Global Automotive Heat Exchanger Market Share 2024, Forecast To 2033
15 Feb, 2024
The automotive heat exchanger market has grown strongly from $26.4 billion in 2023 to $28.51 billion in 2024 at an 8.0% CAGR. The rise in automotive production, internal combustion engine development, and demand for improved vehicle performance contributed to this historic growth. In the forecast, the market is expected to reach $38.83 billion in 2028 with an 8.0% CAGR. Factors include the transition to electric and hybrid vehicles, a focus on energy efficiency, advanced cooling systems, sustainable manufacturing, and growth in autonomous vehicle technology, along with trends such as technological advancements and smart sensors for real-time monitoring.
Global Automotive Heat Exchanger Market Key Driver
The increasing production of commercial and passenger vehicles contributes to the automotive heat exchanger market. In 2021, passenger vehicle production reached approximately 21.41 million, marking a 7.1% YoY increase. This surge in vehicle production propels the demand for automotive heat exchangers.
Get A Free Sample Of The Global Automotive Heat Exchanger Market ReportGlobal Automotive Heat Exchanger Market Segments
The automotive heat exchanger market covered in this report is segmented –
1) By Design Type: Tube Fin, Plate Bar, Other Design Types
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Electric Vehicle: Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)
4) By Application: Radiators, Oil Coolers, Intercoolers, Air Conditioning Systems, Exhaust Gas Heat Exchangers, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the automotive heat exchanger market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive heat exchanger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Heat Exchanger Industry Players
Nippon Denso Co Ltd.; MAHLE GmbH; Valeo SA; Hanon Systems Co Ltd.; Dana Ltd.; Autokühler-Gesellschaft Group; American Industrial Heat Transfer Inc.; Alfa-Laval AB; Banco Products Ltd.; Climetal SL; Clizen Inc.; Constellium SE; GM Radiator Manufacturing Company Ltd.; American Petroleum Institute Heat Transfer; Robert Bosch GmbH; Modine Manufacturing Company; Calsonic Kansei Corporation; Behr Hella Service GmbH; Visteon Corporation; Filterwerk Mann+Hummel GmbH; Tata AutoComp Systems Ltd.; Sanden Holdings Corporation; Adrad Pty Ltd.; Sondex AS; Cummins Inc.; Automotive Cooling Ltd.; Genera Corporation; T RAD Co. Ltd.; Sunbelt Radiators Inc.; Kelvion Holding GmbH
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Automotive Heat Exchanger Market Overview
An automotive heat exchanger is a device designed for the automobile industry that allows heat to be transferred between two mediums at different temperatures. The medium consists of fluids that are separated by a material such as metals with heat transfer properties and flow close to each other. The automotive heat exchanger is used to remove heat from automotive mechanical systems.
Automotive Heat Exchanger Global Market Report 2023 provides data on the global automotive heat exchanger market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive heat exchanger market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.