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Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 124
  • SKU: IRTNTR45605
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The automotive heating, ventilation, and air conditioning (HVAC) compressor market share is expected to increase by 33.23 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.49%. This automotive heating, ventilation, and air conditioning (HVAC) compressor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive heating, ventilation, and air conditioning (HVAC) compressor market report also offers information on several market vendors, including DENSO Corp., ESTRA Automotive Systems Co. Ltd., Hanon Systems, HELLA GmbH and Co. KGaA, MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Subros Ltd., Toyota Industries Corp., and Valeo SA among others. Furthermore, this report extensively covers automotive heating, ventilation, and air conditioning (HVAC) compressor market segmentation by application (passenger cars, LCVs, and MCVs and HCVs) and geography (APAC, Europe, North America, South America, and MEA).

What will the Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Size be During the Forecast Period?

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Size

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Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market: Key Drivers, Trends, and Challenges

The increasing adoption of automotive hvac electric compressors is notably driving the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth, although factors such as vehicle recalls due to potential hvac compressor failure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive heating, ventilation, and air conditioning (HVAC) compressor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Driver

The increasing adoption of automotive hvac electric compressors is notably driving the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth. An automotive HVAC compressor is generally powered by a drive belt which increases the engine load resulting in increased fuel consumption and exhaust gas emissions. To overcome this drawback, automotive HVAC compressor manufacturers developed compressors that are powered independently by a motor without the need for an automotive engine to be switched on. The built-in motor in the automotive HVAC electric compressor powers it without the need for an engine to be switched on. Therefore, automotive HVAC electric compressors use electric heaters or heat pumps, which are powered by vehicle batteries to generate heat. Moreover, HVAC electric compressors are produced in lower volumes than belt-driven HVAC compressors. Therefore, the increased production cost is pushed to automotive HVAC manufacturers and vehicle manufacturers, resulting in increased revenue for automotive HVAC compressor manufacturers. Therefore, the increasing adoption of automotive HVAC electric compressors is expected to drive the global automotive HVAC compressor market in terms of revenue during the forecast period.

Key Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Trend 

Increasing demand for variable displacement compressors is the key market trend driving the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth. Automotive HVAC systems use different types of compressors based on the design and type of automotive HVAC systems used in the vehicles. Based on the displacement type, automotive HVAC compressors can be classified into the following: Fixed displacement compressors and Variable displacement compressors. In fixed displacement compressor, the piston constantly moves without varying the pumping capacity. This type of compressor is equipped with a clutch that helps to turn on and off the automotive HVAC system. Based on the way the displacement control valve is actuated, the variable displacement compressor can be categorized into two types, namely, internally controlled variable displacement compressors and externally controlled variable displacement compressors. These types of compressors are used for automatic climate control in vehicles and are witnessing high adoption across all the segments in the global automotive market.

Key Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Challenge

The vehicle recalls due to potential hvac compressor failure is the major challenge impeding the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth. Defective products or potential failures of systems in vehicles result in product recall by vehicle manufacturers. Earlier, vehicle manufacturers had to bear the complete cost of a product recall. However, the improvement in vendor relationships and collaborative work with suppliers across the upstream of the value chain have encouraged suppliers and manufacturers to share the recall cost. Although this has reduced the cost burden on vehicle manufacturers, tier-1 suppliers, and other stakeholders in the value chain, it is still adding a certain cost for these stakeholders, thereby leading to a reduced profit margin. Therefore, vehicle recalls due to defective products or potential system failures constitute a challenge for all the stakeholders related to the products.

This automotive heating, ventilation, and air conditioning (HVAC) compressor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive heating, ventilation, and air conditioning (HVAC) compressor market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive heating, ventilation, and air conditioning (HVAC) compressor market during the forecast period.

