Automotive Air Conditioning Market was valued at US$ 19.39 Bn in 2021 and is expected to reach US$ 24.38 Bn by 2029, at a CAGR of 2.9% during a forecast period.
Automotive Air Conditioning Market Overview
Maximize Market research, a global Healthcare market research firm, has published competitive intelligence market research report on “ Automotive Air Conditioning Market “. The Automotive Air Conditioning market revenue is expected to grow at a CAGR of percent from 2022 to 2029, reaching USD Automotive Air Conditioning bn during the forecast period. The Automotive Air Conditioning market overview gives thorough the key highlights of the industry, market potential during the forecast period, segment wise analytics country wise market scope.
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Automotive Air Conditioning Market Report Scope and Research Methodology
The market is divided into electrically powered and fuel-powered subsegments based on Power Source. In 2021, the electrically powered category is in the lead. The development of high-performance, long-lasting batteries as well as urbanisation and government-sponsored building initiatives are all credited with the rise. Additionally, the need for electrical equipment is anticipated to rise significantly as customer preference for green technology keeps rising.
Gardeners are now aware of the many benefits electric lawnmowers offer over their gas-powered or conventional counterparts, which contribute just around 5% of the total hydrocarbons in metropolitan areas' atmosphere. There has been a discernible trend towards electric and battery-powered technology due to stricter pollution regulations and more environmentally conscious consumers.
The market is divided into residential and commercial segments based on application. Current trends indicate that the domestic segment won't overtake the business sector. In reality, manufacturers of consumer products profit from increasing demand for lawn care services. Many of these service providers purchase consumer market riding or walk-behind mowers for minor home maintenance tasks. Commercially produced materials are needed for bigger projects like parks and golf courses. However, even on a golf course, a consumer walk-behind or riding mower is used to maintain the grass adjacent to the clubhouse.
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Automotive Air Conditioning Market Regional Insights
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East, and Africa
Automotive Air Conditioning Market Segmentation
Asia Pacific is anticipated to have the greatest market share for automobile Air Conditioning during the projected period. The International Energy Agency (IEA) claims that Asia is developing economically more quickly than other regions. China and India are both important nations in the area. Both countries have established, developed economies with gradually growing populations and are seasoned exporters of vehicles. Major trade nations will continue to have strong demand, and many more will be building or preparing to establish receiving terminals. Singapore, Thailand, Pakistan, Bangladesh, Vietnam, New Zealand, and the Philippines are relative newcomers to the car air conditioning industry.
In order to assess the many aspects influencing the market's growth, Porter's Five Forces model is studied in the Automotive Air Conditioning research. A market attractiveness analysis, brand portfolio expansion, mergers, joint ventures, acquisitions, PESTLE analysis, value chain analysis, and SWOT analysis are also covered in the report.
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Automotive Air Conditioning Market Key Players
• Denso Corporation
• Hanon Systems
• Sanden Holding Corporation
• Mitsubishi Heavy Industries Ltd
• MAHLE GmbH
• Valeo SA
• Keihin Corporation
• Calsonic Kansei Corporation
• Samvardhana Motherson Group
• Subros Limited
• SMAC Auto Air
• TransAir Manufacturing
• Eberspacher Group
• Marelli Corporation
• Johnson Electric Holdings Ltd.
• Japan Climate Systems Corporation
• Yorozu America Corporation
• Gardner Denver
• General Auto
• Toyota Industries
Key questions answered in the Automotive Air Conditioning Market are:
What is the expected Automotive Air Conditioning Market size by the end of the forecast period?
What are the global trends in the Automotive Air Conditioning Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for Automotive Air Conditioning Market?
How is the intervention from regulatory authority is shaping the Automotive Air Conditioning Market?
What growth strategies are the players considering to increase their presence in Automotive Air Conditioning Market?
Who held the largest market share in Automotive Air Conditioning Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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