Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Climate Control System Market Research | Page 2

Manufactures of the automotive industry have been able to tap in these additional revenue
streams by adding these features in vehicles and in turn creating a significant market for
the automotive climate control market. Through technological development manufacturers
are focusing on making such features more user friendly and thus pushing the demand in
the automotive climate control market.
Based on vehicle type, the passenger vehicle market segment accounted for 63% of the
global market in 2016. With the increase in income levels the passenger vehicle market
segment has witnessed a significant rise in production and sales, which resulted in a
number of developments of the market. For instance, In January 2014, Denso Corporation
developed a new automotive climate control unit, which can be used for a wide variety of
vehicles, ranging from compact to luxury cars. The increasing need of passenger’s comfort,
changing preferences and life style, rapid urbanization, emerging economies, and several
other factors have resulted in the growth of the market in the passenger vehicles.
Therefore, the passenger vehicle segment is expected to grow at the highest CAGR, during
the forecast period.
On the other hand, the commercial vehicle market segment comprised of almost 37% of the
global market. Due to the rise in commercial vehicles for shipping operations, the market
segment is expected to witness a rapid growth, during the forecast period. The cut throat
competition in the automotive industry has resulted in major manufacturers offering
integrated climate control system in commercial vehicles and entry level and budget
vehicles, in order to acquire a greater market share and thus rendering the products of
other competitors obsolete. The availability of such features in commercial vehicles will
result in the new revenue streams for the manufacturers of these system. As a result, it is
expected that the market would grow at a CAGR of 11.98%, during the forecast period.
Climate control in automotive is mean to provide comfortable sitting environment inside
the vehicles. Over the last few years, the increase in the use of air condition in automotive
has pushed the demand for automotive climate control in the global market. Automotive
climate control is mainly refers as the integrated HVAC system in vehicles. In 2016,
the global automotive climate control system market was valued at USD 9,461.7 million.
The report for Global Automotive Climate Control System Market of Market Research
Future comprises of extensive primary research along with the detailed analysis of
qualitative as well as quantitative aspects by various industry experts, key opinion leaders
to gain the deeper insight of the market and industry performance. The report gives the
clear picture of current market scenario which includes historical and projected market
size in terms of value and volume, technological advancement, macro economical and
governing factors in the market. The report provides details information and strategies of