China Automobile Air-Conditioner Sector to Gain Traction to 2022, States CRI in Its Report Published at MarketPublishers.com22 Jan 2018 • by Natalie Aster
LONDON – The automobile air-conditioner sector has been developing rapidly in line with the evolution of the automotive industry in China. The country has been the world's biggest manufacturer and distributor of cars during 2009-2017. The production volume of automobile air-conditioners domestically surpassed 40 million units as of 2017, amongst which over 20 million was assembled in cars that were made in China. Additionally, a huge number of air-conditioners were exported to global markets.
China’s whole-vehicle OEM sector accounts for a greater market share. The automobile air-conditioners market value surpassed the USD 4.68 billion mark in the country in 2017, recording an AAGR of over 10% through to 2022.
Going forward, surging production volume of cars, increasing exports of automobile air-conditioners and components in volume terms, and the development of new-energy vehicle will likely act as key propellers of the national automobile air-conditioner industry till 2022, contributing to an upsurge in the HVAV unit cost. Taking into consideration that the automotive and component manufacturing sector is one of pillar industries of the domestic economy, Chinese and local governments are estimated to publish a set of policies favouring the development of the automobile air-conditioner industry over the foreseeable future.
Topical research report “Research Report on Automobile Air-Conditioner Industry in China, 2018-2022” elaborated by CRI provides an insightful, deep analysis of the industry on a national level.
The study gives an all-round review of the economic and policy environment related to the automobile air-conditioner industry; examines the development status of the automobile industry worldwide and in China. The report offers an insightful analysis on the industry chain; presents an assessment of the supply and demand dynamics in the automobile air-conditioners market. It sheds light on the price trends of pertinent raw materials. The research provides a comprehensive evaluation of the competition scenario, gives information on the dominant automobile air-conditioner makers in China. It provides an extensive export analysis, limelights the drivers and market opportunities of the industry, evaluates key risks and challenges faced by the industry. Additionally, the report includes granular forecasts of prospective supply and demand of automobile air-conditioners in China to 2022.
More topical research reports drawn up by CRI can be found in this catalogue.