Automotive HVAC Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Automotive HVAC Market Size accounted for USD 51,478 Million in 2021 and is estimated to achieve a market size of USD 86,075 Million by 2030 growing at a CAGR of 6.1% from 2022 to 2030. The development of creative, eco-friendly, and eco-accommodating HVAC arrangements, combined with rising global demand for passenger vehicles, is driving the automotive HVAC market growth. Rising disposable income and a growing proclivity for increasingly extravagant and pleasurable travel are expected to fuel the growth of the automotive HVAC market value.

Automotive HVAC Market Report Key Highlights

• Global automotive HVAC market revenue is estimated to expand by USD 86,075 million by 2030, with a 6.1% CAGR from 2022 to 2030.
• Asia-Pacific automotive HVAC market share accounted for over 44.8% shares in 2021
• North America automotive HVAC market growth will monitor fastest CAGR from 2022 to 2030
• Based on vehicle type, passenger vehicles segment accounted for over 60% of the overall market share in 2021
• Among technology, automatic category engaged more than 64.2% of the total market share
• Growth in electric vehicle market sales, drives the automotive HVAC market size

The heating, ventilation, and air conditioning (HVAC) technology in a car are used to regulate the interior temperature. It consists of three subsystems: heating, cooling, as well as air conditioning, which work together to provide filtered air to the car cabin, ensuring a thermal environment for drivers and passengers. It maintains the temperature of the air, checks the moisture content of the air, and removes excess humidity from the air flowing. The expanding demand for autonomous control features, combined with increased knowledge about the usage of eco-friendly refrigeration systems in HVAC systems, has increased demand for automotive HVAC systems.

Global Automotive HVAC Market Dynamics

Market Drivers

• Rising need for comfort and safety as a result of HVAC system adoption
• Increase in automobile production
• Increased demand for automotive heating systems and automatic temperature control features
• Rising demand for luxury automobiles

Market Restraints

• High maintenance costs
• Discomfort caused by excessive noise

Market Opportunities

• Expansion in electric vehicle market sales
• Adoption of environmentally friendly HVAC systems in vehicles

Automotive HVAC Market Report Coverage

In the current situation, an automotive HVAC unit has turned into a fundamental piece of passenger vehicles, offering solace includes that impacts buyer purchasing conduct. Rising concerns with respect to a dangerous atmospheric deviation are prompting increment in temperature levels, which thusly is bringing about an expanded need for improved inside condition and solace. Technical developments and significant needs in research and development activities are prompting the advancement of eco-friendly and eco-accommodating HVAC units combined with creative plans to bring down the load and size of frameworks for better flexibility.

The spiraling need for private vehicles inferable from prospering vehicle rental industry and the rising normal time spent on vehicles is relied upon to support the development of the market. Furthermore, reasonable automotive fund plots and expanding inclination to utilize private vehicles instead of open transport can likewise support the development of the automotive HVAC showcase. The Asia-Pacific is foreseen to rule the worldwide market all through the conjecture skyline attributable to the nearness of key automotive producers combined with a more extensive purchaser base boosting vehicle requests. Rising worries about the natural impacts of refrigerants and high upkeep expenses can obstruct the development of the automotive HVAC market trend.

Automotive HVAC Market Segmentation       

The worldwide automotive HVAC market segmentation is based on the vehicle type, technology, and geography.

Automotive HVAC Market By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

According to the automotive HVAC industry analysis, the passenger vehicle segment will hold a significant market share in 2021. This expansion is due to factors such as rising demand for automobiles in developing countries, rapid growth in electric vehicles, and tough climate-control rules enacted by governments in the United States and Europe. Rising discretionary income and the accessibility of various funding options are expected to drive market expansion over the projected timeframe.

Automotive HVAC Market By Technology

• Automatic
• Manual

According to the automotive HVAC market forecast, the automated segment is predicted to increase significantly in the market over the next few years. One of the primary elements driving the sector is the increased need for high-cabin luxury and ease of use. demand. Temperature and moisture sensors must be installed inside the car cabin to regulate the temperature based on the needs of the passengers.

Automotive HVAC Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

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

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)