Global Passenger Vehicle HVAC Market Share Is Likely To Reach At A CAGR Value Of Around 9% By 2026

03-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Passenger Vehicle HVAC Market By Type (Manual and Automatic) and By Application (SUV, Sedan, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Passenger Vehicle HVAC market in 2019 was approximately USD 10,045 Million. The market is expected to grow at a CAGR of 9% and is anticipated to reach around USD 17,745 Million by 2026.

Passenger Vehicle HVAC Market Size

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HVAC stands for heating ventilation and air conditioning. It cools, cleans, regulates heat, dehumidifies, and ventilates the air entering the cabin. All this depends on electronic sensors as well as on the inputs of the operator. Passenger Vehicle HVAC systems monitor several cabin air parameters such as temperature and humidity set by driver or system specifications. The types of passenger vehicle HVAC are manual and automatic. This HVAC is used in cars such as SUVs, sedans, and many more.

Browse the full “Passenger Vehicle HVAC Market By Type (Manual and Automatic) and By Application (SUV, Sedan, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/passenger-vehicle-hvac-market-by-type-manual-and

The demand for HVAC systems is increasing as they are used to provide cooling and heating services to a passenger vehicle. In addition, these systems inspect the moisture content in the air, control the air temperature, as well as eliminate excessive humidity from the circulating air. These factors have augmented the target market growth.

However, the utilization of HVAC systems contributes to polluting the environment. This factor is anticipated to hamper the target market growth over the forecast period. Nevertheless, increasing popularity for automatic HVAC systems in developed economies is anticipated to create lucrative growth opportunities over the forecast period.

In terms of type, the target market is categorized as manual and automatic. Among these, the automatic category is anticipated to be the dominating one. These HVAC systems help to maintain humidity temperature in the car. In addition, the systems deliver an individual feel-good climate for the occupiers.

In terms of application, the target market is categorized as SUV, sedan, and others. Among these categories, the demand for sedans is growing vigorously. Individuals are majorly using cabs such as Uber, Lyft, Hailo, OLA services.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is expected to dominate the target market. India is one of the fastest-growing markets for the taxi/cab business services. In addition, there is a rise in promotional activities conducted by taxi operators.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 10,045 Million

Projected Market Size in 2026

USD 17,745 Million

CAGR Growth Rate

9% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

Hanon Systems, Denso, Valeo, MAHLE Behr, Sanden, Calsonic Kansei, SONGZ Automobile, Keihin, Air International Thermal Systems, Xiezhong International, and others.

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Some of the key players operating in the target market are Hanon Systems, Denso, Valeo, MAHLE Behr, Sanden, Calsonic Kansei, SONGZ Automobile, Keihin, Air International Thermal Systems, Xiezhong International, and others.

This report segments the Passenger Vehicle HVAC Market as follows:

Global Passenger Vehicle HVAC Market: By Type Segmentation Analysis

  • Manual
  • Automatic

Global Passenger Vehicle HVAC Market: By Application Segmentation Analysis

  • SUV
  • Sedan
  • Others

Global Passenger Vehicle HVAC Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

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