According to a new market report published by
Lucintel, the future of the global automotive air conditioning market looks promising
with opportunities in segments of passenger car and commercial vehicle. The
global automotive air conditioning market is expected to reach an estimated $24.9
billion by 2021 and is forecast to grow at a CAGR of 5.2% from 2016 to 2021. The
major drivers of growth for this market are increasing vehicle production rate,
dynamic changes in the climatic conditions and pollution level, and higher
requirement of customers for comfort while vehicle driving.
In this market, automatic air conditioning
system and manual/semi- automatic air conditioning system are the major
segments of automotive air conditioning. On the basis of its comprehensive
research, Lucintel forecasts that the automatic air conditioning system segment
is expected to show above average growth during the forecast period of 2016 to
2021. Automatic air conditioning system segment is expected to be the largest
segment due to the increasing demand of updated and high-tech comfort features in
passenger cars.
By vehicle type, passenger car segment is
expected to be the largest segment. Passenger car is expected to show above
average growth during the forecast period due to high production rate of the
passenger car.
Asia Pacific is expected to remain the largest
market due to high growth in mid-size, luxury and light vehicle production, and
increasing temperature within region.
Europe and North America are expected to
witness significant growth over the forecast period because of high growth in
vehicle production and sales combined with growing demand of safety and comfort
features in vehicles.
For business expansions, the report suggests
innovations and new product development, to produce high-quality thermal
management solutions that address various regulatory requirements. The report further suggests the
development of partnerships with customers to create win-win situations and the
development of low-cost solutions for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, include smaller and lightweight air conditioning
system and new features in the functioning of the air conditioning systems. Denso
Corporation, Mahle Behr Gmbh & Co. KG, Valeo SA, Hanon System, and Calsonic
Kansei Corporation are the major automotive air conditioning system suppliers
in the global automotive air conditioning market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive air conditioning market by technology type, vehicle type, and
region. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive Air Conditioning Market 2016-2021:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard
for growth strategy, as it provides comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the growth
opportunities in the global automotive air conditioning market by technology type,
vehicle type, and region, as follows:
Technology type (Volume (Million Units) and $
Million from 2010 to 2021):
- Automatic
- Manual/Semi-Automatic
Vehicle type (Volume (Million Units) and $
Million from 2010 to 2021):
- Passenger Car
- Light Commercial Vehicle
Region (Volume (Million Units) and $ Million
from 2010 to 2021):
- North America
- Europe
- Asia Pacific
- Rest of the World
This
222-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, SWOT
Matrix,
Due Diligence and
Mergers & Acquisitions.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following key questions:
Q. 1. What
are some of the most promising, high-growth opportunities for the automotive air
conditioning market by technology type (automatic and manual/semi-automatic), vehicle
type (passenger car and light commercial vehicle ), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q. 2.
Which segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4. What
are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some changing customer demands in the market?
Q.8. What
are the most notable new developments in the market? Which companies are
leading these developments?
Q.9. Who
are the major players in this market? What strategic initiatives have been
taken by key players for business growth?
Q.10. What is the competitive rivalry and the
threat of substitution in this market?
Q.11. What have been the M&A activities in the
last 5 years in this market?
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