8.81% CAGR is expected for Global Automotive HVAC Market between 2016 and 2020

According to new research automotive HVAC market 2016 report, the push for efficiency by the OEMs allowed the automotive industry to shift from manual HVAC systems to automatic HVAC systems in the recent past. Hence, automatic HVAC systems dominated the automotive HVAC market in 2015, and they are expected to consolidate their position during the forecast period. Additionally, there are developments going into automatic HVAC segments that may be crucial drivers for the automotive HVAC market during the forecast period.

Covered in this report

This analysts forecast the global automotive HVAC market to grow at a CAGR of 8.81% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global automotive HVAC market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of HVAC in vehicles across all regions.

Currently, automotive HVAC market is at maturity stage, hence its adoption is mostly limited to new vehicles production. However, development in technology of automotive HVAC, and evolution in components (such as materials and refrigerants) is keeping the market competitive, further pushing market demand for HVAC systems. The luxury vehicle segment is witnessing developments to integrate HVAC with safety system like ADAS. We expect these developments to be crucial for the HVAC market to pave its way into autonomous vehicles.

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The report, Global Automotive HVAC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Denso

MAHLE

Valeo

Hanon Systems

Other prominent vendors

Denso

MAHLE

Valeo

Hanon Systems

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The report, Global Automotive HVAC Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Further, the report states that HVAC systems are developed to cater to the needs for reduced humidity, ventilation, and controlled temperature. They are being developed to increase the ease and functionality of enhanced driving comfort. They are thus made available with increased features and functionalities, thereby delivering the capability for faster and efficient heating and cooling processes. Additionally, this equipment can provide pollution-free air flow at a preferred temperature with reduced energy consumption. Effective installation of these air conditioners also involves several alterations in the entire wiring of the automobile.

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