Global Automotive HVAC Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), The Global Automotive HVAC Market size was estimated at USD 16.35 billion in 2021 and is expected to reach USD 18.10 billion in 2022 and is expected to hit around USD 32.10 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.75% from 2022 to 2030.

Our recently published report, “Automotive HVAC Market”, offers a comprehensive and deep evaluation of the market stature. Additionally, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.

To learn more about this report - request a sample report PDF

Automotive HVAC Market Overview

A technology called heating, ventilation, and air conditioning (HVAC) is utilized to maintain a vehicle's interior environment. It contributes to the comfort of passengers on board by managing a vehicle's interior atmosphere temperature (hot or cold). A vehicle's interior temperature can be regulated by an HVAC system. It consists of three subsystems, namely heating, cooling, and air conditioning, which cooperate to deliver filtered air to the car's interior and ensure the comfort of the drivers and passengers in terms of temperature. It regulates the air's temperature, checks the amount of moisture in the air, and removes too much humidity from the airflow.

The compressor, condenser, evaporator, pressure-regulating devices, orifice tube, thermal expansion valve, receiver-drier, and accumulator make up the major component unit of the automobile HVAC system. The total automotive HVAC system is said to revolve around the compressor. It is a pump that is connected to the engine and is operated by a belt. The compressor facilitates the transmission and compression of refrigerant gas. A condenser, which aids in heat radiation, is often found in front of the car.

When hot compressed gases are added to the top of a condenser, they are immediately cooled, and once the cooling is complete, the hot gases condense and escape the condenser as a high-pressure fluid. The HVAC system includes an evaporator as a heat absorber. An evaporator's primary function is to remove heat from within the car and dehumidify the interior atmosphere. By adjusting the refrigerant pressure and flow into the evaporator, pressure-regulating devices regulate the evaporator temperature.

Automotive HVAC Market: COVID–19 Impact Analysis

Global economies have been significantly impacted by the COVID-19 pandemic. COVID-19 has caused a number of challenges for a number of businesses. COVID-19 has a significant influence on the market for automotive goods and supply chains. Additionally, due to limits on travel and lockdowns, sales of passenger vehicles declined, which negatively impacted the Automotive HVAC market. However, since the lockout, production processes and the staff for companies that make infotainment have accelerated. In the past, using an automotive HVAC system was seen as a luxury, and not all cars were equipped with one. However, due to the fundamental automotive safety and comfort requirements that are now universally acknowledged, it is a need in every car.

Automotive HVAC Market: Growth Drivers

Flourishing automotive production accelerates the market’s growth

The size of the automotive HVAC market is being driven by the booming demand in the automobile industry on a worldwide scale as a result of rising disposable income. As consumers spend more money on comfort and luxury amenities in cars, OEMs are being forced to incorporate high-quality climate control systems. Manufacturers spend money on research and development to differentiate their goods, like their small and light HVAC systems. This will make it possible for the business to provide HVAC systems to its customers that are both energy- and environmentally efficient. A variety of new opportunities for industry growth are emerging as a result of consumers' growing concerns about indoor air quality.

A rise in safety and comfort as a result of the use of HVAC systems

Major technical developments in automobiles have resulted from the growth in demand for safety, comfort, and aesthetic characteristics. HVAC systems enable a comfortable journey for both the driver and the passenger. The device also helps to defrost windows, demist windshields, and dehumidify the air, all of which enhance passenger comfort. Future danger concerns are eliminated by the system's secure and reliable operation. Therefore, it is projected that the adoption of HVAC systems, which provide secure and comfortable conditions within the car cabin, would boost safety, fueling the growth of the automotive HVAC market.

Automotive HVAC Market Segmentation Analysis

The automotive HVAC market is segmented into technology and vehicle type. Based on technology, the market the automatic segment is estimated to lead the market during the forecast period. With a high market share, automated systems will dominate the car HVAC industry. One of the main elements influencing industry demand is the rise in demand for high levels of cabin comfort and usability. Temperature and humidity sensors must be installed within the car cabin for automatic systems to change the temperature based on the demands of the passengers.

By vehicle type, the passenger cars segment is anticipated to dominate the market during the forecast period. Due to factors like the rising demand for automobiles in developing countries, the rapid expansion of electric vehicles, and the strict climate control regulations being set by governments in Europe and the United States, the automotive HVAC market is anticipated to experience high growth in the passenger vehicle segment. Due to their low price and excellent efficiency, swash plate compressors are in demand for use in passenger cars. Most manufacturers of HVAC systems choose these solutions, which expands the market.

Due to rising concerns about drivers' indoor air quality, commercial cars are steadily increasing in popularity on the global market. Due to the need for optimum fuel usage and driver comfort, these cars are increasingly using efficient HVAC systems. Additionally, there are several prospects for market expansion due to the rising use of commercial vehicles that results from the requirement for transportation operations across all business verticals.

Report Scope

Key Insights:

• Based on technology segmentation, the automatic segment is estimated to hold the largest market share during the forecast period.
• Based on vehicle segmentation, the passenger cars segment is the leading revenue-generating category during the forecast period and the commercial vehicles segment is expected to grow at a significant rate.
• On the basis of geography/region, the Asia-Pacific region was the leading revenue generator in 2021.

Recent Development

• January 2022: A full system solution for motor control, the MOTIX motor control kit, was unveiled by Infineon Technologies. The pre-assembled kit includes a BLDC motor, a market-proven chipset, pre-flashed sample software, and everything else required to start the motor spinning quickly. These kits can be used in HVAC blowers, cooling fans, auxiliary pumps, and any other application that employs 3-phase low-voltage BLDC motors.
• November 2021: Hanon System officially opened its two new locations in Hungary: a building extension in Rétság and a brand-new greenfield production site in Pécs. The facility has 22,464 square meters of production area and has room for assembly lines, testing for automobile air conditioning (A/C) lines, and equipment for forming, brazing, welding, and bending. aid, nickel metal hydride, rechargeable batteries, battery chargers, and portable lighting.
• October 2020: To acquire Keihin Corporation's air conditioning business in Japan, Thailand, and the USA, Mahle has inked a purchase agreement with the firm. Through this partnership, MAHLE will increase its market access globally for air conditioning technologies, notably in Japan and Southeast Asia.

Regional Landscape

Asia-Pacific is anticipated to be one of the most intriguing markets during the projection period, accounting for the majority of the market's revenue share. The Asia-Pacific market is expected to increase significantly because of the close proximity of major manufacturers, the enormous manufacturing of cars, and the growing demand for vehicles in the countries that produce them, such as China, South Korea, and India. The market must be driven in the upcoming year by government initiatives to revive the automobile industry. One of the biggest markets and a key contributor to the demand for these vehicle HVAC systems in China. The growing desire of people for comfort and safety is the cause of the rising demand for passenger cars from India, China, and their other counterparts in the Asia-Pacific area. These elements are anticipated to support market expansion in the area.

Competitive Landscape

Our report offers both quantitative and qualitative insights into the Automotive HVAC market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

The global Automotive HVAC market is segmented as follows:

By Technology

• Automatic
• Manual

By Vehicle type

• Passengers Cars
• Commercial Vehicles
• Electric Vehicles

By Component

• Evaporator
• Compressor
• Condenser
• Receiver-drier
• Expansion valve
• Others

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America