Automotive Climate Control Systems Market

Global Automotive Climate Control Systems Market Size, Share & Trends Analysis Report By Technology, By Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle), By Distribution, By Component, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23344 Publication Date: July-2024 Number of Pages: 277
2023
USD 7.5 Billion
2031
USD 16.3 Billion
CAGR
10.4%
Historical Data
2020 to 2022

Market Report Description

The Global Automotive Climate Control Systems Market size is expected to reach $16.3 billion by 2031, rising at a market growth of 10.4% CAGR during the forecast period.

The rapid urbanization in major cities across Asia-Pacific has resulted in heightened traffic congestion and extended commute durations. Effective climate control systems enhance passenger comfort during these extended periods of travel. Consequently, the Asia Pacific region would acquire nearly 32.1% of the total market share by 2031. Growing awareness of environmental issues and air quality concerns has prompted governments in some Asia-Pacific countries to introduce regulations promoting the adoption of cleaner and more efficient automotive technologies, including climate control systems.

Automotive Climate Control Systems Market Size - Global Opportunities and Trends Analysis Report 2020-2031

As consumers increasingly prioritize comfort, convenience, and advanced technological features in their vehicles, the luxury vehicle segment has seen substantial growth. Affluent consumers today prioritize personalized experiences and continual engagement when purchasing luxury vehicles due to their exposure to luxury products in other retail environments. Hence, the rising demand for luxury and premium vehicles is a key factor driving the growth of the automotive climate control systems market. Additionally, Modern climate control systems can leverage AI to learn and adapt to passenger preferences over time. Another significant advantage of integrating climate control systems with smart technologies is the capability for predictive maintenance and diagnostics. Therefore, as these technologies advance, their influence on the functionality and attractiveness of automotive climate control systems is anticipated to increase, stimulating additional innovation and market adoption.

However, One of the most significant factors hampering the growth of the automotive climate control systems market is the high cost associated with these advanced systems. The high costs of advanced climate control systems mean manufacturers often face difficult decisions regarding the features they can afford to include in their vehicles. Hence, the high cost associated with advanced automotive climate control systems is a significant factor hampering the growth of this market.

Driving and Restraining Factors
Automotive Climate Control Systems Market
  • Growing demand for luxury vehicles
  • Rising integration of climate control systems with smart technologies
  • Growth in global vehicle production and sales
  • High costs of climate control systems
  • Substantial market competition in the automotive industry
  • Rapid growth of electric and hybrid vehicles
  • Rising demand for climate control systems in aftermarket
  • Maintenance and repair challenges
  • Low consumer awareness and adoption

Technology Outlook

Based on technology, the automotive climate control systems market is bifurcated into automatic and manual. The manual segment procured 33% revenue share in the automotive climate control systems market in 2023. Manual climate control systems are typically less expensive to manufacture and install than automatic systems, which appeals to consumers looking for budget-friendly vehicle options. Due to their mechanical nature, manual climate control systems are often perceived as simpler and more reliable.

Vehicle Type Outlook

On the basis of vehicle type, the automotive climate control systems market is classified into passenger vehicle, commercial vehicle, and electric vehicle. The commercial vehicle segment recorded 28.8% revenue share in the automotive climate control systems market in 2023. Increasingly stringent regulations and safety standards require commercial vehicles to provide adequate climate control for driver well-being. Compliance with these regulations drives adoption of climate control systems in commercial vehicles.

Automotive Climate Control Systems Market Share and Industry Analysis Report 2023

Distribution Outlook

By distribution, the automotive climate control systems market is divided into OEM and aftermarket. The OEM segment garnered 33% revenue share in the automotive climate control systems market in 2023. OEM climate control systems are seamlessly integrated into new vehicle models during manufacturing. Automakers prioritize including advanced climate control features to enhance vehicle comfort and appeal to consumers.

Component Outlook

Based on component, the automotive climate control systems market is segmented into control & sensor, compressor, condenser, HVAC, evaporator, and others. The control and sensor segment acquired 20.3% revenue share in the automotive climate control systems market in 2023. Sensors measure humidity levels inside the vehicle cabin, allowing the climate control system to adjust airflow and temperature settings accordingly. This helps prevent window fogging and maintains a comfortable interior environment.

Free Valuable Insights: Global Automotive Climate Control Systems Market size to reach USD 16.3 Billion by 2031

Regional Outlook

Region-wise, the automotive climate control systems market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 36% revenue share in the automotive climate control systems market in 2023. North America experiences many climates, from hot and humid summers to cold and snowy winters. Automotive climate control systems are essential for maintaining comfortable cabin temperatures year-round, enhancing driving comfort and safety. Consumers in North America prioritize vehicle comfort features, including effective heating and air conditioning systems.

Automotive Climate Control Systems Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 7.5 Billion
Market size forecast in 2031 USD 16.3 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 10.4% from 2024 to 2031
Number of Pages 277
Number of Tables 449
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Technology, Vehicle Type, Distribution, Component, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Mahle GmbH (Mahle Stiftung GmbH), Johnson Electric Holdings Limited, Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.), Denso Corporation, Mitsubishi Heavy Industries Ltd., OMEGA Environmental Technologies, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA and Hitachi, Ltd.
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List of Key Companies Profiled

  • Mahle GmbH (Mahle Stiftung GmbH)
  • Johnson Electric Holdings Limited
  • Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
  • Denso Corporation
  • Mitsubishi Heavy Industries Ltd.
  • OMEGA Environmental Technologies
  • Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
  • Valeo SA
  • Hitachi, Ltd.

Automotive Climate Control Systems Market Report Segmentation

By Technology

  • Automatic
  • Manual

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle
  • Electric Vehicle

By Distribution

  • Aftermarket
  • OEM

By Component

  • Compressor
  • Control & Sensor
  • HVAC
  • Evaporator
  • Condensor
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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