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Automotive HVAC Market Share

Report ID: GMI371
Published Date: Aug 2024
Report Format: PDF

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Automotive HVAC Market Share

Denso Corporation and Hanon Systems hold a significant share in the automotive HVAC industry. Denso Corporation is a major player in the market, renowned for its advanced climate control solutions. The company leverages cutting-edge technology to develop high-performance HVAC systems that cater to various vehicle types, including passenger cars and electric vehicles (EVs). Hanon Systems also commands a substantial share of the market. The company offers a broad range of HVAC products, including those designed for energy efficiency and reduced environmental impact.

Automotive HVAC Market Companies

Major players operating in the automotive HVAC industry are:

Calsonic Kansei Corporation (Marelli Corporation)
Delphi Technologies (BorgWarner Inc.)
Denso Corporation
Hanon Systems
Mahle GmbH
Sanden Holdings Corporation
Valeo SA

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive HVAC reached USD 61 billion in 2023 and will record over 5% CAGR from 2024 to 2032, due to increasing demand for enhanced passenger comfort.

The electric vehicles (EVs) segment will register a CAGR of over 5% through 2032, as advanced HVAC systems are essential for optimizing energy use and extending the vehicle’s range

North America market share was around 25% in 2023, owing to the high rate of vehicle ownership and a strong demand for advanced climate control systems.

Calsonic Kansei Corporation (Marelli Corporation), Delphi Technologies (BorgWarner Inc.), Denso Corporation, Hanon Systems, Mahle GmbH, Sanden Holdings Corporation, and Valeo SA, among others.