Market Research Future (MRFR) has launched a new release on the global Automotive Air Conditioning Market. The report presents a thorough overview of the global Automotive Air Conditioning Market on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period. Market Synopsis:
The global Automotive Air Conditioning Market is presumed to register a staggering CAGR during the forecast period (2016-2022) owing to the increasing demand for commercial and passenger vehicles, asserts Market Research Future (MRFR). Automotive air conditioning is the referred to as the process of removing heat from the interior part of the vehicle in order to provide comfort of the occupants. One of the essential components of a vehicle, air conditioning uses ventilation, integrated heating, and air conditioning systems in vehicles. Most of the vehicles are nowadays equipped with manual or automatic air conditioning systems.
Drivers Analysising the Market
With the increasing demand for commercial and passenger vehicles, initiatives from the government to build advanced air conditioning system, and change in consumer preferences are considered some of the major factors influencing the global Automotive Air Conditioning Market. There also has been rise in the production of commercial and passenger vehicles over the recent past especially in regions such as Japan, China, and India owing to the availability of low-cost labor. The rising sales of new vehicles will lead to higher installation of air conditioning in vehicles. This is further estimated to contribute to the growth of the market. Moreover, with the increase in disposable income, consumers will prefer to adopt advanced air conditioning systems, thereby fueling the market growth. Also, advancement in technology from manual to automatic air conditioning will result in growth of the market.
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Automotive air conditioner system also helps to disinfect the air we breathe, thereby decreasing the attack of asthma and allergies by removing pollen and dust. The latest features such as Cadillac and comfort control are further triggering the demand for Automotive Air Conditioning Market during the assessment period.
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