This research service covers the North American passenger car and light commercial vehicle HVAC components aftermarket in terms of volume (million units) and value ($ million). It discusses unit shipment, revenue, average price, and distribution channel share for eight product types: Compressor, condenser, heater core, evaporator, radiator, expansion valve, accumulator and receiver drier, and radiator fan and motor. The base year is 2021, and the forecast period is from 2022 to 2028.
The demand for HVAC components in the North American aftermarket declined in 2020 because of the COVID-19 pandemic. However, the aftermarket has recovered in 2021 because of pent-up demand, increasing VIO, and an aging vehicle population. Unit shipment, however, will remain flat until the end of the forecast period because of a reduction in the number of vehicle accidents and higher product durability. Most of the HVAC components witnessed a significant price increase in 2021 because of the increase in raw material cost and supply chain issues caused by the COVID-19 pandemic and other geopolitical situations. Revenue will see marginal growth because of price correction and a decline in unit shipment. Warehouse distributors (WDs) and retailers are the key channel partners, as this category is primarily a Do-It-For-Me (DIFM) segment. OES channel has a notable share in certain HVAC components, as a significant share of the demand arises from vehicle collision. WDs and retailers dominate the HVAC category with their aggressive pricing and extensive private label coverage. Key participants in the North American HVAC aftermarket are SMP, LKQ, APDI, Spectra Premium, Santech, TYC Genera, Continental, Dorman Products, and Denso.
Author: Seshasayee Tatineni
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Top 3StrategicImperativeAffectingtheGrowthoftheHVACAftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Definitions
Definitions (continued)
Key Questions This Study Will Answer
Key Competitors
Key Findings
Growth Drivers
Growth Restraints
CASE Impact on the HVAC Components Aftermarket, 2028
Competitive Environment
Forecast Assumptions
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Unit Shipment Forecast by Product
Percent Unit Shipment Forecast by Product
Revenue Forecast by Product
Percent Revenue Forecast by Product
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel
Analysis of Revenue Share by Distribution Channel
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Unit Shipment Forecast by Product Type
Revenue Forecast by Product Type
Revenue and Unit Shipment Forecast Anaylsis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Discussion
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
Growth Metrics
Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Region
Revenue Forecast by Region
Revenue and Unit Shipment Forecast Analysis
Average Pricing Forecast
Revenue Share
Revenue Share Analysis
Revenue Share by Distribution Channel and Service Preference
Analysis of Revenue Share by Distribution Channel and Service Preference
Retail Supplier Matrix
SMP
Keystone (LKQ)
Santech Industries (Omega Group)
TYC Genera
Spectra Premium
Growth Opportunity 1: Private Labels
Growth Opportunity 1: Private Labels (continued)
Growth Opportunity 2: eCompressor
Growth Opportunity 2: eCompressor (continued)
Growth Opportunity 3: Connected Vehicle Technology/Telematics
Growth Opportunity 3: Connected Vehicle Technology/Telematics (continued)
3 Big Predictions
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Class 1–3 HVAC Components Aftermarket: Growth Drivers, NA, 2021–2028
- Class 1–3 HVAC Components Aftermarket: Growth Restraints, NA, 2021–2028
- HVAC Component Aftermarket: Growth Metrics, NA, 2021
- HVAC Component Aftermarket: Revenue and Unit Shipment Forecast, NA, 2018–2028
- HVAC Component Aftermarket: Unit Shipment Forecast by Region, 2018–2028
- HVAC Component Aftermarket: Revenue Forecast by Region, 2018–2028
- HVAC Component Aftermarket: Unit Shipment Forecast by Product, NA, 2018–2028
- HVAC Component Aftermarket: Percent Unit Shipment Forecast by Product, NA, 2018–2028
- HVAC Component Aftermarket: Revenue Forecast by Product, NA, 2018–2028
- HVAC Component Aftermarket: Percent Revenue Forecast by Product, NA, 2018–2028
- HVAC Component Aftermarket: Average Pricing Forecast, NA, 2018–2028
- HVAC Component Aftermarket: Revenue Share of Top 6 Participants, NA, 2021
- HVAC Component Aftermarket: Revenue Share by Distribution Channel, NA, 2021
- Compressor Aftermarket: Growth Metrics, NA, 2021
- Compressor Aftermarket: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Compressor: Unit Shipment Forecast by Region, 2018–2028
- Compressor: Revenue Forecast by Region, 2018–2028
- Compressor: Unit Shipment Forecast by Product Type, 2018–2028
- Compressor: Revenue Forecast by Product Type, 2018–2028
- Compressors: Average Pricing Forecast, NA, 2018–2028
- Compressor: Revenue Share of Top 4 Participants, NA, 2021
