Motor Vehicle Air Conditioning Machine Market

The article discusses the forecasted growth of the global market for air conditioning machines for motor vehicles from 2022 to 2030. It highlights trends in consumption, production, imports, and exports, as well as key players in the market such as China, the Czech Republic, the United States, and Russia. The article also provides insights into per capita consumption, import and export prices, and notable rates of growth amongst leading countries in the market.

Market Forecast

Driven by increasing demand for air conditioning machines for motor vehicles worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market volume to 466M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.9% for the period from 2022 to 2030, which is projected to bring the market value to $258.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Air Conditioning Machines For Motor Vehicles

In 2022, global consumption of air conditioning machines for motor vehicles declined to 322M units, approximately equating 2021. Overall, consumption, however, saw a resilient increase. Global consumption peaked at 325M units in 2021, and then reduced modestly in the following year.

The size of the market for air conditioning machines for motor vehicles worldwide declined slightly to $140.8B in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a buoyant increase. Global consumption peaked at $142.2B in 2021, and then shrank slightly in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (54M units), the Czech Republic (40M units) and the United States (28M units), together accounting for 38% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Czech Republic (with a CAGR of +39.5%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($57.1B) led the market, alone. The second position in the ranking was taken by China ($14.6B). It was followed by the Czech Republic.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +17.1%. The remaining consuming countries recorded the following average annual rates of market growth: China (+12.1% per year) and the Czech Republic (+38.9% per year).

In 2022, the highest levels of motor vehicle air conditioning machine per capita consumption was registered in the Czech Republic (3,770 units per million persons), followed by France (274 units per million persons), Japan (124 units per million persons) and South Korea (118 units per million persons), while the world average per capita consumption of motor vehicle air conditioning machine was estimated at 41 units per million persons.

From 2012 to 2022, the average annual rate of growth in terms of the motor vehicle air conditioning machine per capita consumption in the Czech Republic stood at +39.2%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (-8.3% per year) and Japan (+17.7% per year).

Production

World Production of Air Conditioning Machines For Motor Vehicles

Global motor vehicle air conditioning machine production dropped modestly to 323M units in 2022, standing approx. at 2021 figures. Over the period under review, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 26% against the previous year. Global production peaked at 326M units in 2021, and then shrank slightly in the following year.

In value terms, motor vehicle air conditioning machine production contracted to $126.8B in 2022 estimated in export price. In general, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 67%. Over the period under review, global production reached the peak level at $140.4B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (54M units), the Czech Republic (41M units) and the United States (27M units), together accounting for 38% of global production.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +41.8%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Air Conditioning Machines For Motor Vehicles

In 2022, the amount of air conditioning machines for motor vehicles imported worldwide contracted modestly to 9M units, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 9.2M units, and then dropped slightly in the following year.

In value terms, motor vehicle air conditioning machine imports contracted modestly to $2.1B in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, global imports hit record highs at $2.2B in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the United States (1.6M units), followed by Germany (1,005K units), Mexico (987K units), Saudi Arabia (902K units), China (726K units) and Canada (480K units) were the main importers of air conditioning machines for motor vehicles, together constituting 63% of total imports. France (403K units), Belgium (331K units), Brazil (305K units), Spain (198K units), Sweden (187K units), Egypt (182K units) and Poland (178K units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +37.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($282M), Germany ($281M) and China ($171M) were the countries with the highest levels of imports in 2022, together comprising 35% of global imports. France, Belgium, Canada, Sweden, Mexico, Poland, Spain, Saudi Arabia, Brazil and Egypt lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Sweden, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for air conditioning machines for motor vehicles stood at $232 per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 3.7%. Global import price peaked at $294 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($464 per unit), while Egypt ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.2%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Air Conditioning Machines For Motor Vehicles

In 2022, approx. 11M units of air conditioning machines for motor vehicles were exported worldwide; surging by 11% on the previous year's figure. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 67%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, motor vehicle air conditioning machine exports shrank to $2.1B in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $2.3B, and then reduced in the following year.

Exports By Country

In 2022, Spain (2.5M units), distantly followed by China (1,414K units), Thailand (1,348K units), the United States (1,004K units), Mexico (859K units), Germany (673K units), Poland (648K units) and Slovakia (627K units) represented the key exporters of air conditioning machines for motor vehicles, together mixing up 82% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +513.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine supplying countries worldwide were Germany ($306M), China ($305M) and Slovakia ($221M), together comprising 40% of global exports. Poland, Mexico, the United States, Spain and Thailand lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +9.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for air conditioning machines for motor vehicles stood at $188 per unit in 2022, which is down by -18.7% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 5.1% against the previous year. Over the period under review, the average export prices attained the maximum at $432 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($456 per unit), while Thailand ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform