Market Overview: Global Automotive Air Conditioner Orifice Tube Market
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Automotive Air Conditioner Orifice Tube Market Insights 2022-27
The Global Automotive Air Conditioner Orifice Tube Market is anticipated to grow at a CAGR of around 5.43% during the forecast period, i.e., 2022-27.
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Top Players in the Automotive Air Conditioner Orifice Tube Market:
Global Air, Inc.
Valeo
TORALIN
BorgWarner
Indus Motors Company Pvt. Ltd.
Danhard, Inc.
FJC Inc.
Others
Segmentation Analysis of Automotive Air Conditioner Orifice Tube Market
Automotive Air Conditioner Orifice Tube Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Demand Category
Original Equipment Manufacturer (OEMs)
Replacement
Here, Original Equipment Manufacturer (OEMs) are projected to attain the largest market share over the forecast years. With time, there is an increase in the production of passenger & commercial vehicles. Earlier, the installation of ACs was considered a premium feature, and not all cars used to come fitted with them. However, with the increasing disposable income of people & their growing living standards, they are now a pre-installed feature in all passenger cars, which, in turn, is driving the OEM demand for orifice tubes.
Further, the increasing establishment of new production units in India owing to the mounting need for vehicles with advanced comfort features in the country is another crucial factor contributing to the demand for pre-installed air conditioners in automobiles and driving the market across the OEM segment.
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-By Application
Passenger Vehicles
Commercial Vehicle
-By Type
Fixed Orifice Tube
Variable Orifice Tube
A Comprehensive Geographical Analysis:
-By Region
North America
Europe
South America
Asia-Pacific
Middle East & Africa
The Global Automotive Air Conditioner Orifice Tube Market is expected to experience the fastest growth across Asia-Pacific, mainly due to the rapidly expanding automobile industry in the region. The increasing establishment of vehicle production units in India, China, & Japan is also driving the regional market. Further, several initiatives by the Indian government to boost the automobile business is another crucial aspect projected to contribute to the overall market growth across Asia-Pacific.
Further, snowballing disposable income coupled with the booming demand for vehicle ownership & comfort & safety across countries like India & China are other prominent aspects influencing AC installations in the region and driving the regional market.
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