Automotive Multi-Zone HVAC System Market: Introduction
- The HVAC unit is a system that heats or cools air drawn from outside the vehicle and distributes it to the various passengers at the required temperature. Multi-zone HVAC systems provide thermal comfort to each of the vehicle occupant, i.e., multi-zone systems use additional air vent doors and actuators to separate airflow, enabling one side to have more heat than the other.
Key Drivers of Automotive Multi-Zone HVAC system Market
- Growing desire for comfort among passengers in automobiles is driving the automotive multi-zone HVAC system market. Multi-zone HVAC systems offers two variant temperatures for different seating, depending on personal preferences. The trend towards comfort is driving the multi-zone HVAC system market. Shifting consumer preference from sedan to SUVs and increasing disposable income of consumers have been propelling the demand for luxury cars around the world. Especially major economies such as U.S, Europe and China are witnessing a surge in the trend for luxury automotive vehicles. Consequently, this trend is further boosting the multi-zone HVAC systems market.
Challenges in Automotive Multi-Zone HVAC system Market
- The COVID-19 pandemic has affected domestic as well as global automotive supply chains, manufacturing and R&D operations, thereby hampering the automotive industry. Post first wave of COVID-19, global economies have started opening up automotive manufacturing and supply chain operations, thus the COVID impact on the industry have seems to reach a state of normalcy; however, a resurgence in COVID-19 cases in countries across European has forced governments to impose a second round of lockdown restrictions. Consequently, the uncertainty in the automotive industry continues. A gradual recovery in demand of automotive and ancillaries is anticipated in the next few months despite concerns around the risk of a second wave of infection in numerous countries and other geopolitical risks.
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Opportunities in Automotive Multi-Zone HVAC system Market
- Globalization has resulted in a challenging automotive manufacturing environment that is changing at a rapid pace, resulting in growing competition between international and domestic car manufacturers. The automotive industry is working hand-in-hand with major technology companies in order to deliver the most advanced, safest, and most comfortable vehicles in order to stay ahead of the competition. Increasing focus among automakers toward equipping more comfort features in their respective vehicles to promote vehicle sales as well as shifting customers’ interest towards comfort, well-being, and safety is increasingly influencing buyers of mid-range and compact-class vehicles. This is estimated to offer significant opportunity for the automotive multi-zone HVAC system market.
Europe to Dominate Automotive Multi-zone HVAC System Market
- Based on geography, the market in European region is expected to witness lucrative growth and will offer several growth opportunities to the automotive multi-zone HVAC system industry during the forecast period. Growth of the automotive multi-zone HVAC system market can be attributed to factors such as the high penetration percentage of luxury cars in the region. Germany, France, and the UK are the key markets for automotive seat massage systems in Europe.
Key Players Operating in Automotive Multi-Zone HVAC system Market
The global automotive multi-Zone HVAC system market is moderately consolidated. A few of the key players operating in the automotive multi-zone HVAC system market are:
- Hanon Systems
- Marelli Corporation
- Brose Fahrzeugteile Gmbh & Co. Kg
- Denso Corporation
- BorgWarner Inc.
- Gentherm Inc
- Johnson Electric Holdings Ltd
- Toyota Industries Corporation
- Sanden Corporation
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Global Automotive Multi-Zone HVAC system Market: Research Scope
Global Automotive Multi-Zone HVAC system Market, by Vehicle Type
- Passenger Vehicle
- Utility Vehicles
- Light Duty Vehicle
- Medium & Heavy Duty Trucks
- Buses & Coaches
Global Automotive Multi-Zone HVAC system Market, by Sales Channel
- Sales Channel
Global Automotive Multi-Zone HVAC system Market, by Sales Channel
Global Automotive Multi-Zone HVAC system Market, by Operation
Global Automotive Multi-Zone HVAC system Market, by Number of Zones
- 2 Zones
- 3 Zones
- 4 Zones
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
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2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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