Automotive Air Conditioner Compressor Market by Vehicle (Light Commercial Vehicles, Passenger Cars, Medium & Heavy Commercial Vehicles), Sales Channel (OEM, Aftermarket), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

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The Automotive AC Compressor Market size surpassed USD 8.2 billion in 2020 and is estimated to reach USD 11.05 billion at 3.8% CAGR from 2021 to 2028.

The compressor is a part of the air conditioner that raises the temperature and pressure of the vapour refrigerant. The compressor must raise its temperature to complete the heat removal process from the condenser. The air compressor is the most crucial component in the operation of an air conditioner. As a result of the increased use of air conditioning in vehicles, the automotive air conditioner compressor industry is growing. The air conditioning compressor, like the heart in a human body, circulates the system's lifeblood, in this case, the refrigerant, which is necessary for the proper operation of the air conditioning (A/C) system; in short, it moves the gas from the evaporator, compresses it, and delivers it at high pressure and high temperature to the condenser, where it is converted into a cooling gas that cools the air in the room. As a result, you'll want to install a high-quality compressor that's designed to provide speedier comfort, better fuel economy, and lower emissions.

The global automotive air conditioner compressor market is expected to develop rapidly in the following years, owing to the rapid increase in automobile production in major economies and the rising installation of superior comfort amenities in inexpensive cars. Consumer demand for vehicle comfort is increasing, as is automotive production and automobile ownership. These are the primary reasons driving the growth of the automotive AC compressor market. As the population grows, so does the demand for automobiles. Due to COVID-19, however, there is no traffic and no need for vehicles, putting the automotive AC compressor industry at a disadvantage. The automotive AC compressor market is expected to see opportunities in the near future since compressors remove heat and offer cooling inside automobiles.

This study delivers a comprehensive analysis of vehicles, sales channels, and regions. The vehicle segment includes light commercial vehicles, passenger cars, and medium & heavy commercial vehicles. The passenger cars segment held the largest market share. Increasing car sales in nations like China and India are the key reasons behind this. Passenger automobiles account for over 80% of total automobile production worldwide.

Furthermore, the category is likely to lead the market throughout the projection period. The sales channel segment includes OEM aftermarket. The OEM segment holds the largest market share. In 2028, the OEM sales channel is expected to account for roughly 95% of the automotive AC compressor market. The category penetration is expanding due to increased car manufacturing to fulfill rising demand.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific (APAC) is expected to remain the largest market for automotive air conditioner compressors in the future years due to rising automobile sales in developing economies like China and India. Furthermore, the automobile air conditioner compressor market is predicted to increase in these nations due to improving infrastructure and rising disposable income.

The automotive AC compressor market players include Toyota Industries, Denso Corporation, Automotive Thermal Systems Co., Ltd., Standard Motor Product Inc., Mitsubishi Heavy Industries, Nissens, SANDEN, Hanon Systems, MAHLE, Subros, and Aotecar New Energy Technology Co., Ltd.

Automotive Air Conditioner Compressor  Market Analysis and Forecast, Vehicle

  • Light Commercial Vehicles
  • Passenger Cars
  • Medium & Heavy Commercial Vehicles

Automotive Air Conditioner Compressor  Market Analysis and Forecast, Sales Channel

  • OEM
  • Aftermarket

Automotive Air Conditioner Compressor  Market Analysis and Forecast, Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of Mea

Report Description:

  • The base year for the study has been considered 2020, historic year 2018 and 2019, the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of global market for all segments and region
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Vehicle
          4.3.2. Market Attractiveness Analysis By Sales Channel
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rapid increase in automobile production in major economies.
          5.2.2. Consumer demand for vehicle comfort is increasing.
    5.3. Restraints
          5.3.1. No traffic and no demand for vehicles.
    5.4. Opportunities
          5.4.1. Compressors remove heat and offer cooling inside automobiles.
6. Global Automotive Air Conditioner Compressor Market Analysis and Forecast, By Vehicle
    6.1. Segment Overview
    6.2. Light Commercial Vehicles
    6.3. Passenger Cars
    6.4. Medium & Heavy Commercial Vehicles
7. Global Automotive Air Conditioner Compressor Market Analysis and Forecast, By Sales Channel
    7.1. Segment Overview
    7.2. OEM
    7.3. Aftermarket
8. Global Automotive Air Conditioner Compressor Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global Automotive Air Conditioner Compressor Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Automotive Air Conditioner Compressor Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Sales Channel Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Toyota Industries
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Sales Channel Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Denso Corporation
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Sales Channel Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Automotive Thermal Systems Co., Ltd.
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Sales Channel Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Standard Motor Product Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Sales Channel Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Mitsubishi Heavy Industries
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Sales Channel Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Nissens
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Sales Channel Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. SANDEN
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Sales Channel Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Hanon Systems
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Sales Channel Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. MAHLE
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Sales Channel Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Subros
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Sales Channel Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Aotecar New Energy Technology Co., Ltd.
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Sales Channel Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis

List of Table

1. Global Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

2. Global Light Commercial Vehicles, Automotive Air Conditioner Compressor Market, By Region, 2021 -2028(USD Billion) 

3. Global Passenger Cars, Automotive Air Conditioner Compressor Market, By Region, 2021 -2028(USD Billion)

4. Global Medium & Heavy Commercial Vehicles, Automotive Air Conditioner Compressor Market, By Region, 2021 -2028(USD Billion)

5. Global Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

6. Global OEM, Automotive Air Conditioner Compressor Market, By Region, 2021 -2028(USD Billion)

7. Global Aftermarket, Automotive Air Conditioner Compressor Market, By Region, 2021 -2028(USD Billion)

8. North America Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

9. North America Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

10. U.S. Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

11. U.S. Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

12. Canada Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

13. Canada Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

14. Mexico Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

15. Mexico Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

16. Europe Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

17. Europe Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

18. Germany Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

19. Germany Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

20. France Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

21. France Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

22. U.K. Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

23. U.K. Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

24. Italy Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

25. Italy Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

26. Spain Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

27. Spain Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

28. Asia Pacific Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

29. Asia Pacific Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

30. Japan Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

31. Japan Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

32. China Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

33. China Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

34. India Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

35. India Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

36. South America Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

37. South America Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

38. Brazil Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

39. Brazil Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

40. Middle East and Africa Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

41. Middle East and Africa Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

42. UAE Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

43. UAE Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

44. South Africa Automotive Air Conditioner Compressor Market, By Vehicle, 2021 -2028(USD Billion)

45. South Africa Automotive Air Conditioner Compressor Market, By Sales Channel, 2021 -2028(USD Billion)

List of Figures 

1. Global Automotive Air Conditioner Compressor Market Segmentation

2. Global Automotive Air Conditioner Compressor Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Automotive Air Conditioner Compressor Market Attractiveness Analysis By Vehicle

9. Global Automotive Air Conditioner Compressor Market Attractiveness Analysis By Sales Channel

10. Global Automotive Air Conditioner Compressor Market Attractiveness Analysis By Region

11. Global Automotive Air Conditioner Compressor Market: Dynamics

12. Global Automotive Air Conditioner Compressor Market Share by Vehicle(2021 & 2028)

13. Global Automotive Air Conditioner Compressor Market Share by Sales Channel (2021 & 2028)

14. Global Automotive Air Conditioner Compressor Market Share by Regions (2021 & 2028)

15. Global Automotive Air Conditioner Compressor Market Share by Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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