The global Automotive HVAC Market size is expected to reach USD 105.05 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive HVAC Market Share, Size, Trends, Industry Analysis Report, By Type (Manual HVAC, Automatic HVAC); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The adoption of HVAC systems is expected to boost the growth of the automotive HVAC market due to an increase in demand for thermal comfort and safety. A reduction in system size and weight may help the market grow in the coming years.
Because incorporating electronics, sensors, and automated climate control features has become more affordable, HVAC units are becoming more common in passenger vehicles. The increasing electrification of vehicles is expected to improve the integration of advanced comfort and safety features.
However, when a new interior climate control feature becomes a standard in the automotive industry, technicians who service and maintain these systems in vehicles such as cars, trucks, and vans must reskill to handle these updates. As automotive HVAC systems become more complex, there is a greater demand for a broader set of skills and knowledge required for their repair and maintenance.
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The passenger cars segment dominated the global automotive HVAC market. The rising demand for luxury vehicles, and growing demand of passenger vehicles from emerging economies boosts the growth of this segment. The growing preferences of consumers towards comfortable and enhanced driving experience would increase the demand of automotive HVAC from this segment.
Climate change and global warming contribute to rising global temperatures, necessitating a greater need for temperature control in automobiles. Furthermore, growing awareness about the use of automotive coolants in HVAC systems is gradually increasing demand for technologically advanced HVAC systems, increasing their sales.
Automotive HVAC Market Report Highlights
Polaris Market Research has segmented the automotive HVAC market report based on type, end-use, and region:
Automotive HVAC, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive HVAC, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Automotive HVAC, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 63.79 billion |
Revenue forecast in 2032 |
USD 105.05 billion |
CAGR |
6.4% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments Covered |
By Type, By End-Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation |
For Specific Research Requirements |