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Report Scope: The Global Automotive Heat Exchanger Market Report provides comprehensive insights into the automotive heat exchanger industry, covering market dynamics, segmentation by vehicle type, design, and regional analysis. The report also delves into the research methodology employed for this study.
Research Methodology: Our market research utilizes a robust methodology that combines primary and secondary research sources, ensuring accuracy and reliability of the data. Extensive industry analysis, interviews with key stakeholders, and data mining form the core of our research approach.
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Market Value :
Automotive Heat Exchanger Market size was valued at US$ 29.58 Bn. in 2022 and the total revenue is expected to grow at 3.8% of CAGR through 2023 to 2029, reaching nearly US$ 38.40 Bn.
Automotive Heat Exchanger Market Segment Analysis :
Vehicle Type: The market is segmented into Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicles (PHEV), and Hybrid Electric Vehicles (HEV). Among these, the PHEV segment is expected to witness significant growth throughout the forecast period, driven by tax incentives and the growing availability of charging stations.
Off-highway Vehicle Type: Within this segment, construction equipment held the largest market share in 2022. The construction industry's growth and infrastructure development in regions like the Asia Pacific contribute to the demand for heat exchangers in construction equipment.
Design Type: Plate bar-type design dominated the market in 2022 due to its higher thermal efficiency and versatility in various industries. Plate heat exchangers, in particular, find applications in chemical, pharmaceutical, and food industries.
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Regional Insights:
Asia Pacific: The Asia Pacific region led the market in 2022, holding a 45% share, driven by the increasing demand for heat exchangers in industries such as automotive and construction. Rising vehicle production and the adoption of lightweight materials contribute to the growth of the automotive heat exchanger market in the region.
China: China, with over 50% of the market share in Asia, is a significant player in the automotive heat exchanger market. The country's booming automotive industry, driven by the demand for passenger cars and light commercial vehicles (LCVs), fuels the need for heat exchanger units.
Automotive Heat Exchanger Market Key Companies :
1. AKG Thermal Systems (US)
2.American Industrial Heat Transfer Inc (US)
3. MODINE MANUFACTURING COMPANY (US)
4.BorgWarner Inc (US)
5. Mishimoto Automotive (US)
6.PWR Corporate (US)
7. Griffin Thermal Products (US)
8.Dana Incorporated (US)
9. Banco Products (India) Ltd (India)
10. SM Auto Engineering Pvt. Ltd. (India)
11. SANDEN CORPORATION (Japan)
13 T.RAD Co., Ltd. (Japan)
14.Calsonic Kansei-Marelli Holdings Co., Ltd. (Japan)
15. NIKKEI HEAT EXCHANGER COMPANY, LTD. (Japan)
16. DENSO Corporation (Japan)
17.Hanon Systems (South Korea)
18.Clizen Inc (South Korea)
19. TYC Brother Industrial Co., Ltd. (Taiwan)
20.G&M Radiator (UK)
21.Senior PLC (UK)
22.MAHLE GmbH (Germany)
23.Valeo SA (France)
24.Constellium SE (France)
25.Nissens Automotive A/S (Denmark)
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| By | geeta |
| Added | Sep 4 '23 |
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