Albany New York, Jan 05, 2018: A new market report by Transparency Market Research (TMR) states that the global automotive AC parts market has been observing a tremendous increase in its valuation and is predicted to continue witnessing high growth over the next few years. The research study, titled “Automotive A/C Parts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” offers a clear and detailed evaluation of this market, emphasizing on its past and present performance. The market boosters, growth barriers, key trends, opportunities, challenges, and the future potential of this market have also been examined while conducting this research.
As per the market report, the global market for automotive AC parts is significantly influenced by the rise in the automotive industry across the world. The decreasing fuel prices and lowering interest rates are encouraging people to purchase automobiles, which, consequently, are reflecting positively on the sales automotive AC parts. Going forward, the ongoing expansion of the aftermarket automotive parts industry is likely to boost the market for automotive AC parts in the years to come. The augmenting demand for fuel efficient vehicles is also expected to support the market’s growth over the next few years, states the report.
The research study has evaluated the global market for automotive AC parts on the basis of the type, technology, component, type of vehicle, and the region. Based on the type of automotive AC parts, the market has been classified into aftermarket AC parts and OEM AC parts, notes the research study.
Among the two, the aftermarket AC parts segment has a bigger market presence. By technology, the market has been categorized into manual AC, automatic AC, and semi-automatic AC. On the basis of component, the market has been segmented into evaporator, compressor, driver/receiver, and condenser. In terms of the vehicle type, the market has been bifurcated into passenger vehicles, heavy commercial vehicles (HCV), and light commercial vehicles (LCV), states the research report.
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In terms of the geography, the worldwide market for automotive AC parts has been divided into Asia Pacific, the Middle East and Africa, Western Europe, Eastern Europe, North America, and Latin America. The North America market for automotive AC parts is led by the U.S. and Canada and the market is Europe is dominated by Germany, reports the market study.
The business landscape of the worldwide market for automotive AC parts has also been evaluated thoroughly in this research report. TMR analysts have examined the key firms in this market, considering their current market share, future prospects, and their present, as well as upcoming projects in a bid to understand the hierarchy among them. ACDelco, Anchor Auto Parts, Calsonic Kansei Corp., MAHLE GmBH, Keihin Corp., Hanon Systems, Denso Corp., Delphi Automotive, Sanden, and OEX are some of the leading providers of automotive AC parts across the world, mentioned in this research report.