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Automotive Climate Control Market Share

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

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Automotive Climate Control Market Share

Denso and Hanon are the major market players operating in the global automotive climate control industry accounting for over 40% in 2023. Denso Corporation maintains its competitive edge in the automotive climate control industry through continuous innovation and a strong focus on sustainable solutions.

The company invests heavily in research and development to enhance the efficiency and performance of its climate control systems, particularly in the context of electric and hybrid vehicles. Denso also leverages its extensive global network to collaborate with automakers, ensuring its products meet the evolving demands for comfort, safety, and energy efficiency, thereby maintaining its position as a leading supplier in the market.

Hanon Systems is a key player in the automotive climate control market, focusing on providing environmentally friendly and energy-efficient solutions. The company emphasizes innovation in thermal management, particularly for electric and hybrid vehicles, where efficient climate control is critical. Hanon Systems' strategy includes expanding its global footprint and enhancing its product portfolio through strategic partnerships and acquisitions. By staying at the forefront of technological advancements and addressing the unique needs of modern vehicles, Hanon Systems continues to strengthen its market position.

Automotive Climate Control Market Companies

Major players operating in the automotive climate control industry are:

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.
Valeo SA

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.