Climate Control Systems for Commercial Vehicle Market Overview
Climate control is responsible for keeping the temperature comfortable inside the vehicle. This system is classified as HVAC, which stands for heat, ventilation, and air conditioning. Because automobiles are used in all types of weather, temperature control is essential for passengers and drivers to feel comfortable. Conditions such as snow or heat during the summer make the internal atmosphere unsuitable for passengers and drivers, so climate control is necessary.
This system keeps the air in the cabin fresh by admitting outside air into the car and recirculating it at the desired temperature, which is done by the HVAC system. As the atmosphere changes and luxury demand rises, the demand for Climate Control Systems will rise as well. Heat Ventilation Air Conditioning (HVAC) was first introduced in 1960, and it is now standard equipment in nearly all vehicles. Because of the increased use of information technology in commercial vehicles, the luxury commercial automobile category is also growing. The global Climate Control Systems for Commercial Vehicle market is expected to grow at a considerable rate in the forecast period.
The increasing commercial cab market is increasing the demand for AC cabs which results in an increased Climate Control System Commercial Vehicle Market. China is a major vehicle producer in the car segment, the US is the top user in cab services. Major players like Uber, Lyft, Hailo, etc. are propelling the global market. Additionally, commercial services are trying to give more comfort to the passenger due to more players in the market operating cab service making high competition. Furthermore, increasing urbanization and industries are escalating the growth of global Climate Control Systems for Commercial Vehicle market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application Type, End User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Valeo S.A, Sanden Holdings Corporation, Hanon Systems, Denso Corporation, Eberspächer, Bergstrom Inc., Webasto, Red Dot Corporation, Mahle GmbH, Calsonic Kansei Corporation, Mobile Climate Control, and Wabco. |
Covid-19 Impact on Climate Control Systems for Commercial Vehicle Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Climate Control Systems for Commercial Vehicle Market Segment Overview
According to Application Type, the Autonomous Vehicle segment is expected to rise at a significant rate in the forecast period. This is because of the advancement of technologies. Additionally, an autonomous vehicle, or a driverless vehicle, is one that is able to operate itself and perform essential functions without any human involvement, through the ability to sense its surroundings. An autonomous vehicle utilizes a fully automated driving system to allow the vehicle to respond to external conditions that a human driver would manage.
Climate Control Systems for Commercial Vehicle Market, By Application Type
· Autonomous Vehicle
· Manual Vehicle
Climate Control Systems for Commercial Vehicle Market, By End-User
· Passenger Vehicle
· Commercial Vehicle
Climate Control Systems for Commercial Vehicle Market Regional Overview
Region-Wise, North America, and Europe are well-established markets for commercial vehicles. Because of the luxury lifestyle, an AC Cab service has a large market. The primary markets for the Global Climate Control System Commercial Vehicle Market are the United States, Germany, China, Japan, and India. Similarly, the Middle East and Africa, and Latin America are anticipated to show high growth in the estimated period. Further, Asia Pacific is anticipated to be the major region for the Climate Control System Commercial Vehicle market. This is due to large-scale development construction going on APAC region. Countries such as China, India, Japan, and the rest of Asia Pacific are attempting to expand their infrastructure, with the passenger vehicle industry playing a significant role. As the population grows, so does the demand for additional power, which will have a direct impact on the expansion of Climate Control System Commercial Vehicle in these regions.
Climate Control Systems for Commercial Vehicle Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Climate Control Systems for Commercial Vehicle Market, Key Players
· Valeo S.A
· Sanden Holdings Corporation
· Hanon Systems
· Denso Corporation
· Eberspächer
· Bergstrom Inc.
· Webasto
· Red Dot Corporation
· Mahle GmbH
· Calsonic Kansei Corporation
· Mobile Climate Control
· Wabco
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Climate Control Systems for Commercial Vehicle market during the forecast period?
The Climate Control Systems for Commercial Vehicle market is expected to record a CAGR of ~ 12 % during the forecast period.
Q2. What are the driving factors for the Climate Control Systems for Commercial Vehicle market?
Increasing urbanization and industries are escalating the growth of global Climate Control Systems for Commercial Vehicle market.
Q3. Which Segments are covered in the Climate Control Systems for Commercial Vehicle Market report?
Application Type, End-User, and Region these segments are covered in Climate Control Systems for Commercial Vehicle Market report.
Q4. Which segment is projected to hold the largest share in the Climate Control Systems for Commercial Vehicle Market. ?
Autonomous Vehicle segment is projected to hold the largest share in the Climate Control Systems for Commercial Vehicle Market.
Q5. Which are the prominent players in the Climate Control Systems for Commercial Vehicle Market?
Valeo S.A, Sanden Holdings Corporation, Hanon Systems, Denso Corporation, Eberspächer, Bergstrom Inc., Webasto, Red Dot Corporation, Mahle GmbH, Calsonic Kansei Corporation, Mobile Climate Control, and Wabco are some key players in the Climate Control Systems for Commercial Vehicle Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Climate Control Systems for Commercial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application Type
- 5.2.1. Autonomous Vehicle
- 5.2.2. Manual Vehicle
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Passenger Vehicle
- 5.3.2. Commercial Vehicle
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Climate Control Systems for Commercial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application Type
- 6.2.1. Autonomous Vehicle
- 6.2.2. Manual Vehicle
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Passenger Vehicle
- 6.3.2. Commercial Vehicle
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Climate Control Systems for Commercial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application Type
- 7.2.1. Autonomous Vehicle
- 7.2.2. Manual Vehicle
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Passenger Vehicle
- 7.3.2. Commercial Vehicle
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Climate Control Systems for Commercial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application Type
- 8.2.1. Autonomous Vehicle
- 8.2.2. Manual Vehicle
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Passenger Vehicle
- 8.3.2. Commercial Vehicle
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Climate Control Systems for Commercial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application Type
- 9.2.1. Autonomous Vehicle
- 9.2.2. Manual Vehicle
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Passenger Vehicle
- 9.3.2. Commercial Vehicle
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Valeo S.A
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Sanden Holdings Corporation
- 10.6. Hanon Systems
- 10.7. Denso Corporation
- 10.8. Eberspächer
- 10.9. Bergstrom Inc.
- 10.10. Webasto
- 10.11. Red Dot Corporation
- 10.12. Mahle GmbH
- 10.13. Calsonic Kansei Corporation
- 10.14. Mobile Climate Control
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
