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Automotive Climate Control Market Analysis

  • Report ID: GMI10942
  • Published Date: Aug 2024
  • Report Format: PDF

Automotive Climate Control Market Analysis

Based on vehicles, the market is categorized passenger cars and commercial vehicles. In 2023, the passenger car segment accounted for a market share of around 70% and is projected to grow by 2032. The passenger car segment dominates the automotive climate control market, driven by the rising consumer demand for enhanced comfort and convenience. With the increasing production of passenger vehicles globally, particularly in emerging economies, there is a growing expectation for vehicles to come equipped with sophisticated climate control systems.
 

Moreover, the trend toward connected and autonomous vehicles is further fueling the demand for advanced climate control technologies that can provide personalized and adaptive in-cabin environments, making this segment a key contributor to market growth.
 

Automotive Climate Control Market Share, By End-Use, 2023

Based on end-use, the automotive climate control market is divided into OEM and aftermarket. In 2023, the OEM segment accounted for a market share of around 64%. The OEM segment holds a major market share in the market due to the growing emphasis on integrating high-performance climate control systems during the vehicle manufacturing process.
 

 Automakers are increasingly focusing on delivering enhanced in-cabin comfort and energy efficiency, which are becoming critical differentiators in a competitive market. By offering factory-fitted, advanced climate control systems that align with the latest regulatory standards and consumer expectations, OEMs are driving significant growth in this segment, ensuring superior quality and performance compared to aftermarket solutions.
 

North America Automotive Climate Control Market Size, 2022-2032 (USD Billion)

North America dominated the automotive climate control market with a major share of over 35% in 2023. The market is driven by the region's strong automotive industry and high demand for advanced vehicle features. The preference for large vehicles such as SUVs and trucks, which require more robust climate control systems, is particularly high in this region.
 

Additionally, stringent regulatory standards regarding vehicle emissions and energy efficiency are pushing automakers to adopt advanced climate control technologies. The region's focus on innovation and technological advancements, coupled with a strong economy, further supports the growth of the market in North America.
 

In Europe, the automotive climate control market is significantly driven by stringent environmental regulations and the growing adoption of electric vehicles. European Union regulations aimed at reducing vehicle emissions are pushing automakers to develop more efficient climate control systems that minimize energy consumption. Additionally, the region's strong focus on luxury vehicles and consumer demand for premium features are driving the integration of advanced climate control systems. The rise of electric vehicles in Europe, where managing battery temperatures is critical, further accelerates the demand for sophisticated climate control solutions in this market.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive climate control reached USD 9.9 billion and is set to register a CAGR of over 12.5% through 2032, led by rising demand for electric vehicles.

In 2023, the OEM segment accounted for a market share of around 64%, due to the growing emphasis on integrating high-performance climate control systems during the vehicle manufacturing process.

North America market held a major share of over 35% in 2023, driven by the region's strong automotive industry and high demand for advanced vehicle features.

DENSO CORPORATION, Hanon Systems, Hitachi Astemo Indiana, Inc., Johnson Electric Holdings Limited, MAHLE GmbH, Marelli Corporation, Mitsubishi Heavy Industries, Ltd., Sanden Corporation, Sensata Technologies, Inc., and Valeo SA.

Automotive Climate Control Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 24
  • Pages: 220
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