North America Automotive Climate Control Systems Market

North America 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-23348 Publication Date: July-2024 Number of Pages: 118
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Market Report Description

The North America Automotive Climate Control Systems Market would witness market growth of 10.1% CAGR during the forecast period (2024-2031).

The US market dominated the North America 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 $4,023.1 million by 2031. The Canada market is experiencing a CAGR of 12.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.6% during (2024 - 2031).

North America Automotive Climate Control Systems Market

The automotive climate control systems market is a dynamic and rapidly evolving sector within the broader automotive industry. As vehicles become more sophisticated and consumer expectations rise, the demand for advanced climate control systems grows. These systems are integral to modern vehicles, providing comfort and enhancing safety and efficiency. Climate control systems in automobiles have seen a remarkable transformation from basic heating and cooling functions to highly advanced, smart systems that can adjust to individual preferences and external conditions.

In recent decades, the automotive climate control systems market has been driven by rapid technological advancements and increasing consumer demand for enhanced comfort and convenience. Today’s systems are far more advanced than their predecessors, incorporating a range of once-unimaginable features.

Mexico has become a significant hub for automotive manufacturing, with many global automakers establishing production facilities in the country. This surge in vehicle production directly boosts the demand for automotive climate control systems, as every vehicle requires efficient HVAC systems to ensure passenger comfort. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. The production of EVs and hybrids totalled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. Mexican automotive manufacturers export much of their production to markets like the United States, Canada, and Latin America. The demand for high-quality climate control systems in these vehicles enhances the market for advanced HVAC technologies, including systems that cater to different climate conditions and consumer preferences in export markets. Hence, the rising adoption of EVs and the increasing automotive sector in the region will present growth opportunities for the market.

Free Valuable Insights: The Automotive Climate Control Systems Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.

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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.

North America 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

  • US
  • Canada
  • Mexico
  • Rest of North America
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