India Automotive Heat Exchanger Market to 2032

Overview

The India Automotive Heat Exchanger Market is expected to reach a 1.80 USD Billion by 2032 and is projected to grow at a CAGR of 9.07% from 2025 to 2032.

Revenue, 2024 (USD Billion)

1.15

Forecast, 2032 (USD Billion)

1.80

CAGR, 2024 - 2032

9.07%

Report Coverage

India

India Automotive Heat Exchanger Market 2018-2032 USD Billion

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

Market Growth and Projections:

Market Size (2024): 1.15 USD Billion
Projected Market Size (2032): 1.80 USD Billion
CAGR (2025-2032): 9.07%

Key Findings of India Automotive Heat Exchanger Market

The India Automotive Heat Exchanger Market was valued at 1.15 USD Billion in 2024.
The India Automotive Heat Exchanger Market is likely to grow at a CAGR of 9.07% 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 0.90 USD Billion
The fastest growing segment Intercooler in Application Segment grew Fastest with a CAGR of 10.18% during the forecast period from 2024 to 2032.

India Automotive Heat Exchanger Market Scope

India 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

India Automotive Heat Exchanger Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Billion
Market Value in 2024	1.15 USD Billion
Market Value in 2032	1.80 USD Billion
CAGR (2025-2032)	9.07%
Historic Data	2016-2023
Market Segments Covered	Vehicle Type,Propulsion Type,Material,Design Type,Application

Regional Insights:

Leading Market (2024-2032): India, leading in terms of revenue 1.15 USD Billion in 2024
- Key Country: India, leading in terms of revenue with value of 1,149.38 USD Million in 2024.

Segments and Scope

India Automotive Heat Exchanger Market to 2032, By Vehicle Type
- Passenger Car is the largest segment in India Automotive Heat Exchanger Market to 2032 with a revenue of 716.27 USD Billion in the year 2024.
- Passenger Car is the Fastest growing segment in India Automotive Heat Exchanger Market to 2032 with a Growth rate of 9.54 % in forecast period 2025-2032.
India Automotive Heat Exchanger Market to 2032, By Propulsion Type
- Internal Combustion Engine (ICE) is the largest segment in India Automotive Heat Exchanger Market to 2032 with a revenue of 901.61 USD Billion in the year 2024.
- Electric Vehicle (EV) is the Fastest growing segment in India Automotive Heat Exchanger Market to 2032 with a Growth rate of 8.88 % in forecast period 2025-2032.
India Automotive Heat Exchanger Market to 2032, By Material
- Aluminum is the largest segment in India Automotive Heat Exchanger Market to 2032 with a revenue of 784.02 USD Billion in the year 2024.
- Aluminum is the Fastest growing segment in India Automotive Heat Exchanger Market to 2032 with a Growth rate of 9.43 % in forecast period 2025-2032.
India Automotive Heat Exchanger Market to 2032, By Design Type
- Tube Fin is the largest segment in India Automotive Heat Exchanger Market to 2032 with a revenue of 680.42 USD Billion in the year 2024.
- Tube Fin is the Fastest growing segment in India Automotive Heat Exchanger Market to 2032 with a Growth rate of 9.59 % in forecast period 2025-2032.
India Automotive Heat Exchanger Market to 2032, By Application
- Intercooler is the largest segment in India Automotive Heat Exchanger Market to 2032 with a revenue of 478.43 USD Billion in the year 2024.
- Intercooler is the Fastest growing segment in India Automotive Heat Exchanger Market to 2032 with a Growth rate of 10.18 % in forecast period 2025-2032.

India Automotive Heat Exchanger Market Company Share Analysis

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

India Automotive Heat Exchanger Market Geographical Sales Distribution, 2018-2032 USD Billion

India Automotive Heat Exchanger Market Company Profiling

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Frequently Asked Questions

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

The India 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 India Automotive Heat Exchanger Market?

India Automotive Heat Exchanger Market was valued at USD 1.15(Revenue in USD Billion) in 2020.

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

India Automotive Heat Exchanger Market is projected to grow at a CAGR of 9.07% during the forecast period of 2024 to 2032.

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

The Internal Combustion Engine (ICE) segment is expected to dominate the India Automotive Heat Exchanger Market, holding a largest market share of 0.90 USD Billion in 2024