Global Climate Control System for Commercial Vehicle Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The climate control system for commercial vehicle is based upon the principles of heating, ventilation and air conditioning. Heating ventilation and air conditioning system was first introduced in year 1960. Now a days, almost every vehicle is installed with heating, ventilation and air conditioning systems. Air International Thermal Systems, Subros Limited, Behr-Hella Thermocontrol GmbH and Visteon Corporation are the some major players operating in this market.

• Data Bridge Market Research analyses that the climate control system for commercial vehicle market value, which was USD 18.10 billion in 2021, is expected to reach the value of USD 37.41 billion by 2029, at a CAGR of 9.50% during the forecast period of 2022-2029. "Original Equipment Manufacturers" accounts for the largest sales channel segment in the climate control system for commercial vehicle market owing to the growing penetration of vehicles especially in the developed economies. The climate control system for commercial vehicle market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Market Definition

From the name itself, it is clear that automotive automatic tire inflation systems are the tire inflators that are used in case of a flat tire or puncture. The automotive automatic tire inflation systems automatically maintain the air pressure in the tires. The automotive automatic tire inflation systems consist of a compressor which is used to pass air through rotary joint.  

Global Climate Control System for Commercial Vehicle Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Growth in investment for research and development to carve way for innovations

The rising number of strategic market collaborations has led to the rise in funds to be allocated for the growth and development of advanced and automated technology/ machinery. Further, growth in the level of investment for research and development proficiencies would carve the way for innovations pertaining to car cooling systems.      

• Four wheelers to induce greater demand and supply in emerging nations  

Growing production rate of four wheelers will further widen the scope of growth for the market. Worldwide car sales grew to around 66.7 million automobiles in 2021. Also increasing rate of traffic and traffic congestions problems is inducing growth in the demand for electric vehicles.

• Growth and expansion of automotive industry to present numerous opportunities

Owing to the global economic rise, there is a huge scope of growth for the automotive and transportation industry. There is an increased focus of the major manufacturers on the application of advanced technologies which will widen the scope of growth. Further, the Indian auto industry is expected to record strong growth post recovering from effects of Covid-19 pandemic.

Rising urbanization, modernization, and globalization drive market value growth. Surging global warming, growing technological advancements in the manufacturing technology and increasing personal disposable income are other market growth determinants. Furthermore, growing initiative of the government for the development of advanced climate control system extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, growing awareness about the fact that advanced system will reduce the energy consumption of automotive climate control system will further expand the future growth of the market. 

• High costs to limit the scope of growth in the long run

High costs associated with installation of these systems will slow down the market growth rate in the long run. Also, high costs associated with research and development proficiencies will create hindrances for the market. High cost of maintenance along with equipment upgrades is further derailing the market growth rate. Rising need of high capital investment which will become the biggest challenge for the growth of the market.

• Supply chain disruptions will pose a threat to the unprecedentedly growing market demand

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply of materials. Also, fluctuations in the prices of raw materials will prove to be a demerit for the market. Therefore, this will challenge the market growth rate.    

Also, dearth of awareness in underdeveloped regions and large scale availability of alternatives will act as growth restraints for the market. Lack of strong infrastructural facilities in the backward economies, and design and performance standard concerns will also challenge the market growth rate.

This climate control system for commercial vehicle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the climate control system for commercial vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Climate Control System for Commercial Vehicle Market

The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of manufacturing activities, thereby, resulting in the halt on production and sales of new vehicles. Pandemic resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. The market growth rate saw a slowdown owing to the stringent measures taken up to curb the commercial activities. This pandemic put a hold on the manufacturing of automobiles thereby, putting a halt on the market growth rate. However, with the relaxations ahead, the future of the market seems to be promising.     

Recent Development

• In March 2020, Swegon, a UK-based HVAC manufacturer, acquired air terminal specialist Waterloo Air Products. The acquisition deal will give the company air terminal range and expertise in the custom-building segment.
• In March 2020, Gardner Denver completed the merger with Ingersoll Rand’s Industrial segment to significantly dominate the mission-critical flow control and industrial technologies market by developing an extended product portfolio.
• In July 2020, DENSO Corporation announced that it resolved to merge its wholly-owned subsidiary DENSO IT Solutions Inc. through an absorption-type merger to promote the company-wide digitalization strategy and facilitate utilization and application of data.
• In October 2020, MAHLE signed a purchase agreement with Keihin Corporation to strengthen its global footprint in air conditioning technology. This agreement's focus is mainly to improve its market access, particularly in Japan and Southeast Asia.

Global Climate Control System for Commercial Vehicle Market Scope

The climate control system for commercial vehicle market is segmented on the basis of component, commercial vehicle type, electric vehicle type, application, voltage and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Compressor
• Condenser
• Receiver-Drier
• Evaporator
• Control Valves
• Actuators
• Thermostat
• Coils
• Relays
• Sensor
• Others

Climate control system for commercial vehicle market on the basis of component has been segmented as compressor, condenser, receiver-drier, evaporator, control valves, actuators, thermostat, coils, relays, sensor, and others.

Commercial Vehicle Type

• Truck
• Bus
• Ambulance
• Minivan
• Cargo Van
• Trailer
• Others

Based on commercial vehicle type, climate control system for commercial vehicle market has been segmented into truck, bus, ambulance, minivan, cargo van, trailer, and others.

Electric Vehicle Type

• Hybrid
• Full Electric Vehicle

On the basis of electric vehicle type, climate control system for commercial vehicle market has been segmented into hybrid, and full electric vehicle.

Application

• Long Haul
• Regional
• Specialty

On the basis of application, climate control system for commercial vehicle market has been segmented into long haul, regional, and specialty.

Voltage

• 12V
• 24V
• 48V
• 350V
• 650V

Based on voltage, climate control system for commercial vehicle market has been segmented into 12V, 24V, 48V, 350V, and 650V.

Sales Channel

• Original Equipment Manufacturer
• Aftermarket

On the basis of sales channel, the climate control system for commercial vehicle market has been segmented into original equipment manufacturer and aftermarket.

Climate Control System for Commercial Vehicle Market Regional Analysis/Insights

The automotive automatic tire inflation system market is analysed and market size insights and trends are provided by country, component, commercial vehicle type, electric vehicle type, application, voltage and sales channel as referenced above.

The countries covered in the automotive automatic tire inflation system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America will dominate the climate control system for commercial vehicle market due to the adoption of advanced technology along with prevalence of various manufacturers in the region while

Asia-Pacific will grow in the forecast period due to the rising preferences towards electric vehicles along with favourable government policies.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Climate Control System for Commercial Vehicle Market Share Analysis

The automotive automatic tire inflation system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive automatic tire inflation system market.

Some of the major players operating in the automotive automatic tire inflation system market are Continental AG (Germany), Valeo Thermal Commercial Vehicles Germany GmbH (Germany), SANDEN CORPORATION. (Japan), Hanon Systems (South Korea), DENSO CORPORATION. (Japan), Eberspächer (Germany), Bergstrom Climate Control Systems. (U.S.), Webasto Thermo & Comfort (Germany), RED DOT CORPORATE (US), MAHLE GmbH (Germany), WABCO (Belgium), Mobile Climate Control. (US), Keihin North America, Inc. (US), JAPAN CLIMATE SYSTEMS CORPORATION (Japan), Air International Thermal Systems (US), Subros Limited (India), Behr-Hella Thermocontrol GmbH (Germany), and Visteon Corporation (US) among others.

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