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Overview of the India Truck & Bus Air Conditioner Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “India Truck & Bus Air Conditioner Market By Vehicle Type (Bus, Truck), By Product Type (Roof Mounted Split AC, Back Wall AC), By Demand Type (OEM, Replacement), By Capacity (Up to 10 Kw, 10.1-25 Kw, 25.1-40 Kw, Above 40 Kw), and others, The India Truck & Bus Air Conditioner Market is estimated to grow at a CAGR of around 6.72% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
India Truck & Bus Air Conditioner Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 6.72%
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India Truck & Bus Air Conditioner Market Opportunity:
Government Stringent Mandate to Install Air-conditioned Systems to Offer New Opportunities – The government of India approved the draft notification that mandates the installation of air-conditioned systems in the cabins of trucks classified under categories N2 and N3. The decision aims to enhance road safety by providing comfortable working conditions for truck drivers, improving their efficiency, and addressing issues related to driver fatigue. In response to this, all trucks are to be equipped with air conditioners by 2025. This would result in retrofitting opportunities for truck manufacturers, as existing trucks are to be updated & modernized to comply with the new regulations. All these factors are expected to boost the market in the coming years.
A Comprehensive Analysis of Leading Companies of India Truck & Bus Air Conditioner Market by MarkNtel Advisors:
- Denso Kirlosker Industries Pvt. Ltd
- JTAC
- Valeo Thermal Commercial Vehicle Germany GmbH
- TKT
- Thermo King
- Subros Limited
- Marwahindia
- Sidwal Refrigeration Industries Private Limited
- Songz
- Eberspacher Gruppe GmbH & Co. KG
- Others
Key India Truck & Bus Air Conditioner Market Segmentation:
-By Vehicle Type
- Bus
- Truck
The bus segment has been holding a significant share of the market owing to the surge in outstation bus services and government initiatives.
-By Demand Type
- OEM
- Replacement
During the historical period, the original equipment manufacturer (OEM) segment witnessed high growth due to the increased adoption of premium and high-end buses & trucks and the growth of the tourism industry.
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/india-truck-bus-air-conditioner-market.html
-By Product Type
- Roof Mounted Split AC- Market Size & Forecast 2019-2030F, USD Million
- Back Wall AC- Market Size & Forecast 2019-2030F, USD Million
-By Capacity
- Up to 10 Kw - Market Size & Forecast 2019-2030F, USD Million
- 1-25 Kw- Market Size & Forecast 2019-2030F, USD Million
- 1-40 Kw- Market Size & Forecast 2019-2030F, USD Million
- Above 40 Kw- Market Size & Forecast 2019-2030F, USD Million
Geographical Analysis
-By Region
- North
- West
- East
- South
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”
Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
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About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80 countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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