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Asia Pacific Trucks And Trailers Hvac Market
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Asia Pacific Trucks And Trailers Hvac Market

Home Automotive And Transportation Asia Pacific Trucks And Trailers Hvac Market

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Asia Pacific Trucks and Trailers HVAC Market, By Propulsion Type (Internal Combustion Engine (ICE), Electric); By Vehicle Type (Trucks, Trailers); By Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: June 2023
  • Report ID: BWC23455
  • Available Format: PDF
  • Page: 260

Report Overview

Increasing commercial vehicle sales and the need for driver comfort, rising awareness about air quality, and stringent emission regulations are propelling the growth of the Asia-Pacific Trucks and Trailers HVAC Market during the forecast period between 2023 and 2029.

Asia-Pacific Trucks and Trailers HVAC Market – Industry Trends & Forecast Report, 2029

Asia-Pacific trucks and trailers HVAC market size was estimated at USD 28.95 billion in 2022. During the forecast period between 2023 and 2029, the size of Asia-Pacific trucks and trailers HVAC market size is projected to grow at a CAGR of 4.69% reaching a value of USD 50.21 billion by 2029. Asia-Pacific trucks and trailers HVAC market is witnessing several notable trends. There is a growing demand for energy-efficient HVAC systems, driven by increasing environmental concerns and stringent regulations. Manufacturers are focusing on developing advanced technologies to improve energy efficiency and reduce emissions. Also, there is rising adoption of electric HVAC systems in trucks and trailers to address the need for sustainable transportation solutions. Electric HVAC systems offer reduced energy consumption and lower maintenance costs. Further, there is an increasing emphasis on smart HVAC systems that integrate with vehicle telematics and enable remote monitoring and control. This allows fleet operators to optimize HVAC performance and enhance overall operational efficiency.

Asia-Pacific Trucks and Trailers HVAC Market

Asia-Pacific Trucks and Trailers HVAC Market - Overview

A truck’s and trailer's heating, ventilation, and air conditioning (HVAC) system regulates the internal temperature of the vehicle cabin. It consists of three subsystems: heating, cooling, and air conditioning, which work together to give filtered air to the car cabin and ensure thermal comfort for drivers and passengers. It regulates the temperature of the air, inspects the moisture content of the air, and removes excess humidity from the circulating air.

Growth Drivers

Increasing Demand for Thermal Systems and Autonomous Temperature Control

Fleet owners have increased their emphasis on installing HVAC systems to promote thermal comfort in truck and trailer cabins. The HVAC system is built to ensure that the driver, as well as the passengers and cargo, are kept at a comfortable temperature. HVAC not only improves temperature conditions but also improves air conditioning efficiency and reduces fuel use. Efficient HVAC systems ensure ideal temperature levels for vehicles, which can contribute to increased passenger comfort, fuel efficiency, and other benefits. To improve vehicle efficiency and reduce operating costs, the logistics industry has increased the use of effective HVAC systems in trucks and trailers.

Restraints

Expensive Installation and Maintenance

The HVAC system unit is both expensive to install and repair if it fails. Installing an HVAC unit in a vehicle increases the overall cost of the trucks and trailers. An automotive HVAC system is made up of compressors, condensers, evaporators, and other components. Regular maintenance is required to keep these components in perfect operating order, which is fairly expensive. The compressor is the most expensive component in the system, and it must be properly refrigerated and maintained to avoid premature compression failure. The high maintenance costs of HVAC system components are projected to stymie the expansion of the Asia-Pacific truck and trailer HVAC market.

COVID-19 Impact on the Asia-Pacific Trucks and Trailers HVAC Market

The COVID-19 pandemic raised awareness of the importance of indoor air quality and cleanliness, resulting in a rise in demand for specialized HVAC systems that can filter out viruses and bacteria. Therefore, there has been a greater emphasis on inventing and adopting innovative technology to improve air quality and lower the risk of illness. Thus, while the COVID-19 outbreak initially had a detrimental influence on the truck and trailer HVAC business, increased demand for transportation services, as well as greater awareness of air quality and cleanliness, have contributed to a comeback in industry demand for HVAC systems.

Asia-Pacific Trucks and Trailers HVAC Market

Segmental Coverage

Asia-Pacific Trucks and Trailers HVAC Market – By Propulsion Type

On the basis of propulsion type, Asia-Pacific trucks and trailers HVAC market is divided into Internal Combustion Engine (ICE) and Electric segments. The ICE segment refers to vehicles powered by traditional fossil fuel engines, such as diesel or petrol. This segment has long been the dominant force in the region's truck and trailer market, with a vast array of established manufacturers and a well-established infrastructure to support it. However, in recent years, the Electric segment has gained significant traction. With a growing focus on sustainability and environmental concerns, electric trucks and trailers have emerged as a viable alternative. As the demand for electric vehicles rises, the market for electric trucks and trailers in the Asia-Pacific region is poised for substantial growth.

