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Replacement Demand Analysis for Class 1–3 HVAC Components in Europe
Replacement Demand Analysis for Class 1–3 HVAC Components in Europe
European HVAC Aftermarket will be €2.58 Billion by 2029
05-May-2023
Europe
Market Research
Description
This research service covers the European passenger car and light commercial vehicle HVAC components aftermarket in terms of volume (million units) and value (€ million). It thoroughly analyzes unit shipment, revenue, average price, and distribution channel share for eight product types: compressors, accumulators and receiver driers, evaporators, condensers, expansion valves, heater cores, radiators, and radiator fan assemblies. The base year is 2022, and the forecast period is from 2023 to 2029.
Aftermarket demand for HVAC components in Europe, which recovered in the year 2021, continued to grow in 2022 due to growth in average miles traveled, strong pent-up demand, rising average annual temperature, and aging vehicle population. However, by the end of the forecast period, both unit shipments and revenue growth will remain flat. This is mainly because of the decline in aftermarket demand for certain key HVAC components after 2025 due to reduced vehicle accidents and higher product durability.
Most of the HVAC components suffered a price hike in 2022 due to the rise in raw material costs as a result of various supply chain constraints and the geopolitical situation. Since this is a do-it-for-me market and part replacement occurs mainly in older vehicles, warehouse distributors dominate the segment. Original equipment suppliers mainly cater to the demand arising from vehicle collisions, premium vehicles, and difficult-to-find parts. Key brands in the European HVAC aftermarket are Mahle, Denso, Nissens, NRF, Valeo, Delphi, AVA Cooling and Van Wezel.
Author: Seshasayee Tatineni
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Top 3 Strategic Imperatives Affecting the Growth of the Heating, Ventilation, and Air Conditioning (HVAC) Component Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Definitions
Definitions (continued)
Key Questions This Study Will Answer
Key Competitors
Key Findings
Growth Metrics
Growth Drivers
Growth Restraints
CASE Impact on the HVAC Components Aftermarket, 2029
Forecast Assumptions
Revenue and Unit Shipment Forecast
Revenue Forecast by Product
Percent Revenue Forecast by Product
Unit Shipment Forecast by Product
Percent Unit Shipment Forecast by Product
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Competitive Environment
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
Growth Metrics
Revenue and Unit Shipment Forecast
Revenue Forecast by Region
Unit Shipment Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share by Distribution Channel and Service Preference
Revenue Share by Brand
MAHLE
DENSO
VALEO
Nissens
NRF
Growth Opportunity 1: Private Labels
Growth Opportunity 1: Private Labels (continued)
Growth Opportunity 2: eCompressors
Growth Opportunity 2: eCompressors (continued)
Growth Opportunity 3: CV Technology/Telematics
Growth Opportunity 3: CV Technology/Telematics (continued)
3 Predictions
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
| Deliverable Type | Market Research |
|---|---|
| Author | seshasayee Tatineni |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Europe HVAC System Market |
| Keyword 2 | Europe HVAC Equipment Market |
| Keyword 3 | HVAC Components in Europe |
| Podcast | No |
| WIP Number | PDF6-01-00-00-00 |