Off-highway Vehicle HVAC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Off-highway Vehicle HVAC Market is Segmented by Technology Type (Semi-automatic and Automatic), Application Type (Agriculture, Construction, and Other Application Types), and Geography.

Market Snapshot

market_overview
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The off-highway vehicle HVAC market is anticipated to register a CAGR of about 5% during the forecast period (2020-2025).

  • Growing environmental challenges, increasing per capita income, harsh working environments in off-road vehicles, and a rise in automation in various industries, such as agriculture, construction, and mining, are expected to fuel the demand for off-highway vehicle HVACs during the forecast period. As the off-highway vehicle has to work in very unpredictable working conditions, with large windows for the driver for better visibility, HVAC plays a crucial role for keeping the cabin cool/hot as the situation demands.
  • Technology in the off-highway vehicle is constantly improving to increase productivity and operator comfort. The incorporation of HVAC systems is continually increasing in these vehicles, as most of the new off-highway vehicles are integrated with factory fitted air conditioning systems. Reduction in the overall system size and weight of the system and governments' stringent regulations to curb CO2 emissions are projected to drive the growth of the market studied, over the forecast period.
  • Agricultural vehicles are subjected to environmental conditions that change according to the application, such as dusty conditions, harmful pesticides, and herbicides vapors. Owing to such extreme conditions, these vehicles demand refrigeration, heating, pressurization, and filtration. In the current scenario, agriculture is witnessing various technological advancements, such as the introduction of electrification, artificial intelligence, and autonomous vehicle. For instance, John Deere Joker, a fully autonomous electric tractor with articulated steering and a tracked single axle, is the most technologically advanced tractor. Similarly, GridCON is an electric tractor with no batteries. Its 300-kW power comes through an extension cord connected to the grid or an off-field generator. Such advancements are posing a huge growth opportunity in the agricultural HVAC market.

Scope of the Report

The report on the off-highway vehicle HVAC market covers the latest trends in the off-highway vehicle HVAC market, along with the share of major off-highway vehicle HVAC manufacturers across the world.

By Technology Type
Semi-automatic
Automatic
By Application Type
Agriculture
Construction
Other Application Types
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries

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Key Market Trends

Growing Environmental Concerns are Driving the Off-highway Vehicle HVAC Market

Off-highway vehicles mostly work in extreme climatic conditions, such as in snow-covered terrain or in the desert. HVAC manufacturers are developing lighter, efficient, and smaller components, owing to limited space availability in the cabin. Apart from comfortability, HVAC provides reduced operating hours, ultimately resulting in fuel-saving and fewer emissions. For instance,

  • In 2019, Bergstrom and Viatec partnered to create a non-idle solution for utility trucks. Vaitec's SmartPTO equipped vehicle can save up to 1,890 gallons of fuel annually and reduce approximately 42,300 lbs of carbon dioxide. This system can be easily installed in the vehicle and reduce maintenance costs by up to 69%.

The trend of electrification is also being witnessed in off-road vehicles. Many start-ups and established players have launched their electric models with advanced HVAC systems. For instance, Nikola NZT, an electric off-road vehicle that gives a 150-mile range on a full charge, has a climate control HVAC system for heating or cooling, so that the driver does not feel any discomfort.

key trend_1

Asia-Pacific Is Expected to Witness High Growth in the Off-highway Vehicle HVAC Market

Asia-Pacific is the manufacturing hub of the construction and heavy machinery. In addition, the developing economies, such as China, India, and Japan, have the huge potential for infrastructural development, mining, and agriculture, as these countries are the most populated in the world. The market for excavators and other types of construction machinery is anticipated to strengthen in China, over the forecast period.

India is witnessing an increase in the demand for construction machinery. The global manufacturers are making strategic partnerships with local manufacturers, to cater to this growing demand, which may propel the growth of HVAC systems in the future. For instance,

  • In 2018, Escorts and Tadano Ltd entered a joint venture to manufacture cranes in India. Iin 2019, CASE Construction Equipment launched Crawler Excavator CX220C, which comes with a HVAC Cabin, along with an Auto Climate Control function feature.
key trend_2

Competitive Landscape

The off-highway vehicle HVAC market is moderately fragmented, although some of the major players in the market are Denso Corporation, MAHLE GmbH, Marelli Corporation, amongst others. The companies are expanding their presence by acquiring other market participants, forming strategic alliances, tapping in new and unexplored markets. For instance,

  • In 2019, T/CCI Manufacturing inaugurated a new plant in Noida, India. This site is dedicated to the manufacturing and distribution of the 5H and 7H wobble plate compressors for the heavy-duty truck, construction, and passenger bus markets.
  • In 2019, TATA AutoComp Systems and Fortaco group have finalized an agreement where they will share the technologies and manufacturing capabilities to manufacture safety cabins for off-highway vehicles in India.
  • In 2019, MARELLI is announced that it has entered into a strategic partnership with Shanghai Highly (Group) Co., Ltd., this collaboration will strengthen its electric-driven compressors (EDC) business.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology Type

      1. 5.1.1 Semi-automatic

      2. 5.1.2 Automatic

    2. 5.2 By Application Type

      1. 5.2.1 Agriculture

      2. 5.2.2 Construction

      3. 5.2.3 Other Application Types

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Mexico

        3. 5.3.4.3 United Arab Emirates

        4. 5.3.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Denso Corporation

      2. 6.2.2 Sanden Holdings Corporation

      3. 6.2.3 S.E.A SRL

      4. 6.2.4 MAHLE GmbH

      5. 6.2.5 Mitsubishi Heavy Industries Ltd

      6. 6.2.6 T/CCI Manufacturing LLC

      7. 6.2.7 Webasto SE

      8. 6.2.8 Elite KL Ltd

      9. 6.2.9 Aurora Advanced HVAC Solutions

      10. 6.2.10 Lazzerini SRL

      11. 6.2.11 Perrin Manufacturing Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Off-highway Vehicle HVAC Market market is studied from 2018 - 2027.

The Off-highway Vehicle HVAC Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Denso Corporation, MAHLE GmbH, Marelli Corporation, S.E.A SRL, Mitsubishi Heavy Industries Ltd are the major companies operating in Off-highway Vehicle HVAC Market.

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