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Automotive HVAC Market Trends

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Report ID: 3368
Published Date: Aug 29, 2024
Report Format: PDF, PPT

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Automotive HVAC Market Trends

Growth Drivers

Rising Sale of Passenger Cars
Growing Demand for Comfortable Ventilation in Cars

Challenges

Rising Adoption of Public Transport Owing to Climate Awareness amongst People

Automotive HVAC Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.8%
Base Year Market Size (2023)	USD 53.64 billion
Forecast Year Market Size (2036)	USD 126.16 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Automotive HVAC Market Size & Share, Forecast Report 2036

Author Credits: Saima Khursheed

Report ID: 3368
Published Date: Aug 29, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of automotive HVAC is evaluated at USD 56.56 billion.

Automotive HVAC Market size was valued at USD 53.64 billion in 2023 and is expected to exceed USD 126.16 billion by 2036, registering over 6.8% CAGR during the forecast period i.e., between 2024-2036. Growing demand for comfort as a priority in vehicles will boost the market growth.

Asia Pacific is poised to hold largest revenue share by 2036, 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.

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