Automotive AC Compressor Market (By Type: Rotary Vane, Swash Plate, Scroll; By Vehicle Type: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

The global automotive AC compressor market size is expected to reach around US$ 37 Bn by 2027, growing at a CAGR of around 3% during the forecast period 2020 to 2027.

A significant aspect of the HVAC system is the automotive AC compressor. In all vehicle classes and in all countries, HVAC systems are generally used despite of environmental conditions. The AC compressor is used to drive the AC unit to keep R134a running properly. The AC compressor worked in a steady start period. The normal AC compressor is operated by a V-belt and pulley motor.

The report provides analysis of global Automotive AC Compressor market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Dynamics

The worldwide increase in the production and selling of cars is driving the global automotive AC compressor industry. In all types of vehicles, including cars, heavy commercial vehicles and light commercial vehicles, AC systems have now become a critical part. Growing demand for automotive air conditioning owing to customers in vehicle comfort also contribute to the market growth. The pattern for the aftermarket integration of AC systems in a vehicle is observed in recent years in the emerging economies of the Asia Pacific and Middle East regions contributing significantly in the market growth. The rising number of on-road vehicles worldwide and a growing consumer expections for comfort in economic cars would propel the automotive compressor industry in near future.

In order to ensure the steady growth of global automotive AC compressor markets over the forecast timeframe, maintenance issues, technological restrictions and high prices of luxurious vehicles should not go unnecessarily towards high pricing.

Regional Stance

Asia-Pacific demand for automotive air conditioner compressors is projected to continue to be the largest in the coming years, due to increasing vehicle sales in emerging economies, including China and India. In addition, these countries have improving infrastructure and expanded disposable income to support the development of the Asia-Pacific automotive compressor air conditioner industry.

Latin America's AC compressor market is projected to expand at a substantial rate of growth due to increasing vehicle demand in the area. The key driver of the region’s demand is large investments by OEMs and governments of the country that improve vehicle production.  Economic growth in Brazil and Mexico is expected to fuel demand for automotive AC compressors in the area due to growing demand for comfort and convenience driving. Europe is also popular markets for automotive AC compressors because they are inundated with a number of automotive industries.

Report coverage

The market research study on “Automotive AC Compressor Market (Automotive AC Compressor Market By Type: Rotary Vane, Swash Plate, Scroll; Automotive AC Compressor Market By Vehicle Type: Commercial Vehicles, Passenger Cars) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive AC Compressor market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automotive AC Compressor market size, and segment markets by type, vehicle type, and geography along with the information on companies operating in the market. The Automotive AC Compressor market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Automotive AC Compressor market is segmented as below:

Market Segmentation

Automotive AC Compressor Market By Type

• Rotary Vane
• Swash Plate
• Scroll

Automotive AC Compressor Market By Vehicle Type

• Commercial Vehicles
• Passenger Cars

Automotive AC Compressor Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such as TD Automotive Compressor, Toyota Industries, Gardner Denver, SANDEN USA, Robert Bosch GmbH,  Michigan Automotive Compressor Inc., Denso Auto, General Auto, Others.

New market participants have an opportunity to introduce more effective AC compressor solutions at affordable rates on a technical basis. The key trend seen by global players is the continuous growth of the AC compressor architecture to reduce its size.