NEW YORK, July 1, 2022 /PRNewswire/ -- The Automotive HVAC Compressor Market is segmented by Geography (APAC, Europe, North America, South America, and MEA). 55% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive heating, ventilation, and air conditioning (HVAC) compressor market in APAC. Market growth in this region will be faster than the growth of the European and Middle East African markets. The increasing penetration rate of HVAC systems in the commercial vehicles segment will facilitate the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth in APAC over the forecast period.
The Automotive HVAC Compressor Market value is set to grow by 33.23 million units, progressing at a CAGR of 7.49% from 2020 to 2025, as per the latest report by Technavio.
Automotive HVAC Compressor Market 2021-2025: Increasing Adoption of Automotive HVAC Electric Compressors to Drive the Market Growth
An automotive HVAC compressor is generally powered by a drive belt which increases the engine load resulting in increased fuel consumption and exhaust gas emissions. To overcome this drawback, automotive HVAC compressor manufacturers developed compressors that are powered independently by a motor without the need for an automotive engine to be switched on. The built-in motor in the automotive HVAC electric compressor powers it without the need for an engine to be switched on. Therefore, automotive HVAC electric compressors use electric heaters or heat pumps, which are powered by vehicle batteries to generate heat. Moreover, HVAC electric compressors are produced in lower volumes than belt-driven HVAC compressors. Therefore, the increased production cost is pushed to automotive HVAC manufacturers and vehicle manufacturers, resulting in increased revenue for automotive HVAC compressor manufacturers. Therefore, the increasing adoption of automotive HVAC electric compressors is expected to drive the global automotive HVAC compressor market in terms of revenue during the forecast period.
For more insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies ? Download Sample Report
Gain further insights on the market contribution of various segments. Look out for more information on market dynamics scenario, demand & supply forces, product offerings, financial information, and SWOT analysis. All at affordable Plans
Automotive HVAC Compressor Market 2021-2025: Vehicle Recalls Due to Potential HVAC Compressor Failure will Challenge the Market Growth
Defective products or potential failures of systems in vehicles result in product recall by vehicle manufacturers. Earlier, vehicle manufacturers had to bear the complete cost of a product recall. However, the improvement in vendor relationships and collaborative work with suppliers across the upstream of the value chain have encouraged suppliers and manufacturers to share the recall cost. Although this has reduced the cost burden on vehicle manufacturers, tier-1 suppliers, and other stakeholders in the value chain, it is still adding a certain cost for these stakeholders, thereby leading to a reduced profit margin. Therefore, vehicle recalls due to defective products or potential system failures constitute a challenge for all the stakeholders related to the products.
To Unlock & Uncover more insights on latest market drivers, trends, and challenges ? View Sample Report
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
DENSO Corp.
ESTRA Automotive Systems Co. Ltd.
Hanon Systems
HELLA GmbH and Co. KGaA
MAHLE GmbH
Marelli Holdings Co. Ltd.
Mitsubishi Heavy Industries Ltd.
Subros Ltd.
Toyota Industries Corp.
Valeo SA
The automotive heating, ventilation, and air conditioning (HVAC) compressor market is fragmented and the vendors are deploying growth strategies such as investing in R&D to introduce better products into the market and expand their customer base to compete in the market.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist automotive HVAC compressor market growth during the next five years
Estimation of the automotive HVAC compressor market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive HVAC compressor market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive HVAC compressor market vendors
Related Reports
HVAC Services Market by End-user and Geography - Forecast and Analysis 2021-2025: The HVAC services market share is expected to increase by USD 20.75 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.68%. The HVAC services market is fragmented and the vendors are deploying growth strategies such as expanding the product portfolio to compete in the market. Find More Key Market Data Here
Automotive Refrigerant Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026: The automotive refrigerant market share is expected to surge by 486.36 thousand units by 2026 at a progressive CAGR of 5.57%. Key companies like - AGC Inc. offers an HFC type of refrigerant named Asahiklin AK 134a with a high level of stability, primarily used in applications such as automobile air conditioners and centrifugal refrigerators. Find More Key Market Data Here
Automotive HVAC Compressor Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 7.49%
Market growth 2021-2025
33.23 mn units
Market structure
Fragmented
YoY growth (%)
4.79
Regional analysis
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 55%
Key consumer countries
China, US, Japan, Germany, and India
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
DENSO Corp., ESTRA Automotive Systems Co. Ltd., Hanon Systems, HELLA GmbH and Co. KGaA, MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Subros Ltd., Toyota Industries Corp., and Valeo SA
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Automotive components and accessories
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 (million units)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
Exhibit 71: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 72: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 73: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 74: Mitsubishi Heavy Industries Ltd. - Segment focus
10.10 Subros Ltd.
Exhibit 75: Subros Ltd. - Overview
Exhibit 76: Subros Ltd. - Business segments
Exhibit 77: Subros Ltd. - Key offerings
10.11 Toyota Industries Corp.
Exhibit 78: Toyota Industries Corp. - Overview
Exhibit 79: Toyota Industries Corp. - Business segments
Exhibit 80: Toyota Industries Corp. - Key news
Exhibit 81: Toyota Industries Corp. - Key offerings
Exhibit 82: Toyota Industries Corp. - Segment focus
10.12 Valeo SA
Exhibit 83: Valeo SA - Overview
Exhibit 84: Valeo SA - Business segments
Exhibit 85: Valeo SA - Key news
Exhibit 86: Valeo SA - Key offerings
Exhibit 87: Valeo SA - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
11.3 Research methodology
Exhibit 89: Research Methodology
Exhibit 90: Validation techniques employed for market sizing
Exhibit 91: Information sources
11.4 List of abbreviations
Exhibit 92: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
AMC Entertainment Holdings, Inc. (the "Company," or "AMC"), today released preliminary results for the first quarter ended March 31, 2024. The preliminary results are unaudited, subject to completion of the Company's financial reporting processes,...
SolarBank Corporation (CBOE CA: SUNN) ("SolarBank" or the "Company") announces that it has partnered with TriMac Engineering of Sydney, Nova Scotia to develop a 10 MW DC community solar garden in the rural community of Enon, and three 7 MW DC...
As the final Intergovernmental Negotiating Body (INB) meeting of the World Health Organization (WHO) Pandemic Agreement approaches, the AIDS Healthcare Foundation and the AHF Global Public Health Institute are voicing significant concerns about the...
Tractor Beverage Company, one of North America's fastest-growing beverage brands and the first and only Certified Organic, non-GMO beverage company devoted to the food service industry, was named the winner of a Gold Stevie® Award in the Products in...
E-Textile Market is Segmented by Type (Passive Electronic Textiles, Active Electronic Textiles, Ultra-Electronic Textiles), by Application (Military Uses, Civil Uses, Healthcare Uses).
The Global E-Textile Market size is expected to reach USD 5238.3...
The Law Offices of Frank R. Cruz reminds investors of the upcoming April 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II...