Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Heat Exchanger Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Heat Exchanger Market Grow Between 2024 and 2025?
The market size for the automotive heat exchanger has seen significant growth recently. The market is projected to increase from $28.11 billion in 2024 to $29.79 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.0%.
How Much Will the Automotive Heat Exchanger Market Be Worth in 2029?
The Automotive Heat Exchanger Global Market is projected to reach a size of $40.42 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%.
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Which Automotive Heat Exchanger Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive heat exchanger market are:
• Transition to electric and hybrid vehicles
• Increasing focus on energy efficiency and advanced cooling systems
• Emphasis on sustainable manufacturing and growth in autonomous vehicle technology
• Technological advancements in the automotive industry, including smart sensors for real-time monitoring and improved thermal management for electric vehicles.
Which Segments Are Expected to Grow in the Automotive Heat Exchanger Market?
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
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What Are The Key Trends Impacting Growth In The Global Automotive Heat Exchanger Market?
The key trends in the automotive heat exchanger market are:
• The transition to electric and hybrid vehicles is shaping the future of the automotive heat exchanger market.
• The integration of advanced cooling systems is a significant emerging trend.
• The market is hugely influenced by the adoption of thermal management for electric vehicles.
• The integration of smart sensors for real-time monitoring is being increasingly adopted as a trend.
Who Are the Key Competitors in the Global Automotive Heat Exchanger Market?
Major players in the automotive heat exchanger market are:
• 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
Where Is the Automotive Heat Exchanger Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the automotive heat exchanger market in 2024
