02.07.2022 04:05

Automotive HVAC Compressor Market: 4.79% Y-O-Y Growth Rate in 2021 | Market Size by Application Growth Potential, Geography, COVID-19 Impact Analysis, Price Trends, Competitive Market Share & Fore...

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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. 

Technavio has announced its latest market research report titled Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market by Application and Geography - Forecast and Analysis 2021-2025

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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.

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Automotive HVAC Compressor Market 2021-2025: Segmentation

  • Application
    • Passenger Cars
    • LCVs
    • MCVs And HCVs

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.
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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.

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Automotive HVAC Compressor Market 2021-2025: Scope

Our market report covers the following areas:

Automotive HVAC Compressor Market 2021-2025: Vendor Analysis

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.

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Report

Automotive HVAC Compressor Market 2021-2025: Key Highlights

  • 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

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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 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 15: Application - Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Passenger cars - Market size and forecast 2020-2025
    • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 (million units)
    • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
  • 5.4 LCVs - Market size and forecast 2020-2025
    • Exhibit 19: LCVs - Market size and forecast 2020-2025 (million units)
    • Exhibit 20: LCVs - Year-over-year growth 2020-2025 (%)
  • 5.5 MCVs and HCVs - Market size and forecast 2020-2025
    • Exhibit 21: MCVs and HCVs - Market size and forecast 2020-2025 (million units)
    • Exhibit 22: MCVs and HCVs - Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 23: Market opportunity by Application

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 25: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 26: Geographic comparison
  • 7.3 APAC - Market size and forecast 2020-2025
    • Exhibit 27: APAC - Market size and forecast 2020-2025 (million units)
    • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 29: Europe - Market size and forecast 2020-2025 (million units)
    • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 North America - Market size and forecast 2020-2025
    • Exhibit 31: North America - Market size and forecast 2020-2025 (million units)
    • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 33: South America - Market size and forecast 2020-2025 (million units)
    • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 35: MEA - Market size and forecast 2020-2025 (million units)
    • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 37: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 38: Market opportunity by geography (million units)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 39: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 40: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 41: Landscape disruption
    • Exhibit 42: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 43: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 44: Market positioning of vendors
  • 10.3 DENSO Corp.
  • 10.4 ESTRA Automotive Systems Co. Ltd.
    • Exhibit 49: ESTRA Automotive Systems Co. Ltd. - Overview
    • Exhibit 50: ESTRA Automotive Systems Co. Ltd. - Product and service
    • Exhibit 51: ESTRA Automotive Systems Co. Ltd. - Key offerings
  • 10.5 Hanon Systems
    • Exhibit 52: Hanon Systems - Overview
    • Exhibit 53: Hanon Systems - Business segments
    • Exhibit 54: Hanon Systems - Key news
    • Exhibit 55: Hanon Systems - Key offerings
    • Exhibit 56: Hanon Systems - Segment focus
  • 10.6 HELLA GmbH and Co. KGaA
    • Exhibit 57: HELLA GmbH and Co. KGaA - Overview
    • Exhibit 58: HELLA GmbH and Co. KGaA - Business segments
    • Exhibit 59: HELLA GmbH and Co. KGaA - Key news
    • Exhibit 60: HELLA GmbH and Co. KGaA - Key offerings
    • Exhibit 61: HELLA GmbH and Co. KGaA - Segment focus
  • 10.7 MAHLE GmbH
    • Exhibit 62: MAHLE GmbH - Overview
    • Exhibit 63: MAHLE GmbH - Business segments
    • Exhibit 64: MAHLE GmbH - Key news
    • Exhibit 65: MAHLE GmbH - Key offerings
    • Exhibit 66: MAHLE GmbH - Segment focus
  • 10.8 Marelli Holdings Co. Ltd.
    • Exhibit 67: Marelli Holdings Co. Ltd. - Overview
    • Exhibit 68: Marelli Holdings Co. Ltd. - Product and service
    • Exhibit 69: Marelli Holdings Co. Ltd. - Key news
    • Exhibit 70: Marelli Holdings Co. Ltd. - Key offerings
  • 10.9 Mitsubishi Heavy Industries Ltd.
    • 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.

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