Asia-Pacific Trucks and Trailers HVAC Market – By Vehicle Type

On the basis of vehicle type, Asia-Pacific trucks and trailers HVAC market is divided into Trucks and Trailers segments. The larger one in terms of market size and significance is the Trucks segment. This segment encompasses various types of trucks, including heavy-duty trucks, medium-duty trucks, and light-duty trucks, which are utilized for transportation, logistics, and commercial purposes across the Asia Pacific region. The demand for trucks in this market is driven by factors such as economic growth, infrastructure development, and increasing trade activities. The Trucks segment represents a substantial portion of the overall market and plays a crucial role in supporting the transportation and logistics industry throughout Asia Pacific.

Asia-Pacific Trucks and Trailers HVAC Market Share

Asia-Pacific Trucks and Trailers HVAC Market – By Sales Channel

On the basis of sales channel, Asia-Pacific Trucks and trailers HVAC market is split into Original Equipment Manufacturers (OEMs) and Aftermarket segments. The OEM segment refers to the manufacturers that produce trucks and trailers for sale directly to customers. These OEMs design, manufacture, and distribute new vehicles with the latest technologies and features. On the other hand, the aftermarket segment encompasses the market for parts, accessories, and services related to trucks and trailers. This includes repair and maintenance services, replacement parts, customization options, and upgrades. While both segments are important, the OEM segment typically represents the larger portion of the market, as it caters to the initial sales and distribution of new vehicles.

Asia-Pacific Trucks and Trailers HVAC Market – By Country

Geographically, Asia-Pacific trucks and trailers HVAC market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China dominates the Asia-Pacific trucks and trailers HVAC market. As the world's most populous country and a rapidly growing economy, China's truck and trailer industry plays a significant role in the region. The country's vast manufacturing sector and robust infrastructure development drive the demand for commercial vehicles, including trucks and trailers. Also, China's expanding e-commerce market and logistics industry further contribute to the growth of the transportation sector. With its extensive domestic market and strong manufacturing capabilities, China stands out as the largest segment in the Asia-Pacific trucks and trailers HVAC market.

Competitive Landscape

Major players in the Asia-Pacific trucks and trailers HVAC market include Carrier, Denso Corporation, Calsonic Kansei Corporation, Hanon Systems, Mitsubishi Heavy Industries Thermal Systems Ltd., Subros Limited, Sanden Corporation, Tata Motors Limited, Ashok Leyland Limited, and Mahindra & Mahindra Limited. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/ Service Segmentation

Propulsion Type, Vehicle Type, Sales Channel, Country

Key Players

Carrier, Denso Corporation, Calsonic Kansei Corporation, Hanon Systems, Mitsubishi Heavy Industries Thermal Systems Ltd., Subros Limited, Sanden Corporation, Tata Motors Limited, Ashok Leyland Limited, Mahindra & Mahindra Limited

 

By Propulsion Type

  • Internal Combustion Engine

  • Electric

By Vehicle Type

  • Trucks

  • Trailers

By Sales Channel

  • Original Equipment Manufacturers (OEMs)

  • Aftermarket

By Country

    • China

    • India

    • Japan

    • South Korea

    • Australia & New Zealand

    • Indonesia

    • Malaysia

    • Singapore

    • Vietnam

    • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia-Pacific Trucks and Trailers HVAC Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing demand for HVAC systems from developing nations
        2. Growing demand for thermal system and automatic climate control features in trucks and trailers
        3. Rising production of heavy-duty vehicles
      2. Restraints
        1. High installation and maintenance cost
        2. Lack of infrastructure
      3. Opportunities
        1. Development of intelligent transport systems
        2. Rising demand for Cold Chain Logistics
      4. Challenges
        1. Stringent emission rule and regulations
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia-Pacific Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
        1. Internal Combustion Engine
        2. Electric
      2. By Vehicle Type
        1. Trucks
        2. Trailers
      3. By Sales Channel
        1. Original Equipment Manufacturers (OEMs)
        2. Aftermarket
      4.  By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  5. China Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  6. India Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  7. Japan Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  8. South Korea Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  9. Australia & New Zealand Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  10. Indonesia Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  11. Malaysia Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  12. Singapore Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  13. Vietnam Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  14. Rest of APAC Trucks and Trailers HVAC Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Propulsion Type
      2. By Vehicle Type
      3. By Sales Channel
  15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Trucks and Trailers HVAC Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  16. Impact of Covid-19 on Asia-Pacific Trucks and Trailers HVAC Market
  17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Carrier
    2. Denso Corporation
    3. Calsonic Kansei Corporation
    4. Hanon Systems
    5. Mitsubishi Heavy Industries Thermal Systems Ltd.
    6. Subros Limited
    7. Sanden Corporation
    8. Tata Motors Limited
    9. Ashok Leyland Limited
    10. Mahindra & Mahindra Limited
    11. Other Prominent Players
  18. Key Strategic Recommendations
  19. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

 

