San Francisco, California, December 07, 2018: The vast rise in the global sales of passenger cars is expected to provide the most traction to the overall development of the global automotive HVAC market over the next few years, states TMR Research in a recent market research report. The report is titled “Automotive HVAC Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
Get Sample Copy of this Report @
It has been observed that the global sales of cars have gone up notably in the past few years and that most of these numbers have been contributed by sales across the crossovers and SUV segments in the Europe and China passenger car markets. With such rise in demand, key car manufacturers have already begun to expand their production capacities of passenger cars.
This is expected to have a direct impact on the global demand for automotive HVAC in the next few years. The mounting rise in passenger car sales globally and the introduction of several government policies that are encouraging the uptake of passenger cars in China will drive the demand for HVAC systems in passenger cars over the forecast period.
Geographically, the market for automotive HVAC has been examined in the report for regions such as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. Of these, the market in Asia Pacific dominates in terms of revenue contribution and is expected to retain its lead spot over the forecast period as well. The regional market will be driven due to factors such as the vast rise in demand for effective transportation facilities to sustain the mounting population in emerging economies such as India and China, increased focus on infrastructure development, and the world’s maximum growth rate in terms of sales of passenger cars.
Read Comprehensive Overview of Report @
Some of the leading companies in the global automotive HVAC market are alsonic Kansei Corporation, Delphi Automotive Plc, Inalfa Roof Systems Group B.V., Gentherm Inc., Sanden Corporation, Denso Corporation, and Behr Gmbh. & Co. Kg.