Automotive Heating, Ventilation, and Air Conditioning Compressor Market Forecast 2024-2028
The automotive heating, ventilation, and air conditioning compressor market size is forecast to increase by USD 6.32 billion at a CAGR of 7.68% between 2023 and 2028. The primary catalyst propelling market expansion is the increasing adoption of HVAC systems in trucks. While nearly 100% penetration is observed in the passenger car segment, the commercial vehicle sector, particularly trucks, shows promise for volume growth. Additionally, global demand for trucks is on the rise, notably in regions like China, India, the US, and various European countries, witnessing a surge in light-duty trucks such as pickups, medium, and heavy-duty trucks. A notable trend shaping market dynamics is the rising popularity of low-noise HVAC compressors, driven by technological advancements like electric powertrains, contributing to increased complexity in the automotive HVAC compressor landscape.
This necessitates continuous innovation in product design among manufacturers to maintain a competitive edge in the market. Polestar, Cadillac, Gentherm, Marelli Corporation, Hanon System, and Valeo are some of the key players contributing to advancements in the global automotive heating, ventilation, and air conditioning (HVAC) market. They offer a wide range of components and technologies, including the MOTIX motor control kit, BLDC motor, and indoor air quality (IAQ) purification system, catering to the diverse needs of passenger cars and commercial vehicles alike.
What will be the size of the Automotive Heating, Ventilation, And Air Conditioning (HVAC) Compressor Market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global automotive heating, ventilation, and air conditioning (HVAC) compressor market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global automotive heating, ventilation, and air conditioning (hvac) compressor market 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Passenger cars - Market size and forecast 2023-2028
- Exhibit 34: Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
- 6.4 LCVs - Market size and forecast 2023-2028
- Exhibit 38: Chart on LCVs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on LCVs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on LCVs - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on LCVs - Year-over-year growth 2023-2028 (%)
- 6.5 MCVs and HCVs - Market size and forecast 2023-2028
- Exhibit 42: Chart on MCVs and HCVs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Data Table on MCVs and HCVs - Market size and forecast 2023-2028 ($ billion)
- Exhibit 44: Chart on MCVs and HCVs - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on MCVs and HCVs - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ billion)
- Exhibit 47: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 48: Chart on Type - Market share 2023-2028 (%)
- Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 50: Chart on Comparison by Type
- Exhibit 51: Data Table on Comparison by Type
- 7.3 Swash plate compressors - Market size and forecast 2023-2028
- Exhibit 52: Chart on Swash plate compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Swash plate compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Swash plate compressors - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Swash plate compressors - Year-over-year growth 2023-2028 (%)
- 7.4 Scroll compressors - Market size and forecast 2023-2028
- Exhibit 56: Chart on Scroll compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Scroll compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Scroll compressors - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Scroll compressors - Year-over-year growth 2023-2028 (%)
- 7.5 Rotary compressors - Market size and forecast 2023-2028
- Exhibit 60: Chart on Rotary compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Rotary compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Rotary compressors - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Rotary compressors - Year-over-year growth 2023-2028 (%)
- 7.6 Reciprocating compressors - Market size and forecast 2023-2028
- Exhibit 64: Chart on Reciprocating compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Data Table on Reciprocating compressors - Market size and forecast 2023-2028 ($ billion)
- Exhibit 66: Chart on Reciprocating compressors - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Reciprocating compressors - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Type
- Exhibit 68: Market opportunity by Type ($ billion)
- Exhibit 69: Data Table on Market opportunity by Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2023-2028 (%)
- Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 India - Market size and forecast 2023-2028
- Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ billion)
- Exhibit 116: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028
11 Vendor Landscape
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 Aotejia New Energy Technology Co. Ltd
- Exhibit 123: Aotejia New Energy Technology Co. Ltd - Overview
- Exhibit 124: Aotejia New Energy Technology Co. Ltd - Product / Service
- Exhibit 125: Aotejia New Energy Technology Co. Ltd - Key offerings
- 12.4 DENSO Corp.
