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2023

Asia-Pacific Trucks and Trailer HVAC Market

Asia-Pacific Trucks and Trailer HVAC Market Size, Share, Competitive Landscape and Trend Analysis Report, by Vehicle Type, Sales Channel and Sales Channel : Regional Opportunity Analysis and Industry Forecast, 2022-2031.

AT : Automotive systems and accessories

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Author's: Abhay Singh | Lalit Janardhan Katare
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The Asia-Pacific trucks and trailers HVAC market was valued at $28.56 billion in 2021, and is projected to reach $49.66 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031.

A heating, ventilation, and air conditioning (HVAC) system in a vehicle is used to control the internal temperature of the vehicle cabin. It includes three subsystems, namely, heating, cooling, and air conditioning, that work together to provide purified air to the vehicle cabin, ensuring thermal comfort to drivers and passengers. It controls the air temperature, inspects the moisture content in the air, and eliminates excessive humidity from the circulating air. Well-established companies focus on customized and consumer-friendly HVAC systems. For instance, in December 2022, Blackburn Energy developed RelGen charging system for truck battery-powered HVAC units and liftgates.

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Furthermore, truck and trailers. HVAC systems are essential in ensuring the comfort and safety of drivers and passengers by regulating temperature, humidity, and air quality within the vehicle's cabin. This includes both heating and cooling systems, as well as air filtration and ventilation systems, designed to provide comfort and safety for drivers and passengers of commercial vehicles. The HVAC system installed in trucks and trailers plays a crucial role in ensuring the safety, comfort, and well-being of truck drivers, particularly during long hauls and adverse weather conditions.

The Asia-Pacific trucks and trailers HVAC market includes a wide range of products, from basic heating and cooling systems to more advanced technologies such as automatic climate control and air quality monitoring systems. The trucks and trailers HVAC consist of the primary component unit that includes compressor, condenser, evaporator, pressure regulating devices, thermal expansion valve, and receiver drier. The compressor is considered the core component of overall HVAC system. It is a belt driven pump, which is attached to the engine.

The compressor helps in compressing and transferring refrigerant gas. A condenser is used to help radiate heat and is normally located in front of the vehicle. When the hot compressed gases are introduced on the top of a condenser, they are cooled instantly and after the cooling is complete, they condense and exit from the bottom of the condenser as a high-pressure fluid. An evaporator is a heat absorber component of the HVAC system. The main purpose of an evaporator is to remove the heat from inside the vehicle and dehumidify the environment within it.

The Asia-Pacific trucks and trailers HVAC market is segmented into vehicle type, sales channel, propulsion type, and country. By vehicle type, the market is bifurcated into truck and trailers. By sales channel, the market is divided into original equipment manufacturers (OEM), and aftermarket. By propulsion type, the market is categorized into internal combustion engine (ICE) and electric. Country-wise, the market is analyzed across India, Japan, Singapore, Thailand, Australia, Philippines, Malaysia, South Korea, Indonesia, Hongkong, Taiwan and Rest of Asia Pacific.
 

The key players profiled in the Asia-Pacific Trucks and Trailers HVAC market report include Carrier, Denso Corporation, Eberspächer, Grayson Thermal Systems, Mahle Gmbh, Red Dot Corporate, Sanden Corporation, Subros Limited, Valeo and Webasto Group.

Increase in demand for thermal system and automatic climate control features in trucks and trailers

The fleet owners have increased their focus on installing HVAC systems to achieve thermal comfort in the cabin of truck and trailer. The HVAC system is installed to guarantee that the driver, as well as the passenger and cargo, have an ambient temperature environment. HVAC not only contributes toward improved temperature conditions, but it also increases air conditioning efficiency, and decreases fuel usage. Efficient HVAC systems guarantee optimum temperature levels for vehicles, which can contribute to greater comfort for passengers, fuel efficiency, and others. The logistics industry has increased the use of effective HVAC systems in truck and trailer to boost vehicle efficiency and minimize operating costs.

