Automotive HVAC Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Sale of Passenger Cars
- Growing Demand for Comfortable Ventilation in Cars
Challenges
- Rising Adoption of Public Transport Owing to Climate Awareness amongst People
Automotive HVAC Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.8% |
|
Base Year Market Size (2024) |
USD 57.29 billion |
|
Forecast Year Market Size (2037) |
USD 134.74 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive HVAC is assessed at USD 60.6 billion.
Automotive HVAC Market size was valued at USD 57.29 billion in 2024 and is expected to reach USD 134.74 billion by 2037, registering around 6.8% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is predicted to account for largest revenue share by 2037, on the back of increasing sale of cars, backed by the growing population in the country.
The major players in the market are Marelli Holdings Co., Ltd., BorgWarner Inc., Halla Climate Control Corp., MAHLE Behr GmbH & Co. KG, Robert Bosch GmbH, and others.
