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Asia Pacific Automotive Climate Control Systems Market Size, Share & Trends Analysis Report By Technology, By Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle), By Distribution, By Component, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 135 Pages
  • June 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988568
The Asia Pacific Automotive Climate Control Systems Market is projected to witness market growth of 10.8% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Automotive Climate Control Systems Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.35 billion by 2031. The Japan market is registering a CAGR of 10% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 11.5% during (2024 - 2031).



The market is not without its challenges. Cost is one of the most significant barriers to the widespread adoption of advanced climate control systems. These systems are expensive to develop and produce, incorporating high-tech components and requiring sophisticated manufacturing processes. The high price of advanced climate control systems can be prohibitive for mid-range and economy vehicles, where cost is critical.

Additionally, the complexity of maintaining and repairing advanced climate control systems poses a challenge. Maintenance and repair of these systems necessitate specialized knowledge and tools, which may incur high costs and be less accessible in certain regions. The availability of skilled technicians and service centres that can handle these advanced systems is limited, making it difficult for consumers to get the necessary support.

China boasts the world’s largest luxury car market. In June 2023, according to the China Association of Automobile Manufacturers (CAAM), automobile production and sales reached 2.561 million and 2.622 million units, respectively. This marked a month-on-month increase of 9.8% and 10.1% and a year-on-year increase of 2.5% and 4.8%. Luxury vehicles cater to discerning consumers who prioritize comfort and convenience. As a result, they are equipped with sophisticated HVAC systems featuring advanced technologies such as multi-zone climate control, air purification, and personalized settings. This drives the adoption of high-end climate control systems in luxury vehicle segments. The increasing sales of luxury vehicles expand the demand for automotive climate control systems in China. OEMs prioritize integrating premium HVAC systems into new luxury vehicle models, while aftermarket sales also thrive as vehicle ownership grows. Therefore, high demand for luxury vehicles and increasing aftermarket sales in the region drive the market's growth.

List of Key Companies Profiled

  • Mahle GmbH (Mahle Stiftung GmbH)
  • Johnson Electric Holdings Limited
  • Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
  • Denso Corporation
  • Mitsubishi Heavy Industries Ltd.
  • OMEGA Environmental Technologies
  • Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
  • Valeo SA
  • Hitachi, Ltd.

Market Report Segmentation

By Technology
  • Automatic
  • Manual
By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
  • Electric Vehicle
By Distribution
  • Aftermarket
  • OEM
By Component
  • Compressor
  • Control & Sensor
  • HVAC
  • Evaporator
  • Condensor
  • Others
By Country
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Automotive Climate Control Systems Market, by Technology
1.4.2 Asia Pacific Automotive Climate Control Systems Market, by Vehicle Type
1.4.3 Asia Pacific Automotive Climate Control Systems Market, by Distribution
1.4.4 Asia Pacific Automotive Climate Control Systems Market, by Component
1.4.5 Asia Pacific Automotive Climate Control Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Automotive Climate Control Systems Market by Technology
4.1 Asia Pacific Automatic Market by Country
4.2 Asia Pacific Manual Market by Country
Chapter 5. Asia Pacific Automotive Climate Control Systems Market by Vehicle Type
5.1 Asia Pacific Passenger Vehicle Market by Country
5.2 Asia Pacific Commercial Vehicle Market by Country
5.3 Asia Pacific Electric Vehicle Market by Country
Chapter 6. Asia Pacific Automotive Climate Control Systems Market by Distribution
6.1 Asia Pacific Aftermarket Market by Country
6.2 Asia Pacific OEM Market by Country
Chapter 7. Asia Pacific Automotive Climate Control Systems Market by Component
7.1 Asia Pacific Compressor Market by Country
7.2 Asia Pacific Control & Sensor Market by Country
7.3 Asia Pacific HVAC Market by Country
7.4 Asia Pacific Evaporator Market by Country
7.5 Asia Pacific Condensor Market by Country
7.6 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Automotive Climate Control Systems Market by Country
8.1 China Automotive Climate Control Systems Market
8.1.1 China Automotive Climate Control Systems Market by Technology
8.1.2 China Automotive Climate Control Systems Market by Vehicle Type
8.1.3 China Automotive Climate Control Systems Market by Distribution
8.1.4 China Automotive Climate Control Systems Market by Component
8.2 Japan Automotive Climate Control Systems Market
8.2.1 Japan Automotive Climate Control Systems Market by Technology
8.2.2 Japan Automotive Climate Control Systems Market by Vehicle Type
8.2.3 Japan Automotive Climate Control Systems Market by Distribution
8.2.4 Japan Automotive Climate Control Systems Market by Component
8.3 India Automotive Climate Control Systems Market
8.3.1 India Automotive Climate Control Systems Market by Technology
8.3.2 India Automotive Climate Control Systems Market by Vehicle Type
8.3.3 India Automotive Climate Control Systems Market by Distribution
8.3.4 India Automotive Climate Control Systems Market by Component
8.4 South Korea Automotive Climate Control Systems Market
8.4.1 South Korea Automotive Climate Control Systems Market by Technology
8.4.2 South Korea Automotive Climate Control Systems Market by Vehicle Type
8.4.3 South Korea Automotive Climate Control Systems Market by Distribution
8.4.4 South Korea Automotive Climate Control Systems Market by Component
8.5 Australia Automotive Climate Control Systems Market
8.5.1 Australia Automotive Climate Control Systems Market by Technology
8.5.2 Australia Automotive Climate Control Systems Market by Vehicle Type
8.5.3 Australia Automotive Climate Control Systems Market by Distribution
8.5.4 Australia Automotive Climate Control Systems Market by Component
8.6 Malaysia Automotive Climate Control Systems Market
8.6.1 Malaysia Automotive Climate Control Systems Market by Technology
8.6.2 Malaysia Automotive Climate Control Systems Market by Vehicle Type
8.6.3 Malaysia Automotive Climate Control Systems Market by Distribution
8.6.4 Malaysia Automotive Climate Control Systems Market by Component
8.7 Rest of Asia Pacific Automotive Climate Control Systems Market
8.7.1 Rest of Asia Pacific Automotive Climate Control Systems Market by Technology
8.7.2 Rest of Asia Pacific Automotive Climate Control Systems Market by Vehicle Type
8.7.3 Rest of Asia Pacific Automotive Climate Control Systems Market by Distribution
8.7.4 Rest of Asia Pacific Automotive Climate Control Systems Market by Component
Chapter 9. Company Profiles
9.1 OMEGA Environmental Technologies
9.1.1 Company Overview
9.2 Mahle GmbH (Mahle Stiftung GmbH)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Johnson Electric Holdings Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 SWOT Analysis
9.4 Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Denso Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 SWOT Analysis
9.6 Mitsubishi Heavy Industries Ltd.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 SWOT Analysis
9.8 Valeo SA
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Hitachi, Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis

Companies Mentioned

  • Mahle GmbH (Mahle Stiftung GmbH)
  • Johnson Electric Holdings Limited
  • Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.)
  • Denso Corporation
  • Mitsubishi Heavy Industries Ltd.
  • OMEGA Environmental Technologies
  • Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
  • Valeo SA
  • Hitachi, Ltd.

Methodology

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