Automobile Air Conditioning Market by Technology, Component, Distribution Channel, Vehicle Type

Description

List of Tables

[191 Pages Report] The Automobile Air Conditioning Market size was estimated at USD 21.48 billion in 2023 and expected to reach USD 22.85 billion in 2024, at a CAGR 6.52% to reach USD 33.44 billion by 2030.

Automobile air conditioning (AC) is a system within vehicles designed to control the interior climate, providing cooling, dehumidification, and air filtration to enhance passenger comfort. It operates by circulating refrigerant through a series of components, including the compressor, condenser, evaporator, and expansion valve, to absorb and remove heat from the vehicle's cabin. This system is crucial for maintaining a comfortable driving environment, particularly in regions with extreme temperatures. The expansion of the automotive industry, along with the increasing demand for enhanced passenger comfort, is driving the demand for automobile air conditioning. Rising disposable incomes and the growth of the automotive market, especially in developing regions, have led to greater adoption of air-conditioned vehicles. Consumers in these markets increasingly view AC as a standard feature rather than a luxury, driving demand for equipped vehicles. The rising environmental impact of traditional refrigerants used in these systems, such as hydrofluorocarbons (HFCs), which have a high global warming potential, hampers the market growth. The development and adoption of eco-friendly refrigerants, such as hydrofluoroolefins (HFOs), present a major opportunity for reducing the environmental impact of automotive air conditioning. These refrigerants have a much lower global warming potential and are being increasingly mandated by environmental regulations worldwide. Furthermore, the growing market for electric vehicles (EVs) presents substantial opportunities for innovation in automobile AC systems. EVs have unique cooling and heating requirements, and there is a strong demand for AC systems that minimize energy consumption to maximize vehicle range.

KEY MARKET STATISTICS
Base Year [2023]	USD 21.48 billion
Estimated Year [2024]	USD 22.85 billion
Forecast Year [2030]	USD 33.44 billion
CAGR (%)	6.52%

Regional Insights

In the Americas, the automotive air conditioning (AC) market is robustly driven by consumer expectations for comfort, especially given the region's diverse climate, which ranges from extreme heat in the southern states to cold winters in the north. The regulatory environment in the Americas also encourages the development of more energy-efficient and environmentally friendly AC systems, leading to advancements in eco-friendly refrigerants and technologies. In South America, the market is growing steadily, with countries including Brazil and Mexico showing increased demand for air-conditioned vehicles due to rising disposable incomes and a hotter climate.

In the Asia-Pacific (APAC) region, the automotive AC market is experiencing significant growth, driven by rapid urbanization, increasing vehicle ownership, and a strong automotive manufacturing base in countries like China, Japan, and South Korea. China, in particular, is a major market, with its burgeoning middle class and growing preference for comfort driving the demand for air-conditioned vehicles. The hot and humid climate in many parts of APAC further bolsters this demand. Additionally, Japan and South Korea are leaders in automotive technology innovation, contributing to advancements in AC systems that are more efficient and environmentally friendly. The rise of electric vehicles (EVs) in this region also presents a significant opportunity for the development of specialized AC systems that optimize energy usage.

In the Europe, Middle East, and Africa (EMEA) region, the automotive AC market is diverse and shaped by varying climate conditions and regulatory environments. In Western Europe, countries like Germany, France, and the United Kingdom have well-established automotive industries with a strong focus on innovation and sustainability. The stringent environmental regulations in the European Union drive the adoption of low global warming potential (GWP) refrigerants and energy-efficient AC technologies. The Middle East, with its extremely hot climate, has a high demand for robust AC systems in vehicles, particularly in affluent countries like Saudi Arabia and the UAE where luxury vehicles with advanced AC systems are popular. In Africa, the market is emerging, with increasing vehicle ownership and urbanization driving the need for air-conditioned vehicles. South Africa, in particular, shows potential with its growing automotive industry and consumer awareness of comfort and technological advancements.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automobile Air Conditioning 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
- Increasing vehicle production and inclusion of high-quality air conditioning
- Focus on A/C maintenance and availability of custom aftermarket A/C systems

Market Restraints
- Environmental concerns with vehicle air conditioners

Market Opportunities
- Technological advancements in A/C systems with IoT and AI
- Growing amalgamation activities between automotive manufacturers and market vendors to develop AC systems

Market Challenges
- Operational limitations and frequent technical errors of vehicle A/C systems

Market Segmentation Analysis
- Technology: Growing usage of automatic air conditioning systems to maintain a pre-set cabin temperature
- Vehicle Type: High potential of air conditioning systems across commercial vehicles to create a pleasant work environment

