Market Overview:
The global commercial vehicle HVAC systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles, especially in emerging economies such as China and India. Additionally, the increasing adoption of automatic HVAC systems in light and medium commercial vehicles is also contributing to the growth of this market. The global commercial vehicle HVAC systems market by type is segmented into automatic HVAC system and manual HVAC system. The automatic HVAC system segment is expected to grow at a higher CAGR than the manual HAVC system segment during the forecast period from 2018 to 2030.
Product Definition:
A Commercial Vehicle HVAC System is a system that is used to heat or cool a commercial vehicle. This system is important because it helps to keep the driver and passengers comfortable while they are in the vehicle.
Automatic HVAC System:
An automatic HVAC system is a group of devices that regulate the temperature of a vehicle. The most common types of HVAC systems used in vehicles are air conditioners and heaters. An automatic HVAC system can be defined as one that requires minimal human intervention, i.e., no manual switching required for cooling or heating functions, and has an immediate effect on the target device(s).
Manual HVAC System:
Manual HVAC systems are used in commercial vehicles for passenger cars, trucks and buses. The system is also installed in light goods vehicles such as lorries and vans. It provides a comfortable ride to the passengers by maintaining the temperature inside the vehicle at an appropriate level.
Application Insights:
Based on application, the market has been segmented into light commercial vehicle (LCV), medium commercial vehicle (MCV) and heavy commercial vehicle (HCV). The LCV segment dominated the global market in terms of revenue in 2017. This is attributed to increasing demand for such vehicles from developing countries, such as China and India. In addition, growing demand for passenger cars from developed countries also contributes to the growth of this segment.
The HCV segment is expected to witness significant growth over the forecast period owing to rising awareness about environment protection among consumers as well as increased government regulations regarding emission control devices in vehicles. Furthermore, technological advancements coupled with implementation of advanced HVAC systems are further anticipated to drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, rising standards of living, and changing consumer preferences toward luxury vehicles with advanced HVAC systems. Moreover, rapid urbanization in developing countries such as India and China has led to an increase in commercial vehicle production which will further boost market growth.
The European market accounted for a significant share owing to stringent government regulations regarding carbon emissions from commercial vehicles coupled with high fuel prices resulting into reduced operating costs associated with HVAC system installation on heavy commercial vehicles. Furthermore, technological advancements such as digital central control units for air conditioning are anticipated to reduce energy consumption by up 20% compared to analog systems used previously thus boosting demand across this region over the forecast period.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Growing awareness about the benefits of using commercial vehicle HVAC systems
- Technological advancements in commercial vehicle HVAC systems that improve performance and efficiency
- Rising demand for eco-friendly and energy-efficient commercial vehicle HVAC systems
- Increasing number of fleet operators opting for advanced commercial vehicle HVAC systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle HVAC Systems Market Research Report
By Type
Automatic HVAC System, Manual HVAC System
By Application
Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle
By Companies
Denso Corporation, Valeo SA, MAHLE GmbH, Hanon Systems, Delphi Automotive PLC, Sanden Corp, Air International Thermal Systems, Calsonic Kansei, Cambridge Air Solutions, Trans/Air Manufacturing Corporation, Guchen Industry
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle HVAC Systems Market Report Segments:
The global Commercial Vehicle HVAC Systems market is segmented on the basis of:
Types
Automatic HVAC System, Manual HVAC System
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
Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle
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 Corporation
- Valeo SA
- MAHLE GmbH
- Hanon Systems
- Delphi Automotive PLC
- Sanden Corp
- Air International Thermal Systems
- Calsonic Kansei
- Cambridge Air Solutions
- Trans/Air Manufacturing Corporation
- Guchen Industry
Highlights of The Commercial Vehicle HVAC Systems 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:
- Automatic HVAC System
- Manual HVAC System
- By Application:
- Light Commercial Vehicle
- Medium Commercial Vehicle
- Heavy Commercial Vehicle
- 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 Commercial Vehicle HVAC Systems 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?
Commercial vehicle HVAC systems are designed to keep large, heavy vehicles comfortable and cool. These systems typically include air conditioning, heating, and ventilation (A/C/HVAC). They are often installed in trucks, buses, and other commercial vehicles.
Some of the major players in the commercial vehicle hvac systems market are Denso Corporation, Valeo SA, MAHLE GmbH, Hanon Systems, Delphi Automotive PLC, Sanden Corp, Air International Thermal Systems, Calsonic Kansei, Cambridge Air Solutions, Trans/Air Manufacturing Corporation, Guchen Industry.
The commercial vehicle hvac systems 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 Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size & Forecast, 2018-2028
4.5.1 Commercial Vehicle HVAC Systems Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle HVAC Systems Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Type
5.2.1 Automatic HVAC System
5.2.2 Manual HVAC System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Applications
6.2.1 Light Commercial Vehicle
6.2.2 Medium Commercial Vehicle
6.2.3 Heavy Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Type
9.6.1 Automatic HVAC System
9.6.2 Manual HVAC System
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 Commercial Vehicle HVAC Systems Market Size Forecast by Applications
9.10.1 Light Commercial Vehicle
9.10.2 Medium Commercial Vehicle
9.10.3 Heavy Commercial Vehicle
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 Commercial Vehicle HVAC Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Type
10.6.1 Automatic HVAC System
10.6.2 Manual HVAC System
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 Commercial Vehicle HVAC Systems Market Size Forecast by Applications
10.10.1 Light Commercial Vehicle
10.10.2 Medium Commercial Vehicle
10.10.3 Heavy Commercial Vehicle
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 Commercial Vehicle HVAC Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Type
11.6.1 Automatic HVAC System
11.6.2 Manual HVAC System
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 Commercial Vehicle HVAC Systems Market Size Forecast by Applications
11.10.1 Light Commercial Vehicle
11.10.2 Medium Commercial Vehicle
11.10.3 Heavy Commercial Vehicle
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 Commercial Vehicle HVAC Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle HVAC Systems 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 Commercial Vehicle HVAC Systems Market Size Forecast by Type
12.6.1 Automatic HVAC System
12.6.2 Manual HVAC System
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 Commercial Vehicle HVAC Systems Market Size Forecast by Applications
12.10.1 Light Commercial Vehicle
12.10.2 Medium Commercial Vehicle
12.10.3 Heavy Commercial Vehicle
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) Commercial Vehicle HVAC Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle HVAC Systems 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) Commercial Vehicle HVAC Systems Market Size Forecast by Type
13.6.1 Automatic HVAC System
13.6.2 Manual HVAC System
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) Commercial Vehicle HVAC Systems Market Size Forecast by Applications
13.10.1 Light Commercial Vehicle
13.10.2 Medium Commercial Vehicle
13.10.3 Heavy Commercial Vehicle
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 Commercial Vehicle HVAC Systems Market: Competitive Dashboard
14.2 Global Commercial Vehicle HVAC Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Denso Corporation
14.3.2 Valeo SA
14.3.3 MAHLE GmbH
14.3.4 Hanon Systems
14.3.5 Delphi Automotive PLC
14.3.6 Sanden Corp
14.3.7 Air International Thermal Systems
14.3.8 Calsonic Kansei
14.3.9 Cambridge Air Solutions
14.3.10 Trans/Air Manufacturing Corporation
14.3.11 Guchen Industry
