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Automotive AC Compressor Market Share

Report ID: GMI4840
Published Date: Mar 2022
Report Format: PDF

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Automotive AC Compressor Market Share

The key players operating in the automotive AC compressor market include :

Denso Corporation
Toyota Industries
Mitsubishi Heavy Industries
Nissens
Automotive Thermal Systems Co., Ltd
SANDEN
Subros
Hanon Systems
Standard Motor Product Inc
Aotecar New Energy Technology Co., Ltd
MAHLE

Some of the key strategies adopted by these manufacturers are new product development, acquisition, production capacity expansion, and collaboration with automotive manufacturers.

The automobile AC compressor sector is extremely consolidated with the top five companies controlling a large portion of the global market. To acquire a competitive advantage over other enterprises, major participants have formed alliances with car air conditioning system makers. Many manufacturers are investing in electric compressors to obtain a competitive advantage as the demand for these technologies grows.

Automotive AC Compressor Market Report Attributes
Report Attribute	Details
Base Year:	2021
Automotive AC Compressor Market Size in 2021:	8,451.12 Million (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	4.2%
2028 Value Projection:	11,188.56 Million (USD)
Historical Data for:	2018 to 2021
No. of Pages:	250
Tables, Charts & Figures:	298
Segments covered:	Vehicle Type, Type, Drive, Sales Channel
Growth Drivers:	Increasing focus on light-weighting and fuel efficiency products Growth in passenger vehicle sales Increasing automotive production and presence of auto players The increasing adoption of EVs is likely to surge industry proliferation
Pitfalls & Challenges:	A higher operation life and easy repair are likely to decrease the growth rate Prohibitive cost of air-conditioning systems

What are the growth opportunities in this market?

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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market size of automotive AC compressor exceeded USD 8.45 billion in 2021 and is pegged to observe a 4.2% CAGR between 2022 and 2028, according to GMI report.

OEMs will account for more than 95% of the market share by 2028 due to the rising number of investments in the manufacturing sector.

The passenger cars segment is likely to generate USD 9 billion revenue by 2028 led by the rising car sales in countries like China and India.

Asia Pacific market is expected to record demand of over 50 million units by 2028 driven by the fast-growing production of automobiles in the region.