The US market for motor vehicle air-conditioning systems has seen fluctuating performance over the past years. From 2013 to 2023, sales grew from about 5.012 billion USD to 5.7513 billion USD, showing resilience with minor setbacks, such as the dip in 2020. The recent years showed stable growth with a year-on-year increase of 0.93% from 2022 to 2023. The 5-year CAGR leading up to 2023 stands modestly at 0.98%, indicating a steady, albeit slow, growth.
Looking forward, sales are projected to rise steadily through 2028, achieving a 5-year forecasted CAGR of 0.74% and an overall growth of 3.75%. Factors to watch include technological advancements, the shift towards sustainability in automotive designs, and regulatory changes that may impact air-conditioning system sales.
