Automotive HVAC System Market in the Americas 2017-2021

Overview of the automotive HVAC system market in the Americas

As per the Technavio’s market research report, the automotive HVAC system market in the Americas will grow at a steady rate and in term of units, will post a CAGR of close to 4% during the forecast period. The rise in demand for high-performance vehicle thermal management is pushing the adoption of efficient HVAC systems. In addition to reducing parasitic losses, the technological advances in in thermal technology also result in improving the efficiency of transmission systems, and HVAC systems. Factors such as the deployment of new powertrain technologies, the use of environment-friendly refrigerants, and the electrification of mechanical components will enable OEMs to enhance the vehicle thermal management systems, which, will positively influence the automotive HVAC system market. Additionally, the increasing number of stringent regulations on carbon emissions and engine downsizing that makes it difficult to control and maintain the cabin temperature will also pushing the adoption of efficient HVAC systems in the coming years.

The increased use of compact variable compressors will be one of the major trends that will gain traction in the automotive HVAC system market in the Americas in the next four years. Due to their benefits over the conventional compressors, the compact variable compressors enhance the performance of HVAC systems and are one of the most-essential components of HVAC systems. IN addition to enhancing the system's performance, these compressors also provide better air conditioning at high engine speed and provide better fuel economy. Delphi Automotive has already developed compact variable compressors that are currently used by one of the major automotive manufacturers, GM.

Competitive landscape and key vendors

The automotive HVAC system market in the Americas is highly competitive and is characterized by the presence of a large number of key vendors. With technological advancements and increasing government regulations, the market’s competitive environment will further intensify in the coming years. The vendors are increasingly investing in R&D activities to come up with innovative designs in terms of safety and added features. Additionally, they are also adopting inorganic growth strategies to enhance their product portfolio and expand their geographical presence.

Key vendors in this market are -

• DENSO
• Hanon Systems
• MAHLE
• Valeo

Other prominent vendors in the market include Air International Thermal Systems, Bergstrom, Calsonic Kansei, Johnson Electric, Sanden USA, and Webasto.

Segmentation by application and analysis of the automotive HVAC system market in the Americas

• Passenger cars
• LCVs
• M&HCVs

During 2016, the passenger cars segment accounted for the major shares of the automotive HVAC system market in the Americas and will continue to dominate the market during the predicted period as well. The installation of HVAC systems in almost all passenger cars including the lower variants will be the major factor fueling market growth in this segment.

Segmentation by geography and analysis of the automotive HVAC system market in the Americas

• Brazil
• Canada
• Mexico
• US

Factors such as the reduction in gasoline prices, low interest rate, and the increased leasing of vehicles, resulted in increasing the sales of new vehicles in the Americas. In terms of geographical regions, the US accounted for the major shares and dominated the automotive HVAC system market in the Americas during 2016. Though the increasing focus of the OEMs towards equipping their vehicles with automatic climate control will result in reducing the region’s market shares, it will continue to dominate the market throughout the next four years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the automotive HVAC system market in the Americas?
• What are the key market trends impacting the growth of the automotive HVAC system market in the Americas?
• What are the challenges to market growth?
• Who are the key vendors in the automotive HVAC system market in the Americas?
• What are the market opportunities and threats faced by the vendors in the automotive HVAC system market in the Americas?
• What are the trending factors influencing the market shares of the Americas?
• What are the key outcomes of the five forces analysis of the automotive HVAC system market in the Americas?

Technavio also offers customization on reports based on specific client requirement.