According to the report, the global automotive AC compressor market is projected to surpass US$ 30.4 Bn by 2031, expanding at a CAGR of ~3% during the forecast period. Disposable income of the global population is rising at a steady pace. For instance, according to the statistics of the World Bank Group, the GDP of the global population, which is measured in terms of purchasing power parity, has tripled over the past few decades. This increase in purchasing power of the global population has led to rise in sale of vehicles across the globe. This increase in sales of vehicles is a major factor driving the global automotive AC compressor market.
The popularity of electric vehicles is increasing rapidly worldwide. The Global EV Outlook 2019 report of International Energy Agency stated that sale of electric cars witnessed 40% year-on-year growth in 2019 with a total sale of 2.1 million electric cars worldwide. These electric vehicles have complex electronic components and large battery pack that generates high heat and needs continuous cooling. This cooling requirement has made AC an important component of these vehicles and thus, rising sale of electric vehicles is propelling the global automotive AC compressor market.
The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Automotive AC Compressor market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.
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Automotive AC Compressor Market: Industry Trends and Value Chain
The study on the Automotive AC Compressor market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
Automotive AC Compressor Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
- What are some of the recent brand building activities of key players undertaken to create customer value in the Automotive AC Compressor market?
- Which companies are expanding litany of products with the aim to diversify product portfolio?
- Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Automotive AC Compressor market?
- Which companies have expanded their horizons by engaging in long-term societal considerations?
- Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
- What are the marketing programs for some of the recent product launches?
The list of key players operating in the Automotive AC Compressor market includes following names:
- Behr Hella Service GmbH
- Calsonic Kansei Corporation
- Continental AG
- Hanon Systems
- Keihin Corporation
- Michigan Automotive Compressor, Inc.
- SANDEN
- Subros Limited
- MAHLE Group
- BorgWarner Inc.
- Robert Bosch GmbH
- DENSO CORPORATION
- TD Automotive Compressor Georgia Toyota Industries Corporation
- Valeo SA
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Automotive AC Compressor Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
Which regions are witnessing rise in investments in the supply chain networks?
- Which countries seems to have benefitted from recent import and export policies?
- Which regions have witnessed decline in consumer demand due to economic and political upheavals?
- Which are some the key geographies that are likely to emerge as lucrative markets?
- Which regions are expected to lose shares due to pricing pressures?
- Which regions leading players are expected to expand their footprints in the near future?
- What are some the sustainability trends impacting the logistics and supply chain dynamics in the Automotive AC Compressor market?
- What are some of the demographic and economic environments that create new demand in developing economies?
- How are changing government regulations shaping business strategies and practices?
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