Automotive Air Conditioning Market Size, Share, Growth Analysis, By Technology (Manual, Automatic), By Vehicle Type(Passenger Vehicle, Commercial Vehicle), By Component(Compressor, Evaporator, Receiver, Condenser), By Distribution Channel(Original Equipment Manufacturer (OEMs), Aftermarket), By Region - Industry Forecast 2024-2031

The North America region is dominating the market significantly. Besides, the US. automotive air conditioning market held the largest market share, and the Canadian automotive air conditioning market is the fastest growing market in the North America region. North America has a strong auto industry, and the United States is one of the largest auto markets in the world. The presence of leading automotive manufacturers and suppliers drives the demand for air conditioners in the vehicles manufactured and sold in the region.

The Asia Pacific region is expected to grow significantly owing to the proximity of major automakers, the generation of luxury vehicles and the rising demand for automobiles in manufacturing countries such as India, South Korea and China. Government activities are needed to revive the car trade and keep the market going next year. For example, the Government of India encourages foreign investment through planned courses in the automobile industry to bring new products to the market. Asia-Pacific is home to some of the world’s largest automakers including Japan, China, South Korea and India. The growing regional automotive industry is driving demand for air conditioners, both for domestic consumption and export markets.