Automotive HVAC & Cabin Comfort Systems: Market Revenue ($Billion), By Geography, 2011 2018 & Revenue Share, By Geography, 2013
The key manufacturers in automotive HVAC systems market are identified as Denso Corp. (Japan), Valeo SA (France), Behr GmbH (Germany), Halla Climate Control Corp. (Korea), Delphi Automotive (U.S.), Calsonic Kansei (Japan), Visteon Corp. (U.S.) and Sanden Corp. (U.S.). The key players in the cabin comfort systems market are Brose GmbH (Germany), Webasto (Germany), Inalfa Roof Systems BV (The Netherlands), Imasen Electric Corp. (Japan) etc. These companies collectively account for a major share of their respective markets. However, the demand for both these technologies is highly dependent on the automobile industry. The market for HVAC and cabin comfort systems is expected to grow at a healthy pace over the next five years.
Asia is expected to lead the Cabin Comfort Systems and automotive HVAC market. Pushed by the fast growing markets in China and India, this region is expected to dominate the automotive industry. The market in this region is one, where the price of a vehicle has a major impact on its demand. Consumers require high value for their money and hence manufacturers are relying on low cost systems for their vehicles produced in this region. The European and Americas regions are still recuperating from the economic turmoil. While the Americas market is pushing forward with full force, the European market is showing a slow but steady growth and is expected to reach pre-meltdown levels over the period of next five years.
The major factors driving the demand for these technologies in automotive HVAC systems market are the increasing requirement of comfort, fuel efficiency and growing adoption of luxury vehicles. The fuel efficiency of a vehicle is directly linked to HVAC system equipped in it as it draws the power from the engine. Lighter and efficient the HVAC system, higher is the increase in fuel economy of the vehicle. Most of the luxury vehicles come equipped with automatic HVAC systems, power windows, power and heated seats as a standard and the increase in sales of these vehicles leaves a positive impact on the cabin comfort systems market.
|Design and Development of Automotive HVAC Systems|