Yahoo Finance Replacement Demand Analysis for Class 1–3 HVAC Components in North America
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.
New York, Dec. 26, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Replacement Demand Analysis for Class 1–3 HVAC Components in North America" - https://www.reportlinker.com/p06377293/?utm_source=GNW
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
Read the full report: https://www.reportlinker.com/p06377293/?utm_source=GNW
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