As of 2023, the sold production of air conditioning machines used in motor vehicles in the UK stood at approximately 52.9 million Euros. Forecast data from 2024 to 2028 indicates a consistent decline, with values expected to decrease from 51.634 million Euros in 2024 to 46.586 million Euros by 2028. The year-on-year analysis shows a decrease with approximately 2-3% annually. The Compound Annual Growth Rate (CAGR) for this period reflects a steady decline by around 2.6% annually.
Future trends to watch include potential advancements in hybrid and electric vehicle markets, which may impact the demand for traditional air conditioning units. Additionally, regulatory changes focusing on climate impacts could influence production dynamics in this sector.
