The North America Automotive AC Compressor Market would witness market growth of 3.1% CAGR during the forecast period (2022-2028).
Automotive AC Compressors are becoming more cost-effective in terms of both manufacturing and operation owing to a number of new technologies that are entering the market. Installation of small, lightweight compressors is becoming increasingly widespread across all vehicle categories. Achieving fuel economy goals and lowering vehicle noise as well as vibration levels are also made easier by these technologies.
Air conditioning systems are now a standard feature in all types of vehicles, including light commercial vehicles (LCVs) as well as heavy commercial vehicles (HCV). The aftermarket fitting of AC systems in automobiles offers enormous opportunities in developing economies, and this trend is projected to continue for the next few years. The market is expanding due to an increase in vehicle production, a larger fleet on the road, and increased installation of amenities and comfort features in automobiles in the economy category.
Canada is North America's second-largest vehicle market after the United States. Imported vehicles make up about 75% of the new car market. In Canada, most foreign automakers have operations, and five of them, namely Ford, General Motors, Toyota, FCA, and Honda, also have local production lines. Both countries have similar regulatory settings for the auto sector, and more than 90% of their respective road safety laws are in sync. Better governing laws have increased the safety of vehicles manifold, which significantly attract more customers. Since the United States Mexico Canada Agreement (USMCA) was signed, the pace of electrification of passenger vehicles has increased, which has implications for the North American supply chain. The automotive AC compressor market is expanding significantly as a result of the high production of vehicles in the region.
The US market dominated the North America Automotive AC Compressor Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,958 million by 2028. The Canada market is poised to grow at a CAGR of 5.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 4.5% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles. Based on Compressor Type, the market is segmented into Variable Displacement, Fixed Displacement and Electric Compressor. Based on Drive Type, the market is segmented into Conventional and Electric. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive AC Compressor Market is Predict to reach $10.1 Billion by 2028, at a CAGR of 3.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.), Toyota Industries Corporation, Mitsubishi Heavy Industries Ltd., Subros Ltd, Mahle GmbH (Mahle Stiftung GmbH), Denso Corporation, Sanden Corporation (Hisense Home Appliances Group Co., Ltd), Valeo SA, and BorgWarner Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles
- Light Commercial Vehicles
By Compressor Type
- Variable Displacement
- Fixed Displacement
- Electric Compressor
By Drive Type
By Sales Channel
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
- Toyota Industries Corporation
- Mitsubishi Heavy Industries Ltd.
- Subros Ltd
- Mahle GmbH (Mahle Stiftung GmbH)
- Denso Corporation
- Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
- Valeo SA
- BorgWarner Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive AC Compressor Market, by Vehicle Type
1.4.2 North America Automotive AC Compressor Market, by Compressor Type
1.4.3 North America Automotive AC Compressor Market, by Drive Type
1.4.4 North America Automotive AC Compressor Market, by Sales Channel
1.4.5 North America Automotive AC Compressor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Automotive AC Compressor Market by Vehicle Type
3.1 North America Passenger Cars Market by Country
3.2 North America Heavy Commercial Vehicles Market by Country
3.3 North America Light Commercial Vehicles Market by Country
Chapter 4. North America Automotive AC Compressor Market by Compressor Type
4.1 North America Variable Displacement Market by Country
4.2 North America Fixed Displacement Market by Country
4.3 North America Electric Compressor Market by Country
Chapter 5. North America Automotive AC Compressor Market by Drive Type
5.1 North America Conventional Market by Country
5.2 North America Electric Market by Country
Chapter 6. North America Automotive AC Compressor Market by Sales Channel
6.1 North America OEM Market by Country
6.2 North America Aftermarket Market by Country
Chapter 7. North America Automotive AC Compressor Market by Country
7.1 US Automotive AC Compressor Market
7.1.1 US Automotive AC Compressor Market by Vehicle Type
7.1.2 US Automotive AC Compressor Market by Compressor Type
7.1.3 US Automotive AC Compressor Market by Drive Type
7.1.4 US Automotive AC Compressor Market by Sales Channel
7.2 Canada Automotive AC Compressor Market
7.2.1 Canada Automotive AC Compressor Market by Vehicle Type
7.2.2 Canada Automotive AC Compressor Market by Compressor Type
7.2.3 Canada Automotive AC Compressor Market by Drive Type
7.2.4 Canada Automotive AC Compressor Market by Sales Channel
7.3 Mexico Automotive AC Compressor Market
7.3.1 Mexico Automotive AC Compressor Market by Vehicle Type
7.3.2 Mexico Automotive AC Compressor Market by Compressor Type
7.3.3 Mexico Automotive AC Compressor Market by Drive Type
7.3.4 Mexico Automotive AC Compressor Market by Sales Channel
7.4 Rest of North America Automotive AC Compressor Market
7.4.1 Rest of North America Automotive AC Compressor Market by Vehicle Type
7.4.2 Rest of North America Automotive AC Compressor Market by Compressor Type
7.4.3 Rest of North America Automotive AC Compressor Market by Drive Type
7.4.4 Rest of North America Automotive AC Compressor Market by Sales Channel
Chapter 8. Company Profiles
8.1 Continental AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Hanon SYSTEMS (Hahn & Co. Auto Holdings Co., Ltd.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Research & Development Expenses
