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Global Vehicle Refrigeration Systems Market Research Report 2025

Global Vehicle Refrigeration Systems Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1911016

No of Pages : 78

Synopsis
In an air-conditioner’s refrigeration system, the refrigerant picks up heat from the pas­senger compartment and is pumped to the condenser where it gives up its heat to the outside air, and then flows back through the system to pick up more heat. 
The global Vehicle Refrigeration Systems market was valued at US$ 21500 million in 2023 and is anticipated to reach US$ 28640 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report aims to provide a comprehensive presentation of the global market for Vehicle Refrigeration Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle Refrigeration Systems.
Report Scope
The Vehicle Refrigeration Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Vehicle Refrigeration Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vehicle Refrigeration Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
DENSO Corporation
MAHLE GmbH
Valeo Group
Hanon Systems Corp.
Marelli Corporation
Segment by Type
Compressors
Condensers
Evaporators
Others
Segment by Application
Passenger Cars
Commercial Vehicles
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Vehicle Refrigeration Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Vehicle Refrigeration Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Compressors
1.2.3 Condensers
1.2.4 Evaporators
1.2.5 Others
1.3 Market by Application
1.3.1 Global Vehicle Refrigeration Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Passenger Cars
1.3.3 Commercial Vehicles
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Vehicle Refrigeration Systems Market Perspective (2019-2030)
2.2 Vehicle Refrigeration Systems Growth Trends by Region
2.2.1 Global Vehicle Refrigeration Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Vehicle Refrigeration Systems Historic Market Size by Region (2019-2024)
2.2.3 Vehicle Refrigeration Systems Forecasted Market Size by Region (2025-2030)
2.3 Vehicle Refrigeration Systems Market Dynamics
2.3.1 Vehicle Refrigeration Systems Industry Trends
2.3.2 Vehicle Refrigeration Systems Market Drivers
2.3.3 Vehicle Refrigeration Systems Market Challenges
2.3.4 Vehicle Refrigeration Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Vehicle Refrigeration Systems Players by Revenue
3.1.1 Global Top Vehicle Refrigeration Systems Players by Revenue (2019-2024)
3.1.2 Global Vehicle Refrigeration Systems Revenue Market Share by Players (2019-2024)
3.2 Global Vehicle Refrigeration Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Vehicle Refrigeration Systems Revenue
3.4 Global Vehicle Refrigeration Systems Market Concentration Ratio
3.4.1 Global Vehicle Refrigeration Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Vehicle Refrigeration Systems Revenue in 2023
3.5 Vehicle Refrigeration Systems Key Players Head office and Area Served
3.6 Key Players Vehicle Refrigeration Systems Product Solution and Service
3.7 Date of Enter into Vehicle Refrigeration Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Vehicle Refrigeration Systems Breakdown Data by Type
4.1 Global Vehicle Refrigeration Systems Historic Market Size by Type (2019-2024)
4.2 Global Vehicle Refrigeration Systems Forecasted Market Size by Type (2025-2030)
5 Vehicle Refrigeration Systems Breakdown Data by Application
5.1 Global Vehicle Refrigeration Systems Historic Market Size by Application (2019-2024)
5.2 Global Vehicle Refrigeration Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Vehicle Refrigeration Systems Market Size (2019-2030)
6.2 North America Vehicle Refrigeration Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Vehicle Refrigeration Systems Market Size by Country (2019-2024)
6.4 North America Vehicle Refrigeration Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Vehicle Refrigeration Systems Market Size (2019-2030)
7.2 Europe Vehicle Refrigeration Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Vehicle Refrigeration Systems Market Size by Country (2019-2024)
7.4 Europe Vehicle Refrigeration Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Vehicle Refrigeration Systems Market Size (2019-2030)
8.2 Asia-Pacific Vehicle Refrigeration Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Vehicle Refrigeration Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Vehicle Refrigeration Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Vehicle Refrigeration Systems Market Size (2019-2030)
9.2 Latin America Vehicle Refrigeration Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Vehicle Refrigeration Systems Market Size by Country (2019-2024)
9.4 Latin America Vehicle Refrigeration Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Vehicle Refrigeration Systems Market Size (2019-2030)
10.2 Middle East & Africa Vehicle Refrigeration Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Vehicle Refrigeration Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Vehicle Refrigeration Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 DENSO Corporation
11.1.1 DENSO Corporation Company Detail
11.1.2 DENSO Corporation Business Overview
11.1.3 DENSO Corporation Vehicle Refrigeration Systems Introduction
11.1.4 DENSO Corporation Revenue in Vehicle Refrigeration Systems Business (2019-2024)
11.1.5 DENSO Corporation Recent Development
