Global Automotive Air Conditioning market

Bristol, Bristol, GB £ 4100.00

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Global Automotive Air Conditioning market was valued US$ 3.29Bn in 2017 and is expected to reach US$ 5.37Bn by 2026 at a CAGR of about 6.32% during a forecast. Major driving factors of the Automotive Air conditioning market are the rising global warming and changing Ozone depletion. Increase in production of vehicle across the globe and changing technology advancement are creating opportunity in automotive Air conditioning market. Rise in consumer safety’s and changes in government policy also fuelling the fire for more demand of Air conditioner in automotive sector.

Increasing purchase power of consumer with rise in income and changing life style have also impacted on automotive Air conditioning market with positive note. High Chance of Mechanical Failure and High maintenance cost will act as restraint to the market. Based on Sales Channel, Original Equipment Manufacturer (OEMs) is expected to hold the largest share in the market during the forecast period. OEM manufacturing firm playing a crucial role in the manufacturing aspect, and allows both companies to benefit from each other’s strengths. OEM manufacturing solutions traditionally offering cost-effective benefits to multinational corporations (MNCs) with large-scale order requirements and helping consumer with fastest service. The automotive sector is heavily linked to OEM production and offer lots of variety options to its consumer. Asia’s very own Silicon Valley of hardware, Shenzhen in China is the most cost-effective choice for electronics OEM services.

for more information visit https://www.maximizemarketresearch.com/market-report/global-automotive-air-conditioning-market/27392/

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