List of Figures

Figure 1   Asia-Pacific Trucks and Trailers HVAC Market Segmentation

Figure 2   Asia-Pacific Trucks and Trailers HVAC Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4       Asia-Pacific Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 5       Asia-Pacific Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 6       Asia-Pacific Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 7       Asia-Pacific Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 8       Asia-Pacific Trucks and Trailers HVAC Market Share, By Country, By Value, 2019–2029

Figure 9       China Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 10     China Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 11     China Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 12     China Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 13     India Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 14     India Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 15     India Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 16     India Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 17     Japan Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 18     Japan Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 19     Japan Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 20     Japan Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 21     South Korea Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 22     South Korea Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 23     South Korea Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 24     South Korea Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 25     Australia & New Zealand Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 26     Australia & New Zealand Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 27     Australia & New Zealand Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 28     Australia & New Zealand Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 29     Indonesia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 30     Indonesia Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 31     Indonesia Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 32     Indonesia Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 33     Malaysia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 34     Malaysia Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 35     Malaysia Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 36     Malaysia Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 37     Singapore Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 38     Singapore Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 39     Singapore Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 40     Singapore Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 41     Vietnam Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 42     Vietnam Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 43     Vietnam Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 44     Vietnam Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

Figure 45     Rest of APAC Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Figure 46     Rest of APAC Trucks and Trailers HVAC Market Share, By Propulsion Type, By Value, 2019–2029

Figure 47     Rest of APAC Trucks and Trailers HVAC Market Share, By Vehicle Type, By Value, 2019–2029

Figure 48     Rest of APAC Trucks and Trailers HVAC Market Share, By Sales Channel, By Value, 2019–2029

 

List of Tables

Table 1      Asia-Pacific Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 2      Asia-Pacific Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 3      Asia-Pacific Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 4      Asia-Pacific Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 5      Asia-Pacific Trucks and Trailers HVAC Market Size, By Country, By Value, 2019–2029

Table 6      China Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 7      China Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 8      China Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 9      China Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 10    India Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 11    India Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 12    India Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 13    India Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 14    Japan Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 15    Japan Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 16    Japan Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 17    Japan Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 18    South Korea Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 19    South Korea Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 20    South Korea Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 21    South Korea Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 22    Australia & New Zealand Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 23    Australia & New Zealand Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 24    Australia & New Zealand Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 25    Australia & New Zealand Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 26    Indonesia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 27    Indonesia Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 28    Indonesia Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 29    Indonesia Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 30    Malaysia Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 31    Malaysia Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 32    Malaysia Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 33    Malaysia Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 34    Singapore Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 35    Singapore Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 36    Singapore Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 37    Singapore Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 38    Vietnam Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 39    Vietnam Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 40    Vietnam Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 41    Vietnam Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 42    Rest of APAC Trucks and Trailers HVAC Market Size, By Value (USD Million), 2019–2029

Table 43    Rest of APAC Trucks and Trailers HVAC Market Size, By Propulsion Type, By Value, 2019–2029

Table 44    Rest of APAC Trucks and Trailers HVAC Market Size, By Vehicle Type, By Value, 2019–2029

Table 45    Rest of APAC Trucks and Trailers HVAC Market Size, By Sales Channel, By Value, 2019–2029

Table 46    Carrier Company Overview

Table 47    Carrier Financial Overview

Table 48    Denso Corporation Company Overview

Table 49    Denso Corporation Financial Overview

Table 50    Calsonic Kansei Corporation Company Overview

Table 51    Calsonic Kansei Corporation Financial Overview

Table 52    Hanon Systems Company Overview

Table 53    Hanon Systems Financial Overview

Table 54    Mitsubishi Heavy Industries Thermal Systems Ltd. Company Overview

Table 55    Mitsubishi Heavy Industries Thermal Systems Ltd. Financial Overview

Table 56    Subros Limited Company Overview

Table 57    Subros Limited Financial Overview

Table 58    Sanden Corporation Company Overview

Table 59    Sanden Corporation Financial Overview

Table 60    Tata Motors Limited Company Overview

Table 61    Tata Motors Limited Financial Overview

Table 62    Ashok Leyland Limited Company Overview

Table 63    Ashok Leyland Limited Financial Overview

Table 64    Mahindra & Mahindra Limited Company Overview

Table 65    Mahindra & Mahindra Limited Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: China holds the highest market share in the Asia-Pacific Trucks and Trailers HVAC Market.
Ans: Asia-Pacific Trucks and Trailers HVAC Market size was estimated at USD 28.95 million in 2022.
Ans: Major factors driving the growth of Asia-Pacific Trucks and Trailers HVAC Market include rapid urbanization, increasing industrialization, growing e-commerce activities, infrastructure development, and expanding logistics and transportation sectors.
Ans: Key players in Asia-Pacific Trucks and Trailers HVAC Market include Carrier, Denso Corporation, Calsonic Kansei Corporation, Hanon Systems, Mitsubishi Heavy Industries Thermal Systems Ltd., Subros Limited, Sanden Corporation, Tata Motors Limited, Ashok Leyland Limited, and Mahindra & Mahindra Limited.
Ans: The Internal Combustion Engine segment accounts for a higher market share in the Asia-Pacific Trucks and Trailers HVAC Market by propulsion type.