Europe Automotive Climate Control Systems Market

Europe 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 Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23346 Publication Date: July-2024 Number of Pages: 127
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Market Report Description

The Europe Automotive Climate Control Systems Market would witness market growth 10.2% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Automotive Climate Control Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $901.5 million by 2031. The UK market is exhibiting a CAGR of 9.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.8% during (2024 - 2031).

Europe Automotive Climate Control Systems Market

The increasing focus on energy efficiency and environmental sustainability is another critical driver of the automotive climate control systems market. Traditional (Heating, Ventilation, and Air Conditioning) HVAC systems in vehicles consume a significant amount of energy, which can impact fuel efficiency and increase emissions. This is particularly important in electric vehicles (EVs) and hybrid electric vehicles (HEVs), where efficient energy use is crucial for maintaining battery life and driving range.

Consumer preferences and expectations are crucial in shaping the automotive climate control systems market. Today’s consumers expect their vehicles to provide high comfort and convenience, and climate control systems are a key part of this equation. The demand for luxury vehicles, often equipped with the most advanced climate control features, continues to rise.

Most cars on the road in Poland are more than ten years old, which provides a constant demand for automotive parts and services. Older vehicles frequently require maintenance, repairs, and enhancements to preserve their optimal performance and extend lifespan. As these vehicles age, there is a consistent need for replacement parts and components, including HVAC systems. Owners of older cars often seek aftermarket climate control system replacements or upgrades to enhance comfort and functionality. In conclusion, the region's increasing automotive production and high vehicle ownership rates are driving the market's growth.

Free Valuable Insights: The Global Automotive Climate Control Systems Market will Hit USD 16.3 Billion by 2031, at a CAGR of 10.4%

Based on Technology, the market is segmented into Automatic and Manual. Based on Vehicle Type, the market is segmented into Passenger Vehicle, Commercial Vehicle, and Electric Vehicle. Based on Distribution, the market is segmented into Aftermarket and OEM. Based on Component, the market is segmented into Compressor, Control & Sensor, HVAC, Evaporator, Condensor, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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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.

Europe 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 Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
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