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Market Overview of Global Bus HVAC Systems market:
According to our latest research, the global Bus HVAC Systems market looks promising in the next 5 years. As of 2022, the global Bus HVAC Systems market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Bus HVAC (heating, ventilation and air conditioning) Systems is the cooling, dehumidification and filtration of the air within the passenger compartment of a bus. An air conditioning system consists of compressor, condenser, evaporator, and controls, etc. This report studies the United States and Canada Bus HVAC Systems market.
Influence of COVID-19 Outbreak on Bus HVAC Systems Industry Development
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Bus HVAC Systems industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Limitations
For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Bus HVAC Systems industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.
For small and medium-sized enterprises, the labor cost of Bus HVAC Systems will be more obvious. The main reasons for this high labor cost are as follows: firstly, the operation of Bus HVAC Systems is relatively complex, and enterprises have great demand for workers with certain skills and proficiency, and enterprises will pay higher wages if they want to hire them. Moreover, when the actual development experience of these talents is mature, enterprises need to pay higher wages if they want to retain these talents. Secondly, in order to cultivate the ability and level of company workers, it is necessary to train them regularly, and even study on business trips. However, a large number of costs and expenses generated in the process of personnel training can only be paid by enterprises themselves, thus increasing the cost burden of enterprises.
Company Overview:
Thermo King is one of the major players operating in the Bus HVAC Systems market, holding a share of 21.46% in 2021.
Thermo King Corporation is an American manufacturer of transport temperature control systems for trucks, trailers, shipboard containers and railway cars; HVAC systems for bus, shuttle and passenger rail applications; and "TriPac" hybrid auxiliary idle reduction and temperature management system for truck cabs.
Mobile Climate Control specializes in custom engineered HVAC systems. Mobile Climate Control supply custom designed solutions from single system components to complete climate systems. Mobile Climate Control develops customized high-performance HVAC systems for a conventional and electrical city, intercity, shuttle, school, and tour buses, providing comfort in the most extreme hot or cold weather.
Segmentation Overview:
Among different product types, Main-engine Driven segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the School Bus segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Bus HVAC Systems market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Bus HVAC Systems Market Report:
Market Size Estimates: Bus HVAC Systems market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Bus HVAC Systems market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Bus HVAC Systems market
Segment Market Analysis: Bus HVAC Systems market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Bus HVAC Systems market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Bus HVAC Systems Market: Revenue and sales volume of major countries in each region
Bus HVAC Systems Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Bus HVAC Systems market in major regions.
Bus HVAC Systems Industry Value Chain: Bus HVAC Systems market raw materials & suppliers, manufacturing process, distributors, downstream customers
Bus HVAC Systems Industry News, Policies & Regulations
Key players in the global Bus HVAC Systems market are covered in Chapter 12:
KONVEKTA
Thermo King
Trans/Air Manufacturing Corp.
Denso
Guchen Industry
MCC
Grayson Thermal Systems
Champion Bus
Sidwal
ProAir Holdings Corp.
Valeo
SUTRAK USA
MAHLE
In Chapter 2 and Chapter 15.1, based on types, the Bus HVAC Systems market from 2018 to 2028 is primarily split into:
Main-engine driven
Sub-engine
Electrically driven
In Chapter 3 and Chapter 15.2, based on applications, the Bus HVAC Systems market from 2018 to 2028 covers:
Coach
Inner City Bus
School Bus
Shuttle Bus/Tour Buses
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Bus HVAC Systems market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028