In 2032, it is anticipated that Latin America’s automotive HVAC market share would amount to US$11,399.6 million. Due to rising car sales and demand in the automotive industry, there is currently a greater requirement for automotive HVAC systems.
The Latin American Automotive HVAC market is anticipated to reach a value of US$ 7,270.6 Mn in 2022 and is expected to grow at a CAGR of 4.6% from 2022 to 2032, according to FMI.
Rising earnings and changing consumer demographics are helping the automotive HVAC business in Latin America, and new automobile engines are encouraging additional market players to create these systems. These technologies are being fitted in all contemporary vehicles, even entry-level ones, as a matter of course.
The increased need for automotive HVAC technology has led to the development of goods and systems for vehicle air conditioning, including electronic temperature control. Vehicle air conditioning systems for motor vehicles come in two varieties: automatic and manual. Because they require less upkeep and manual labor, automatic HVAC systems are among the more common of the two types seen in luxury and premium-sector vehicles.
Key Players :
- Halla Visteon Climate Control Corp.
- Denso Corporation
- Delphi Automobile PLC
- Visteon Corporation
- Valeo SA
- Behr GmbH & Co. Kg
- Johnson Controls International plc
- United Technologies Corporation
- Ingersoll-Rand plc
- Daikin Industries Ltd
- Mitsubishi Electric Corporation