Automotive HVAC Industry - Regional Synopsis
On the basis of geographical analysis, the global automotive HVAC market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is predicted to account for largest revenue share by 2037, on the back of increasing sale of cars, backed by the growing population in the country. According to the data by India Brand Equity Foundation (IBEF), in 2019-20, the total passenger vehicles sales in India crossed 2.8 million units. Moreover, owing to the presence of major automobile manufacturers in countries, such as, Japan, India, and others, there is an increase in the demand for HVAC systems in the region. This is estimated to boost the market growth.
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Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive HVAC is assessed at USD 60.6 billion.
Automotive HVAC Market size was valued at USD 57.29 billion in 2024 and is expected to reach USD 134.74 billion by 2037, registering around 6.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is predicted to account for largest revenue share by 2037, on the back of increasing sale of cars, backed by the growing population in the country.
The major players in the market are Marelli Holdings Co., Ltd., BorgWarner Inc., Halla Climate Control Corp., MAHLE Behr GmbH & Co. KG, Robert Bosch GmbH, and others.
