Automotive HVAC Market Size Analysis $105.05 Bn 2032 CAGR 6.4%

Automotive HVAC Market Size Worth $105.05 Billion 2032 | CAGR : 6.4%


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

  • In 2022, the passenger cars segment accounted for the largest market share. Increasing demand for automobiles in developing countries, rapid growth of electric vehicles, and stringent climate-control regulations enacted by governments in the United States and Europe. Increased discretionary income and the availability of diverse funding options are expected to drive market expansion during the forecast period.
  • The automatic HVAC segment accounted for the highest market share during the forecast period, owing to rising demand for luxury and comfortable vehicles. The rising environmental concerns and growing pollution levels across the globe would support the growth of this segment.
  • In 2022, North America is expected to grow prominently over the forecast period due to need for HVAC systems in luxury vehicle manufacturing is increasing, which is boosting the growth of the automotive HVAC market. Moreover, US Automotive HVAC market held the largest market share, and the Canada Automotive HVAC market was the fastest growing market in the region.
  • The global key market players include Air International Thermal Systems, Brose Fahrzeugteile GmbH & Co. Kg, Delphi Automotive Plc, Johnson Electric Holdings Ltd., Mahle Behr GmbH, Sanden Corporation, Sensata Technologies, Inc., Valeo S.A., Visteon Corporation, Xiezhong International Holdings Ltd.

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)

  • Manual HVAC
  • Automatic HVAC

Automotive HVAC, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Passenger Cars
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles

Automotive HVAC, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Automotive HVAC Market Report Scope

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

Request for Customized Report