India Passenger Car Air Conditioners Market By Vehicle Type (Hatchback, MUV, Sedan & CUV), By Technology (Automatic & Manual/Semi-Automatic), By Compressor Type (Variable Displacement & Fixed Displacement), Competition Forecast & Opportunities, 2023

India passenger car air conditioners market stood at over $ 603 million in 2017 and is forecast to grow at a CAGR of around 10%, to surpass $ 1 billion by 2023. Anticipated growth in the market can be attributed to growing investments in automotive and auto-ancillaries sector, rising local manufacturing due to ‘Make in India’ initiative and virtual simulation and prototyping for optimization in design, cooling, airflow and space of automotive air conditioning systems. Moreover, technological advancements in air conditioning systems such as secondary loop mobile air conditioning system to reduce air pollution and global warming is further anticipated to propel India passenger car air conditioners market in the coming years.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• The primary objective of the study is to understand and gain insights about the India passenger car air conditioner market and its segmental analysis By Vehicle type, By Technology, By Compressor Type and By Region.
• To estimate and forecast market size of India passenger car air conditioner market.
• To categorize and forecast India passenger car air conditioner market by vehicle type such as By Vehicle Type (Hatchback, Multi & Sports Utility Vehicle, Sedan and Compact Utility Vehicle).
• To categorize and forecast India passenger car air conditioner market by Technology - Automatic and Manual/Semi-Automatic.
• To categorize and forecast India passenger car air conditioner market by compressor type - Variable Displacement and Fixed Displacement.
• To categorize and forecast India passenger car air conditioner market by region - North, East, West and South.
• To identify major drivers & challenges for India passenger car air conditioner market.
• To identify major trends in India passenger car air conditioner market.
• To profile major companies operating in India passenger car air conditioner market.

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Few of the major players operating in India passenger car air conditioner market include Subros Limited, Hanon Automotive Systems India Private Limited, MAHLE Behr India Pvt. Ltd., Sanden Vikas (India) Ltd., DENSO Thermal Systems Pune Private Limited, TATA AutoComp Systems Limited, Mitsubishi Heavy Industries India Pvt. Ltd, Samvardhana Motherson Group (SMG) and Aptiv PLC.

To analyze and forecast India passenger car air conditioner market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in India passenger car air conditioner market was also undertaken. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for passenger car air conditioner market in India. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major automotive players were studied and projects which have commissioned in the country were identified.

Various secondary sources such as white papers and secondary literature on passenger car air conditioner, Ministry of Commerce, CEA, Reserve Bank of India, Ministry of Housing & Urban Poverty Alleviation, Federation of Indian Chambers of Commerce and Industry (FICCI), annual reports, International Monetary Fund and World Bank were also studied by TechSci Research.

Key Target Audience:

• Automotive air conditioner manufacturing companies and other stakeholders
• Automobile OEMs
• Organizations, forums and alliances related to automotive air conditioners
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as air conditioner manufacturing companies and automobile companies. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.

Report Scope:

In this report, India passenger car air conditioners market has been segmented into the following categories in addition to the industry trends which have also been listed below:

• Market, By Vehicle Type:
• Hatchback
• Multi & Sports Utility Vehicle
• Sedan
• Compact Utility Vehicle
• Market, By Technology:
• Automatic
• Manual/Semi-Automatic
• Market, By Compressor Type:
• Variable Displacement
• Fixed Displacement

•          Market, By Region:

• North
• East
• West
• South

•         Market, By Company:

• Subros Limited
• Hanon Automotive Systems India Private Limited
• MAHLE Behr India Pvt. Ltd.
• Sanden Vikas (India) Ltd.
• Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India passenger car air conditioners market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).