Market Research Future (MRFR) has revealed in its latest
study that the Global Climate Control System for Commercial Vehicle Market is
projected to grow from USD 11,078.2 Mn in 2016 to USD 18,511.7 Mn in 2023. The
market is estimated to register a robust CAGR of 9.04% during the forecast
period 2018 to 2023.
The increasing concern with respect to carbon emission from
vehicles has resulted in an inclination towards legislative enforcements
regulating the efficiency of climate control systems. The thermal management in
vehicles is a crucial area of attention in the automobile industry, which is
estimated to propel the global climate control system market 2020.
Market Segmentation
·
On the
basis of commercial vehicle type, the market is divided into a cargo
van, trailers, minivan, truck, ambulance, bus, and others. The truck segment is
further sub-divided into light-duty, medium-duty, and heavy-duty.
·
On the
basis of component type, the market can be classified into the evaporator,
compressor, condenser, control valves, receiver-drier, actuators, evaporator,
thermostat, relays, sensors, coils, and others.
·
On the
basis of sales channel, the market has been divided into aftermarket and
OEMs. The OEM segment was anticipated as the dominating vertical in 2017
implementing its authority over 68.5% of share in the market.
·
On the
basis of electric commercial vehicle type, the market has been divided
into a fully electric vehicle and hybrid. The sub-division of fully electric
vehicle segment-voltage type is furthermore divided into 12V, 24V, 48V, 350V,
and 650V.
·
On the
basis of truck type application, the market is classified into the
long haul, specialty, and regional.
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Key Players
Some of the distinguished players as per the MRFR report are
Calsonic Kansei Corporation Mobile Climate Control, Red Dot Corporation, Sanden
Holdings Corporation, Valeo S.A, Bergstrom Inc., Hanon Systems, Denso
Corporation, Eberspächer, Webasto, Mahle GmbH, and Wabco.
Regional Analysis
On the basis of region, the market has been classified into
Asia Pacific, Europe, North America, and the Rest of the World.
The Asia Pacific is expected to pose a highly lucrative
market throughout the review period. The region is likely to experience a hike
in demand for commercial vehicles from the fast-expanding economies. Moreover,
the demand for electric cars has been increasing in China, which is most likely
to impact the expansion of the climate control system for the commercial
vehicle market. These elements are estimated to motivate the escalation of revenue
generation in the market.
The Americas presently acquire the largest share of the
market. It is most likely to maintain its place by the end of 2023. The merging
of major competitors in the market has made the competition ferocious and
resulted to rampant investments in the adoption of advanced technologies. The demand
for commercial vehicles along with the long hours being spent in cars by
customers has quickened the demand for upgraded comfort.
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Information: https://www.marketresearchfuture.com/reports/climate-control-system-commercial-vehicle-market-6328
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Climate control system for the commercial
vehicle Market Segmentation
8. Climate control system for the commercial
vehicle Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued…….…
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