Automotive Air Compressor Market Overview
Automotive Air Compressors are crucial equipment which assist in energy savings, low power consumption and low operating costs. It is considered as prime utility in an automotive manufacturing plant. In an air-conditioning system, the compressor is the power unit which compresses low pressure low temperature refrigerant into high pressure high temperature gas.
Along with air conditioning of automobiles, it is an integral component in vehicular air brakes, turbochargers, tire inflators and superchargers. It also provides pneumatic power to different tools such as nail guns, sandblasters, blow guns, air sanders, spray guns and many other tools required for operation in an automotive plant. It converts power into potential kinetic energy which can be later stored as pressurized air.
Automotive Air Compressor Market: Market Dynamics
Automotive Air Compressor is used in every phase of an automotive production line from the assembly stage to the paint area, press stage and body shop stage. The different areas where an Automotive Air Compressor is used include pneumatic conveying, air-conditioning, plasma cutting, painting, car testing, tire inflation and air-conditioning.
Such demands have proliferated the usage of Automotive Air Compressor in the industry and surged their production. Moreover, the automotive facilities in today’s world, have different standards and protocols for operation. With the increasing labor cost day-by-day, cost of tools, maintenance cost and cost of raw materials, re-work has become expensive.
In such applications, Automotive Air Compressors are seeking usage by automotive professionals.The rental services in the Automotive Air Compressors have put a minor restraint in the market growth. Moreover replacement rate ranges from 4% for 10-12 year old vehicles to 2% for 4-6 year old vehicles with hefty replacement procedures which need to be performed professionally. T
hese factors are negatively impacting the market growth.The Automotive Air Compressor market has a lot of growth opportunities as the concern towards environment-friendliness is increasing. An automobile utilizing energy from an air compressor is considered as an environmentally friendly vehicle of the future.
By adopting the usage of Automotive Air Compressors, the shift towards green energy is initiated. Due to Automotive Air Compressors, production has multi-folded across the automotive industries at speeds that would be impossible if the tasks were solely done by manual efforts.
As countries outside the G8, are tending to develop a domestic manufacturing base to compete in regional and international markets, the use of Automotive Air Compressors is rapidly spreading throughout these areas. Over the next decade, these areas are likely possible to develop themselves into one of the most attractive markets for manufacturing of Automotive Air Compressors.
As new social measures were introduced during the COVID-19 pandemic, consumer sentiments towards the automotive industry turned negative. The market reaped benefits from a strong pipeline of new products introduced by leading brands last year but a number of automotive production facilities were halted and now discontinued across the globe.
In few countries such as China, Vietnam and Japan the automotive market is recovering whereas in Germany, UK and some ASEAN countries like Indonesia, the plants are forced to reduce output due to disruption caused by global pandemic.
Such fluctuating scenarios had severely impacted the Automotive Air Compressors market in COVID hit year but now it is gradually recovering and seeks new avenues for global growth.
In terms of operating conditions, Stationary Automotive Air Compressor segment is considered to be the major contributor for the growth of the Automotive Air Compressor market. The supporting reason is from the fact that these compressors deliver higher capacities of compressed air.
They find application in different automotive areas such as auto manufacturers, repair shops and at-home mechanics. The stationary Automotive Air Compressors are available in both horizontal and vertical orientations. They can be mounted on any type of system topography.
The Automotive Air Compressors market has rapidly grown and inclined towards a commercialization matrix over the past few years, as automotive & manufacturing sectors have witnessed larger expansions. They hold a major growth credit. Moreover, the key players in Automotive Air Compressor market have built on collaborations and partnerships which is also their top-notch sustainability strategy.
To select a suitable Automotive Air Compressor for varied requirements is a major challenge considering the many different types of Automotive Air Compressors and air treatment equipment which are available in the market.
The proliferated usage of these compressors across small, medium and large businesses have determined that it is the most crucial equipment in today’s industry to drive energy savings and important factors for calculating the total cost of ownership.
Automotive Air Compressor Market: Regional Outlook
Europe has one of the largest automobile manufacturing bases in the world. Countries like Germany being amongst the four largest car manufacturing countries in the world are considered as an investment option by key players in the Automotive Air Compressor market. It is cited as one of the chief regional pockets for the Automotive Air Compressor market growth.
In APAC region, rapid industrialization in China, Taiwan and India have been key driving factors for the Automotive Air Compressor market growth. In North America, U.S has the lucrative opportunities and largest market share owing to its maturity in the automotive industry and evolving commercial vehicle production that demand air brakes and other compressor applications.
North America is also the largest automotive HVAC compressor market in the world. In Latin America, the Automotive Air Compressors market in Brazil accounts for more than half the market share of Latin America. Comparatively, Middle East & Africa have moderate prospects in the Automotive Air Compressor market due to more usage in industrial applications like oil and gas than automotive applications.
The report covers exhaustive analysis on
- Automotive Air Compressor Market Segments
- Automotive Air Compressor Market Dynamics
- Automotive Air Compressor Market Size
- New Sales of Automotive Air Compressor
- Current Trends/Issues/Challenges in the Automotive Air Compressor Market
- Competition & Companies Involved in Automotive Air Compressor
- New Technology for Automotive Air Compressor
- Value Chain of the Automotive Air Compressor Market
Automotive Air Compressor Market: Key Participants
Some of the key players in Automotive Air Compressor Market across the value chain are as below:
- Kaeser Kompressoren SE
- Sanden International Inc.
- Bauer Compressors, Inc.
- Danfoss AG
- Hitachi Automotive Systems Inc
- Atlas Copco
- Toyota Industries
- Denso Corporation
- VMAC Global Technology Inc
- Elgi Equipments
- Vanair Manufacturing, Inc.
- Quincy Compressor
- Mattei Group
- Voith Gmbh
- Schulz SA
- Kaishan Compressor USA, LLC
The research report on the Automotive Air Compressor market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Automotive Air Compressor market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as Fleet, Product services, Geography and Equipment
Regional Analysis Include
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia)
- East Asia (China, Japan, South Korea)
- South Asia-Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Northern Africa)
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Automotive Air Compressor market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Air Compressor Market: Segmentation
- Rotary Compressors
- Scroll Compressors
- Reciprocating Compressors
- Centrifugal Compressors
Material of Construction:
- Cast Iron
- Automotive Construction
- Automotive Maintenance
- Automotive Painting
- Automotive Testing
- Automotive Interior