Global Bus HVAC System Market Overview
According to SPER Market Research, the Global Bus HVAC System Market is estimated to reach USD 2.19 billion by 2033 with a CAGR of 7.04%.
The system that regulates the temperature and air quality inside a bus is known as the bus HVAC system, or heating, ventilation, and air conditioning. The HVAC system on buses is designed to maintain a comfortable interior temperature and a steady flow of fresh air for the benefit of the passengers. The compressor, evaporator, condenser, and blower motor are just a few examples of the many parts that make up this intricate system. The system's refrigerant gas is compressed and circulated by the compressor. Heat exchangers called the evaporator and condenser absorb and release heat to keep the temperature inside the bus where it should be. Air is moved throughout the system and into the passenger area by the blower motor. Bus HVAC systems can be operated manually or automatically using a thermostat, and they can be powered by the bus engine or a different power source. The system is a crucial part of the design and operation of buses because it ensures the comfort and safety of passengers while they are being transported.
Exploring the Growth Drivers of the Global Bus HVAC System Industry.
There are several reasons why the market for bus HVAC systems is expanding globally. One of the key factors is the rising demand for efficient and comfortable transportation, which has increased bus production and sales. Another factor driving the demand for superior and dependable HVAC systems in buses is the expansion of public transportation infrastructure. In addition, HVAC systems are becoming more environmentally friendly and energy-efficient, smart technologies and IoT are being integrated, and there are laws requiring the installation of HVAC systems in buses. All of these elements are fostering an environment that is favourable for the expansion of the global bus HVAC system market.
What challenges does the Global Bus HVAC System Market face?
The global bus HVAC system market is facing some challenges that are hindering its growth. One of the significant challenges is the high cost of HVAC systems, which can make them unaffordable for some bus manufacturers and operators. The complexity of the HVAC system and the need for specialized knowledge and training to install and maintain the systems are also challenges. The lack of standardization in HVAC systems across different bus manufacturers and models can lead to compatibility issues and increase costs. Another challenge is the increasing trend towards electric buses, which require different types of HVAC systems and can limit the market for traditional HVAC systems. The COVID-19 pandemic has also impacted the market, as it has led to a decline in the production and sales of buses, affecting the demand for HVAC systems. These challenges combined pose significant obstacles to the growth of the global bus HVAC system market.
In what ways has the COVID-19 pandemic affected Global Bus HVAC System Market?
The global bus HVAC systems market has been significantly impacted by the COVID-19 pandemic. The economic effects of the pandemic have reduced bus production and sales, which has reduced demand for HVAC systems. The number of people using public transport has decreased as a result of the lockdowns and travel restrictions, further lowering demand. The pandemic's uncertainty has also made it challenging for manufacturers to effectively plan and carry out operations. But the pandemic has also brought attention to the significance of HVAC systems in buses and the demand for cutting-edge systems that improve air quality and passenger safety. This could spur industry innovation and result in the creation of brand-new, cutting-edge HVAC systems.
-010331710052023.jpg)
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Vehicle Type, By Input, By Sales Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Coachair Pty Ltd., Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, Grayson Thermal Systems, Honeywell International Inc, Internacional Hispacold SA, Konvekta AG, MAHLE GmbH, Mobile Climate Control Inc, Sanden Holdings Corporation, Sidwal Refrigeration Industries Pvt. Ltd, Subros Limited, SUTRAK Corporation, Trane Technologies Plc, Valeo, Webasto Group, Zhengzhou Guchen Industry Co. Ltd.
