Automotive Heating, Ventilation and Air Conditioning Market Trends, Sector Overview and Forecast to 2028
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Report Overview
The automotive heating, ventilation, and air-conditioning (HVAC) market size was 91 million units in 2023. The market will grow at a CAGR of more than 1% during 2023-2028. The increasing need for thermal systems and automated climate control makes it necessary for cars to incorporate cutting-edge HVAC technologies. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Outlook, 2023-2028 (Million Units)
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The automotive heating, ventilation, and air-conditioning (HVAC) market research report provides a comprehensive overview of the automotive HVAC market trends and drivers. The automotive HVAC market report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across, regions, countries, and top applicants.
Market Size (2023) | 91 million units |
CAGR (2023-2028) | >1% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Mahle, Denso, Valeo, Visteon, and Hyundai Mobis |
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Trends
The key trends shaping the automotive HVAC market are the growing importance of energy efficiency in HVAC systems, and transitioning to heat pump technology and electrification.
Energy Efficiency in Heating, Ventilation, and Air-Conditioning HVAC Systems: Energy efficiency in HVAC systems is becoming more and more important to minimize environmental impact, cut operating costs, and consume less energy. This trend involves the use of renewable energy sources, such as solar and geothermal energy, to power HVAC systems in addition to the adoption of energy-efficient parts, such as high-efficiency motors, variable-speed compressors, and sophisticated control algorithms.
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive heating, ventilation, and air-conditioning (HVAC) market are Asia-Pacific, Europe, North America, South America, and MEA. The increased need for improved comfort and convenience in automobiles is driving the demand for automotive HVAC systems in Asia-Pacific. Due to the strong demand for automobiles in nations like China, India, and Southeast Asian nations, the Asia-Pacific region is anticipated to have the greatest market for car HVAC systems.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Analysis by Regions, 2023 (%)
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market – Competitive Landscape
Mahle accounted for the highest market share in 2022
A few of the top companies operating in the market are:
- Mahle
- Denso
- Valeo
- Visteon
- Hyundai Mobis
Mahle’s HVAC modules are custom-built to meet the requirements specified by automakers. Among our main development goals are constant efficiency gains, weight and pressure loss reductions, and additional acoustic optimization.
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market Analysis by Companies, 2022 (%)
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Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Market – Latest Developments
A few of the latest developments in the automotive heating, ventilation, and air-conditioning (HVAC) market are as follows:
- 4th October 2023: South Korean automotive thermal and energy management solutions supplier Hanon Systems will open its fourth factory in Loudon County, Tennessee. The new plant intends to provide automakers in North America with its thermal products.
- 28th February 2023: Ford is experimenting with panel heating in electrified vans. Ford of Europe engineers discovered that instead of using HVAC, heating surfaces in EVs, such as mats and door panels, help extend the range.
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Segments Covered in this Report
Automotive Heating, Ventilation, and Air-Conditioning (HVAC) Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
This report combines multiple data sources to provide a comprehensive overview of the global Heating Ventilation and Air conditioning systems sector. It includes an analysis of the following:
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–28, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size and regional growth drivers.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies’ recent product innovations and key strategic initiatives.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Table of Contents
Frequently asked questions
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What was the automotive heating, ventilation, and air-conditioning (HVAC) market size in 2023?
The automotive heating, ventilation, and air-conditioning (HVAC) market size was 91 million units in 2023.
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What will the automotive heating, ventilation, and air-conditioning (HVAC) market growth rate be during the forecast period?
The automotive heating, ventilation, and air-conditioning (HVAC) market will grow at a CAGR of more than 1% during 2023-2028.
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Which was the leading region in the automotive HVAC market in 2023?
Asia-Pacific was leading the automotive HVAC market in 2023.
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Which are the key companies in the automotive heating, ventilation, and air-conditioning (HVAC) market?
The key companies operating in the automotive HVAC market are Mahle, Denso, Valeo, Visteon, and Hyundai Mobis.
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