For instance, in February 2021, DENSO Corporation and Yamato Transport Co., Ltd. have co-developed D-mobico, a compact mobile refrigerator. Yamato Transport began using D-mobico in its delivery trucks. In addition, the growth of the truck and trailer HVAC market is boosted by the increase in the development and adoption of automated air-conditioning units which adjust cabin temperature automatically independent of the outside air temperature and humidity. An increase in thermal comfort demand and rise in automated HVAC adoption are projected to drive the growth of the Asia-Pacific trucks and trailers HVAC market.

Asia-Pacific Trucks and Trailer HVAC Market
By Vehicle Type
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Trailer is projected as the most lucrative segments

Development of intelligent transport systems

Intelligent Transportation Systems (ITS) were devised in response to the rise in need for services related to various modes of transportation and traffic management. The ITS allows users to be better informed and to use the transportation network in a safer, more coordinated, and smarter manner. 

The technologies used in intelligent transportation systems range from basic management systems like thermal management, vehicle navigation, traffic signal control systems, container management systems, variable message signs, automatic number plate recognition, or speed cameras, to monitoring applications automatic incident detection or stopped vehicle detection systems, to more advanced application such as automatic incident detection or stopped vehicle detection systems. The development of intelligent transport systems across the world has boosted the growth of transportation and logistics services.

The developments in the transportation industry further increase the sales of heavy commercial vehicles such as trucks and trailers worldwide. The evolution of automotive technologies has facilitated the development of intelligent transport systems. Moreover, adoption of sophisticated technologies encourages the integration of advanced automotive technology, such as automatic HVAC systems, climate control into trucks and trailers, to support the infrastructure of intelligent transportation networks. The trucks and trailer HVAC market is projected to experience growth during the forecast period due to the sheer advancement of intelligent transportation systems.   

High installation and maintenance cost 

The HVAC system unit is both expensive to install and repair in the event of a breakdown. The installation of an HVAC unit in a vehicle raises the overall cost of the trucks and trailers. Compressors, condensers, evaporators, and other components make up an automobile HVAC system. Regular maintenance is necessary to keep these components in excellent working condition, which is rather costly.

The compressor is the most expensive component in the system, and it requires adequate refrigerant and maintenance to avoid early compression failure.

In addition, due to high profitability, automobile manufacturers are concentrating on the production of vehicles, resulting in a supply shortage for heavy vehicle components and spare parts. The combination of a scarcity of supply and strong demand drives up the cost of HVAC equipment for trucks and trailers. High maintenance costs of the overall components of HVAC systems is expected to hamper the growth of the Asia-Pacific truck and trailer HVAC market.

Asia-Pacific Trucks and Trailer HVAC Market
By Sales Channel
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Aftermarket is projected as the most lucrative segments

Increase in demand for HVAC systems from developing nations

Trucks and trailers are extremely beneficial in aiding growing urbanization and industrialization, particularly in developing countries. The surge in development and adoption of innovative transportation solutions by emerging countries such as China, India, and Japan, is responsible for the rise in demand for commercial vehicles. For instance, China is home to the world's biggest manufacturers of commercial vehicles with an annual production of 6,037,514 commercial vehicles in 2020, an increase of 12.8 % in 2019. Emerging players and market leaders operating in different industries across the developing countries namely e-commerce, the food industry, and others have increased demand for delivery and transport solutions, thereby further driving the production of trucks and trailers.

In addition, increased production of heavy-duty vehicles considerably boosts the demand for HVAC solutions. Furthermore, the emergence of Asia-Pacific potential heavy vehicle manufacturers such as Valeo, MAHLE GmbH, and Volvo Trucks and Buses, which are focusing on expanding their production capacities in the developing nations through joint ventures with local manufacturers, is expected to present a growth opportunity for the trucks and trailer HVAC market across Asia-Pacific.

COVID-19 Impact Analysis: 

The pandemic has led to an increased awareness of the importance of air quality and hygiene, which has led to a growing demand for specialized HVAC systems that can filter out viruses and bacteria. This has led to an increased focus on developing and implementing new technologies to improve air quality and reduce the risk of infection. Thus, the Covid-19 pandemic initially had a negative impact on the truck and trailers HVAC market, the increased demand for transportation services and the growing awareness of air quality and hygiene have led to a resurgence in demand for HVAC systems in the industry.

