Description
Mexico Automotive HVAC Market Analysis
Market Overview
The Mexico Automotive HVAC Market is consistently growing due to the rising requirement for automotive aftermarkets across the country. Furthermore, booming demand for thermal systems & climate control features in the automotive industry is likely to drive the country’s market throughout the forecast year.
An automotive HVAC System is a mechanism dedicated to control heating, ventilation, and air conditioning inside an automotive vehicle’s cockpit. The system regulates the temperature, humidity, and filtration in a vehicle’s cabin using signals from sensors and microcontrollers in the case of the automatic system. It is also called as climate control as it manipulates or controls the climate inside an automotive vehicle.
The Mexico automotive HVAC market is expected to be driven by the rising requirement for automotive aftermarkets across Mexico and booming demand for thermal systems and climate control features in the automotive industry. However, the Mexico automotive HVAC market will likely be restrained by the decreasing automotive production across Mexico and the global shortage of semiconductors. On the other hand, the promising growth potential of the electric vehicle market is expected to create lucrative growth opportunities for players operating in the Mexico automotive HVAC market.
Market Segmentation
The Mexico Automotive HVAC Market has been segmented based on technology, component, vehicle type, and propulsion type. Based on technology, the Mexico Automotive HVAC Market has been segmented into Manual/Semi-Automatic and Automatic. The Automatic segment is estimated to grow at 6.3%% during the forecast period, while in 2021, and it is accounted for 64.4% share.
Based on component, the Mexico Automotive HVAC Market has been segmented into Evaporator, Compressors, Condensers, Receiver/Drier, and Expansion Devices. The Compressor segment is expected to grow at 4.8% during the forecast period and it is expected to hold 37.6% of the Mexico Automotive HVAC Market in the year 2021.
Based on vehicle type, the Mexico Automotive HVAC Market has been segmented into Passenger Cars, and Commercial Vehicle. The Commercial Vehicle segment is expected to grow at 6.3% during the forecast period and it is expected to hold 62.5% of the Mexico Automotive HVAC Market in year 2021.
Based on propulsion type, the Mexico Automotive HVAC Market has been segmented into ICE, and EV. The ICE segment is expected to grow at 5.7% during the forecast period and it is expected to hold 92.1% of the Mexico Automotive HVAC Market in year 2021.
Major Players
Air International Thermal Systems, Mahle GmbH, Denso Corporation, Valeo Group, Continental AG, Hanon Systems, Mitsubishi Electric Corporation, Behr-Hella Thermocontrol GmbH, Sanden Corporation, Detroit Thermal Systems (DTS).0
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 11
1.1 MEXICO AUTOMOTIVE HVAC MARKET, BY TECHNOLOGY 13
1.2 MEXICO AUTOMOTIVE HVAC MARKET, BY COMPONENT 14
1.3 MEXICO AUTOMOTIVE HVAC MARKET, BY VEHICLE TYPE 15
1.4 MEXICO AUTOMOTIVE HVAC MARKET, BY PROPULSION TYPE 16
2 MARKET INTRODUCTION 17
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 RESEARCH OBJECTIVE 17
2.4 MARKET STRUCTURE 18
3 RESEARCH METHODOLOGY 19
3.1 RESEARCH PROCESS 19
3.2 PRIMARY RESEARCH 20
3.3 SECONDARY RESEARCH 21
3.4 MARKET SIZE ESTIMATION 22
3.5 FORECAST MODEL 23
3.6 LIST OF ASSUMPTIONS 24
4 MARKET DYNAMICS 25
4.1 INTRODUCTION 25
4.2 DRIVERS 26
4.2.1 RISING REQUIREMENT FOR AUTOMOTIVE AFTERMARKET ACROSS MEXICO 26
4.2.2 BOOMING DEMAND FOR THERMAL SYSTEMS AND CLIMATE CONTROL FEATURES IN THE AUTOMOTIVE INDUSTRY 26
4.3 RESTRAINT 27
4.3.1 GLOBAL SHORTAGE OF SEMICONDUCTORS 27
4.3.2 DECREASING AUTOMOTIVE PRODUCTION ACROSS MEXICO 28
4.4 OPPORTUNITY 28