11.2 MAHLE GmbH
11.2.1 MAHLE GmbH Company Detail
11.2.2 MAHLE GmbH Business Overview
11.2.3 MAHLE GmbH Vehicle Refrigeration Systems Introduction
11.2.4 MAHLE GmbH Revenue in Vehicle Refrigeration Systems Business (2019-2024)
11.2.5 MAHLE GmbH Recent Development
11.3 Valeo Group
11.3.1 Valeo Group Company Detail
11.3.2 Valeo Group Business Overview
11.3.3 Valeo Group Vehicle Refrigeration Systems Introduction
11.3.4 Valeo Group Revenue in Vehicle Refrigeration Systems Business (2019-2024)
11.3.5 Valeo Group Recent Development
11.4 Hanon Systems Corp.
11.4.1 Hanon Systems Corp. Company Detail
11.4.2 Hanon Systems Corp. Business Overview
11.4.3 Hanon Systems Corp. Vehicle Refrigeration Systems Introduction
11.4.4 Hanon Systems Corp. Revenue in Vehicle Refrigeration Systems Business (2019-2024)
11.4.5 Hanon Systems Corp. Recent Development
11.5 Marelli Corporation
11.5.1 Marelli Corporation Company Detail
11.5.2 Marelli Corporation Business Overview
11.5.3 Marelli Corporation Vehicle Refrigeration Systems Introduction
11.5.4 Marelli Corporation Revenue in Vehicle Refrigeration Systems Business (2019-2024)
11.5.5 Marelli Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
List of Tables
List of Tables
Table 1. Global Vehicle Refrigeration Systems Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Compressors
Table 3. Key Players of Condensers
Table 4. Key Players of Evaporators
Table 5. Key Players of Others
Table 6. Global Vehicle Refrigeration Systems Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 7. Global Vehicle Refrigeration Systems Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 8. Global Vehicle Refrigeration Systems Market Size by Region (2019-2024) & (US$ Million)
Table 9. Global Vehicle Refrigeration Systems Market Share by Region (2019-2024)
Table 10. Global Vehicle Refrigeration Systems Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 11. Global Vehicle Refrigeration Systems Market Share by Region (2025-2030)
Table 12. Vehicle Refrigeration Systems Market Trends
Table 13. Vehicle Refrigeration Systems Market Drivers
Table 14. Vehicle Refrigeration Systems Market Challenges
Table 15. Vehicle Refrigeration Systems Market Restraints
Table 16. Global Vehicle Refrigeration Systems Revenue by Players (2019-2024) & (US$ Million)
Table 17. Global Vehicle Refrigeration Systems Market Share by Players (2019-2024)
Table 18. Global Top Vehicle Refrigeration Systems Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vehicle Refrigeration Systems as of 2023)
Table 19. Ranking of Global Top Vehicle Refrigeration Systems Companies by Revenue (US$ Million) in 2023
Table 20. Global 5 Largest Players Market Share by Vehicle Refrigeration Systems Revenue (CR5 and HHI) & (2019-2024)
Table 21. Key Players Headquarters and Area Served
Table 22. Key Players Vehicle Refrigeration Systems Product Solution and Service
Table 23. Date of Enter into Vehicle Refrigeration Systems Market
Table 24. Mergers & Acquisitions, Expansion Plans
Table 25. Global Vehicle Refrigeration Systems Market Size by Type (2019-2024) & (US$ Million)
Table 26. Global Vehicle Refrigeration Systems Revenue Market Share by Type (2019-2024)
Table 27. Global Vehicle Refrigeration Systems Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 28. Global Vehicle Refrigeration Systems Revenue Market Share by Type (2025-2030)
Table 29. Global Vehicle Refrigeration Systems Market Size by Application (2019-2024) & (US$ Million)
Table 30. Global Vehicle Refrigeration Systems Revenue Market Share by Application (2019-2024)
Table 31. Global Vehicle Refrigeration Systems Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 32. Global Vehicle Refrigeration Systems Revenue Market Share by Application (2025-2030)
Table 33. North America Vehicle Refrigeration Systems Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 34. North America Vehicle Refrigeration Systems Market Size by Country (2019-2024) & (US$ Million)
Table 35. North America Vehicle Refrigeration Systems Market Size by Country (2025-2030) & (US$ Million)
Table 36. Europe Vehicle Refrigeration Systems Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 37. Europe Vehicle Refrigeration Systems Market Size by Country (2019-2024) & (US$ Million)
Table 38. Europe Vehicle Refrigeration Systems Market Size by Country (2025-2030) & (US$ Million)
Table 39. Asia-Pacific Vehicle Refrigeration Systems Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 40. Asia-Pacific Vehicle Refrigeration Systems Market Size by Region (2019-2024) & (US$ Million)
Table 41. Asia-Pacific Vehicle Refrigeration Systems Market Size by Region (2025-2030) & (US$ Million)
Table 42. Latin America Vehicle Refrigeration Systems Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 43. Latin America Vehicle Refrigeration Systems Market Size by Country (2019-2024) & (US$ Million)
Table 44. Latin America Vehicle Refrigeration Systems Market Size by Country (2025-2030) & (US$ Million)
Table 45. Middle East & Africa Vehicle Refrigeration Systems Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 46. Middle East & Africa Vehicle Refrigeration Systems Market Size by Country (2019-2024) & (US$ Million)
Table 47. Middle East & Africa Vehicle Refrigeration Systems Market Size by Country (2025-2030) & (US$ Million)
Table 48. DENSO Corporation Company Detail
Table 49. DENSO Corporation Business Overview
Table 50. DENSO Corporation Vehicle Refrigeration Systems Product
