Automotive HVAC Market Is Expected To Reach USD 79.59 Billion By 2030
San Francisco, 9 Oct 2024: The Report Automotive HVAC Market Size, Share & Trends Analysis Report By Technology (Automatic, Manual/Semi-automatic), By Vehicle (Passenger Cars, LCVs, HCVs), By Region, And Segment Forecasts, 2024 - 2030 The global automotive HVAC market size is estimated to reach USD 79.59 billion by 2030, according to a study by Grand View Research Inc., expanding at a CAGR of 6.7% during the forecast period. The market is driven by increasing development of innovative, fuel-efficient, and eco-friendly HVAC solutions coupled with surging global demand for passenger vehicles. Rising disposable income and growing inclination towards more luxurious and comfortable travel are anticipated to foster the growth of the automotive HVAC market. In the current scenario, an automotive HVAC unit has become an integral part of passenger vehicles, offering comfort features that influence consumer buying behavior. Rising concerns regarding global warming are leading to an incr