Global Automotive Air Conditioning Market to Show Significant Growth in North America & Europe, Says Lucintel in Its Report Published at MarketPublish16 Jan 2017 • by Natalie Aster
LONDON – With growing opportunities in commercial vehicle and passenger car segments, the future of the world’s market for automotive air conditioning seems to be bright.
This marketplace is forecast to grow at a CAGR of slightly over 5% in the near term to almost reach the USD 25 billion mark by 2021.
Such growth will be encouraged by a range of factors: changes in the climatic conditions as well as a pollution level, the rising vehicle production rate, and more.
Some of major supplier of the devices comprise: Calsonic Kansei Corporation, Hanon System and Denso Corporation, to name a few.
The passenger car segment is set to lead the market in terms of the vehicle type. It will grow at a CAGR of above average in the coming years.
Region-wise, APAC is set to remain the number one marketplace thanks to growing temperature in this region, and the increasing production of light and luxury vehicles. North America and Europe, in the meantime, are set to witness significant growth of the marketplace in the years to come.
Insightful research report “Growth Opportunities in the Global Automotive Air Conditioning Market, December 2016” elaborated by Lucintel offers a comprehensive guide to the global automotive air conditioning marketplace. The study provides a 360-degree overview of this space.
It limelights trends of the world’s market. The report explores trends of the marketplace in detail. The research study scrutinizes challenges as well as drivers of the global space. It scrutinizes the competitive environment.
The research report focuses on growth opportunities this marketplace has and includes a strategic analysis. The study also comprises detailed profiles of leading companies globally. Future projections through 2021 are on hand in the report, too.
More cutting-edge research studies by Lucintel can be found at its page.