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 Automobile Air Conditioning 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 Automobile Air Conditioning 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 Enhances Automobile Air Conditioning Systems for Improved Comfort and Efficiency

DENSO CORPORATION introduced Everycool, a state-of-the-art cooling system designed to provide comfort and energy efficiency in commercial vehicles when the engine is off. Everycool aims to enhance driver conditions during hot weather by fo "using coo" air directly on the driver, thereby reducing power consumption by approximately 57% versus traditional cabin-wide cooling systems. Empowered by a standard vehicle battery, the system is energy-efficient. [Published On: 2023-09-11]

Bosch Expands Independent Aftermarket Offerings with New Cabin Blowers for Auto Air Conditioning

Bosch has introduced a new series of cabin blowers for Ford and VW models, common in Europe, which operate very quietly. Manufactured to high standards with quality materials, these blowers ensure reliable and long-lasting service. Notably, even at the lowest setting, they provide sufficient airflow through the evaporator or heat exchanger, contributing to an efficient climate control system. [Published On: 2023-07-18]

UPS to Equip Delivery Vehicles with Air Conditioning for Driver Comfort and Safety

UPS Inc. has committed to installing air conditioning in its package cars as part of a new master contract with the Teamsters Union. The contract specifies that all UPS package cars feature in-cab air conditioning systems and dual fans. Additionally, newer non-electric vehicles include exhaust heat shields to enhance driver safety. All existing and future package cars are retrofitted or equipped with air induction vents in the cargo compartments to mitigate extreme heat. [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 Automobile Air Conditioning 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 Automobile Air Conditioning Market, highlighting leading vendors and their innovative profiles. These include Air International Thermal Systems, Axetris AG, CabinAir Sweden AB, Classic Retrofit, Continental AG, Denso Corporation, Dometic Group AB, Eberspacher Gruppe GmbH & Co. KG, Freudenberg Filtration Technologies GmbH & Co. KG, Hanon Systems, Keihin Corporation, Magneti Marelli S.p.A., Mahle GmbH, Mann+Hummel International GmbH & Co. KG, Mitsubishi Heavy Industries, Ltd., Modine Manufacturing Company, Renesas Electronics Corporation, Robert Bosch GmbH, Sanden Corporation, Subros Limited, Toyota Industries Corporation, Valeo SA, Vintage Air Inc., and Webasto Thermo & Comfort SE.

Market Segmentation & Coverage

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

Technology
- Automatic
- Manual

Component
- Compressor
- Condenser
- Evaporator
- Expansion Tube
- Receiver-Dryer

Distribution Channel
- Aftermarket
- Original Equipment Manufacturer

Vehicle Type
- Commercial Vehicles
- Passenger Cars

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-C002B1C997BF

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. Increasing vehicle production and inclusion of high-quality air conditioning
  - 5.1.1.2. Focus on A/C maintenance and availability of custom aftermarket A/C systems
- 5.1.2. Restraints
  - 5.1.2.1. Environmental concerns with vehicle air conditioners
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in A/C systems with IoT and AI
  - 5.1.3.2. Growing amalgamation activities between automotive manufacturers and market vendors to develop AC systems
- 5.1.4. Challenges
  - 5.1.4.1. Operational limitations and frequent technical errors of vehicle A/C systems
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing usage of automatic air conditioning systems to maintain a pre-set cabin temperature
- 5.2.2. Vehicle Type: High potential of air conditioning systems across commercial vehicles to create a pleasant work environment
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. Automobile Air Conditioning Market, by Technology

6.1. Introduction
6.2. Automatic
6.3. Manual

7. Automobile Air Conditioning Market, by Component

7.1. Introduction
7.2. Compressor
7.3. Condenser
7.4. Evaporator
7.5. Expansion Tube
7.6. Receiver-Dryer

8. Automobile Air Conditioning Market, by Distribution Channel

8.1. Introduction
8.2. Aftermarket
8.3. Original Equipment Manufacturer

9. Automobile Air Conditioning Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicles
9.3. Passenger Cars

10. Americas Automobile Air Conditioning Market

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

11. Asia-Pacific Automobile Air Conditioning 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 Automobile Air Conditioning 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 Enhances Automobile Air Conditioning Systems for Improved Comfort and Efficiency
- 13.3.2. Bosch Expands Independent Aftermarket Offerings with New Cabin Blowers for Auto Air Conditioning
- 13.3.3. UPS to Equip Delivery Vehicles with Air Conditioning for Driver Comfort and Safety
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio