The Latin America, Middle East and Africa Automotive AC Compressor Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
The automotive AC compressor market is expanding due to favorable factors like advancements in lubricants for rotary screws and reciprocating compressors. In the coming years, the demand for reciprocating compressors is anticipated to grow more than any other type of compressor. Additionally, e-compressors are quickly becoming a new phenomenon. Long-distance electric travel is made possible by these compressors in all-electric and hybrid automobiles.
It is projected that in the upcoming years, automotive consumption in emerging economies will significantly expand as a result of urbanization and increased industrial activity. Manufacturers are progressively building manufacturing facilities in emerging nations as a result of the rising demand for automobiles. In addition, automobile production has expanded in emerging countries as a result of supportive government policies, higher GDP, and rising consumer spending.
Brazil's auto sales have improved in the Latin American region and are at their best point in five years. The nation’s automotive industry grew more quickly than any other key sector of the economy, providing a much-needed support system for automakers. The AC compressors demand has also grown as a result of the renewed interest in this region. Similarly, South Africa also has a major automobile manufacturing industry. Production of automotive components, the country's largest manufacturing sector, continued to play a significant role in South Africa's manufacturing and industrialization process. Due to the region's burgeoning automotive industry, the market for automotive AC compressors will grow in the coming years.
The Brazil market dominated the LAMEA Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $186.8 million by 2028. The Argentina market is experiencing a CAGR of 6.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.7% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive AC Compressor Market is Projected to reach USD 10.1 Billion by 2028, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Compressor Type
- Variable Displacement
- Fixed Displacement
- Electric Compressor
By Drive Type
By Sales Channel
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
TABLE 1 LAMEA Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 13 LAMEA Variable Displacement Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Variable Displacement Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Fixed Displacement Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Fixed Displacement Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Electric Compressor Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Electric Compressor Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Electric Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Electric Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 26 LAMEA Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 27 LAMEA OEM Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA OEM Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Automotive AC Compressor Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Automotive AC Compressor Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 34 Brazil Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 35 Brazil Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 Brazil Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 Brazil Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 38 Brazil Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 39 Brazil Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 Brazil Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 Brazil Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 42 Brazil Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 43 Argentina Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 44 Argentina Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 45 Argentina Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Argentina Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Argentina Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 48 Argentina Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 49 Argentina Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 50 Argentina Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 51 Argentina Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 52 Argentina Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 53 UAE Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 54 UAE Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 55 UAE Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 UAE Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 UAE Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 58 UAE Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 59 UAE Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 60 UAE Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 61 UAE Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 62 UAE Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 73 South Africa Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 74 South Africa Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 75 South Africa Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 South Africa Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 South Africa Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 78 South Africa Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 79 South Africa Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 80 South Africa Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 81 South Africa Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 82 South Africa Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 83 Nigeria Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 86 Nigeria Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 87 Nigeria Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 88 Nigeria Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 89 Nigeria Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 90 Nigeria Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 91 Nigeria Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 92 Nigeria Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 103 Key Information – Continental AG
TABLE 104 Key Information – Hanon Systems
TABLE 105 Key Information – Toyota Industries Corporation
TABLE 106 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 107 Key Information – Subros ltd
TABLE 108 Key information – Mahle GmbH
TABLE 109 key information – Denso Corporation
TABLE 110 Key Information – Sanden corporation
TABLE 111 key information – Valeo SA
TABLE 112 Key Information – BorgWarner Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Continental AG
FIG 3 Recent strategies and developments: Hanon SYSTEMS