Maximize Market Research's latest report, " Global Automotive Air Conditioning Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Automotive Air Conditioning Market was valued at US$ 18.85 Bn in 2020 and is expected to reach US$ 23.8 Bn by 2027, at a CAGR of 2.9% during a forecast period.
Global Automotive Air Conditioning Market Overview
The spike in demand for passenger and commercial vehicles, as well as changes in consumer tastes and government attempts to develop improved air conditioning systems, are all factors driving the growth of the automotive air conditioning market. Over the last few years, countries such as China, India, and Japan have seen a growth in the manufacture of passenger and commercial vehicles. The availability of low-cost labor in nations like India, China, and Japan has boosted manufacturing. According to the Organization for International Cooperation on Automobiles (OICA), new vehicle sales grew from 2018 to 2020. In 2018, 85.6 million vehicles were sold, compared to 93.8 million in 2019. The market will be driven by a rise in new vehicle sales, which will result in more air conditioning being installed in the vehicles. The rise of the automobile air conditioning market has been aided by a steady shift in consumer preferences. Individuals' socioeconomic conditions have stabilized over time, resulting in a gradual increase in disposable income. Consumers will be more likely to purchase modern air conditioning systems as their disposable income rises.
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Global Automotive Air Conditioning Market Major Market Players
• Denso Corporation
• Hanon Systems
• Sanden Holding Corporation
• Mitsubishi Heavy Industries Ltd
• MAHLE GmbH
• Valeo SA
• Keihin Corporation
• Calsonic Kansei Corporation
• Samvardhana Motherson Group
• Subros Limited
• SMAC Auto Air
• TransAir Manufacturing
• Eberspacher Group
• Marelli Corporation
• Johnson Electric Holdings Ltd.
• Japan Climate Systems Corporation
• Yorozu America Corporation
• Gardner Denver
• General Auto
• Toyota Industries
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Automotive Air Conditioning Market by Types and Applications:
The report has covered the market size by country (regions) for the global Automotive Air Conditioning market. Segment by Application. The Automotive Air Conditioning Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Automotive Air Conditioning Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Automotive Air Conditioning Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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