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition, Mergers and Joint Ventures:
8.2.4.2 Geographical Expansions:
8.3 Toyota Industries Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.4 Mitsubishi Heavy Industries Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 Subros Ltd
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Geographical Expansions:
8.6 Mahle GmbH (Mahle Stiftung GmbH)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.7 Denso Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.8 Sanden Corporation (Hisense Home Appliances Group Co., Ltd)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Valeo SA
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.10. BorgWarner Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
TABLE 1 North America Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 2 North America Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 3 North America Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 4 North America Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 5 North America Passenger Cars Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Passenger Cars Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 12 North America Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 13 North America Variable Displacement Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Variable Displacement Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Fixed Displacement Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Fixed Displacement Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Electric Compressor Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Electric Compressor Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 20 North America Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 21 North America Conventional Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Electric Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Electric Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 26 North America Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 27 North America OEM Market by Country, 2018 - 2021, USD Million
TABLE 28 North America OEM Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Aftermarket Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Aftermarket Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Automotive AC Compressor Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Automotive AC Compressor Market by Country, 2022 - 2028, USD Million
TABLE 33 US Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 34 US Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 35 US Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 36 US Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 37 US Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 38 US Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 39 US Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 40 US Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 41 US Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 42 US Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 43 Canada Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 44 Canada Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 45 Canada Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Canada Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Canada Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 48 Canada Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 49 Canada Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 50 Canada Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 51 Canada Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 52 Canada Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 53 Mexico Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 54 Mexico Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 55 Mexico Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 Mexico Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 Mexico Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 58 Mexico Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 59 Mexico Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 60 Mexico Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 61 Mexico Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 62 Mexico Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 63 Rest of North America Automotive AC Compressor Market, 2018 - 2021, USD Million
TABLE 64 Rest of North America Automotive AC Compressor Market, 2022 - 2028, USD Million
TABLE 65 Rest of North America Automotive AC Compressor Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 Rest of North America Automotive AC Compressor Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Rest of North America Automotive AC Compressor Market by Compressor Type, 2018 - 2021, USD Million
TABLE 68 Rest of North America Automotive AC Compressor Market by Compressor Type, 2022 - 2028, USD Million
TABLE 69 Rest of North America Automotive AC Compressor Market by Drive Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Automotive AC Compressor Market by Drive Type, 2022 - 2028, USD Million
TABLE 71 Rest of North America Automotive AC Compressor Market by Sales Channel, 2018 - 2021, USD Million
TABLE 72 Rest of North America Automotive AC Compressor Market by Sales Channel, 2022 - 2028, USD Million
TABLE 73 Key Information – Continental AG
TABLE 74 Key Information – Hanon Systems
TABLE 75 Key Information – Toyota Industries Corporation
TABLE 76 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 77 Key Information – Subros ltd
TABLE 78 Key information – Mahle GmbH
TABLE 79 key information – Denso Corporation
TABLE 80 Key Information – Sanden corporation
TABLE 81 key information – Valeo SA
TABLE 82 Key Information – BorgWarner Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Continental AG
FIG 3 Recent strategies and developments: Hanon SYSTEMS