4.4.1 PROMISING GROWTH POTENTIAL OF THE ELECTRIC VEHICLE MARKET 28
4.5 IMPACT ANALYSIS OF COVID-19 29
4.5.1 IMPACT ON THE OVERALL AUTOMOTIVE INDUSTRY 29
4.5.1.1 ECONOMIC IMPACT 29
4.5.2 IMPACT ON THE AUTOMOTIVE ELECTRONICS HVAC SYSTEM MARKET 29
4.5.3 IMPACT ON THE SUPPLY CHAIN OF THE AUTOMOTIVE HVAC MARKET 29
4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 29
4.5.3.2 PRODUCTION SHUTDOWN 29
4.5.3.3 CASH FLOW CONSTRAINTS 30
4.5.3.4 IMPACT ON IMPORT/EXPORT 30
4.5.4 IMPACT ON MARKET DEMAND OF AUTOMOTIVE HVAC MARKET 30
4.5.4.1 IMPACT DUE TO LOCKDOWN 30
4.5.4.2 CONSUMER SENTIMENTS 30
4.5.4.3 IMPACT ON PRICING OF AUTOMOTIVE HVAC SYSTEM 30
4.6 TRENDS & DEVELOPMENT 31
4.6.1 TRENDS 31
5 MARKET FACTOR ANALYSIS 32
5.1 SUPPLY CHAIN ANALYSIS 32
5.1.1 R&D 33
5.1.2 COMPONENT SUPPLY 33
5.1.3 MANUFACTURE & ASSEMBLY 33
5.1.4 SALES & DISTRIBUTION 33
5.1.5 END USERS 33
5.2 PORTER’S FIVE FORCES MODEL 34
5.2.1 THREAT OF NEW ENTRANTS 34
5.2.2 BARGAINING POWER OF SUPPLIERS 35
5.2.3 THREAT OF SUBSTITUTES 35
5.2.4 BARGAINING POWER OF BUYERS 35
5.2.5 INTENSITY OF RIVALRY 35
6 MEXICO AUTOMOTIVE HVAC MARKET, BY TECHNOLOGY 36
6.1 OVERVIEW 36
6.2 MANUAL/SEMI-AUTOMATIC 37
6.3 AUTOMATIC 37
7 MEXICO AUTOMOTIVE HVAC MARKET, BY COMPONENT 38
7.1 OVERVIEW 38
7.2 EVAPORATOR 39
7.3 COMPRESSOR 39
7.4 CONDENSER 39
7.5 RECEIVER/DRIER 39
7.6 EXPANSION DEVICE 40
8 MEXICO AUTOMOTIVE HVAC MARKET, BY VEHICLE TYPE 41
8.1 OVERVIEW 41
8.2 PASSENGER CARS 42
8.3 COMMERCIAL VEHICLES 42
8.3.1 TRUCKS 42
8.3.2 COACHES AND BUSES 42
8.3.3 RECREATIONAL VEHICLES 42
8.3.4 OTHERS 43
9 MEXICO AUTOMOTIVE HVAC MARKET, BY PROPULSION TYPE 44
9.1 OVERVIEW 44
9.2 ICE 45
9.3 EV 45
10 COMPETITIVE LANDSCAPE 46
10.1 OVERVIEW 46
10.2 COMPETITIVE BENCHMARKING 47
10.3 MARKET SHARE ANALYSIS 48
10.4 KEY DEVELOPMENTS IN THE MEXICO AUTOMOTIVE HVAC MARKET 48
10.4.1 PRODUCT LAUNCH/DEVELOPMENT/RECEIVE 48
10.4.2 EXPANSION 50
10.4.3 CONTRACT & AGREEMENT 50
10.4.4 COLLABORATION 51
10.4.5 MERGER & ACQUISITION 51
11 COMPANY PROFILES 52
11.1 AIR INTERNATIONAL THERMAL SYSTEMS 52
11.1.1 COMPANY OVERVIEW 52
11.1.2 FINANCIAL OVERVIEW 52
11.1.3 PRODUCT OFFERED 52
11.1.4 KEY DEVELOPMENTS 53
11.1.5 SWOT ANALYSIS 53
11.1.6 KEY STRATEGIES 53
11.2 MAHLE GMBH 54
11.2.1 COMPANY OVERVIEW 54
11.2.2 FINANCIAL OVERVIEW 55
11.2.3 PRODUCT OFFERED 55
11.2.4 KEY DEVELOPMENTS 56
11.2.5 SWOT ANALYSIS 57
11.2.6 KEY STRATEGIES 57
11.3 DENSO CORPORATION 58
11.3.1 COMPANY OVERVIEW 58
11.3.2 FINANCIAL OVERVIEW 59
11.3.3 PRODUCT OFFERED 59
11.3.4 KEY DEVELOPMENTS 60
11.3.5 SWOT ANALYSIS 61
11.3.6 KEY STRATEGIES 61
11.4 VALEO GROUP 62
11.4.1 COMPANY OVERVIEW 62
11.4.2 FINANCIAL OVERVIEW 63
11.4.3 PRODUCT OFFERED 64
11.4.4 KEY DEVELOPMENTS 64
11.4.5 SWOT ANALYSIS 65
11.4.6 KEY STRATEGIES 65
11.5 CONTINENTAL AG 66
11.5.1 COMPANY OVERVIEW 66
11.5.2 FINANCIAL OVERVIEW 67
11.5.3 PRODUCT/SERVICES OFFERED 68
11.5.4 KEY DEVELOPMENTS 68
11.5.5 SWOT ANALYSIS 69
11.5.6 KEY STRATEGIES 69
11.6 HANON SYSTEMS 70
11.6.1 COMPANY OVERVIEW 70
11.6.2 FINANCIAL OVERVIEW 71
11.6.3 PRODUCT/SERVICES OFFERED 71
11.6.4 KEY DEVELOPMENTS 72
11.6.5 KEY STRATEGIES 72
11.7 MITSUBISHI ELECTRIC CORPORATION 73
11.7.1 COMPANY OVERVIEW 73
11.7.2 FINANCIAL OVERVIEW 74
11.7.3 PRODUCT/SERVICES OFFERED 74
11.7.4 KEY DEVELOPMENTS 75
11.7.5 KEY STRATEGIES 75
11.8 BEHR-HELLA THERMOCONTROL GMBH 76
11.8.1 COMPANY OVERVIEW 76
11.8.2 . FINANCIAL OVERVIEW 76
11.8.3 PRODUCT OFFERED 76
11.8.4 KEY DEVELOPMENTS 76
11.8.5 KEY STRATEGIES 76
11.9 SANDEN CORPORATION 77
11.9.1 COMPANY OVERVIEW 77
11.9.2 FINANCIAL OVERVIEW 77
11.9.3 PRODUCT OFFERED 78
11.9.4 KEY DEVELOPMENTS 78
11.9.5 KEY STRATEGIES 78
11.10 DETROIT THERMAL SYSTEMS (DTS) 79
11.10.1 COMPANY OVERVIEW 79
11.10.2 FINANCIAL OVERVIEW 79
11.10.3 PRODUCT/SERVICES OFFERED 79
11.10.4 KEY DEVELOPMENTS 79
11.10.5 KEY STRATEGIES 79
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