According to a recent report published by Allied Market Research, titled, “Heavy Commercial Vehicle HVAC Market by Type, Vehicle Type, Sales Channel, Input, and Vehicle Type by Propulsion: Global Opportunity Analysis and Industry Forecast, 2011–2027,” The global heavy commercial vehicle HVAC market was valued at $1.15 billion in 2010 and is projected to reach $2.56 billion in 2027, registering a CAGR of 7.04%.

In terms of revenue, Asia-Pacific leads the market, followed by Europe, North America, and LAMEA. The rise in adoption of HVAC systems by transportation companies to augment customer experience is set to propel the growth of the heavy commercial vehicle HVAC market. U.S. dominated the heavy commercial vehicle HVAC market share in 2020 and is expected to grow at a significant rate during the forecast period. HVAC systems are increasingly being used to provide safe and comfortable cabin experience for the drivers in major North American economies.

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HVAC systems are being used by truck and bus fleet owners to provide a safe and comfortable journey to its drivers and passengers. In addition, heavy commercial vehicle operators are upgrading their vehicles due to the increased demand for luxury and safety automotive technologies across the world. The automatic HVAC systems are the most preferred category by heavy commercial vehicle owner and the segment is expected to grow at a significant rate owing to the regulations and laws being implemented by governments across the world to increase vehicle safety.

By input, the heavy commercial vehicle HVAC market is segregated engine-powered HVAC and electric-powered HVAC. In 2020, the engine-powered HVAC segment dominated the input segment, owing to the low cost and simple installation procedure of the engine powered HVAC systems. The adoption of electric drivetrain by heavy commercial vehicle manufacturers and the development of high capacity energy storage solutions provides a lucrative growth opportunity for the electric-powered HVAC systems during the forecast period.

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Factors such as increase in demand for thermal system and automatic climate control features in heavy vehicles, development of Intelligent Transport System and increase in demand for electric buses accelerate the growth of the global heavy commercial vehicle HVAC market. However, high installation and maintenance cost hamper the growth of the heavy commercial vehicle HVAC market. Conversely, development of eco-friendly refrigerants, increase in demand for HVAC systems from developing nations, and augmented safety & comfort through the adoption of HVAC systems are expected to provide lucrative opportunities for the expansion of the growth of the global heavy commercial vehicle HVAC market. Moreover, the fluctuating price of raw materials used in making automotive HVAC systems and adverse effect of HVAC systems on a range of the automobile are the challenging factors for the growth of the global heavy commercial vehicle HVAC market.

COVID-19 Impact Analysis

The COVID-19 outbreak forced governments across the globe to implemented stringent lockdown and ban import–export of essential raw materials items for most of 2020 & few months in 2021. This led to sudden fall in the availability of important raw materials for vehicle and component manufacturing.
The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. Consequently, several organizations started work from home programs as safety measures. This led to sudden fall in demand for automobiles across the world.
Moreover, nationwide lockdowns disrupted the supply-chain as several manufacturing facilities across the globe had to partially or fully shut down their operations.
The adverse impacts of the COVID-19 pandemic resulted in huge supply-demand issues globally.

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However, increasing focus of various governments across the globe toward vaccination is creating a positive market scenario for the heavy commercial vehicles market. According to the WHO, as of April 3, 2022, total 11,183,087,530 vaccine doses have been administered across the globe.
Factors such as a rise in worldwide vaccination campaigns and development of innovative HVAC technologies are likely to aid the HCV HVAC market’s resurgence in the near future.

Key Findings Of The Study

By vehicle type, the intercity buses segment is expected to register a significant growth during the forecast period.
By type, the automatic segment is anticipated to exhibit significant growth in the near future.
By sales channel, the Original Equipment Manufacturers segment is anticipated to exhibit significant growth in the near future
By input, the electric powered HVAC segment is anticipated to exhibit significant growth in the near future
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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Key players operating in the global heavy commercial vehicle HVAC market include Coachair Pty Ltd., Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, Grayson Thermal Systems, Zhengzhou Guchen Industry Co., Ltd., Internacional Hispacold Sa, Japan Climate Systems Corporation, Konvekta AG, MAHLE GmbH, Mobile Climate Control, Inc., ProAir LLC, Sanden Holdings Corporation, Sidwal Refrigeration Industries Pvt. Ltd., Subros Limited, SUTRAK Corporation, Trane Technologies PLC, TransACNR, Valeo, and Webasto Group.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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