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Automotive HVAC Market To Witness Growth At 8% CAGR Till 2024 - Research Re... PowerPoint PPT Presentation


Automotive HVAC Market Size By Application (Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs), Passenger Cars), By Technology (Manual, Automatic), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, India, China, Japan, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024

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Automotive HVAC Market To Witness Growth At 8% CAGR Till 202...

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Automotive hvac market to witness growth at 8 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Global Automotive HVAC Market Size, Share, Growth, Industry

Analysis, Trends and Forecast to 2024 | Hexa Research

The global market for automotive HVAC (Heating, Ventilating, and Air Conditioning) was

estimated at USD 12 billion in 2015 and is anticipated to grow at a CAGR of over 8 % over

the forecast period (from 2016 to 2024). The growing production of the passenger vehicles

along with the rising income levels is projected to augment the global market growth over

the next few years.

Improved lifestyles and rising customer awareness about the energy-efficient products are

projected to contribute towards the automotive HVAC market growth. Various technological

improvements and innovations for cost-effective and efficient products are also driving the

demands extensively. Negative impact on the economy of automobile fuel is likely to hinder

the market growth; however, the effects of this restraint are said to decrease in the long

term. The global HVAC market is categorized as applications, technologies, and regions.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive hvac market to witness growth at 8 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Browse Detail Report@

https://www.hexaresearch.com/research-report/automotive-hvac-market

The application sector involves Light Commercial Vehicles (LCVs), Heavy Commercial

Vehicles (HCVs), and passenger cars. The passenger cars sector dominated the market in

2015 accounting for the revenue share of over 60 %. This is mainly because of the

increasing demands for passenger vehicles along with the rising sales of luxury vehicles

globally. Demands in the LCV sector is anticipated to grow at a CAGR of 8 % during the

estimated years.

The technologies segment comprises automatic and manual. The automatic systems sector

led the automotive HVAC market in 2015 occupying over 60 % of the overall share. It is

further projected to grow at a CAGR of 10 % during the forecast period. The manual

systems are a common installation in budget vehicles. The advent of multi-zone systems

makes it easier for vehicle manufacturers to modify and install better comfort features in

their products.

Geographically, the U. S. market for automotive HVAC is expected to grow at a CAGR of

over 8 % over the estimated years. The European market is also projected to boost nature-

friendly technology demands in Europe due to the favorable initiatives by the government to

control the energy consumption. The APAC region is expected to grow at a CAGR of 9 %

over the next eight years.

Some of the major companies operating in the automotive HVAC market are Mahle Group;

Denso Corp.; Hanon Systems; and Valeo S. A.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/automotive-and-transportation-

industry

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive hvac market to witness growth at 8 cagr till 2024 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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