Automotive HVAC Market Size

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. In the year 2025, the industry size of automotive HVAC is assessed at USD 60.6 billion.
 

The growth of the market can be attributed to the growing demand for automobiles, along with rising need for comfortable and well-ventilated vehicles. In 2020, more than 75 million cars were produced around the world. With the expansion of area of cities, people are spending more time in their vehicles for commuting to their work place, which is also one of the major factors pushing the sales of personal vehicles. Moreover, increasing preference for personal transport, instead of, public transport, is also contributing to the rise in sales of personal vehicles worldwide. With the increasing sales of vehicles and the growing focus on passenger safety and comfort, the demand for HVAC systems in vehicles is anticipated to increase significantly, and in turn drive the market growth.