In 2022, Carrier acquired all of Toshiba's shares in Toshiba Carrier Corporation (TCC), with the aim of bolstering its position in the heating, ventilation, and air conditioning (HVAC) market. Despite its proactive approach to business expansion, Carrier continues to encounter challenges with managerial decision-making styles, online sales approaches, and marketing communication in this highly competitive industry. Ultimately, the company strove to expand its market share, solidifying its position in the HVAC industry, and deliver innovative and reliable solutions to meet the evolving needs of its customers.