Global Automotive Heat Exchanger Market, By Application (Radiator, Oil Cooler, Intercooler, Air Conditioning, Exhaust Gas, Other Applications), Design Type (Plate Bar, Tube Fin, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Off-Highway Vehicle Type (Agricultural Equipment, Construction Equipment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The automotive heat exchanger market will grow at a CAGR of 7.05% in the forecast period of 2021 to 2028. Rising adoption of HVAC system in high-end CV and OHV is an essential factor driving the automotive heat exchanger market.
Automotive heat exchange helps in allowing the transfer of heat from one medium to another at varying temperature. The two mediums contain fluids that flows to each other but are separated by a metal having good heat transfer properties. Out of the two, one is hot and the other a cold fluid. The hot liquid transfers heat to the freezing liquid as they both pass through the heat exchanger, thus decreasing the high temperature of the hot liquid and raising the warmth of the cold liquid.
Increasing production of the vehicles is a crucial factor accelerating the market growth, also increasing demand for battery thermal management system, rising expansion of industrial activities in developing countries, rising demand for turbochargers, rising demand of vehicles due to rise in population and increasing disposable income, increasing requirements for automotive components, rising production of commercial and passenger vehicles, rise in adoption of energy saving equipment due to rise in the cost of energy and rise in demand for automotive components in engineering industrial and commercial applications are the major factors among others boosting the automotive heat exchanger market. Moreover, rising battery thermal management system, increasing technological advancements and rising research and development activities will further create new opportunities for automotive heat exchanger market in the forecast period mentioned above.
However, rising demand for electric and hybrid vehicles will eliminate the need for conventional engine cooling component, rising complexity associated with the designing of advanced and light weight heat exchangers and increasing fluctuation in the prices of raw materials are the major factors among others which will curtail the market growth, while upcoming emission norms pose a challenge for EGR and intercoolers which will further challenge the automotive heat exchanger market in the forecast period mentioned above.
This automotive heat exchanger market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive heat exchanger market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Heat Exchanger Market Scope and Market Size
The automotive heat exchanger market is segmented on the basis of application, design type, vehicle type and off-highway vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the automotive heat exchanger market is segmented into radiator, oil cooler, intercooler, air conditioning, exhaust gas and other applications.
- Based on design type, the automotive heat exchanger market is segmented into plate bar, tube fin and others.
- Based on vehicle type, the automotive heat exchanger market is segmented into passenger car, light commercial vehicle, heavy commercial vehicle and electric vehicle. Electric vehicle has been further segmented into battery electric vehicle, hybrid electric vehicle and plug-in hybrid electric vehicle.
- The automotive heat exchanger market is also segmented on the basis of off-highway vehicle type into agricultural equipment and construction equipment.
Automotive Heat Exchanger Market Scope Country Level Analysis
The automotive heat exchanger market is analysed and market size, volume information is provided by country, application, design type, vehicle type and off-highway vehicle type as referenced above.
The countries covered in the automotive heat exchanger market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive heat exchanger market due to rising demand for turbochargers and rise in number of electric vehicles especially in the China, increasing demand of automotive sector due to increase in population and China is accounted for the world’s fastest-growing automotive market which boosts the demand for vehicles in this region. Europe is the expected region in terms of growth in automotive heat exchanger market due to rising number of manufacturers found in this region.
The country section of the automotive heat exchanger market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Heat Exchanger Market Share Analysis
The automotive heat exchanger market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive heat exchanger market.
The major players covered in automotive heat exchanger market report are AKG Thermal Systems, Inc., American Industrial Heat Transfer, Inc., Banco Products Ltd, Climetal S.L. - Heat Exchanger, Constellium, DENSO CORPORATION., G&M Radiator Mfg Ltd, HRS Process Systems Ltd., MAHLE GmbH, MODINE MANUFACTURING COMPANY, Nippon Light Metal Co., Ltd., Precision Micro, Valeo, T.RAD Co., Ltd, Calsonic Kansei Corporation, Hanon Systems., Radiant Heat Exchanger Pvt. Ltd., HRS Process Systems Ltd., Universal Heat Exchangers Limited and Dana Limited. Among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Heat Exchanger Market
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