China Automotive HVAC Market to Witness Rapid Growth owing to Rising Automotive Production: QYResearchReports.com
Brooklyn, NY, Aug. 23, 2016 (GLOBE NEWSWIRE) — Furthermore, the research study has made use of numerous analytical tools in order to determine the growth opportunities in the automotive HVAC market in China. The inputs given by professionals and industry specialists will help guide the entrants and existing players operating in the China automotive HVAC market in making strategic decisions throughout the forecast period.
The growing automotive production in China and the increasing amount of time spent by the consumers in their vehicle are some of the primary factors expected to accelerate the growth of the automotive HVAC market in China in the next few years. In addition, the increasing disposable income of the population in China is anticipated to boost the demand for vehicles, thus propelling the automotive HVAC market in this region. On the flip side, the decreasing fuel economy is one of the key factors projected to hamper the growth of the market in the coming few years.
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The rising population and the increasing number of manufacturing units in China are also contributing extensively towards the development of the automotive HVAC market in the next few years. Moreover, the wide range of private financing options for purchasing vehicles has made it comparatively easy for consumers to spend high amounts on purchasing their own vehicle rather than using public transportation services. This is estimated to boost the growing demand for automotive HVAC technology in China in the near future.
The China market for automotive HAVC is competitive in nature, with an increasing number of players participating in the market. These players are making efforts to introduce innovative designs and marketing activities to gain a competitive advantage in the market.
The research study further offers a clear understanding of the competitive scenario of the automotive HVAC market in China and studies the key players engaged in this market. The company profiles, business strategies, product portfolio, financial status, and recent news and developments, if any, of the major players have been discussed in the scope of the research report.
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Some of the key players in the China market for automotive HVAC are Subros, Valeo, Xiezhong International, Bergstrom, SONGZ Automobile, XinhangYuxin, Delphi, Hanon Systems, Shanghai Velle, Eberspacher, South Air International, MAHLE Behr, Gentherm, Hubei Meibiao, Keihin, Sanden, Denso, and Calsonic Kansei. Trending Reports:
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