Automotive HVAC Market to Gain Attractive Revenues with Increasing Demand from Rental Car Sector

The idea of long drives and road trips has been used extensively by automobile manufacturers to promote their brands all across the world. The luxury of comfortable driving experience has instigated people to opt for vehicles with HVAC systems. HVAC stands for heating, ventilation, and air-conditioning and serves as a key part of mechanical engineering and offers comfortable interiors in a vehicle as it deals with mainly thermodynamics, fluid dynamics, and heat transfer principles. With the increasing popularity of car rental services such as Ola, Lyft, Uber, Sidecar, and others, the automotive HVAC market will grow at significant rates in the near future with the rising importance of customer experience.

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Automotive manufacturers are keen on providing air conditioning facilities in all rental cars for ensuring better customer experience. They are also focusing on offering pressure sensors for improving air conditioning control that will ultimately decrease the price of HVAC systems, while increasing its popularity. This further augments the demand for automotive HVAC market. Again, the increasing demand for lightweight vehicles has also augmented the need for HVAC systems in automobiles. With the changing lifestyle and rising disposable incomes of people, there has been a higher demand for personal vehicles with better fuel efficiency that ultimately augmented the growth of this market in the coming years.

Geographically, Asia Pacific held the largest share on account of the presence of large automobile vendors in India, South Korea, Japan, and China. With the increasing number of new entrants into the field, the competition will get more intense.  Some of the key players of the global automotive HVAC market include Brose Fahrzeugteile Gmbh & Co. Kg, Eberspacher Climate Control Systems Gmbh & Co. Kg, Imasen Electric Industrial Co., Ltd., Keihin Corporation, Calsonic Kansei Corporation, Gentherm Inc., Toyota Industries Corporation, Inalfa Roof Systems Group B.V., Denso Corporation, Behr Gmbh. & Co. Kg., Japan Climate Systems Corporation, Johnson Electric Holdings Ltd., Sanden Corporation, Delphi Automotive Plc, and Air International Thermal Systems.

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