India Passenger Car Air Conditioners Market Size, Share & Market Forecast 2023

Summary

Report Description

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).

In case of you can’t find what you are looking for, then please get in touch with our custom research team at [email protected]

Table of content

1. Product Introduction and Classification

2. Research Methodology

3. Analyst View

4. Voice of Customer

4.1. Vehicle Ownership Status

4.2. Major Expectations

4.3. Major Customer Complaints

5. India Passenger Car Air Conditioners Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Hatchback, Multi & Sports Utility Vehicle, Sedan and Compact Utility Vehicle)

5.2.2. By Technology (Automatic and Manual/Semi-Automatic)

5.2.3. By Compressor Type (Variable Displacement and Fixed Displacement)

5.2.4. By Region (North, East, West and South)

5.2.5. By Company

5.3. Market Attractiveness Index

5.3.1. By Vehicle Type (Hatchback, Multi & Sports Utility Vehicle, Sedan and Compact Utility Vehicle)

5.3.2. By Technology (Automatic and Manual/Semi-Automatic)

5.3.3. By Compressor Type (Variable Displacement and Fixed Displacement)

5.3.4. By Region (North, East, West and South)

5.4. Product Benchmarking

6. India Hatchback Passenger Car Air Conditioners Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Technology (Automatic and Manual/Semi-Automatic)

6.2.2.By Compressor Type (Variable Displacement and Fixed Displacement)

6.2.3.By Region (North, East, West and South)

7. India Multi & Sports Utility Vehicle Passenger Car Air Conditioners Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Technology (Automatic and Manual/Semi-Automatic)

7.2.2. By Compressor Type (Variable Displacement and Fixed Displacement)

7.2.3. By Region (North, East, West and South)

8. India Sedan Passenger Car Air Conditioners Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Technology (Automatic and Manual/Semi-Automatic)

8.2.2. By Compressor Type (Variable Displacement and Fixed Displacement)

8.2.3. By Region (North, East, West and South)

9. India Compact Utility Vehicle Passenger Car Air Conditioners Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Technology (Automatic and Manual/Semi-Automatic)

9.2.2. By Compressor Type (Variable Displacement and Fixed Displacement)

9.2.3. By Region (North, East, West and South)

10. Trade Dynamics

10.1. Imports

10.2. Exports

11. Supply Chain Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape

16.1. Competition Outlook

16.2. Company Profiles

16.2.1. Subros Limited

16.2.2. Hanon Automotive Systems India Private Limited

16.2.3. MAHLE Behr India Pvt. Ltd.

16.2.4. Sanden Vikas (India) Ltd.

16.2.5. DENSO Thermal Systems Pune Private Limited

16.2.6. TATA AutoComp Systems Limited

16.2.7. Mitsubishi Heavy Industries India Pvt. Ltd

16.2.8. Samvardhana Motherson Group (SMG)

16.2.9. Aptiv PLC

17. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: India Passenger Car Air Conditioners Market Size, By Value (USD Million) & Volume (Million Units), 2013-2023F

Figure 2: India GDP Growth Rate, 2013-Q4’2017

Figure 3: India Total Automobile and Passenger Vehicle Exports, 2013-2018 (Million Units)

Figure 4: India Automobile Production, 2013-2018 (Million Units)

Figure 5: India Passenger Car Air Conditioners Market Share, By Vehicle Type, By Value, 2013-2023F

Figure 6: India Passenger Car Sales Market Share, By Vehicle Type, By Volume, 2013-2018

Figure 7: India Passenger Car Air Conditioners Market Share, By Technology, By Value, 2018 & 2023F

Figure 8: India Passenger Car Air Conditioners Market Share, By Compressor Type, By Value, 2018 & 2023F

Figure 9: India Manufacturing Sector Contribution to GDP, 2012-2017

Figure 10: India Passenger Car Air Conditioners Market Share, By Region, By Value, 2018 & 2023F

Figure 11: South India Total Registered Motor Vehicles in India, 2010-2015 (Million Units)

Figure 12: West India Total Registered Motor Vehicles in India, 2010-2015 (Million Units)

Figure 13: North India Total Registered Motor Vehicles in India, 2010-2015 (Million Units)

Figure 14: East India Total Registered Motor Vehicles in India, 2010-2015 (Million Units)

Figure 15: India Passenger Car Air Conditioners Market Share, By Company, By Value, 2018 & 2023F