- Compressor: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Accumulator and Receiver Drier Aftermarket: Growth Metrics, NA, 2021
- Accumulator and Receiver Drier: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Accumulator and Receiver Drier: Unit Shipment Forecast by Region, 2018–2028
- Accumulator and Receiver Drier: Revenue Forecast by Region, 2018–2028
- Accumulator and Receiver Drier: Average Pricing Forecast, NA, 2018–2028
- Accumulator and Receiver Drier: Revenue Share of Top 3 Participants, NA, 2021
- Accumulator and Receiver Drier: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Evaporator Aftermarket: Growth Metrics, NA, 2021
- Evaporator: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Evaporator: Unit Shipment Forecast by Region, 2018–2028
- Evaporator: Revenue Forecast by Region, 2018–2028
- Evaporator: Average Pricing Forecast, NA, 2018–2028
- Evaporator: Revenue Share of Top 3 Participants, NA, 2021
- Evaporator: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Condenser Aftermarket: Growth Metrics, NA, 2021
- Condenser: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Condenser: Unit Shipment Forecast by Region, 2018–2028
- Condenser: Revenue Forecast by Region, 2018–2028
- Condenser: Average Pricing Forecast, NA, 2018–2028
- Condenser: Revenue Share of Top 4 Participants, NA, 2021
- Condenser: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Expansion Valve Aftermarket: Growth Metrics, NA, 2021
- Expansion Valve: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Expansion Valve: Unit Shipment Forecast by Region, 2018–2028
- Expansion Valve: Revenue Forecast by Region, 2018–2028
- Expansion Valve: Average Pricing Forecast, NA, 2018–2028
- Expansion Valve: Revenue Share of Top 3 Participants, NA, 2021
- Expansion Valve: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Heater Core Aftermarket: Growth Metrics, NA, 2021
- Heater Core: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Heater Core: Unit Shipment Forecast by Region, 2018–2028
- Heater Core: Revenue Forecast by Region, 2018–2028
- Heater Core: Average Pricing Forecast, NA, 2018–2028
- Heater Core: Revenue Share of Top 3 Participants, NA, 2021
- Heater Core: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Radiator Aftermarket: Growth Metrics, NA, 2021
- Radiator: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Radiator: Unit Shipment Forecast by Region, 2018–2028
- Radiator: Revenue Forecast by Region, 2018–2028
- Radiator: Average Pricing Forecast, NA, 2018–2028
- Radiator: Revenue Share of Top 5 Participants, NA, 2021
- Radiator: Revenue Share by Distribution Channel and Service Preference, NA, 2021
- Radiator Fan Assembly Aftermarket: Growth Metrics, NA, 2021
- Radiator Fan Assembly: Revenue and Unit Shipment Forecast, NA, 2018–2028
- Radiator Fan Assembly: Unit Shipment Forecast by Region, 2018–2028
- Radiator Fan Assembly: Revenue Forecast by Region, 2018–2028
- Radiator Fan Assembly: Average Pricing Forecast, NA, 2018–2028
- Radiator Fan Assembly: Revenue Share of Top 5 Participants, NA, 2021
- Radiator Fan Assembly: Revenue Share by Distribution Channel and Service Preference, NA, 2021
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This research service covers the North American passenger car and light commercial vehicle HVAC components aftermarket in terms of volume (million units) and value ($ million). It discusses unit shipment, revenue, average price, and distribution channel share for eight product types: Compressor, condenser, heater core, evaporator, radiator, expansion valve, accumulator and receiver drier, and radiator fan and motor. The base year is 2021, and the forecast period is from 2022 to 2028.
The demand for HVAC components in the North American aftermarket declined in 2020 because of the COVID-19 pandemic. However, the aftermarket has recovered in 2021 because of pent-up demand, increasing VIO, and an aging vehicle population. Unit shipment, however, will remain flat until the end of the forecast period because of a reduction in the number of vehicle accidents and higher product durability. Most of the HVAC components witnessed a significant price increase in 2021 because of the increase in raw material cost and supply chain issues caused by the COVID-19 pandemic and other geopolitical situations. Revenue will see marginal growth because of price correction and a decline in unit shipment. Warehouse distributors (WDs) and retailers are the key channel partners, as this category is primarily a Do-It-For-Me (DIFM) segment. OES channel has a notable share in certain HVAC components, as a significant share of the demand arises from vehicle collision. WDs and retailers dominate the HVAC category with their aggressive pricing and extensive private label coverage. Key participants in the North American HVAC aftermarket are SMP, LKQ, APDI, Spectra Premium, Santech, TYC Genera, Continental, Dorman Products, and Denso.
