The global Automobile Air Conditioning market was valued at 1054.49 Million USD in 2021 and will grow with a CAGR of 6.71% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The passenger car segment is expected to be the largest segment. This market is expected to show above-average growth during the forecast period due to a high production rate of the passenger car. The major growth is forecasted to be seen in the off-road vehicle`s market. Commercial vehicles, like trucks and light commercial vehicles, especially in the emerging markets, are getting equipped with air conditioning systems, providing the market with incremental growth in the forecasted period. Cabin tractors, which are set to achieve very high growth rates all over the world, will propel the growth in the air conditioning market. India is one of the biggest markets in the world for off-highway vehicles, like tractors and is anticipated to see maximum levels of growth in the air conditioning space.The major drivers of growth for this market are increasing vehicle production rate, dynamic changes in the climatic conditions and pollution level, and higher requirement of customers for comfort while vehicle driving. Emerging trends, which have a direct impact on the dynamics of the industry, include smaller and lightweight air conditioning system and new features in the functioning of the air conditioning systems.

By Market Verdors:

Calsonic Kansei

Delphi Automotive

Denso

Eberspacher

Hanon Systems

Keihin

Mahle

Mitsubishi Heavy Industries

Sanden Holdings

Trans Air Manufacturing

By Types:

Semi-Automatic/ Manual

Automatic

By Applications:

Passenger Vehicles

Commercial Vehicles

Off-Highway Vehicles

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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