Global Automotive HVAC Ducts Market 2017-2021

Overview of the global automotive HVAC ducts market

The automotive HVAC ducts market is witnessing considerable growth due to the increasing demand for vehicles. SUVs and crossovers are the major contributor to the sales of the cars across the world. Technavio’s market research report has identified increasing demand for vehicles across the world as one of the primary factors that will fuel the growth of the automotive HVAC ducts market in the coming years. Majority of the passenger cars have incorporated HVAC systems which is driving the market. Comfort is the major attribute considered by a consumer before purchasing, so, manufacturers are focusing on integration of HVAC systems to the vehicles to provide added degree of comfort to the consumers. Owing to the integration of HVAC systems to the vehicles, customer preference for these cars is also increasing. Our market research analysts estimate that this market will grow steadily at a CAGR of about 5% by 2021.

Development of automatic climate control systems is one of the key trends contributing towards the growth of the automotive HVAC ducts market. HVAC units and HVAC ducts are the major part of the cabin control system. Consumers need comfort and due to this, desirable temperature and humid levels are set in vehicle cabins. To reduce manual intervention, integration of HVAC duct is essential for monitoring and controlling the temperature levels inside vehicle cabins. Luxury car segment is adopting this system creating differentiated multi-zone climate control systems. These factors are expected to trigger the revenue growth of the market.

Competitive landscape and key vendors

The automotive HVAC ducts market is fragmented due to the presence of several players and the competition in the market is intense. To sustain the competitive environment in the HVAC air duct market, the key vendors are focusing on increasing their customer base by investing in R&D. Moreover, the vendors are trying to infuse differentiated products to match the expectations of the customers.

The leading vendors in the market are-

• A. KAYSER AUTOMOTIVE SYSTEMS
• Bolton Plastics Components
• Exo-s
• Mergon
• Tata AutoComp Systems
• Trocellen

The other prominent vendors in the market are ABC Group and TMD WEK.

Segmentation by application type and analysis of the automotive HVAC ducts market

• Passenger cars
• Commercial vehicles

During 2016, passenger car segment accounted for the majority shares of the automotive HVAC ducts market. The penetration of HVAC ducts in the passenger cars market is higher than commercial vehicles. The primary reason for the increasing adoption of passenger cars is due to the increased requirement of comfort and pleasure. Moreover, HVAC system was limited to luxury car segments only but now HVAC system is introduced to mass vehicles too, which is driving the growth of the HVAC air duct market.

Segmentation by geography and analysis of the automotive HVAC ducts market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive HVAC ducts market throughout the forecast period. Owing to the increasing industrialization and rapid urbanization in emerging economies such as China and India, the HVAC air duct market potential in this region is high. Moreover, increase in household incomes is in turn increasing the sales of passenger cars.

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 global automotive HVAC ducts market?
• What are the key market trends impacting the growth of the global automotive HVAC ducts market?
• What are the challenges to global automotive HVAC ducts market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global automotive HVAC ducts market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive HVAC ducts market? 

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