+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

North America 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

  • PDF Icon

    Report

  • 118 Pages
  • June 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988639
The North America Automotive Climate Control Systems Market is projected to witness market growth of 10.1% CAGR during the forecast period (2024-2031).

The US market dominated the North America 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 $4.02 billion by 2031. The Canada market is experiencing a CAGR of 12.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.6% during (2024 - 2031).



The automotive climate control systems market is a dynamic and rapidly evolving sector within the broader automotive industry. As vehicles become more sophisticated and consumer expectations rise, the demand for advanced climate control systems grows. These systems are integral to modern vehicles, providing comfort and enhancing safety and efficiency. Climate control systems in automobiles have seen a remarkable transformation from basic heating and cooling functions to highly advanced, smart systems that can adjust to individual preferences and external conditions.

In recent decades, the automotive climate control systems market has been driven by rapid technological advancements and increasing consumer demand for enhanced comfort and convenience. Today’s systems are far more advanced than their predecessors, incorporating a range of once-unimaginable features.

Mexico has become a significant hub for automotive manufacturing, with many global automakers establishing production facilities in the country. This surge in vehicle production directly boosts the demand for automotive climate control systems, as every vehicle requires efficient HVAC systems to ensure passenger comfort. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. 88% of vehicles produced in Mexico are exported. The production of EVs and hybrids totalled 51,065 units in 2022, representing a growth of 8.5 percent compared to 2021. Mexican automotive manufacturers export much of their production to markets like the United States, Canada, and Latin America. The demand for high-quality climate control systems in these vehicles enhances the market for advanced HVAC technologies, including systems that cater to different climate conditions and consumer preferences in export markets. Hence, the rising adoption of EVs and the increasing automotive sector in the region will present growth opportunities for the market.

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
  • US
  • Canada
  • Mexico
  • Rest of North America

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 North America Automotive Climate Control Systems Market, by Technology
1.4.2 North America Automotive Climate Control Systems Market, by Vehicle Type
1.4.3 North America Automotive Climate Control Systems Market, by Distribution
1.4.4 North America Automotive Climate Control Systems Market, by Component
1.4.5 North America 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. North America Automotive Climate Control Systems Market by Technology
4.1 North America Automatic Market by Region
4.2 North America Manual Market by Region
Chapter 5. North America Automotive Climate Control Systems Market by Vehicle Type
5.1 North America Passenger Vehicle Market by Country
5.2 North America Commercial Vehicle Market by Country
5.3 North America Electric Vehicle Market by Country
Chapter 6. North America Automotive Climate Control Systems Market by Distribution
6.1 North America Aftermarket Market by Country
6.2 North America OEM Market by Country
Chapter 7. North America Automotive Climate Control Systems Market by Component
7.1 North America Compressor Market by Country
7.2 North America Control & Sensor Market by Country
7.3 North America HVAC Market by Country
7.4 North America Evaporator Market by Country
7.5 North America Condensor Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Automotive Climate Control Systems Market by Country
8.1 US Automotive Climate Control Systems Market
8.1.1 US Automotive Climate Control Systems Market by Technology
8.1.2 US Automotive Climate Control Systems Market by Vehicle Type
8.1.3 US Automotive Climate Control Systems Market by Distribution
8.1.4 US Automotive Climate Control Systems Market by Component
8.2 Canada Automotive Climate Control Systems Market
8.2.1 Canada Automotive Climate Control Systems Market by Technology
8.2.2 Canada Automotive Climate Control Systems Market by Vehicle Type
8.2.3 Canada Automotive Climate Control Systems Market by Distribution
8.2.4 Canada Automotive Climate Control Systems Market by Component
8.3 Mexico Automotive Climate Control Systems Market
8.3.1 Mexico Automotive Climate Control Systems Market by Technology
8.3.2 Mexico Automotive Climate Control Systems Market by Vehicle Type
8.3.3 Mexico Automotive Climate Control Systems Market by Distribution
8.3.4 Mexico Automotive Climate Control Systems Market by Component
8.4 Rest of North America Automotive Climate Control Systems Market
8.4.1 Rest of North America Automotive Climate Control Systems Market by Technology
8.4.2 Rest of North America Automotive Climate Control Systems Market by Vehicle Type
8.4.3 Rest of North America Automotive Climate Control Systems Market by Distribution
8.4.4 Rest of North America 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

Loading
LOADING...