The global climate control system for commercial vehicle market is estimated to reach a valuation of USD 37,450 Million in 2030 and is expected to expand at an impressive growth rate during the forecast period (2022-2030).
The automotive sector is highly competitive, therefore, keeping at par with other market contenders is extremely important for survival. There has been a constant focus on improving the occupant experience, prompting carmakers to go the extra mile in the process. Integration of climate control systems in commercial vehicles is yet another instance of how the automotive industry is evolving its products using new-age technologies. The addition of the technology allows optimization of in-car climate irrespective of the external condition. The feature is gaining popularity as comfort continues to be the top priority for vehicle owners. Demand for climate control systems integration for commercial vehicles is expected to witness a considerable upsurge in the forthcoming years.
Global Climate Control System for Commercial Vehicles Market Trends
Integration of smart connecting devices with the advancement in energy-efficient technologies and the growing trend of safety first is aiding the market's growth.
Climate control systems integration in commercial vehicles is also becoming increasingly connected as the trend toward smart and connected vehicles continues. Fleet managers can maximize the operation of temperature control systems with the employment of connected HVAC solutions for commercial vehicles, which enables remote monitoring and control. Additionally, this connectivity makes it easier to perform preventative maintenance and temperature regulation in trucks, which in turn reduces the amount of time that commercial fleets are offline and improves their overall operational efficiency.
The creation and implementation of more energy-efficient technologies are two of the most important factors that are driving the climate control system for commercial vehicle market. The manufacturers are making investments in research and development to produce temperature control systems that can be installed for cabin comfort in commercial vehicles, which also aids in reducing the amount of energy that is consumed for conditioning, which contributes to the overall efficiency of fuel consumption. This is of utmost significance in the commercial vehicle industry, since the cost of gasoline constitutes a considerable portion of the overall operational expenses.
The global climate control system for commercial vehicle market is primarily divided into component type, commercial vehicle type, and application type.Â
The said market when segmented based on component type, is further sub-segmented as compressor, condenser, receiver-drier, evaporator, control valves, actuators, thermostat, coils, relays, sensor, and others. Out of which, the compressor is the leading sub-segment with a major market share among other segments. Functioning as the central element of the Climate Control System for heavy-duty vehicle cooling systems, the compressor is an essential component. The principal purpose of this apparatus is to facilitate the heat exchange process by compressing and pressurizing the refrigerant gas. Efficient design of advanced compressors contributes to energy conservation and enhanced system performance. The increasing prevalence of variable-speed compressors has resulted in improved energy efficiency and passenger comfort by enabling precise control of refrigeration capacity in response to real-time demands. In response to the space and weight restrictions that are characteristic of commercial vehicles, manufacturers are emphasizing the development of compressors that are both compact and lightweight.Â
Considering the commercial vehicle type, the truck segment has the highest market share, while in application type, the long haul segment dominates the market share.
The global climate control system for commercial vehicle market is primarily studied across four major regions namely, North America, Europe, Asia-Pacific and the Rest of the World. Among these regions, the North American region is set to dominate the global market share. A strong emphasis is placed on regulatory compliance and cutting-edge technologies in the Climate Control System for Commercial Vehicle Market in North America. Strict emission regulations and an emphasis on sustainability have contributed to an increase in the region's need for energy-efficient and eco-friendly systems. Climate control solutions that prioritize driver convenience and are in line with the region's dedication to mitigating the environmental consequences of transportation are given priority by commercial vehicle operators in North America. Constraints such as the adoption of alternative refrigerants to comply with evolving regulations and the incorporation of intelligent features impact the market.
A strong regulatory framework and an acute awareness of environmental concerns are characteristics of the Europe & CIS Climate Control System for Commercial Vehicle Market. European nations place a high value on low-emission and energy-efficient technologies, which have a significant impact on the development and implementation of climate control systems. An emphasis is placed on sustainable refrigerants, intelligent controls, and novel heating and cooling solutions. In line with the region's dedication to environmentally sustainable and fuel-efficient transportation, European commercial vehicle manufacturers and operators are actively pursuing state-of-the-art climate control systems that not only improve the comfort of passengers but also ensure precise adherence to emission regulations.
The Asia-Pacific is a dynamic and diverse region in the global commercial vehicle climate control system market. Diverse trends are observed in nations such as China, Japan, and India, which are all impacted by factors such as economic expansion, urban development, and the rapid growth of the commercial vehicle industry. Priority is given in China to the implementation of sophisticated climate control technologies to accommodate the demands of the logistics sector's accelerated expansion. Recognized for its technological prowess, Japan prioritizes intelligent functions and energy efficiency. Amidst the considerable variation in climatic conditions across India, there is an increasing need for resilient and flexible systems. Additionally, a shift toward electric and hybrid commercial vehicles influences climate control requirements in the Asia-Pacific region, which is consistent with evolving trends.
Numerous businesses that are operating in the climate control system for commercial vehicle market are concentrating on organic growth strategies, including patents, events, and product introductions and approvals. As observed in the entire market, inorganic growth strategies included acquisitions, partnerships, and collaborations. As the demand for climate control systems for commercial vehicles increases, it is anticipated that market participants will have access to lucrative growth opportunities in the coming years. A limited number of companies operating in the market for climate control systems for commercial vehicles are listed below.
April 2020 -
In April 2020, HVAC manufacturer Swegon, headquartered in the United Kingdom, acquired air terminal specialist Waterloo Air Products in April 2020. The acquisition will provide the company with air terminal experience and specialized knowledge in the custom-building industry.
January 2021 -Â
In January 2021, DENSO Corporation signed a merger and acquisition deal with its wholly owned subsidiary DENSO IT Solutions Inc., to facilitate the utilization and application of data and application of data and advance the organization-wide digitization strategy.Â
December 2020 -Â
In December 2020, MAHLE, one of the leading companies globally, signed a purchase agreement with Keihin Corporation to expand its business globally in the air conditioning market segment to improve its market access.
| Report Attribute/Metric | Details |
| Market Size 2030 | USD 37,450 Million |
| Compound Annual Growth Rate (CAGR) | 7%(2022-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Vehicle Type, Application, E-Commercial Vehicle Type, Sales Channel |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Valeo S.A, Sanden Holdings Corporation, Hanon Systems, Denso Corporation, Eberspächer, Bergstrom Inc., Webasto, Red Dot Corporation, Mahle GmbH, Calsonic Kansei Corporation Mobile Climate Control, and Wabco. |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Dynamics | Increasing initiatives being undertaken by the governments for reducing carbon footprints |
Climate Control System Commercial Vehicle Market Highlights:
Frequently Asked Questions (FAQ) :
The climate control system for commercial vehicle market is expected to thrive at a considerably high 7% CAGR by 2030.
By 2030, the climate control system for commercial vehicle market can value at USD 37,450 Million.
Webasto, Mahle GmbH, Calsonic Kansei Corporation Mobile Climate Control, and Red Dot Corporation are some reputed names in the climate control system for commercial vehicle market.
Truck, minivan, ambulance, bus, trailer, and cargo van are commercial vehicles that use climate control systems.
The increase in demand for well-equipped vehicles can prompt the climate control system for commercial vehicle market growth.
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