Author: Seshasayee Tatineni
| Deliverable Type | Market Research |
|---|---|
| Author | seshasayee Tatineni |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | Class 1–3 HVAC Components Aftermarket: Growth Drivers, NA, 2021–2028~ Class 1–3 HVAC Components Aftermarket: Growth Restraints, NA, 2021–2028~ HVAC Component Aftermarket: Growth Metrics, NA, 2021~ HVAC Component Aftermarket: Revenue and Unit Shipment Forecast, NA, 2018–2028~ HVAC Component Aftermarket: Unit Shipment Forecast by Region, 2018–2028~ HVAC Component Aftermarket: Revenue Forecast by Region, 2018–2028~ HVAC Component Aftermarket: Unit Shipment Forecast by Product, NA, 2018–2028~ HVAC Component Aftermarket: Percent Unit Shipment Forecast by Product, NA, 2018–2028~ HVAC Component Aftermarket: Revenue Forecast by Product, NA, 2018–2028~ HVAC Component Aftermarket: Percent Revenue Forecast by Product, NA, 2018–2028~ HVAC Component Aftermarket: Average Pricing Forecast, NA, 2018–2028~ HVAC Component Aftermarket: Revenue Share of Top 6 Participants, NA, 2021~ HVAC Component Aftermarket: Revenue Share by Distribution Channel, NA, 2021~ Compressor Aftermarket: Growth Metrics, NA, 2021~ Compressor Aftermarket: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Compressor: Unit Shipment Forecast by Region, 2018–2028~ Compressor: Revenue Forecast by Region, 2018–2028~ Compressor: Unit Shipment Forecast by Product Type, 2018–2028~ Compressor: Revenue Forecast by Product Type, 2018–2028~ Compressors: Average Pricing Forecast, NA, 2018–2028~ Compressor: Revenue Share of Top 4 Participants, NA, 2021~ Compressor: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Accumulator and Receiver Drier Aftermarket: Growth Metrics, NA, 2021~ Accumulator and Receiver Drier: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Accumulator and Receiver Drier: Unit Shipment Forecast by Region, 2018–2028~ Accumulator and Receiver Drier: Revenue Forecast by Region, 2018–2028~ Accumulator and Receiver Drier: Average Pricing Forecast, NA, 2018–2028~ Accumulator and Receiver Drier: Revenue Share of Top 3 Participants, NA, 2021~ Accumulator and Receiver Drier: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Evaporator Aftermarket: Growth Metrics, NA, 2021~ Evaporator: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Evaporator: Unit Shipment Forecast by Region, 2018–2028~ Evaporator: Revenue Forecast by Region, 2018–2028~ Evaporator: Average Pricing Forecast, NA, 2018–2028~ Evaporator: Revenue Share of Top 3 Participants, NA, 2021~ Evaporator: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Condenser Aftermarket: Growth Metrics, NA, 2021~ Condenser: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Condenser: Unit Shipment Forecast by Region, 2018–2028~ Condenser: Revenue Forecast by Region, 2018–2028~ Condenser: Average Pricing Forecast, NA, 2018–2028~ Condenser: Revenue Share of Top 4 Participants, NA, 2021~ Condenser: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Expansion Valve Aftermarket: Growth Metrics, NA, 2021~ Expansion Valve: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Expansion Valve: Unit Shipment Forecast by Region, 2018–2028~ Expansion Valve: Revenue Forecast by Region, 2018–2028~ Expansion Valve: Average Pricing Forecast, NA, 2018–2028~ Expansion Valve: Revenue Share of Top 3 Participants, NA, 2021~ Expansion Valve: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Heater Core Aftermarket: Growth Metrics, NA, 2021~ Heater Core: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Heater Core: Unit Shipment Forecast by Region, 2018–2028~ Heater Core: Revenue Forecast by Region, 2018–2028~ Heater Core: Average Pricing Forecast, NA, 2018–2028~ Heater Core: Revenue Share of Top 3 Participants, NA, 2021~ Heater Core: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Radiator Aftermarket: Growth Metrics, NA, 2021~ Radiator: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Radiator: Unit Shipment Forecast by Region, 2018–2028~ Radiator: Revenue Forecast by Region, 2018–2028~ Radiator: Average Pricing Forecast, NA, 2018–2028~ Radiator: Revenue Share of Top 5 Participants, NA, 2021~ Radiator: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ Radiator Fan Assembly Aftermarket: Growth Metrics, NA, 2021~ Radiator Fan Assembly: Revenue and Unit Shipment Forecast, NA, 2018–2028~ Radiator Fan Assembly: Unit Shipment Forecast by Region, 2018–2028~ Radiator Fan Assembly: Revenue Forecast by Region, 2018–2028~ Radiator Fan Assembly: Average Pricing Forecast, NA, 2018–2028~ Radiator Fan Assembly: Revenue Share of Top 5 Participants, NA, 2021~ Radiator Fan Assembly: Revenue Share by Distribution Channel and Service Preference, NA, 2021~ |
| Podcast | No |
| WIP Number | K802-01-00-00-00 |
Replacement Demand Analysis for Class 1–3 HVAC Components in North America
Replacement Demand Analysis for Class 1–3 HVAC Components in North America
North American HVAC Aftermarket is Estimated to be $1.87 Billion by 2028
RELEASE DATE
28-Nov-2022
28-Nov-2022
REGION
North America
North America
Deliverable Type
Market Research
Market Research
Research Code: K802-01-00-00-00
SKU: AU02454-NA-MT_27168
$4,950.00
In stock
SKU
AU02454-NA-MT_27168