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Opportunities For Global Automotive Air Conditioning Market To Reach $24.9 Billion By 2021

Opportunities For Global Automotive Air Conditioning Market To Reach $24.9 Billion By 2021

Submitted by • July 26, 2018 www.lucintel.com

According to a new market report published by Lucintel, the future of the global automotive air conditioning market looks promising with opportunities in segments of passenger car and commercial vehicle. The global automotive air conditioning market is expected to reach an estimated $24.9 billion by 2021 and is forecast to grow at a CAGR of 5.2% from 2016 to 2021. The major drivers of growth for this market are increasing vehicle production rate, dynamic changes in the climatic conditions and pollution level, and higher requirement of customers for comfort while vehicle driving.

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