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India Automotive HVAC Market

India Automotive HVAC Market Size, Share, Analysis, Forecast: By Technology: Manual, Automatic; By Component: Evaporator, Compressor, Condenser, Expansion Valve, Receiver-drier, Others; By Propulsion Type: IC Engine, Electric Powered; By Vehicle Type: Passenger Cars, Others; Regional Analysis; Competitive Landscape; 2024-2032

India Automotive HVAC Market Outlook

The India automotive HVAC market size is expected to grow at a CAGR of 10.30% between 2024 and 2032, driven by the growing demand for capable HVAC systems, increasing disposable income, and rising sales of automotives.

 

Key Trends in the Market

Automotive HVAC refers to the system which regulates the interior temperature of the vehicles through heating, ventilation, and air conditioning (HVAC). It consists of three subsystems, namely heating, cooling, and air conditioning, which operate cohesively to deliver filtered air to the car's cabin and ensure the comfort of the drivers and passengers in terms of temperature. Automotive HVAC systems regulate air temperature, check the amount of moisture in the air, and remove excess humidity from the air flow.

 

  • One of the key India automotive HVAC market trends projected to fuel the growth of the market includes the rising sales of vehicles and the increasing popularity of premium vehicles. Automatic heating, ventilation, and air conditioning (HVAC) systems, such motorised and heated seats and power windows, are found in many luxury automobiles, as they boost the comfort within the car. High levels of comfort influence buyers to purchase expensive cars.
  • A number of technological advancements, such as the development of energy-saving and environmentally friendly vehicle HVAC systems in response to the general public's growing environmental consciousness, are fuelling the market's expansion. In addition, the introduction of new HVAC systems with cutting-edge capabilities that help demist windscreens, defrost windows, and dehumidify air while improving passenger comfort is having a favourable impact on the India automotive HVAC market growth.
  • In vast parts of the country, tropical weather can be witnessed, resulting in an increased need for HVAC systems within automotives. In order to improve their consumer value proposition, private automobile rental companies like Uber, Ola, Lyft, and Sidecar now mandate air conditioning as a minimum need, which is expected to propel the market growth in India.

 

india automotive hvac market

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India Automotive HVAC Market Analysis

Based on technology, the market is bifurcated into manual and automatic. The market on the basis of component is segmented into evaporator, compressor, condenser, expansion valve, and receiver-drier, among others. On the basis of propulsion type, the India automotive HVAC market report is divided into IC engine and electric powered. On the basis of vehicle type, the market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. The regional markets for automotive HVACs can be divided into North India, East and Central India, West India, and South India. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India automotive HVAC market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Subros Limited
  • Denso Corporation
  • Sanden Vikas (India) Ltd.
  • MAHLE GmbH
  • Valeo
  • Hanon Systems
  • Delphi Technologies
  • Samvardhana Motherson Group
  • Air International Thermal Systems
  • Others

 

india automotive hvac market by segments

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Market Share by Technology

The automatic technology market share for automotive HVAC systems is expected to grow significantly over the upcoming years due to its ease of use. Several sensors are included in automatic HVAC systems, which regulate the temperature and humidity inside of automobiles, providing comfort for both drivers and passengers. Globally expanding luxury vehicle manufacturing is driving up demand for HVAC systems that are entirely automatic, influencing the India automotive HVAC market price. 

 

Changing customer preferences and the rising popularity of luxury vehicles are driving the demand for automatic automobile HVAC systems. Also, the development of HVAC technologies such as automatic temperature management, automatic air recirculation, and automatic fogging sensors are increasing the India automotive HVAC market demand.

 

Market Share by Vehicle Type

Throughout the forecast period, by vehicle type, the passenger car segment is anticipated to increase at a high CAGR. The primary drivers of the expansion of the automotive HVAC market in the passenger segment are the rise in disposable incomes and the increasing accessibility of various financing options for vehicle purchasing. Since owning a car is becoming more and more prevalent, the India automotive HVAC market share is expected to increase significantly.

 

As per India automotive HVAC market research, due to better financial plans and rural demand, demand for automotive HVAC systems in light commercial vehicles (LCVs) is also anticipated to increase at a healthy rate. Over the projected period, the segment's expansion is likely to be supported by the booming e-commerce and logistics industries as well as the rising demand for fleets to offer last-mile connectivity.

 

india automotive hvac market by region

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Competitive Landscape

Subros Limited, a joint venture public limited company established in 1985, is a top producer of thermal goods for automotive applications in India. Subros manufacturers compressors, condensers, heat exchangers, and all other connecting parts needed to complete an AC loop. The company has its headquarters in New Delhi, India, and serves all market segments, including passenger cars, buses, trucks, refrigeration transport, off-roaders, residential air conditioners, and railways.