Table 51. DENSO Corporation Revenue in Vehicle Refrigeration Systems Business (2019-2024) & (US$ Million)
Table 52. DENSO Corporation Recent Development
Table 53. MAHLE GmbH Company Detail
Table 54. MAHLE GmbH Business Overview
Table 55. MAHLE GmbH Vehicle Refrigeration Systems Product
Table 56. MAHLE GmbH Revenue in Vehicle Refrigeration Systems Business (2019-2024) & (US$ Million)
Table 57. MAHLE GmbH Recent Development
Table 58. Valeo Group Company Detail
Table 59. Valeo Group Business Overview
Table 60. Valeo Group Vehicle Refrigeration Systems Product
Table 61. Valeo Group Revenue in Vehicle Refrigeration Systems Business (2019-2024) & (US$ Million)
Table 62. Valeo Group Recent Development
Table 63. Hanon Systems Corp. Company Detail
Table 64. Hanon Systems Corp. Business Overview
Table 65. Hanon Systems Corp. Vehicle Refrigeration Systems Product
Table 66. Hanon Systems Corp. Revenue in Vehicle Refrigeration Systems Business (2019-2024) & (US$ Million)
Table 67. Hanon Systems Corp. Recent Development
Table 68. Marelli Corporation Company Detail
Table 69. Marelli Corporation Business Overview
Table 70. Marelli Corporation Vehicle Refrigeration Systems Product
Table 71. Marelli Corporation Revenue in Vehicle Refrigeration Systems Business (2019-2024) & (US$ Million)
Table 72. Marelli Corporation Recent Development
Table 73. Research Programs/Design for This Report
Table 74. Key Data Information from Secondary Sources
Table 75. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Vehicle Refrigeration Systems Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Vehicle Refrigeration Systems Market Share by Type: 2023 VS 2030
Figure 3. Compressors Features
Figure 4. Condensers Features
Figure 5. Evaporators Features
Figure 6. Others Features
Figure 7. Global Vehicle Refrigeration Systems Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 8. Global Vehicle Refrigeration Systems Market Share by Application: 2023 VS 2030
Figure 9. Passenger Cars Case Studies
Figure 10. Commercial Vehicles Case Studies
Figure 11. Vehicle Refrigeration Systems Report Years Considered
Figure 12. Global Vehicle Refrigeration Systems Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 13. Global Vehicle Refrigeration Systems Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 14. Global Vehicle Refrigeration Systems Market Share by Region: 2023 VS 2030
Figure 15. Global Vehicle Refrigeration Systems Market Share by Players in 2023
Figure 16. Global Top Vehicle Refrigeration Systems Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Vehicle Refrigeration Systems as of 2023)
Figure 17. The Top 10 and 5 Players Market Share by Vehicle Refrigeration Systems Revenue in 2023
Figure 18. North America Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 19. North America Vehicle Refrigeration Systems Market Share by Country (2019-2030)
Figure 20. United States Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 21. Canada Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. Europe Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 23. Europe Vehicle Refrigeration Systems Market Share by Country (2019-2030)
Figure 24. Germany Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 25. France Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. U.K. Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. Italy Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Russia Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. Nordic Countries Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Asia-Pacific Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 31. Asia-Pacific Vehicle Refrigeration Systems Market Share by Region (2019-2030)
Figure 32. China Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 33. Japan Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. South Korea Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. Southeast Asia Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. India Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. Australia Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Latin America Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 39. Latin America Vehicle Refrigeration Systems Market Share by Country (2019-2030)
Figure 40. Mexico Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 41. Brazil Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Middle East & Africa Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 43. Middle East & Africa Vehicle Refrigeration Systems Market Share by Country (2019-2030)
Figure 44. Turkey Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 45. Saudi Arabia Vehicle Refrigeration Systems Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 46. DENSO Corporation Revenue Growth Rate in Vehicle Refrigeration Systems Business (2019-2024)
Figure 47. MAHLE GmbH Revenue Growth Rate in Vehicle Refrigeration Systems Business (2019-2024)
Figure 48. Valeo Group Revenue Growth Rate in Vehicle Refrigeration Systems Business (2019-2024)
Figure 49. Hanon Systems Corp. Revenue Growth Rate in Vehicle Refrigeration Systems Business (2019-2024)
Figure 50. Marelli Corporation Revenue Growth Rate in Vehicle Refrigeration Systems Business (2019-2024)
Figure 51. Bottom-up and Top-down Approaches for This Report
Figure 52. Data Triangulation
Figure 53. Key Executives Interviewed

Published By : QY Research

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