Technological Innovation:Technological innovation is the key driver of the truck air conditioning market.The application of intelligent temperature control systems,high-efficiency cooling technologies,and integrated health protection functions(such as HEPA filtration and UVC disinfection)has greatly enhanced the market appeal of truck air conditioning.It is expected that by 2024,the market share of truck air conditioners using the latest technology will increase to 57%,a significant increase from 38%in 2019.
Market Demand:Globally,the demand for truck air conditioning is growing.Especially in China,the export volume of truck air conditioners has increased by 45%in the past five years,thanks to stable global market demand and convenient international trade conditions.Additionally,with the application of green technologies such as electrification and lightweighting in the truck field,it is estimated that by 2024,electric and hybrid vehicles will account for 15%of global new heavy truck sales,further driving the demand for high-efficiency,low-environmental impact truck air conditioners.
Submarket Growth:The heavy truck air conditioner market dominates,with a compound annual growth rate of about 7%,while the light and medium truck air conditioner markets also show considerable growth potential,with compound annual growth rates of 6%and 5.5%respectively.It is expected that by 2024,these three will account for about 85%of the entire market.
Consumer Experience:Consumer requirements for driving experience are continuously upgrading,promoting the research and development and application of high-tech truck air conditioners.Air conditioners with advanced features such as automatic temperature adjustment,air quality monitoring,and optimization will occupy a place in the market,and it is expected that their compound annual growth rate will reach 12%in the next few years.
