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

RELEASE DATE
05-May-2023
REGION
Europe
Research Code: PDF6-01-00-00-00
SKU: AU02526-EU-MT_27627
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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

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
More Information
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