Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market 2020-2024 | Size, Share, Trends, Analysis, and Forecast | Research Report by Technavio

Technavio has announced its latest market research report titled Global Automotive Heating, Ventilation, and Air Conditioning Compressor Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The global automotive heating, ventilation, and air conditioning (HVAC) compressor market size is poised to grow by 1.18 million units during 2020-2024, progressing at a CAGR of about 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The growing industrialization and the increasing market for export and import activities will be a key driving factor for the growth of the global automotive heating, ventilation, and air conditioning (HVAC) compressor market during the forecast period. Most of the truck manufacturers are installing HVAC systems in truck cabins as an option at a low additional cost. Moreover, regulations implemented to enhance the comfort of truck cabins for drivers are increasing the installation of HVAC systems in trucks. These factors contribute to the increasing adoption of HVAC systems in trucks which is one of the key factors driving automotive heating, ventilation, and air conditioning compressor market growth.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Report Highlights:

  • The major HVAC compressor market growth came from the passenger car segment, as almost all automakers have started equipping their passenger cars with HVAC systems.
  • North America was the largest automotive heating, ventilation, and air conditioning (HVAC) compressor market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the rising demand for automatic climate control systems and the increasing adoption of EVs
  • The global automotive heating, ventilation, and air conditioning (HVAC) compressor market is fragmented. Delphi Technologies Plc, DENSO Corp., Hanon Systems, HELLA GmbH & Co. KGaA, MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Subros Ltd., Toyota Industries Corp., and Valeo SA, are some of the major market participants. To help clients improve their market position, this automotive heating, ventilation, and air conditioning (HVAC) compressor market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global automotive heating, ventilation, and air conditioning (HVAC) compressor market 2020-2024 is expected to have a negative impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Focusing on eco-friendly designs to improve their fuel efficiency will be a Key Market Trend

Eco-friendly HVAC systems have hydrofluorocarbon (HFC)-152a that can significantly reduce greenhouse gas emissions from automobiles in the long run. The rising environmental regulations will increase the adoption of these systems, which will have a positive impact on the growth of the automotive HVAC compressor market. This trend will drive global automotive heating, ventilation, and air conditioning (HVAC) compressor market growth over the forecast period.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist automotive heating, ventilation, and air conditioning (HVAC) compressor market growth during the next five years
  • Estimation of the automotive heating, ventilation, and air conditioning (HVAC) compressor market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive heating, ventilation, and air conditioning (HVAC) compressor market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive heating, ventilation, and air conditioning (HVAC) compressor market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Passenger cars - Market size and forecast 2019-2024
  • LCVs - Market size and forecast 2019-2024
  • MCVs and HCVs - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Delphi Technologies Plc
  • DENSO Corp.
  • Hanon Systems
  • HELLA GmbH & Co. KGaA
  • MAHLE GmbH
  • Marelli Holdings Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Subros Ltd.
  • Toyota Industries Corp.
  • Valeo SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Automotive HVAC Market will grow by 1.18 mn units during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/