Market Overview:
The global automotive air conditioning and refrigeration market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars, light commercial vehicles, and heavy commercial vehicles across the globe. Additionally, the growing awareness about energy-efficient air conditioning systems is also propelling the growth of this market. The single zone automatic AC segment is expected to dominate the global automotive air conditioning and refrigeration market during the forecast period. This segment accounted for more than 60% share of the total market in 2017 and is projected to grow at a CAGR of 5.8% from 2018 to 2030.
Product Definition:
The automotive air conditioning and refrigeration system is responsible for the cooling and dehumidification of the passenger compartment. The system also includes components that produce and circulate the refrigerant gas used to cool the interior.
Single Zone Automatic AC:
Single zone automatic AC, also known as single-zone or single-stage AC is a type of air conditioning system which uses only one compressor for cooling. It can be used in both residential and commercial applications. The major advantage of such systems is that they are very energy efficient; hence it helps to reduce the power consumption cost by up to 50%.
The global SZAC market was valued at USD 2,715 million in 2015.
Multizone Automatic AC:
Multizone automatic AC and refrigeration market is expected to witness significant growth over the forecast period owing to increasing consumer awareness regarding comfort, convenience, safety & health concerns. The product has gained wide acceptance in developed countries such as U.S., Germany, France and Japan on account of stringent regulations pertaining to consumer safety and environmental pollution caused by old-style air conditioners & refrigerators.
Application Insights:
Passenger cars accounted for a share of over 50.0% in 2017 and are expected to continue their dominance over the forecast period. The introduction of advanced air conditioning systems with features such as heat pump, humidity control, and multi-zone cooling is anticipated to drive the demand for passenger cars in developing countries including China, India and Brazil. In addition, growing sales of passenger vehicles due to low interest rates coupled with affordable prices is anticipated to fuel industry growth over the forecast period.
The light commercial vehicle segment is projected register a CAGR exceeding 4% from 2018 to 2030 owing to increasing sales volumes of refrigerated trucks on account of cold chain requirements across various industries including pharmaceuticals/food & beverages distribution centers along with an increase in disposable income among consumers globally which has resulted in increased spending on food & beverages which further requires transportation services resulting in increased demand for LCVs worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, coupled with a rise in automobile sales and production. Europe accounted for more than 25% of the overall revenue share in 2017 owing to stringent emission norms and regulations implemented by various regulatory bodies, such as EEA, WLTP and JNCV. Moreover, technological advancements coupled with high demand for luxury vehicles are anticipated to drive air conditioning & refrigeration industry growth over the coming years.
North America is projected to witness significant growth during the forecast period due its early adoption of automotive air conditioning & refrigeration systems on account of climatic conditions prevalent in this region that render vehicular cooling system inefficient.
Growth Factors:
- Increasing demand for vehicles: The global automotive industry is growing at a rapid pace, with the number of passenger cars and commercial vehicles expected to reach 1.7 billion by 2030. This will create a large demand for air conditioning and refrigeration systems in automobiles, thereby driving the market growth.
- Technological advancements: Automotive air conditioning and refrigeration systems are becoming more advanced with each passing day, thanks to technological advancements. This is resulting in increased efficiency and performance of these systems, which is further propelling the market growth.
- Stringent emission norms: Stringent emission norms across different countries are compelling automakers to install advanced air conditioning and refrigeration systems in their vehicles in order to meet regulatory requirements. This is another key factor fuelling market growth globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Air Conditioning & Refrigeration Market Research Report
By Type
Single Zone Automatic AC, Multizone Automatic AC
By Application
Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles
By Companies
Denso, Mahle, Hanon Systems, Keihin, Valeo, Calsonic Kansei, Mitsubishi Heavy Industries, Sanden, Subros, Eberspacher, Denso
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Air Conditioning & Refrigeration Market Report Segments:
The global Automotive Air Conditioning & Refrigeration market is segmented on the basis of:
Types
Single Zone Automatic AC, Multizone Automatic AC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Denso
- Mahle
- Hanon Systems
- Keihin
- Valeo
- Calsonic Kansei
- Mitsubishi Heavy Industries
- Sanden
- Subros
- Eberspacher
- Denso
Highlights of The Automotive Air Conditioning & Refrigeration Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Zone Automatic AC
- Multizone Automatic AC
- By Application:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Air Conditioning & Refrigeration Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive air conditioning and refrigeration systems are designed to keep a car or truck comfortable while on the road. These systems use a variety of methods to cool the interior, including using fans and compressors. Automotive air conditioning and refrigeration can also be used to store food or beverages, keeping them cold or hot.
Some of the major companies in the automotive air conditioning & refrigeration market are Denso, Mahle, Hanon Systems, Keihin, Valeo, Calsonic Kansei, Mitsubishi Heavy Industries, Sanden, Subros, Eberspacher, Denso.
The automotive air conditioning & refrigeration market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Air Conditioning & Refrigeration Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Air Conditioning & Refrigeration Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Air Conditioning & Refrigeration Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Air Conditioning & Refrigeration Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Air Conditioning & Refrigeration Market Size & Forecast, 2020-2028
4.5.1 Automotive Air Conditioning & Refrigeration Market Size and Y-o-Y Growth
4.5.2 Automotive Air Conditioning & Refrigeration Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Zone Automatic AC
5.2.2 Multizone Automatic AC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicle
6.2.3 Heavy Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Air Conditioning & Refrigeration Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Air Conditioning & Refrigeration Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Zone Automatic AC
9.6.2 Multizone Automatic AC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicle
9.10.3 Heavy Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Zone Automatic AC
10.6.2 Multizone Automatic AC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicle
10.10.3 Heavy Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Zone Automatic AC
11.6.2 Multizone Automatic AC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicle
11.10.3 Heavy Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Zone Automatic AC
12.6.2 Multizone Automatic AC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicle
12.10.3 Heavy Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Zone Automatic AC
13.6.2 Multizone Automatic AC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicle
13.10.3 Heavy Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Air Conditioning & Refrigeration Market: Competitive Dashboard
14.2 Global Automotive Air Conditioning & Refrigeration Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denso
14.3.2 Mahle
14.3.3 Hanon Systems
14.3.4 Keihin
14.3.5 Valeo
14.3.6 Calsonic Kansei
14.3.7 Mitsubishi Heavy Industries
14.3.8 Sanden
14.3.9 Subros
14.3.10 Eberspacher
14.3.11 Denso
