Belgium Automotive Heat Exchanger Market to 2032

Overview

The Belgium Automotive Heat Exchanger Market is expected to reach a 459.52 USD Million by 2032 and is projected to grow at a CAGR of 7.70% from 2025 to 2032.

Revenue, 2024 (USD Million)

311.35

Forecast, 2032 (USD Million)

459.52

CAGR, 2024 - 2032

7.70%

Report Coverage

Belgium

Belgium Automotive Heat Exchanger Market 2018-2032 USD Million

Belgium Automotive Heat Exchanger Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 311.35 USD Million
Projected Market Size (2032): 459.52 USD Million
CAGR (2025-2032): 7.70%

Key Findings of Belgium Automotive Heat Exchanger Market

The Belgium Automotive Heat Exchanger Market was valued at 459.52 USD Million in 2024.
The Belgium Automotive Heat Exchanger Market is likely to grow at a CAGR of 7.70% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Internal Combustion Engine (ICE) in Propulsion Type Segment accounted for the largest share of the market with a revenue of 234.47 USD Million
The fastest growing segment Intercooler in Application Segment grew Fastest with a CAGR of 8.51% during the forecast period from 2024 to 2032.

Belgium Automotive Heat Exchanger Market Scope

Belgium Automotive Heat Exchanger Market Segmentation & Scope

Vehicle Type

Heavy Commercial Vehicle
Light Commercial Vehicle
Passenger Car

Propulsion Type

Electric Vehicle (EV)
Internal Combustion Engine (ICE)

Material

Others
Copper
Aluminum

Design Type

Others
Plate Bar
Tube Fin

Application

Oil Cooler
Others
Air Conditioning
Radiator
Intercooler

Belgium Automotive Heat Exchanger Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Million
Market Value in 2024	311.35 USD Million
Market Value in 2032	459.52 USD Million
CAGR (2025-2032)	7.70%
Historic Data	2016-2023
Market Segments Covered	Vehicle Type,Propulsion Type,Material,Design Type,Application

Regional Insights:

Leading Market (2024-2032): Belgium, leading in terms of revenue 311.35 USD Million in 2024
- Key Country: Belgium, leading in terms of revenue with value of 311.35 USD Million in 2024.

Segments and Scope

Belgium Automotive Heat Exchanger Market to 2032, By Vehicle Type
- Passenger Car is the largest segment in Belgium Automotive Heat Exchanger Market to 2032 with a revenue of 199.78 USD Million in the year 2024.
- Passenger Car is the Fastest growing segment in Belgium Automotive Heat Exchanger Market to 2032 with a Growth rate of 8.10 % in forecast period 2025-2032.
Belgium Automotive Heat Exchanger Market to 2032, By Propulsion Type
- Internal Combustion Engine (ICE) is the largest segment in Belgium Automotive Heat Exchanger Market to 2032 with a revenue of 234.47 USD Million in the year 2024.
- Electric Vehicle (EV) is the Fastest growing segment in Belgium Automotive Heat Exchanger Market to 2032 with a Growth rate of 7.47 % in forecast period 2025-2032.
Belgium Automotive Heat Exchanger Market to 2032, By Material
- Aluminum is the largest segment in Belgium Automotive Heat Exchanger Market to 2032 with a revenue of 216.65 USD Million in the year 2024.
- Aluminum is the Fastest growing segment in Belgium Automotive Heat Exchanger Market to 2032 with a Growth rate of 8.02 % in forecast period 2025-2032.
Belgium Automotive Heat Exchanger Market to 2032, By Design Type
- Tube Fin is the largest segment in Belgium Automotive Heat Exchanger Market to 2032 with a revenue of 187.77 USD Million in the year 2024.
- Tube Fin is the Fastest growing segment in Belgium Automotive Heat Exchanger Market to 2032 with a Growth rate of 8.11 % in forecast period 2025-2032.
Belgium Automotive Heat Exchanger Market to 2032, By Application
- Intercooler is the largest segment in Belgium Automotive Heat Exchanger Market to 2032 with a revenue of 136.99 USD Million in the year 2024.
- Intercooler is the Fastest growing segment in Belgium Automotive Heat Exchanger Market to 2032 with a Growth rate of 8.51 % in forecast period 2025-2032.

Belgium Automotive Heat Exchanger Market Company Share Analysis

Company Name
Denso Corporation
Hanon Systems
Mahle GmbH
Valeo
T.RAD Co., Ltd.

Belgium Automotive Heat Exchanger Market Geographical Sales Distribution, 2018-2032 USD Million

Belgium Automotive Heat Exchanger Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Belgium Automotive Heat Exchanger Market?

The Belgium Automotive Heat Exchanger Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Material,Design Type,Application.

What is the current market size of the Belgium Automotive Heat Exchanger Market?

Belgium Automotive Heat Exchanger Market was valued at USD 311.35(Revenue in USD Million) in 2020.

What is the expected growth rate of the Belgium Automotive Heat Exchanger Market?

Belgium Automotive Heat Exchanger Market is projected to grow at a CAGR of 7.70% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Belgium Automotive Heat Exchanger Market?

The Internal Combustion Engine (ICE) segment is expected to dominate the Belgium Automotive Heat Exchanger Market, holding a largest market share of 234.47 USD Million in 2024