Global Automotive HVAC Market driven by the growing global warming| Global IndusPosted by Preeti on February 23rd, 2021 Market Overview In its recently published research study, Market Research Future (MRFR) asserts that the global automotive HVAC market is booming and expected to expand exponentially over the review period, recording a significant market valuation and a modest 9% CAGR over the forecast period. Drivers and Restraints The growth of the global automotive HVAC market is accountable for by several factors. In automobiles there is primarily a growing demand for thermal systems and automatic climate control features. In addition, in the urban sector, people drive long distances in their personal vehicles, and hence the need for HVAC is greater. Morevoer, global temperatures are rising due to global warming and climate change, which leads to increased demand for ambient temperatures inside the automobile. However, knowledge of the use of environmentally friendly refrigerants and automotive coolants in the HVAC system results in the need for sophisticated and technologically developed HVAC systems thus increasing their sales.In the Covid-19 period, the automotive sector experienced a severe decline in vehicle production and sales due to unusual lockdowns that slowed the growth of the economy around the globe. The shutdown steps further affected the supply chains for the automotive HVAC industry of the components and raw materials needed. The automotive HVAC sector has been significantly affected by a significant slowdown in trade between countries along with temporary closure of manufacturing facilities due to the growing pandemic situation. Industry players and contributors are committed to taking several operational safety measures which include regular health updates, temperature screening, and reconfiguring assembly lines to improve employee social distance. In addition, few manufacturers are also taking strict steps including voluntary blood testing to verify exposure to the virus to reduce the pandemic effects. The increasing awareness of the Covid-19 and the stringent measures taken by government agencies around the globe will substantially support the growth of the automotive HVAC product. The increasing impact of COVID-19 has placed immense pressure coupled with increased competition among industry players around the globe. This will further compel industry players to engage in strategic mergers and acquisitions to cope with the increasing pressure and deteriorating market revenue in the industry with survival. Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/2113 Segmental Analysis On the basis of technology, the market is divided into manual and automatic. Amid the component segment, the HVAC system is made up of components such as the Evaporator, Receiver/Drier, Condenser, Compressor, and the Expansion Device. Regional Landscape The geographic overview of the global market has been directed in four major regions, comprising Europe, North America, the Asia Pacific, and the rest of the world (Latin America, the Middle East and Africa). The Asia Pacific market is poised to duel this market 's growth. India and China are expected to have stable, rising economies that will drive the region's automotive industry. Japan is driving automotive innovation into the Asia Pacific market. Significant automobile sales are expected in this region due to the large population, increasing demand for passenger vehicles, rising middle-class per capita income and higher living standards. In addition to considerable humidity, the temperature is relatively high over this area, which requires the installation of HVAC systems for a pleasurable driving experience. The European region has quite a growing demand for the HVAC systems due to extreme low-temperature conditions continuing almost through the year. Competitive Scenario The major market players operating in the global market as identified by MRFR are The Keihin Corporation (Japan), Sensata Technologies (U.S.), Johnson Electric Holdings Limited (Hong Kong), Calsonic Kansei Corporation (Japan), Valeo (France), and Denso Corporation (Japan). Hanon Systems (South Korea), MAHLE GmbH (Germany), Sanden Corporation (Japan), and Japan Climate Systems Corporation (Japan), are among the other players fueling the growth in this market. Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/2113 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL 3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact
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