Asia is evolving as the potential market in the field of automotive sector. The region is taking the increasing share of global vehicle sales and is the only major market expected to see strong growth over the next few years. The region has left North America and Europe behind in terms of volume however these regions still excel in terms of technology. The rising share of Asia in automotive sector is fuelled by rising economy, relaxed trade policies and increasing disposable income of the consumers. As the income of the common rise and the car prices fall, car ownership is dream within reach for most of the consumers.
Heating Ventilation and Air conditioning System (HVAC) is the technology for indoor and automotive ambient comfort, it also facilitates in managing the pleasant climate inside the cabin by controlling the degree of hotness/coolness. At present Asia is evolving as the land of opportunities in the automobile sector. The strong economic conditions leading to the expansion of middle class population and increasing purchasing power of the consumers has accelerated the demand of vehicles production in Asia, which is driving the demand of HVAC in the region. The home to some of the largest automobile producing countries in the world such as China and Japan the Asian region has been super heading the automobile industry since last few years and the from the study it is anticipated that the region will continue to lead the market in the near future.
The report Asia heating ventilation and air conditioning system covers the major countries of the region and is further segmented based on technology (Automatic and Manual) and components (compressor, heating exchanging equipment, receiver/dryer and expansion valve). The study shows that the Asia heat ventilation and air conditioning market will grow at a CAGR of 9.4% during the period 2013 to 2018 and will reach a value of $ 20.78 billion by 2018. Further the report gives a technological overview gives new technologies being used to develop the heating ventilation and air conditioning system. The report includes the company profile of key market players in the field of heating ventilation and air conditioning system. It covers qualitative data providing a comprehensive review of major market drivers, restraints and opportunities, winning imperatives and key burning issues in automotive Asia heating ventilation and air conditioning system.
Key question answered
- What are the market estimates and forecasts for the Asia HVAC system market?
- What are the trends based on the key countries of the region?
- Identification of market dynamics and impact of the same on Asia HVAC system market
- Analysis of recent developments, alliances, joint ventures, and mergers & acquisitions in the fuel filter market
Audience for this report
- Manufacturer of Asia HVAC system companies
- Suppliers for fuel filter manufacturers
- Traders, distributors, and suppliers in the Asia HVAC system market
- Automobile associations
- Automotive industry as end user industry
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