Who are the Major Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • DENSO Corp.
  • ESTRA Automotive Systems Co. Ltd.
  • Hanon Systems
  • HELLA GmbH and Co. KGaA
  • MAHLE GmbH
  • Marelli Holdings Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Subros Ltd.
  • Toyota Industries Corp.
  • Valeo SA

 

This statistical study of the automotive heating, ventilation, and air conditioning (HVAC) compressor market encompasses successful business strategies deployed by the key vendors. The automotive heating, ventilation, and air conditioning (HVAC) compressor market is fragmented and the vendors are deploying growth strategies such as investing in R&D to introduce better products into the market and expand their customer base to compete in the market.

Product Insights and News

  • DENSO Corp. - The company offers various types of automotive HVAC compressors for passenger cars.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive heating, ventilation, and air conditioning (HVAC) compressor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive heating, ventilation, and air conditioning (HVAC) compressor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market?

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Market segmentation by region

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55% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive heating, ventilation, and air conditioning (HVAC) compressor market in APAC. Market growth in this region will be faster than the growth of the European and Middle East African markets.

The increasing penetration rate of HVAC systems in the commercial vehicles segment will facilitate the automotive heating, ventilation, and air conditioning (HVAC) compressor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, industrial activities in this region were affected due to COVID-19-related concerns. Stringent lockdowns and social distancing regulations compelled many business owners to shut down their facilities temporarily. Production of vehicles was also affected throughout the year. This negatively affected the demand for automotive HAVC compressors in the region. However, as the automotive supply chains regain their strength in 2021, the recovery of these industrial sectors in APAC will pick up the pace. Capital spending is expected to grow, which will drive the demand for commercial vehicles. This will positively impact the regional market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market?

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Segmentation

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The automotive heating, ventilation, and air conditioning (HVAC) compressor market share growth by the passenger cars segment will be significant during the forecast period. The growth of the global automotive HVAC compressor market by passenger cars is based on the increase in the production of passenger cars. The sale of electric powertrain-based passenger cars has witnessed growth and is expected to grow significantly over the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive heating, ventilation, and air conditioning (HVAC) compressor market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.49%

Market growth 2021-2025

33.23 million units

Market structure

Fragmented

YoY growth (%)

4.79

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

DENSO Corp., ESTRA Automotive Systems Co. Ltd., Hanon Systems, HELLA GmbH and Co. KGaA, MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Subros Ltd., Toyota Industries Corp., and Valeo SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Automotive Heating, Ventilation, and Air Conditioning (HVAC) Compressor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive heating, ventilation, and air conditioning (HVAC) compressor market growth during the next five years
  • Precise estimation of the automotive heating, ventilation, and air conditioning (HVAC) compressor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive heating, ventilation, and air conditioning (HVAC) compressor industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive heating, ventilation, and air conditioning (HVAC) compressor market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis : Automotive components and accessories

