Press release
Automotive AC Compressor Market Size, Share, Trends And Global Forecast 2023-2032
Automotive AC Compressor Market Report
Automotive AC Compressor Market Size, Growth Rate, And Forecast:
The global automotive AC compressor market size is expected to grow from $8.54 billion in 2022 to $8.89 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive AC compressor market size is expected to reach $10.26 billion in 2027 at a CAGR of 3.7%.
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Automotive AC Compressor Market Drivers:
The increasing automotive production is expected to propel the growth of the automotive AC compressor market going forward. Automotive production refers to the process of manufacturing automobiles, including the assembly of various components and systems to create a finished vehicle. Automotive compressors are used in automotive for compressing and circulating refrigerant gases in the air conditioning systems of vehicles. Hence, the increase in automotive production will rise the demand for automotive AC compressors.
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Automotive AC Compressor Market Segments
•By Compressor: Variable Displacement, Fixed Displacement, Electric Compressor
•By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
•By Drive Type: Electric, Conventional
•By Sales Channel: Original Equipment Manufacturer (OEM), Replacement
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive AC compressor market.
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Automotive AC Compressor Market Key Players:
Major competitors in the automotive AC compressor market include Continental AG, Toyota Industries Corporation, Hanon Systems, Calsonic Kansei Corporation, Subros Limited, DENSO Corporation, Hella Gmbh Co KGaA, MAHLE GmbH, Keihin Co. Ltd., Nissan Motor Co. Ltd., Mitsubishi Heavy Industries Ltd., Robert Bosch GmbH, BorgWarner Inc., Michigan Automotive Compressor Inc., Yantai Shougang DENSO Co. Ltd., HELLA GmbH & Co KGaA, Zhejiang Santian A/C Compressor Co. Ltd., Smiths Manufacturing Pty. Ltd., Gardner Denver, and General Auto Electric Corporation.
The Business Research Company's "Global Automotive AC Compressor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive AC Compressor Market Include:
1. Executive Summary
2. Automotive AC Compressor Market Characteristics
3. Automotive AC Compressor Market Trends And Strategies
4. Automotive AC Compressor Market - Macro Economic Scenario
5. Automotive AC Compressor Market Size And Growth
....
26. Africa Automotive AC Compressor Market
27. Automotive AC Compressor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive AC Compressor Market
29. Automotive AC Compressor Market Future Outlook and Potential Analysis
30. Appendix
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