Global Automotive Air Conditioning Market – Industry Trends and Forecast to 2030

Global Automotive Air Conditioning Market, By Technology (Manual, Automatic), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Component (Compressor, Evaporator, Receiver, Condenser), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket) – Industry Trends and Forecast to 2030.

Automotive Air Conditioning Market Analysis and Size

Automotive air conditioning is the technique in which removing heat from the inside of the automotive to improve the comfort of occupants. The rise in demand for technologies to decrease carbon dioxide emissions and protect the environment, manufacturing companies are now evolving environment-friendly and more efficient air conditioning systems. Furthermore, the rising demand for commercial and passenger vehicles, increasing demand for better driving comfort, and rising government initiatives to create advanced air conditioning systems are anticipated to major growth factors for enhance the market growth. 

Data Bridge Market Research analyses that the automotive air conditioning market is expected to reach USD 35,265.23 million by 2030, which is USD 21,631.19 million in 2022, at a CAGR of 6.30% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Air Conditioning Market Scope and Segmentation

Market Definition

Automobile air conditioning is a process in which the air conditioner system uses air conditioning to cool the air inside the vehicle. The air-conditioning system in a car works by operating refrigerant between a gaseous and liquid state. As the refrigerant changes states, it absorbs humidity and heat from the vehicle and allows to give off cool and dry air.

Automotive Air Conditioning Market Dynamics

Drivers

• Increase the demand in personal car

The automotive air conditioning market is an essential part of the automotive industry and this tends to follow the similar way as that of the personal cars. This means that the growth in the car market will also drive the demand of automotive air purifier market and helps to increase the revenue growth of the market.

• Increase in demand for commercial and passenger vehicles

The rise in population across developing nations and rising urbanization have played a vital role in increasing demand for vehicles. Furthermore, the production has augmented in most developing nations due to the availability of low-cost labor. With the upsurge in the availability of options for consumers such as comfort and luxury became trending in the market. Therefore, the higher sales of commercial and passenger vehicles lead to increased demand for automotive air conditioning and are expected to drive the market's growth rate.

Opportunities

• Increasing demand for private car rental services

Growing demand for private car rental services such as Uber, Ola and Lyft is anticipated to increase the need for the advanced products such as automotive air conditioning to improve the consumer experience and also expected expected to create lucrative opportunities for the market growth. Furthermore, increasing competition among several taxi services is likely to facilitate the utilization of the evolving differentiation in services, thus growing customer loyalty.

• Government initiatives to develop advanced product

Increase in government policies regarding security and safety of passengers with increasing the demand for better air conditioners which will good for environment. Governments have forced automakers to develop advanced air conditioning systems, which can maintain consumers' safety and decrease carbon dioxide emissions. Thus, these factors are estimated to create immense opportunities for the growth of the global automotive air conditioning market in forthcoming period.

Restraints/ Challenges

• Multiple issues associated

The growth in the price of automotive air conditioning in vehicles will limits their large-scale consumption. This increasing cost of automotive air conditioning system constrains the adoption of this system which is a major factor expected to restrict the growth of the automotive air conditioning market. Also, the automotive air conditioning market is not standalone market, it is maximum dependent on the growth of the automotive sector which therefore always be affected by the changes in automobile sales.

This automotive air conditioning 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 automotive air conditioning market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Automotive Air Conditioning Market Scope

The automotive air conditioning market is segmented on the basis of technology, vehicle type, component and distribution 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.

Technology

• Manual
• Automatic

Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

 Component

• Compressor
• Evaporator
• Receiver
• Condenser

Distribution Channel

• Original Equipment Manufacturer (OEMs)
• Aftermarket

Automotive Air Conditioning Market Regional Analysis/Insights

The automotive air conditioning market is analyzed and market size insights and trends are provided by country, technology, vehicle type, component and distribution channel.as referenced above.

The countries covered in the automotive air conditioning market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Asia-Pacific dominates the automotive air conditioning market in in terms of revenue. This is due to the rising population, rapid industrialization and insistent growth of manufacturing sector in this region.

Europe is projected to be the fastest developing region during the forecast period of 2023-2030 due to growing demand for cars and rising the demand for proficient and compact heating in this region.

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 Automotive Air Conditioning Market Share Analysis

The automotive air conditioning 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 air conditioning market.

Some of the major players operating in the automotive air conditioning market are:

• Air International Thermal Systems (U.S.)
• Axetris AG (Switzerland)
• CabinAir (Sweden)
• Continental AG (Germany)
• DENSO CORPORATION (Japan)
• Freudenberg (Germany)
• Hanon Systems (South Korea)
• Magneti Marelli S.p.A. (Italy)
• MAHLE GmbH (Germany)
• MANN+HUMMEL (Germany)
• Mitsubishi Electric Corporation (Japan)
• PURAFIL, Inc. (U.S.)
• Renesas Electronics Corporation (Japan)
• Robert Bosch GmbH (Germany)
• Eberspacher (Germany)
• Valeo (France)