Automotive Air Conditioners Market by Technology, Components, Vehicle Type, Distribution Channel

Description

List of Tables

[192 Pages Report] The Automotive Air Conditioners Market size was estimated at USD 24.26 billion in 2023 and expected to reach USD 25.81 billion in 2024, at a CAGR 6.52% to reach USD 37.77 billion by 2030.

Automotive air conditioners are systems installed in vehicles to regulate the internal temperature and comfort passengers. This system cools and dehumidifies the air inside the vehicle. It comprises components such as a compressor, condenser, evaporator, and expansion valve. The air conditioner's primary function is to remove hot air from the vehicle's interior and replace it with cooler air by cycling refrigerant through its system. This helps maintain a comfortable vehicle environment, especially in warm weather conditions. The automotive air conditioning market is growing substantially, propelled by the rising production and sales of passenger vehicles. This trend is further propelled by significant investments and supportive initiatives focusing on adopting electric vehicles. However, the automotive air conditioner market faces significant growth constraints due to the volatility in the costs of essential raw materials required for production. These fluctuations can lead to unpredictable manufacturing expenses, affecting the overall stability and profitability of businesses within the sector. Advancements in automotive air conditioner designs and functionality are reshaping industry growth prospects. Modern systems focus on enhancing energy efficiency and reducing environmental impact, leveraging technology such as improved refrigerants and variable-speed compressors. Smart climate control technologies adapt to individual preferences and external weather conditions, elevating user comfort and operational effectiveness.

KEY MARKET STATISTICS
Base Year [2023]	USD 24.26 billion
Estimated Year [2024]	USD 25.81 billion
Forecast Year [2030]	USD 37.77 billion
CAGR (%)	6.52%

Regional Insights

The automotive air conditioner market in the Americas, particularly in the United States and Canada, is growing with high penetration in personal and commercial vehicles. The market is further characterized by a high demand for comfort in vehicles, driven by the substantial distances typically traveled and variable climatic conditions across the continent. Innovations in this region focus on enhancing energy efficiency and integrating air conditioning systems with other in-car systems for improved user comfort and convenience. The Asia Pacific geothermal power & heat pump market is growing, fueled by increasing vehicle production and sales in countries, including China, India, and Southeast Asia. Factors such as growing disposable incomes and increasing vehicle comfort awareness drive this region's demand for automotive air conditioning systems. In addition, the hot and humid climate in many parts of Asia necessitates adopting effective vehicle cooling solutions. In the EMEA region, particularly in Europe, there is a strong demand for automotive air conditioners due to stringent regulations regarding vehicle emissions and energy use, pushing advancements in eco-friendly air conditioning technologies. The Middle East, owing to its hot climate, requires highly efficient vehicle cooling systems, making this a critical market for air conditioner manufacturers. Africa showcases potential for growth as vehicle sales and manufacturing in countries such as South Africa continue to rise.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Air Conditioners Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Significant growth in production and sales of passenger vehicles
- Supportive investments and initiatives for electric vehicles

Market Restraints
- Fluctuating costs of raw materials required for manufacturing automotive air conditioners

Market Opportunities
- Design and operational advancements in air conditioners
- Emerging penetration of air conditioners in heavy-duty commercial vehicles

Market Challenges
- Maintenance and installation challenges associated with automotive air conditioners

Market Segmentation Analysis
- Technology: Increasing use of automatic climate control systems for enhanced comfort and convenience
- Distribution Channel: Widening demand for original equipment manufacturers (OEMs) due to their integral role in the vehicle assembly process

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Air Conditioners Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Air Conditioners Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

DENSO CORPORATION Launched 'Everycool', A Cooling System For Commercial Vehicles

DENSO CORPORATION launched "Everycool," a cooling system designed to enhance comfort and energy efficiency in commercial vehicles, even with the engine turned off. This innovative product is expected to be distributed in Japan via DENSO SOLUTION CORPORATION. "Everycool" aims to provide an eco-friendly solution by reducing idle times, thus contributing to decreased fuel consumption and emissions. [Published On: 2023-09-11]

UPS Agrees to Equip Delivery Fleet with Air Conditioning, Prioritizing High-Temperature Areas

UPS agreed to retrofit its delivery vehicles with air conditioning units. This initiative, propelled by strong advocacy from employees and unions, will initially target vehicles in the most thermally challenging regions, with plans to progressively extend the upgrade across the entire fleet. [Published On: 2023-06-13]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Air Conditioners Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Air Conditioners Market, highlighting leading vendors and their innovative profiles. These include Air International Thermal Systems, Inc., BorgWarner Inc., Classic Auto Air, ContiTech Deutschland GmbH, DENSO Corporation, Eberspacher Gruppe GmbH & Co. KG, Hanon Systems, HELLA GmbH & Co. KGaA, Hyundai Motor Company, Mahle GmbH, Mitsubishi Heavy Industries, Ltd., Old Air Products, Preh GmbH, Sanden Corporation, Songz Automobile Air Conditioning Co., Ltd., Subros Limited, Toyota Industries Corporation, Trans ACNR, Valeo Thermal Commercial Vehicles Germany GmbH, and Webasto Thermo & Comfort SE.

Market Segmentation & Coverage

This research report categorizes the Automotive Air Conditioners Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Automatic Climate Control Systems
- Manual Air Conditioning Systems

Components
- Compressors
- Condensers
- Evaporators

Vehicle Type
- Commercial Vehicles
- Passenger Vehicles

Distribution Channel
- Aftermarket
- Original Equipment Manufacturer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-CD5A9334D004

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant growth in production and sales of passenger vehicles
  - 5.1.1.2. Supportive investments and initiatives for electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating costs of raw materials required for manufacturing automotive air conditioners
- 5.1.3. Opportunities
  - 5.1.3.1. Design and operational advancements in air conditioners
  - 5.1.3.2. Emerging penetration of air conditioners in heavy-duty commercial vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Maintenance and installation challenges associated with automotive air conditioners
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Increasing use of automatic climate control systems for enhanced comfort and convenience
- 5.2.2. Distribution Channel: Widening demand for original equipment manufacturers (OEMs) due to their integral role in the vehicle assembly process
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Air Conditioners Market, by Technology

6.1. Introduction
6.2. Automatic Climate Control Systems
6.3. Manual Air Conditioning Systems

7. Automotive Air Conditioners Market, by Components

7.1. Introduction
7.2. Compressors
7.3. Condensers
7.4. Evaporators

8. Automotive Air Conditioners Market, by Vehicle Type

8.1. Introduction
8.2. Commercial Vehicles
8.3. Passenger Vehicles

9. Automotive Air Conditioners Market, by Distribution Channel

9.1. Introduction
9.2. Aftermarket
9.3. Original Equipment Manufacturer

10. Americas Automotive Air Conditioners Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Air Conditioners Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Air Conditioners Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. DENSO CORPORATION Launched 'Everycool', A Cooling System For Commercial Vehicles
- 13.3.2. UPS Agrees to Equip Delivery Fleet with Air Conditioning, Prioritizing High-Temperature Areas
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio