Automotive HVAC And Cabin Comfort Systems Market

The worldwide market of automotive HVAC systems is anticipated to be around USD 105 million units in 2018. It is likely to earn USD 38 billion by the same year. The worldwide market of cabin comfort systems is likely to be estimated at about 491 million units in 2018. It is expected to collect revenue worth around USD 86 billion by the same year.

 

The combined Asian automotive HVAC and cabin comfort systems market is likely to rise during the next five years. This is anticipated to happen at a CAGR of about 10 percent. Asia has massive prospects for the market of automobiles. It has leaded the industry in the past years and is estimated to continue likewise in the coming years.

 

The combined European automotive HVAC and cabin comfort systems market is likely to be around USD 24 billion in 2018. The provincial markets of Europe are store to majority of the developed automobile firms, like Audi, Mercedes Benz and BMW. These firms have been utilizing these technologies in majority of their vehicles.

 

This has been propelling the demand for the automotive HVAC and cabin comfort systems market in this region. The combined American automotive HVAC and cabin comfort systems market is rising more rapidly than its equivalents in Europe. It is anticipated to reach second spot by the end of the forecast period.