Asia-Pacific Trucks and Trailer HVAC Market
By Country
2031
Rest Of Asia-pacific 
India
Australia
Japan
South Korea
Indonesia
Thailand
Philippines
Singapore
Malaysia
Hong Kong
Taiwan

Philippines would exhibit the highest CAGR of 9.8% during 2022-2031.

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents analytical depition of the Asia-Pacific Trucks and Trailer HVAC market analysis along with current tends and future estimations to depict imminent investment pockets.
  • The overall Asia-Pacific Trucks and Trailer HVAC market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the Asia-Pacific Trucks and Trailer HVAC market with a detailed impact analysis.
  • The current Asia-Pacific Trucks and Trailer HVAC market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Asia-Pacific Trucks and Trailer HVAC Market Report Highlights

Aspects Details
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By VEHICLE TYPE
  • Trucks
  • Trailers
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By SALES CHANNEL
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
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By PROPULSION TYPE
  • Internal Combustion Engine
  • Electric
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By COUNTRY
  • India
  • Australia
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Philippines
  • Singapore
  • Malaysia
  • Hong Kong
  • Taiwan
  • Rest of Asia-Pacific
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Key Market Players

Eberspächer, Sanden Corporation, Denso Corporation, Subros Limited, Red Dot Corporate, Grayson Thermal Systems, Webasto Group, Mahle Gmbh, Valeo, Carrier

Analyst Review

This section provides the opinions of various top-level CXOs in the Asia-Pacific Trucks and Trailers HVAC market. According to the leading CXOs, the Asia-Pacific trucks and trailers HVAC market is expected to witness significant growth due to the rise in deployment of electric trucks and trailers around the world. HVAC manufacturers are concentrating on developing fuel-efficient HVAC systems for commercial vehicles. The trucks and trailers HVAC system market is projected to witness considerable growth, especially in the Asia-Pacific region, owing to growth in population along with the increase in globalization and rise in purchasing power and vehicle production over the globe. Companies in the HVAC industry are adopting various innovative techniques to provide customers with advanced and innovative feature offerings. For instance, in June 2022, Ashok Leyland launched the first 8-wheeler truck AVTR 2620. It features N cabin which offers ultimate driving experience with Suspended cab with dampers, Suspended driver seat, Anti-roll bar in the front, excellent storage spaces, Full Metal Front Fascia, Music system, AC and HVAC options.

Factors such as rise in needs for comfort in trucks and trailers and cabins emphasize the importance of optimal energy use. As a result, the parameters used in the identified solutions for various air conditioning and ventilation systems must already be predicted during the design stage in ways that affect humans. In addition, increase in consumer spending on comfort and luxury amenities is expanding the growth of the HVAC market for trucks and trailers. Furthermore, the surge in interest of trucks and trailers drivers indoor air quality is driving the market expansion. The preference of long-distance travelers has shifted toward HVAC-equipped trucks and trailers. High maintenance costs and a decrease in fuel economy owing to trucks and trailers HVAC, on the other hand, are hindering market expansion.

Among the analyzed countries, Japan is the highest revenue contributor, followed by India, South Korea and Thailand. On the basis of forecast analysis, Philippines is expected to lead during the forecast period, due to increase in demand for HVAC equipped trucks and trailers across the country.

Author Name(s) : Abhay Singh | Lalit Janardhan Katare
Frequently Asked Questions?

The Asia-Pacific truck and trailer HVAC market was valued at $28,557.8 million in 2021, and is projected to reach $49,662.2 million by 2031, registering a CAGR of 5.6% from 2022 to 2031

Increased application of HVAC in trailers are the upcoming trends in the industry

The sample for APAC trucks & trailers HVAC market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report

Increased inclination towards the usage of trucks & trailers for logistical movement is seen post Covid-19

Propulsion type is the most influential segment in the market

The company profiles of the top market players of railway telematics market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the railway telematics market.

Philippines is the key matured markets growing in the global APAC trucks and trailers HVAC report

Philippines is the key matured markets growing in the global APAC trucks and trailers HVAC report

Product development & agreements are the key strategies adopted by the top players to increase their revenue in APAC Trucks & Trailers HVAC Market

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Asia-Pacific Trucks and Trailer HVAC Market

Regional Opportunity Analysis and Industry Forecast, 2022-2031.