 

Denso Company has its headquarters in Aichi, Japan and was established in 1949. It is one of the biggest manufacturers of automotive technology and parts. Its products are found in nearly all cars on the road today. Global automotive component maker DENSO offers cutting-edge automotive technology, systems, and solutions. 

 

MAHLE GmbH, with its headquarters in Stuttgart, Germany is one of the leading global suppliers and development partners for the automobile industry as well as a pioneer and technological leader for future mobility. Since its establishment in 1920, MAHLE has produced filters, pump systems, and oil coolers for use in engines and transmissions, all of which are intended to prolong engine performance and lifespan and lower emissions.

 

Other market players include Sanden Vikas (India) Ltd., Valeo, Hanon Systems, Delphi Technologies, Samvardhana Motherson Group, and Air International Thermal Systems, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Component
  • Propulsion Type
  • Vehicle Type
  • Region
Breakup by Technology
  • Manual
  • Automatic
Breakup by Component
  • Evaporator
  • Compressor
  • Condenser
  • Expansion Valve
  • Receiver-drier
  • Others
Breakup by Propulsion Type
  • IC Engine
  • Electric Powered
Breakup by Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis 
  • Porter's Five Forces Analysis 
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Subros Limited
  • Denso Corporation
  • Sanden Vikas (India) Ltd.
  • MAHLE GmbH
  • Valeo
  • Hanon Systems
  • Delphi Technologies
  • Samvardhana Motherson Group
  • Air International Thermal Systems
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    India Automotive HVAC Market Overview

    8.1    Key Industry Highlights
    8.2    India Automotive HVAC Historical Market (2018-2023) 
    8.3    India Automotive HVAC Market Forecast (2024-2032)
9    India Automotive HVAC Market by Technology
    9.1    Manual
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Automatic
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    India Automotive HVAC Market by Component
    10.1    Evaporator
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Compressor
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Condenser
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Expansion Valve
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Receiver-drier
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    India Automotive HVAC Market by Propulsion Type
    11.1    IC Engine
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Electric Powered
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    India Automotive HVAC Market by Vehicle Type
    12.1    Passenger Cars
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Light Commercial Vehicle
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Heavy Commercial Vehicle
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
13    India Automotive HVAC Market by Region
    13.1    North India
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    East and Central India
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    West India
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South India
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Subros Limited
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Denso Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Sanden Vikas (India) Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    MAHLE GmbH
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Valeo
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Hanon Systems
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Delphi Technologies
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Samvardhana Motherson Group
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Air International Thermal Systems
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    India Automotive HVAC Market: Key Industry Highlights, 2018 and 2032
2.    India Automotive HVAC Historical Market: Breakup by Technology, 2018-2023
3.    India Automotive HVAC Market Forecast: Breakup by Technology, 2024-2032
4.    India Automotive HVAC Historical Market: Breakup by Vehicle Type, 2018-2023
5.    India Automotive HVAC Market Forecast: Breakup by Vehicle Type, 2024-2032
6.    India Automotive HVAC Historical Market: Breakup by Region, 2018-2023
7.    India Automotive HVAC Market Forecast: Breakup by Region, 2024-2032
8.    India Automotive HVAC Market Structure

Key Questions Answered in the Report

The automotive HVAC market in India is projected to grow at a CAGR of 10.30% between 2024 and 2032.

The major drivers of the market include increasing sales of vehicles, rising disposable income, and growing popularity and accessibility of luxurious automobiles.

Technological innovations, introduction of energy-efficient and eco-friendly automotive HVAC systems, and launch of new HVAC systems with advanced features are the key trends propelling the growth of the market.

The major regions in the market are North India, East and Central India, West India, and South India.

The various technologies in the market are manual and automatic.

The different components in the market are evaporator, compressor, condenser, expansion valve, and receiver-drier, among others.

The vehicle types in the market are passenger cars, light commercial vehicle, and heavy commercial vehicle.

An automotive HVAC system circulates hot and cold air over a systematised piping network in order to create warm and cool air.

The primary purposes of automotive HVAC systems are heating, ventilation, and air conditioning, so as to maintain a comfortable interior environment and a high level of indoor air quality.

The major players in the India automotive HVAC market are Subros Limited, Denso Corporation, Sanden Vikas (India) Ltd., MAHLE GmbH, Valeo, Hanon Systems, Delphi Technologies, Samvardhana Motherson Group, and Air International Thermal Systems, among others.

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