Automotive Hvac Market 2016 - 2022 Forecast Report Available Now at Hexa Reports

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Automotive HVAC Market Share, Size, Trends and
Growth, By Product Analysis, Application and
Segment Forecasts To 2022

The global automotive HVAC market size is anticipated to reach USD 22.12 billion by 2022, according to
a new study by Grand View Research, Inc.
Price, energy efficiency, and technological advancement are key factor affecting buying behavior.
Development of eco-friendly solutions owing to rising environmental concerns and lower the carbon
footprints is expected to provide competitive advantage to industry players.
Industry players make huge investment in research and development to enhance their offering and gain
competitive edge for instance; initiatives are taken to lower weight and size of system for better
adaptability Increasing demand for private vehicle owing to growing car rental industry and rising
average time spent in vehicles is anticipated to boost industry growth. Additionally, easy automobile
finance schemes may also favor the global market.
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Further key findings from the study suggest:
Passenger car segment is expected to witness increase in demand owing to improving road
infrastructure worldwide and is estimated to grow at a CAGR of around 8% over the forecast period.
Increasing personnel mobility needs and growing urbanization is expected to boost passenger HVAC
demand over the forecast period. Popularity of electric or hybrid vehicle is also anticipated to contribute
to the overall revenue growth.

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Macroeconomic condition and regulation such as mining ban in India may affect the demand of Heavy
Commercial Vehicle (HCV). Increasing LCVs demand particularly in rural areas is expected to open new
growth opportunities for the segment growth.
Asia Pacific automotive HVAC...