- Exhibit 126: DENSO Corp. - Overview
- Exhibit 127: DENSO Corp. - Business segments
- Exhibit 128: DENSO Corp. - Key news
- Exhibit 129: DENSO Corp. - Key offerings
- Exhibit 130: DENSO Corp. - Segment focus
- 12.5 ERAE AMS
- Exhibit 131: ERAE AMS - Overview
- Exhibit 132: ERAE AMS - Product / Service
- Exhibit 133: ERAE AMS - Key offerings
- 12.6 ESTRA Automotive Systems Co. Ltd.
- Exhibit 134: ESTRA Automotive Systems Co. Ltd. - Overview
- Exhibit 135: ESTRA Automotive Systems Co. Ltd. - Product / Service
- Exhibit 136: ESTRA Automotive Systems Co. Ltd. - Key offerings
- 12.7 Hanon Systems
- Exhibit 137: Hanon Systems - Overview
- Exhibit 138: Hanon Systems - Business segments
- Exhibit 139: Hanon Systems - Key offerings
- Exhibit 140: Hanon Systems - Segment focus
- 12.8 HELLA GmbH and Co. KGaA
- Exhibit 141: HELLA GmbH and Co. KGaA - Overview
- Exhibit 142: HELLA GmbH and Co. KGaA - Business segments
- Exhibit 143: HELLA GmbH and Co. KGaA - Key news
- Exhibit 144: HELLA GmbH and Co. KGaA - Key offerings
- Exhibit 145: HELLA GmbH and Co. KGaA - Segment focus
- 12.9 Japan Climate Systems Corp.
- Exhibit 146: Japan Climate Systems Corp. - Overview
- Exhibit 147: Japan Climate Systems Corp. - Product / Service
- Exhibit 148: Japan Climate Systems Corp. - Key offerings
- 12.10 MAHLE GmbH
- Exhibit 149: MAHLE GmbH - Overview
- Exhibit 150: MAHLE GmbH - Business segments
- Exhibit 151: MAHLE GmbH - Key news
- Exhibit 152: MAHLE GmbH - Key offerings
- Exhibit 153: MAHLE GmbH - Segment focus
- 12.11 Marelli Holdings Co. Ltd.
- Exhibit 154: Marelli Holdings Co. Ltd. - Overview
- Exhibit 155: Marelli Holdings Co. Ltd. - Product / Service
- Exhibit 156: Marelli Holdings Co. Ltd. - Key news
- Exhibit 157: Marelli Holdings Co. Ltd. - Key offerings
- 12.12 Mitsubishi Heavy Industries Ltd.
- Exhibit 158: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 159: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 160: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 161: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 162: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.13 Ningbo Anchor Auto Parts Co. Ltd.
- Exhibit 163: Ningbo Anchor Auto Parts Co. Ltd. - Overview
- Exhibit 164: Ningbo Anchor Auto Parts Co. Ltd. - Product / Service
- Exhibit 165: Ningbo Anchor Auto Parts Co. Ltd. - Key offerings
- 12.14 OMEGA Environmental Technologies
- Exhibit 166: OMEGA Environmental Technologies - Overview
- Exhibit 167: OMEGA Environmental Technologies - Product / Service
- Exhibit 168: OMEGA Environmental Technologies - Key offerings
- 12.15 Sanden Corp.
- Exhibit 169: Sanden Corp. - Overview
- Exhibit 170: Sanden Corp. - Business segments
- Exhibit 171: Sanden Corp. - Key offerings
- Exhibit 172: Sanden Corp. - Segment focus
- 12.16 Toyota Industries Corp.
- Exhibit 173: Toyota Industries Corp. - Overview
- Exhibit 174: Toyota Industries Corp. - Business segments
- Exhibit 175: Toyota Industries Corp. - Key news
- Exhibit 176: Toyota Industries Corp. - Key offerings
- Exhibit 177: Toyota Industries Corp. - Segment focus
- 12.17 Valeo SA
- Exhibit 178: Valeo SA - Overview
- Exhibit 179: Valeo SA - Business segments
- Exhibit 180: Valeo SA - Key news
- Exhibit 181: Valeo SA - Key offerings
- Exhibit 182: Valeo SA - Segment focus
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Exhibit 183: Inclusions checklist
- Exhibit 184: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 185: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 186: Research methodology
- Exhibit 187: Validation techniques employed for market sizing
- Exhibit 188: Information sources
- 13.5 List of abbreviations
- Exhibit 189: List of abbreviations
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