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (million units)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2020-2025
      • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 (million units)
      • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
    • 5.4 LCVs - Market size and forecast 2020-2025
      • Exhibit 19: LCVs - Market size and forecast 2020-2025 (million units)
      • Exhibit 20: LCVs - Year-over-year growth 2020-2025 (%)
    • 5.5 MCVs and HCVs - Market size and forecast 2020-2025
      • Exhibit 21: MCVs and HCVs - Market size and forecast 2020-2025 (million units)
      • Exhibit 22: MCVs and HCVs - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 23: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 (million units)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 (million units)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 (million units)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 (million units)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 (million units)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography (million units)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 43: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 44: Market positioning of vendors
        • 10.3 DENSO Corp.
          • 10.4 ESTRA Automotive Systems Co. Ltd.
            • Exhibit 49: ESTRA Automotive Systems Co. Ltd. - Overview
            • Exhibit 50: ESTRA Automotive Systems Co. Ltd. - Product and service
            • Exhibit 51: ESTRA Automotive Systems Co. Ltd. - Key offerings
          • 10.5 Hanon Systems
            • Exhibit 52: Hanon Systems - Overview
            • Exhibit 53: Hanon Systems - Business segments
            • Exhibit 54: Hanon Systems - Key news
            • Exhibit 55: Hanon Systems - Key offerings
            • Exhibit 56: Hanon Systems - Segment focus
          • 10.6 HELLA GmbH and Co. KGaA
            • Exhibit 57: HELLA GmbH and Co. KGaA - Overview
            • Exhibit 58: HELLA GmbH and Co. KGaA - Business segments
            • Exhibit 59: HELLA GmbH and Co. KGaA - Key news
            • Exhibit 60: HELLA GmbH and Co. KGaA - Key offerings
            • Exhibit 61: HELLA GmbH and Co. KGaA - Segment focus
          • 10.7 MAHLE GmbH
            • Exhibit 62: MAHLE GmbH - Overview
            • Exhibit 63: MAHLE GmbH - Business segments
            • Exhibit 64: MAHLE GmbH - Key news
            • Exhibit 65: MAHLE GmbH - Key offerings
            • Exhibit 66: MAHLE GmbH - Segment focus
          • 10.8 Marelli Holdings Co. Ltd.
            • Exhibit 67: Marelli Holdings Co. Ltd. - Overview
            • Exhibit 68: Marelli Holdings Co. Ltd. - Product and service
            • Exhibit 69: Marelli Holdings Co. Ltd. - Key news
            • Exhibit 70: Marelli Holdings Co. Ltd. - Key offerings
          • 10.9 Mitsubishi Heavy Industries Ltd.
            • Exhibit 71: Mitsubishi Heavy Industries Ltd. - Overview
            • Exhibit 72: Mitsubishi Heavy Industries Ltd. - Business segments
            • Exhibit 73: Mitsubishi Heavy Industries Ltd. - Key offerings
            • Exhibit 74: Mitsubishi Heavy Industries Ltd. - Segment focus
          • 10.10 Subros Ltd.
            • Exhibit 75: Subros Ltd. - Overview
            • Exhibit 76: Subros Ltd. - Business segments
            • Exhibit 77: Subros Ltd. - Key offerings
          • 10.11 Toyota Industries Corp.
            • Exhibit 78: Toyota Industries Corp. - Overview
            • Exhibit 79: Toyota Industries Corp. - Business segments
            • Exhibit 80: Toyota Industries Corp. - Key news
            • Exhibit 81: Toyota Industries Corp. - Key offerings
            • Exhibit 82: Toyota Industries Corp. - Segment focus
          • 10.12 Valeo SA
            • Exhibit 83: Valeo SA - Overview
            • Exhibit 84: Valeo SA - Business segments
            • Exhibit 85: Valeo SA - Key news
            • Exhibit 86: Valeo SA - Key offerings
            • Exhibit 87: Valeo SA - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 88: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 89: Research Methodology
              • Exhibit 90: Validation techniques employed for market sizing
              • Exhibit 91: Information sources
            • 11.4 List of abbreviations
              • Exhibit 92: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Automotive HVAC Compressor Market market growth will increase by $33.23 mn units during 2021-2025.
            The automotive hvac compressor market market is expected to grow at a CAGR of 7.49% during 2021-2025.
            Technavio has segmented the automotive hvac compressor market market by application (passenger cars, LCVs, and MCVs and HCVs) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
            DENSO Corp., ESTRA Automotive Systems Co. Ltd., Hanon Systems, HELLA GmbH and Co. KGaA, MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Heavy Industries Ltd., Subros Ltd., Toyota Industries Corp., Valeo SA are a few of the key vendors in the automotive hvac compressor market market.
            APAC will register the highest growth rate of 55% among the other regions. Therefore, the automotive hvac compressor market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the automotive hvac compressor market market growth are:
            • increasing adoption of automotive hvac electric compressors
            • increasing demand for variable displacement compressors
            The automotive hvac compressor market market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Five-force market analysis

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