The global automotive HVAC market size is anticipated to reach USD 22.12
billion by 2022, according to a new study by Grand View Research, Inc.
Price, energy efficiency, and technological advancement are key factor
affecting buying behavior. Development of eco-friendly solutions owing to
rising environmental concerns and lower the carbon footprints is expected to
provide competitive advantage to industry players.
Industry players make huge investment in research and development to
enhance their offering and gain competitive edge for instance; initiatives are
taken to lower weight and size of system for better adaptability Increasing
demand for private vehicle owing to growing car rental industry and rising
average time spent in vehicles is anticipated to boost industry growth.
Additionally, easy automobile finance schemes may also favor the global market.
Browse
Detail Report With TOC @
Further key
findings from the study suggest:
Passenger car segment is expected to witness increase in demand owing to
improving road infrastructure worldwide and is estimated to grow at a CAGR of
around 8% over the forecast period. Increasing personnel mobility needs and
growing urbanization is expected to boost passenger HVAC demand over the
forecast period. Popularity of electric or hybrid vehicle is also anticipated
to contribute to the overall revenue growth.
Macroeconomic condition and regulation such as mining ban in India may affect
the demand of Heavy Commercial Vehicle (HCV). Increasing LCVs demand particularly
in rural areas is expected to open new growth opportunities for the segment
growth.
Asia Pacific automotive HVAC market is estimated to show growth owing to rising
middle class population and increasing disposable income. Presence of developing
economies such as India and China is expected to boost industry growth over the
next seven years. Increasing adoption of premium automobile brands in
developing nation such as India and Brazil may also provide growth
opportunities for industry players.
According to Valeo Group, number of vehicle produced in China has doubled since
2007, with more than 23 million vehicle productions in 2014, which accounted
for 27% of global production. North America automotive HVAC market is
anticipated to grow at a CAGR of over 7.5% from 2015 to 2022.
Request A Sample copy of This Report @
Some Points In Table Of Content :-
Chapter 1.
Methodology and Scope
Chapter 2.
Executive Summary
Chapter 3.
Automotive HVAC Industry Outlook
Chapter 4.
Automotive HVAC Technology Outlook
Chapter 5.
Automotive HVAC Vehicle Type Outlook
Browse Few "Automotive " Market Research Reports @
Agricultural Drones Market
http://www.hexareports.com/report/agricultural-drones-market/details
http://www.hexareports.com/report/agricultural-drones-market/details
Motor Vehicle Part Market 2020
http://www.hexareports.com/report/motor-vehicle-part-markets-in-the-world-to-2020/details
Motor Vehicle Part Markets in Western Europe to 2020
http://www.hexareports.com/report/motor-vehicle-part-markets-in-western-europe-to-2020/details
Contact
Information:
Ryan
Shaw
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
United States
Phone
Number
1-800-489-3075
Visit Our
Website: http://www.hexareports.com/
No comments:
Post a Comment