North America Automotive Hvac Market Size & Outlook
North America automotive hvac market highlights
- The North America automotive hvac market generated a revenue of USD 10,900.0 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, automatic was the largest revenue generating technology in 2023.
- Automatic is the most lucrative technology segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 10,900.0 million |
| Market revenue in 2030 | USD 16,400.0 million |
| Growth rate | 6% (CAGR from 2024 to 2030) |
| Largest segment | Automatic |
| Fastest growing segment | Automatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automatic |
| Key market players worldwide | Brose Group, BorgWarner Inc, Denso Corp, Hanon Systems, MAHLE, Sanden Corp, Toyota Industries Corp, Valeo SA |
Other key industry trends
- In terms of revenue, North America region accounted for 21.3% of the global automotive hvac market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 41,100.0 million by 2030.
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Automotive HVAC Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hanon Systems | View profile | 1001-5000 | Daejeon, Taejon-jikhalsi, South Korea, Asia | http://www.hanonsystems.com |
| Brose Group | View profile | - | Coburg, Bayern, Germany, Europe | https://www.brose.com/ |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| Sanden Corp | View profile | 7873 | 20 Kotobuki-cho, Gunma, Isesaki, Japan, 372-8502 | https://www.sanden.co.jp |
| Valeo SA | View profile | 112740 | 100, rue de Courcelles, Cedex 17, Paris, France, 75017 | https://www.valeo.com |
| Toyota Industries Corp | View profile | 89245 | 2-1, Toyoda-cho, Kariya-shi, Aichi, Japan, 448-8671 | https://www.toyota-industries.com |
| MAHLE | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | https://www.mahle.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
North America automotive hvac market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive hvac market will help companies and investors design strategic landscapes.
Automatic was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America automotive hvac market based on automatic covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive hvac market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive hvac market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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