Figure 16: India Passenger Car Air Conditioners Manufacturer Group Revenue’s Year-On-Year Growth, By Value, 2014-2018E (%)

Figure 17: India Passenger Car Air Conditioners Market Attractiveness Index, By Vehicle Type, By Value, 2019E-2023F

Figure 18: India Passenger Car Air Conditioners Market Attractiveness Index, By Technology, By Value, 2019E-2023F

Figure 19: India Passenger Car Air Conditioners Market Attractiveness Index, By Compressor Type, By Value, 2019E-2023F

Figure 20: India Passenger Car Air Conditioners Market Attractiveness Index, By Region, By Value, 2019E-2023F

Figure 21: India Hatchback Passenger Car Air Conditioners Market Size, By Value (USD Million) & Volume (Million Units), 2013-2023F

Figure 22: India Annual Sales of Hatchback Cars, 2013–2018 (Million Units)

Figure 23: India Hatchback Passenger Car Air Conditioners Market Share, By Technology, By Value, 2018 & 2023F

Figure 24: India Passenger Vehicle Sale, 2018 & 2020F (Million Units)

Figure 25: India Hatchback Passenger Car Air Conditioners Market Share, By Compressor Type, By Value, 2018 & 2023F

Figure 26: India Vehicle Production Share, By Segment, By Volume, 2018

Figure 27: India Hatchback Passenger Car Air Conditioners Market Share, By Region, By Value, 2018 & 2023F

Figure 28: India Multi & Sports Utility Vehicle Passenger Car Air Conditioners Market Size, By Value (USD Million) & Volume (Million Units), 2013-2023F

Figure 29: India Vehicle Sales, By Company, 2017 & 2018 (Thousand Units)

Figure 30: India Multi & Sports Utility Vehicle Passenger Car Air Conditioners Market Share, By Technology, By Value, 2018 & 2023F

Figure 31: India Multi & Sports Utility Vehicle Passenger Car Air Conditioners Market Share, By Compressor Type, By Value, 2018 & 2023F

Figure 32: India Multi & Sports Utility Vehicle Passenger Car Air Conditioners Market Share, By Region, By Value, 2018 & 2023F

Figure 33: India Sedan Passenger Car Air Conditioners Market Size, By Value (USD Million) & Volume (Million Units), 2013-2023F

Figure 34: FDI Equity Inflows to Various Service Sectors in India, 2017 (USD Billion)

Figure 35: India Sedan Passenger Car Air Conditioners Market Share, By Technology, By Value, 2018 & 2023F

Figure 36: India Quarterly GVA Growth, Q1’2017–Q4’2018E (%)

Figure 37: India Sedan Passenger Car Air Conditioners Market Share, By Compressor Type, By Value, 2018 & 2023F

Figure 38: India Auto Components (Including Cooling System) Market Size, By Value, 2013-2018 (USD Billion)

Figure 39: India Sedan Passenger Car Air Conditioners Market Share, By Region, By Value, 2018 & 2023F

Figure 40: India Compact Utility Vehicle Passenger Car Air Conditioners Market Size, By Value (USD Million) & Volume (Million Units), 2013-2023F

Figure 41: India Number of Automobiles Sold, 2013-2018 (Million Units)

Figure 42: India Compact Utility Vehicle Passenger Car Air Conditioners Market Share, By Technology, By Value, 2018 & 2023F

Figure 43: India Passenger Car Domestic Sales, By Company, 2018 (%)

Figure 44: India Compact Utility Vehicle Passenger Car Air Conditioners Market Share, By Compressor Type, By Value, 2018 & 2023F

Figure 45: India Compact Utility Vehicle Passenger Car Air Conditioners Market Share, By Region, By Value, 2018 & 2023F

Figure 46: India Automobile Air Conditioning System and Its Parts Trade Statistics, By Value, 2013-2018 (USD Million) (HS Code: 84159000)

Figure 47: India Automobile Air Conditioning System and Its Parts Trade Statistics, By Volume, 2013-2018 (Thousand Tonnes) (HS Code: 84159000)

List of Tables

Table 1: India Sales Volume Growth, By Vehicle Type, 2018

Table 2: West India State-wise GDP, 2016

Frequently asked questions

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Parvati Sharma

Account Manager BD

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Press Release

India Passenger Car Air Conditioners Market to Surpass $ 1 Billion by 2023

Oct, 2018

Increasing automobile production in India along with rising local manufacturing due to Make in India initiative to propel growth in India passenger car air conditioners market through 2023

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

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