Global Automotive HVAC MarketPosted by pallavi on August 30th, 2019 Global Automotive HVAC Market is expected to reach 37.7 Billion by 2026 from 17.7 Billion in 2017 at CAGR of 8.76%. for more information visit https://www.maximizemarketresearch.com/market-report/automotive-hvac-market/13181/ Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact Us: Name: Luxmankant Godage Organization: MAXIMIZE MARKET RESEARCH Email: sales@maximizemarketresearch.com Contact: +91 9607365656 Like it? Share it! More by this author |
The Automotive HVAC market is segmented based on technology, application, and geography. By technology segment, the market is segmented into manual and automatic. By applications, the market is segmented as heavy commercial vehicles (HCVs), light commercial vehicles (LCVs) and passenger cars. Passenger cars automotive HVAC dominates the market in 2017. This is mainly driven by rising passenger vehicle demand coupled with increasing luxury vehicle sales on an international scale. Acceptance of electric or hybrid vehicle is also anticipated to drive the segment over the forecast period. Refining road infrastructure and growing personnel mobility need considering growing urbanization are also among key growth drivers. The growing throwaway income levels and rising vehicle production is expected to drive the automotive HVAC market size in the forecast period. Customers demand more ease, luxury, and features in the standard car due to the substantial quantity of time spent on personal vehicles. This is also expected to drive the HVAC system demand. Automotive HVAC market share growth is extremely reliant on vehicle sales. R&D is expected to improve players’ product contribution and increase technological capabilities such as reduction in size and weight.