Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size, Trends And Growth Opportunity, By Technology (Manual, Automatic), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Component (Compressor, Evaporator, Receiver, Condenser, Others), Distribution Channel (Original Equipment Manufacturer (OEMS), Aftermarket), By Region and Forecast Till 2027.
Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market
Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market was valued at USD 19.49 Billion in 2021 and is slated to reach at USD 43.56 Billion by 2027 at a CAGR of 10.10 % from 2022-2027.
Automotive heating, ventilation, and air conditioning (HVAC) systems are responsible for regulating the temperature inside vehicles. These systems consist of various components that not only add or remove heat but also purify the air circulating within the vehicle. The HVAC system automatically adjusts the temperature, checks the moisture level, and eliminates humidity from the air inside the vehicle. It provides increased thermal comfort for both the driver and passengers. The process of transferring heat from low to high temperatures based on pressure is called refrigeration, and it is a fundamental principle utilized by automotive HVAC systems.
Market Drivers
The global automotive heating, ventilation, and air conditioning (HVAC) market is expected to grow rapidly due to urbanization. Automotive HVAC systems improve air conditioner efficiency, providing comfort to passengers and drivers. The increasing production of automobiles is expected to drive the global market for automotive HVAC during the forecast period. The adoption of luxurious automobiles is another factor expected to contribute to global growth. Many luxury vehicles have automatic HVAC systems, such as power and heated seats and power windows, that improve the comfort system in the vehicle cabin. Consumers are encouraged to purchase luxurious vehicles due to the high level of comfort they provide. Therefore, the increasing demand for comfort is expected to lead to an increase in sales of luxury vehicles, fueling market growth in the coming years.
Market Restraints
The lack of awareness among consumers and manufacturers about the proper use and benefits of automotive heating, ventilation, and air conditioning, particularly in developing regions, is expected to hinder the revenue generation of the overall market during the forecast period. The cost of HVAC maintenance is another factor that could limit market growth globally, particularly in low-income countries where such services are expensive and difficult to access. HVAC systems consist of several components, including evaporators, compressors, and condensers, which require regular and proper maintenance to function effectively. The high cost of repairing and maintaining these components is expected to restrict market growth during the forecast period.
Impact of COVID-19
The COVID-19 pandemic has caused supply chain disruptions, resulting in a halt in vehicle production and low passenger car sales worldwide. Furthermore, the government-enforced lockdown halted production and reduced demand for automobiles during the COVID-19 pandemic period. A global component shortage caused significant production delays and limited vehicle inventory. However, an increase in electric car sales has been observed, which is expected to fuel market growth. Various initiatives have been launched by governments around the world to encourage the adoption of electric vehicles, resulting in the growth of the automotive thermal system market.
Recent Developments
Valeo declared a New Valeo heat pump in 2021 that draws two-thirds of its energy demand from ambient air, reducing the need to draw energy from on-board batteries, and uses a natural refrigerant. At -15°C, an electric vehicle equipped with this device can travel up to 30% further.
Highly Marelli Holdings Co., Ltd., a previously announced joint venture between Marelli Corporation K.K. and Highly International (Hong Kong) Limited, was established in February 2021. Highly Marelli will concentrate on providing world-class solutions for suppliers and clients in compressor electrification, heating, ventilation, heat pump systems, air conditioning, and electric driven compressor systems.
Market Segmentation
The global automotive heating, ventilation, and air conditioning (HVAC) Market is segmented into technology, vehicle type, component, distribution channel. By technology such as manual, automatic. By  vehicle type such as passenger vehicle, commercial vehicle, electric vehicle, by component such as compressor, evaporator, receiver, condenser, others. By distribution channel such as original equipment manufacturer (OEMs), aftermarket.
Regional Analysis
The global automotive heating, ventilation, and air conditioning (HVAC) Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. In terms of revenue, Asia-Pacific dominates the automotive heating, ventilation, and air conditioning (HVAC) market. This is due to the presence of major automobile manufacturers as well as large-scale automobile production in this region. Furthermore, collaboration between industry experts and regulatory bodies to raise awareness about star-rated HVAC units is expected to drive market growth in this region. Europe is expected to be the fastest growing region during the forecast period of 2022-2027, owing to rising vehicle production.
Key Players
This report includes a list of numerous Key Players, namely Trans/Air Manufacturing Corp. (U.S.), Kongsberg Automotive (Switzerland), Imasen Electric Industrial Co. Ltd. (Japan), Eberspächer (Germany), Air International Thermal Systems (Thailand), Delphi Technologies (U.K.), Brose Fahrzeugteile GmbH & Co. (Germany), TOYOTA INDUSTRIES CORPORATION (Japan), Xiezhong International Holdings Limited (China), GENTHERM (U.S.).
Market Taxonomy  
By Technology
• Manual
• Automatic
By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicle
By Component
• Compressor
• Evaporator
• Receiver
• Condenser
• Others
By Distribution Channel
• Original Equipment Manufacturer (OEMs)
• Aftermarket
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Vehicle Type
5.3 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Vehicle Type
5.3.1 Passenger Vehicle
5.3.2 Commercial Vehicle
5.3.3 Light Commercial Vehicles
5.3.4 Heavy Commercial Vehicles
5.3.5 Electric Vehicle
6 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Technology
6.3 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
6.3.1 Manual
6.3.2 Automatic
7 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Component
7.3 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
7.3.1 Compressor
7.3.2 Evaporator
7.3.3 Receiver
7.3.4 Condenser
7.3.5 Others
8 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Distribution Channel
8.1 Y-O-Y Growth Comparison, By Distribution Channel
8.2 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Distribution Channel
8.3 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
8.3.1 Original Equipment Manufacturer (OEMs)
8.3.2 Aftermarket
9 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Region
9.1 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Region
9.2 Global Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Region
10 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Vehicle Type
10.3 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
10.4 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
10.5 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
10.6 North America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Vehicle Type
11.3 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
11.4 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
11.5 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
11.6 Europe Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis,  By Vehicle Type
12.3 Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
12.4 Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
12.5 Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
12.6 Asia Pacific Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Country
12.6.1 China 
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Vehicle Type
13.3 Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
13.4 Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
13.5 Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
14.6 Latin America Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Country
14.6.1. Brazil
14.6.2.Rest of Latin America
15Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Share Analysis, By Vehicle Type
15.3 Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Technology
15.4 Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Component
15.5 Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Distribution Channel
15.6 Middle East Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Trans/Air Manufacturing Corp. (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 Kongsberg Automotive (Switzerland)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Imasen Electric Industrial Co. Ltd. (Japan)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Eberspächer (Germany)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.5 Key Market Developments
17.4.6 Key Strategies
17.5 Air International Thermal Systems (Thailand)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Delphi Technologies (U.K.)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Brose Fahrzeugteile GmbH & Co. (Germany)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies 
17.8 TOYOTA INDUSTRIES CORPORATION (Japan)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Xiezhong International Holdings Limited (China)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 GENTHERM (U.S.)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies