The Latin America, Middle East and Africa Automotive AC Compressor Market should witness market growth of 5.9% CAGR during the forecast period (2022-2028).
The automotive AC compressor market is expanding due to favorable factors like advancements in lubricants for rotary screws andreciprocating compressors. In the coming years, the demand forreciprocating compressors is anticipated to growmore than any other type ofcompressor.Additionally,e-compressors are quickly becoming a new phenomenon. Long-distance electric travel is made possible by these compressors in all-electric and hybrid automobiles.
It is projected that in the upcoming years, automotive consumption in emerging economies will significantly expand as a result of urbanization and increased industrial activity. Manufacturers are progressively building manufacturing facilities in emerging nations as a result of the rising demand for automobiles. In addition, automobile production has expanded in emerging countries as a result of supportive government policies, higher GDP, and rising consumer spending.
Brazil's auto sales have improved in the Latin American region and are at their best point in five years. The nation’s automotive industry grew more quickly than any other key sector of the economy, providing a much-needed support system for automakers. The AC compressors demandhas also grown as a result of the renewed interest in this region. Similarly, South Africa also has a major automobile manufacturing industry. Production of automotive components, the country's largest manufacturing sector, continued to play a significant role in South Africa's manufacturing andindustrialization process. Due to the region's burgeoning automotive industry, the market for automotive AC compressorswill grow in the coming years.
The Brazil market dominated the LAMEA Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $186.8 million by 2028. The Argentina market is experiencing a CAGR of 6.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 5.7% during (2022-2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
The automotive AC compressor market is expanding due to favorable factors like advancements in lubricants for rotary screws andreciprocating compressors. In the coming years, the demand forreciprocating compressors is anticipated to growmore than any other type ofcompressor.Additionally,e-compressors are quickly becoming a new phenomenon. Long-distance electric travel is made possible by these compressors in all-electric and hybrid automobiles.
It is projected that in the upcoming years, automotive consumption in emerging economies will significantly expand as a result of urbanization and increased industrial activity. Manufacturers are progressively building manufacturing facilities in emerging nations as a result of the rising demand for automobiles. In addition, automobile production has expanded in emerging countries as a result of supportive government policies, higher GDP, and rising consumer spending.
Brazil's auto sales have improved in the Latin American region and are at their best point in five years. The nation’s automotive industry grew more quickly than any other key sector of the economy, providing a much-needed support system for automakers. The AC compressors demandhas also grown as a result of the renewed interest in this region. Similarly, South Africa also has a major automobile manufacturing industry. Production of automotive components, the country's largest manufacturing sector, continued to play a significant role in South Africa's manufacturing andindustrialization process. Due to the region's burgeoning automotive industry, the market for automotive AC compressorswill grow in the coming years.
The Brazil market dominated the LAMEA Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $186.8 million by 2028. The Argentina market is experiencing a CAGR of 6.5% during (2022-2028). Additionally, The UAE market would display a CAGR of 5.7% during (2022-2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
Scope of the Study
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Compressor Type
- Variable Displacement
- Fixed Displacement
- Electric Compressor
By Drive Type
- Conventional
- Electric
By Sales Channel
- OEM
- Aftermarket
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Automotive AC Compressor Market, by Vehicle Type
1.4.2 LAMEA Automotive AC Compressor Market, by Compressor Type
1.4.3 LAMEA Automotive AC Compressor Market, by Drive Type
1.4.4 LAMEA Automotive AC Compressor Market, by Sales Channel
1.4.5 LAMEA Automotive AC Compressor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Automotive AC Compressor Market by Vehicle Type
3.1 LAMEA Passenger Cars Market by Country
3.2 LAMEA Heavy Commercial Vehicles Market by Country
3.3 LAMEA Light Commercial Vehicles Market by Country
Chapter 4. LAMEA Automotive AC Compressor Market by Compressor Type
4.1 LAMEA Variable Displacement Market by Country
4.2 LAMEA Fixed Displacement Market by Country
4.3 LAMEA Electric Compressor Market by Country
Chapter 5. LAMEA Automotive AC Compressor Market by Drive Type
5.1 LAMEA Conventional Market by Country
5.2 LAMEA Electric Market by Country
Chapter 6. LAMEA Automotive AC Compressor Market by Sales Channel
6.1 LAMEA OEM Market by Country
6.2 LAMEA Aftermarket Market by Country
Chapter 7. LAMEA Automotive AC Compressor Market by Country
7.1 Brazil Automotive AC Compressor Market
7.1.1 Brazil Automotive AC Compressor Market by Vehicle Type
7.1.2 Brazil Automotive AC Compressor Market by Compressor Type
7.1.3 Brazil Automotive AC Compressor Market by Drive Type
7.1.4 Brazil Automotive AC Compressor Market by Sales Channel
7.2 Argentina Automotive AC Compressor Market
7.2.1 Argentina Automotive AC Compressor Market by Vehicle Type
7.2.2 Argentina Automotive AC Compressor Market by Compressor Type
7.2.3 Argentina Automotive AC Compressor Market by Drive Type
7.2.4 Argentina Automotive AC Compressor Market by Sales Channel
7.3 UAE Automotive AC Compressor Market
7.3.1 UAE Automotive AC Compressor Market by Vehicle Type
7.3.2 UAE Automotive AC Compressor Market by Compressor Type
7.3.3 UAE Automotive AC Compressor Market by Drive Type
7.3.4 UAE Automotive AC Compressor Market by Sales Channel
7.4 Saudi Arabia Automotive AC Compressor Market
7.4.1 Saudi Arabia Automotive AC Compressor Market by Vehicle Type
7.4.2 Saudi Arabia Automotive AC Compressor Market by Compressor Type
7.4.3 Saudi Arabia Automotive AC Compressor Market by Drive Type
7.4.4 Saudi Arabia Automotive AC Compressor Market by Sales Channel
7.5 South Africa Automotive AC Compressor Market
7.5.1 South Africa Automotive AC Compressor Market by Vehicle Type
7.5.2 South Africa Automotive AC Compressor Market by Compressor Type
7.5.3 South Africa Automotive AC Compressor Market by Drive Type
7.5.4 South Africa Automotive AC Compressor Market by Sales Channel
7.6 Nigeria Automotive AC Compressor Market
7.6.1 Nigeria Automotive AC Compressor Market by Vehicle Type
7.6.2 Nigeria Automotive AC Compressor Market by Compressor Type
7.6.3 Nigeria Automotive AC Compressor Market by Drive Type
7.6.4 Nigeria Automotive AC Compressor Market by Sales Channel
7.7 Rest of LAMEA Automotive AC Compressor Market
7.7.1 Rest of LAMEA Automotive AC Compressor Market by Vehicle Type
7.7.2 Rest of LAMEA Automotive AC Compressor Market by Compressor Type
7.7.3 Rest of LAMEA Automotive AC Compressor Market by Drive Type
7.7.4 Rest of LAMEA Automotive AC Compressor Market by Sales Channel
Chapter 8. Company Profiles
8.1 Continental AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Research & Development Expenses
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition, Mergers and Joint Ventures:
8.2.4.2 Geographical Expansions:
8.3 Toyota Industries Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 Mitsubishi Heavy Industries Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Subros Ltd
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Geographical Expansions:
8.6 Mahle GmbH (Mahle Stiftung GmbH)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Denso Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.8 Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Valeo SA
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.10. BorgWarner Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
Companies Mentioned
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
Methodology
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