Global Automotive Climate Control Systems Market Size, Share, and COVID-19 Impact Analysis, By Technology (Automatic and Manual), By Component (Drier/Receiver, Relays and Control Valves, Compressor, Evaporators and Thermostats, Condenser, and Others), By Distribution Channel (OEMs, and Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Automotive & Transportation

RELEASE DATE Jun 2024
REPORT ID SI4547
PAGES 220
REPORT FORMAT PathSoft

Global Automotive Climate Control Systems Market Insights Forecasts to 2033

  • The Global Automotive Climate Control Systems Market Size was Valued at USD 10.37 Billion in 2023
  • The Market Size is Growing at a CAGR of 6.20% from 2023 to 2033
  • The Worldwide Automotive Climate Control Systems Market Size is Expected to Reach USD 18.93 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period.

Global Automotive Climate Control Systems Market

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The Global Automotive Climate Control Systems Market Size is Anticipated to Exceed USD 18.93 Billion by 2033, Growing at a CAGR of 6.20% from 2023 to 2033.

 

Market Overview

Automotive climate control is an integrated heating, ventilation, and air conditioning (HVAC) system that regulates the internal temperature of an automobile. The system is made up of an evaporator, which boils the refrigerant and absorbs heat, a compressor, which circulates the refrigerant and compresses the vapors, and a condenser, which cools the ambient air and liquefies the refrigerant. It can be operated automatically or manually to maintain a comfortable temperature inside the cabin, provide thermal comfort through adequate ventilation, and ensure maximum comfort for the passengers. Furthermore, heating, air conditioning (AC), ventilation, air distribution, air filtration, and purification, as well as advanced controls like dual-zone/multi-zone and automatic climate control, are all common key components and features of automobile climate control systems. Furthermore, significant growth in the global automotive industry is a key factor contributing to the global automotive climate control systems market's positive outlook. Furthermore, the growing demand for luxury vehicles has increased the need for effective automotive climate control systems.

 

Report Coverage

This research report categorizes the market for the global automotive climate control systems market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global automotive climate control systems market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global automotive climate control systems market.

 

Global Automotive Climate Control Systems Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 10.37 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :6.20%
2033 Value Projection:USD 18.93 Billion
Historical Data for:2019-2022
No. of Pages:220
Tables, Charts & Figures:115
Segments covered:By Technology, By Component, By Distribution Channel, By Region
Companies covered:: Sanden Holdings Corporation, Keihin Corporation, Sensata Technologies Inc., Valeo, Calsonic Kansei Corporation, Johnson Electric Holdings Limited, DENSO CORPORATION, Japan Climate Systems Corporation, Hanon Systems, Mitsubishi Heavy Industries Ltd., MAHLE GmbH, Trans/Air Manufacturing Corp., OMEGA Environmental Technologies, and other key companies.
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

There are several factors driving the demand for car climate control systems. The adoption of modern HVAC technologies is being driven by increased consumer awareness and desire for improved comfort and convenience features in vehicles. Furthermore, the government's strict policies for reducing greenhouse gas emissions require automakers to invest in energy-efficient climate control technologies. Additionally, rising car production and vehicle ownership, particularly in developing countries, help to drive market growth. Technical advancements such as automatic climate control systems and cabin air quality sensors drive market demand even higher. In general, consumer preferences, legal requirements, and technological advancements are the primary factors influencing the direction of the global automotive climate control systems market.

 

Restraining Factors

Several significant obstacles impede the market's growth, including high maintenance costs and technological failure. Due to the automated operation of the system, regular maintenance is necessary. Additionally, changes in the price of raw materials, such as particular commodities, can have an effect on operating expenses and profit margins, putting businesses in the automotive climate control systems market at risk financially.

 

Market Segmentation

The global automotive climate control systems market share is classified into technology, component, and distribution channels.

 

  • The automatic segment is expected to hold the largest share of the global automotive climate control systems market during the forecast period.   

Based on the technology, the global automotive climate control systems market is divided into automatic, and manual. Among these, the automatic segment is expected to hold the largest share of the global automotive climate control systems market during the forecast period. This is attributed to the fact that automatic climate control systems provide drivers and passengers with unmatched convenience and usability. Users can program their preferred cabin temperature, and the system will automatically maintain it by modifying the fan speed, air dispersion, and heating/cooling settings as necessary, saving them the trouble of manually adjusting temperature settings. The user experience is improved by this hands-free feature, particularly on lengthy trips or in erratic weather.

 

  • The condensers segment is expected to grow at the fastest CAGR in the global automotive climate control systems market during the forecast period.   

Based on the components, the global automotive climate control systems market is divided into driers/receivers, relays and control valves, compressors, evaporators and thermostats, condensers, and others. Among these, the condensers segment is expected to grow at the fastest CAGR in the global automotive climate control systems market during the forecast period. This is due to the critical role condensers play in the refrigeration cycle of automobile air conditioners. They are in charge of bringing the high-temperature, high-pressure refrigerant vapor to a liquid condition by cooling it down and condensing it. The liquid is then returned to the evaporator to absorb heat from the inside of the car. Condensers are necessary parts of every car air conditioning system because of this crucial feature.

 

  • The OEMs segment is expected to grow at the fastest CAGR in the global automotive climate control systems market during the forecast period.   

Based on the distribution channel, the global automotive climate control systems market is divided into OEMs and aftermarket. Among these, the OEMs segment is expected to grow at the fastest CAGR in the global automotive climate control systems market during the forecast period. This is due to the fact that OEMs include climate control systems directly into new vehicles during manufacturing. As the automotive sector sees an increase in new vehicle sales, the OEM segment benefits naturally from the addition of climate control systems.  

 

Regional Segment Analysis of the Global Automotive Climate Control Systems Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global automotive climate control systems market over the predicted timeframe.

 

Asia Pacific

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Asia Pacific is anticipated to hold the largest share of the global automotive climate control systems market over the predicted timeframe. Original equipment manufacturers in developing countries such as China, India, and Japan are adapting to shifting regional and segment patterns of supply and demand in terms of production and supply base footprints, supply chains, and product offerings. Furthermore, increased urbanization and population growth drive up consumer demand for autos. In addition, the increased usage of passenger automobiles, results in the adoption of temperature control systems. Furthermore, the movement in consumer preferences toward more modern features over mileage and attractive automobile design is projected to fuel demand for automotive temperature control systems. China is the largest market in Asia Pacific, contributing significantly to the market for automotive climate control systems. Furthermore, the emergence of global potential automobile manufacturers, such as Volkswagen AG and General Motors, concentrating their plants in China through joint ventures with local manufacturers is expected to boost HVAC demand and drive growth in the automotive climate control system market revenue.

 

North America is expected to grow at the fastest pace in the global automotive climate control systems market during the forecast period. This is due to the fact that North America's automobile manufacturing industry is robust, with leading automakers producing a wide range of vehicles with advanced temperature control systems. The presence of major automotive OEMs (original equipment manufacturers) and component suppliers makes widespread adoption and integration of automotive climate control systems across vehicle models possible.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global automotive climate control systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Sanden Holdings Corporation
  • Keihin Corporation
  • Sensata Technologies Inc.
  • Valeo
  • Calsonic Kansei Corporation
  • Johnson Electric Holdings Limited
  • DENSO CORPORATION
  • Japan Climate Systems Corporation
  • Hanon Systems
  • Mitsubishi Heavy Industries Ltd.
  • MAHLE GmbH
  • Trans/Air Manufacturing Corp.
  • OMEGA Environmental Technologies
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In January 2024, Porsche introduced the new eMacan, an all-electric SUV that combines sportiness and sustainability. In addition to its remarkable speed and range, the eMacan features a high-quality and comfortable interior that leaves little to be desired. One of the standout features is the revised climate control panel in the center console and back. The new eMacan's climate control panel mixes classic mechanical buttons with a haptic surface, achieving the ideal combination of tactile feedback and a modern, display-based interior.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global automotive climate control systems market based on the below-mentioned segments: 

 

Global Automotive Climate Control Systems Market, By Technology

  • Automatic
  • Manual

 

Global Automotive Climate Control Systems Market, By Component

  • Drier/Receiver
  • Relays and Control Valves
  • Compressor
  • Evaporators and Thermostats
  • Condenser
  • Others

 

Global Automotive Climate Control Systems Market, By Distribution Channel

  • OEMs
  • Aftermarket

 

Global Automotive Climate Control Systems Market, Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which are the key companies that are currently operating within the market?
    Sanden Holdings Corporation, Keihin Corporation, Sensata Technologies Inc., Valeo, Calsonic Kansei Corporation, Johnson Electric Holdings Limited, DENSO CORPORATION, Japan Climate Systems Corporation, Hanon Systems, Mitsubishi Heavy Industries Ltd., MAHLE GmbH, Trans/Air Manufacturing Corp., OMEGA Environmental Technologies, and Others.
  • 2. What is the size of the global automotive climate control systems market?
    The Global Automotive Climate Control Systems Market is expected to grow from USD 10.37 Billion in 2023 to USD 18.93 Billion by 2033, at a CAGR of 6.20% during the forecast period 2023-2033.
  • 3. Which region is holding the largest share of the market?
    Asia Pacific is anticipated to hold the largest share of the global automotive climate control systems market over the predicted timeframe.

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