Automotive HVAC Market 2025; Industry Trends, Statistics, Key Companies Growth & Regional Forecast
The increasing deployment of HVAC systems in newly manufactured vehicles has fueled the market size of HVAC cars. Automotive HVAC systems monitor and control cabin temperature and humidity very effectively. Consistent innovations in automotive HVAC have enabled the development of fuel-efficient and environmentally friendly systems that are driving industry trends. The size of the automotive HVAC industry will surpass $25 billion in revenue by the end of 2025.
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According to the International Council on Clean Transportation (ICCT), car sales in the European Union had fully recovered in 2016 from the economic crisis the region had experienced in previous years. in 2017, new vehicle registrations across the EU rose to around 15.2 million units, from 14.6 million in 2016. As in previous years, the segment that showed the strongest growth was SUVs, which produced around 4 .3 million units sold – a major factor that may have helped drive regional automotive HVAC market trends.
While the car industry has recovered significantly in recent years, the industry’s future growth prospects appear uncertain, given the looming threat of the UK leaving the EU in a no-deal or hard Brexit, should the car industry the continent would face an extremely fleeting consequence. However, a recent assessment by the European Securities and Markets Authority found that total car sales across the continent would remain stable in 2019.
Motor vehicle exports outside the EU, which in 2017 amounted to approximately 5.9 million units (worth €138.6 billion), are expected to be a major driver for the regional automotive HVAC industry . The fact that the United States is one of the largest importers of European-made vehicles will also be responsible for the expansion of the European automotive HVAC market in the period 2019-2025.
Thanks to its huge population and rapidly improving economic conditions, APAC has established itself as the prime investment ground for the automotive contenders. The region is also home to some of the world’s major auto markets – China, Japan and India, with the Chinese market being the largest globally. Despite a proposed slowdown in China’s auto industry, Japan and India are expected to catch up, especially India, as the country’s booming auto industry will outgrow Japan’s auto industry by 2021.rd place worldwide behind the US and China.
As APAC and Europe continue to compete, the automotive HVAC industry has gotten the recipient of another contender: South Africa. Due to the growing production of light commercial and passenger cars and the presence of American, Asian and European companies in the region such as Volkswagen, Nissan, BMW, Toyota, Ford and Mercedes, South Africa has made a huge advance in total automotive HVAC -market. According to the NAAMSA (National Association of Automobile Manufacturers of South Africa), the region’s automotive sector received compensation of more than $42 billion in 2017.
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Some points from the table of contents:
Chapter 4. Automotive HVAC Market, by Technology
4.1. Top Trends in the Automotive HVAC Market, by Technology
4.2.1. Market estimates and forecast, 2015 – 2025
4.3.1. Market estimates and forecast, 2015 – 2025
Chapter 5. Automotive HVAC Market, by Vehicle Type
5.1. Top Trends in the Automotive HVAC Market, by Vehicle Type
5.2. passenger cars
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. light commercial vehicles
5.3.1. Market estimates and forecast, 2015 – 2025
5.4.1. Market estimates and forecast, 2015 – 2025
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