24 June 2019 –
The Global Auto Air Condition Systems Market is
expected to display higher growth rate in the upcoming years due to the rising
sales of vehicles across the globe, and robust growth of automotive industry,
particularly in the Asia pacific and North America region. Growing
manufacturing activities in India and China, owing to the rising demand for
luxury and passenger vehicle are expected to drive the growth of the market
over the forecast period. Increasing per capita income and improved living
standards, has led to the soaring demand for advanced air condition systems in
automobiles, thus propelling the growth of auto air condition systems market
over the forecast period.
Stringent laws & regulations associated with carbon emission
level by European Union, has forced vehicle manufacturers to develop
eco-friendly auto air conditioning systems. Integration of auto air condition
systems in the off road vehicles sector is expected to favor the growth of auto
air condition systems market. Commercial automobile sector that include heavy
trucks and light commercial vehicles are currently adopting auto air condition
systems, which has led to incremental growth, particularly in the Asia Pacific
region over the forecast period.
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Use of auto air condition systems in cabin tractors is major
contributing factor to the market advancements. Increasing preference towards
automated air condition systems over manual air condition systems among end-users
is further strengthening market growth to a certain extent. Inclination towards
high-end models of the economical hatchbacks and sedans is anticipated to fuel
the market demand for auto air condition systems over the coming years.
Substantial focus by manufacturers to decrease emissions to a significant
extent is driving industry progress as well.
Based on the technology, the auto air condition system
market is separated into semi-automated and fully automated air condition
systems. Demand for fully automated air condition systems is on the rise due to
availability of low cost solutions. The auto air condition system market is
also divided as per type of component used such as compressors, evaporators,
receiver, and condenser. Based on the vehicle type, the market is also
categorized into five key segments such as passenger vehicle, light-weight
vehicle, heavy commercial vehicle, off-highway vehicle and locomotives.
The key industry
players in the auto air condition systems market include Denso Corp., Hanon
Systems Co., Mitsubishi Heavy Industries Ltd., Sanden Corp., and Robert Bosch
GmbH.
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