The
Global Auto Air
Condition Systems Market is
expected to display higher growth rate in the upcoming years due to the rising
sales of vehicles across the globe, and robust growth of automotive industry,
particularly in the Asia pacific and North America region. Growing
manufacturing activities in India and China, owing to the rising demand for
luxury and passenger vehicle are expected to drive the growth of the market
over the forecast period. Increasing per capita income and improved living
standards, has led to the soaring demand for advanced air condition systems in
automobiles, thus propelling the growth of auto air condition systems market
over the forecast period.
Stringent
laws & regulations associated with carbon emission level by European Union,
has forced vehicle manufacturers to develop eco-friendly auto air conditioning
systems. Integration of auto air condition systems in the off road vehicles
sector is expected to favor the growth of auto air condition systems market.
Commercial automobile sector that include heavy trucks and light commercial
vehicles are currently adopting auto air condition systems, which has led to
incremental growth, particularly in the Asia Pacific region over the forecast
period.
Use
of auto air condition systems in cabin tractors is major contributing factor to
the market advancements. Increasing preference towards automated air condition
systems over manual air condition systems among end-users is further
strengthening market growth to a certain extent. Inclination towards high-end
models of the economical hatchbacks and sedans is anticipated to fuel the
market demand for auto air condition systems over the coming years. Substantial
focus by manufacturers to decrease emissions to a significant extent is driving
industry progress as well.
Based
on the technology, the auto air condition system market is separated into
semi-automated and fully automated air condition systems. Demand for fully
automated air condition systems is on the rise due to availability of low cost
solutions. The auto air condition system market is also divided as per type of
component used such as compressors, evaporators, receiver, and condenser. Based
on the vehicle type, the market is also categorized into five key segments such
as passenger vehicle, light-weight vehicle, heavy commercial vehicle,
off-highway vehicle and locomotives.
The
Asia Pacific region is led by countries including India, China, Japan and South
Korea, due to the increasing manufacturing activities and rapid advancement in
the automotive sector. Rising sales of luxury cars and passenger vehicles is
another major contributing factor, leading to robust market growth. Integration
of Euro 6 level emission levels by India and Japan to curb air pollution is
further bolstering industry expansion over the past few years.
U.S.,
Canada, and Mexico are dominating North America region by supporting
technological advancement in automotive sector via several R&D activities.
European automobile manufacturers are subjected to stringent emission
regulations, which is likely to favor industry expansion in the region, in the
recent years.
The
key industry players in the auto air condition systems market include Denso
Corp., Hanon Systems Co., Mitsubishi Heavy Industries Ltd., Sanden Corp., and
Robert Bosch GmbH.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Auto Air Condition Systems in these regions, from 2012
to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Auto Air Condition Systems market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Denso
•
Mahle Behr Gmbh
•
Valeo
•
Hanon System
•
Calsonic Kansei
•
Keihin
•
sandenhorudingusu
•
Subros
•
Mitsubishi Heavy Industries
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