|
Key Target Audience
- HVAC system manufacturers, component and parts suppliers, distributors, government and regulatory bodies
- Public transportation authorities
- Private bus operators
Global Bus HVAC System Market Segmentation:
1. By Type:
- Global Bus HVAC System Market Value Share and Forecast, By Type, 2023-2033
- Automatic
- Manual
2. By Vehicle Type:
- Global Bus HVAC System Market Value Share and Forecast, By Vehicle Type, 2023-2033
- Intercity Buses
- Coach Buses
- School Buses
- Transit buses
3. By Input:
- Global Bus HVAC System Market Value Share and Forecast, By Input, 2023-2033
- Engine Powered HVAC System
- Electric Powered HVAC System
4. By Sales Channel:
- Global Bus HVAC System Market Value Share and Forecast, By End User, 2023-2033
- OEM
- Aftermarket
5. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report
- Global Bus HVAC System Market Size (FY’2023-FY’2033)
- Overview of Global Bus HVAC System Market
- Segmentation of Global Bus HVAC System Market By Type (Automatic, Manual)
- Segmentation of Global Bus HVAC System Market By Vehicle Type (Intercity Buses, Coach Buses, School Buses, Transit buses)
- Segmentation of Global Bus HVAC System Market By Input (Engine Powered HVAC System, Electric Powered HVAC System)
- Segmentation of Global Bus HVAC System Market By Sales Channel (OEM, Aftermarket)
- Statistical Snap of Global Bus HVAC System Market
- Growth Analysis of Global Bus HVAC System Market
- Problems and Challenges in Global Bus HVAC System Market
- Competitive Landscape in the Global Bus HVAC System Market
- Impact of COVID-19 and Demonetization on Global Bus HVAC System Market
- Details on Recent Investment in Global Bus HVAC System Market
- Competitive Analysis of Global Bus HVAC System Market
- Key Players in the Global Bus HVAC System Market
- SWOT Analysis of Global Bus HVAC System Market
- Global Bus HVAC System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Bus HVAC System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Bus HVAC System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Bus HVAC System Market
7. Global Bus HVAC System Market, By Type (USD Million)
7.1. Global Bus HVAC System Market Value Share and Forecast, By Type, 2023-2033
7.2. Automatic
7.3. Manual
8. Global Bus HVAC System Market, By Vehicle Type (USD Million)
8.1. Global Bus HVAC System Market Value Share and Forecast, By Vehicle Type, 2023-2033
8.2. Intercity Buses
8.3. Coach Buses
8.4. School Buses
8.5. Transit buses
9. Global Bus HVAC System Market, By Input (USD Million)
9.1. Global Bus HVAC System Market Value Share and Forecast, By Input, 2023-2033
9.2. Engine Powered HVAC System
9.3. Electric Powered HVAC System
10. Global Bus HVAC System Market, By Sales Channel (USD Million)
10.1. Global Bus HVAC System Market Value Share and Forecast, By End User, 2023-2033
10.2. OEM
10.3. Aftermarket
11. Global Bus HVAC System Market Forecast, 2019-2033 (USD Million)
11.1. Global Bus HVAC System Market Size and Market Share
12. Global Bus HVAC System Market, By Type, 2019-2033 (USD Million)
12.1. Global Bus HVAC System Market Size and Market Share By Type (2019-2026)
12.2. Global Bus HVAC System Market Size and Market Share By Type (2027-2033)
13. Global Bus HVAC System Market, By Vehicle Type, 2019-2033 (USD Million)
13.1. Global Bus HVAC System Market Size and Market Share By Vehicle Type (2019-2026)
13.2. Global Bus HVAC System Market Size and Market Share By Vehicle Type (2027-2033)
14. Global Bus HVAC System Market, By Input, 2019-2033 (USD Million)
14.1. Global Bus HVAC System Market Size and Market Share By Input (2019-2026)
14.2. Global Bus HVAC System Market Size and Market Share By Input (2027-2033)
15. Global Bus HVAC System Market, By Sales Channel, 2019-2033 (USD Million)
15.1. Global Bus HVAC System Market Size and Market Share By Sales Channel (2019-2026)
15.2. Global Bus HVAC System Market Size and Market Share By Sales Channel (2027-2033)
16. Global Bus HVAC System Market, By Region, 2019-2033 (USD Million)
16.1. Global Bus HVAC System Market Size and Market Share By Region (2019-2026)
16.2. Global Bus HVAC System Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Coachair Pty Ltd.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Denso Corporation
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Eberspächer Gruppe GmbH & Co. KG
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Grayson Thermal Systems
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Honeywell International Inc.
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Internacional Hispacold SA
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Konvekta AG
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. MAHLE GmbH
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Mobile Climate Control Inc.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Sanden Holdings Corporation
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Subros Limited
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. SUTRAK Corporation
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Trane Technologies Plc
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Valeo, Webasto Group
17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments
17.15. Zhengzhou Guchen Industry Co. Ltd.
17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments
17.16. Sidwal Refrigeration Industries Pvt. Ltd
17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope