Revival of the automotive industry post economic recession and rising disposable income resulting in growing desire for luxury and comfort in automotives are collectively expected to favor market demand over the forecast period 2016 – 2023. In addition, growing preference for private vehicle ownership owing to the availability of private financing schemes has had positive impact on the market growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2023. The HVAC (Heating, Ventilation, and Air Conditioning) equipment market  is expected to exceed US$ 21.0 Bn by 2023.

1.1    Market Scope and Segmentation

This report analyzes the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market in terms of type, application, and geographical distribution. On the basis of type, the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market is segmented into automatic HVAC systems and manual HVAC systems. Similarly, on the basis of application (vehicle type), the automotive HVAC (Heating, Ventilation, and Air Conditioning) market is further classified into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The geographical distribution of the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

1.2    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market.

Target Audience

• Industry Investors
• HVAC System Manufacturers
• Automobile Manufacturers
• Integrators and Assemblers
• End-users

USP and Key Offerings

The report titled “Global Automotive HVAC (Heating, Ventilation, and Air Conditioning) Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on type, application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industry particpants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the automotive HVAC (Heating, Ventilation, and Air Conditioning) market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Value Chain Analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive HVAC (Heating, Ventilation, and Air Conditioning) market, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive HVAC (Heating, Ventilation, and Air Conditioning) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive HVAC (Heating, Ventilation, and Air Conditioning) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive HVAC (Heating, Ventilation, and Air Conditioning) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive HVAC (Heating, Ventilation, and Air Conditioning) market?
• Which is the largest regional market for Automotive HVAC (Heating, Ventilation, and Air Conditioning) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive HVAC (Heating, Ventilation, and Air Conditioning) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive HVAC (Heating, Ventilation, and Air Conditioning) market worldwide?