Global Automotive Heat Exchanger
Market Report
2024
The global automotive heat exchanger market size is USD 29.5 billion in 2024. The automotive heat exchanger market will show the strongest growth with a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031. This expansion can be attributed to the increasing adoption of electric vehicles (EVs).
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global automotive heat exchanger market will be USD 29.5 billion in 2024 and expand at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Heat Exchanger Market Sales Revenue 2024 | $ 29.5 Billion |
Global Automotive Heat Exchanger Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.3% |
Market Split by Propulsion & Component |
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Market Split by Electric Vehicle |
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Market Split by Design |
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Market Split by Vehicle |
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Market Split by Off-Highway |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Automotive Heat Exchanger industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Automotive Heat Exchanger Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The automotive heat exchanger is a device designed to transfer heat between two mediums, typically between the engine coolant and the outside air or between the engine oil and coolant. It plays a critical role in regulating the temperature of various automotive systems, including the engine, transmission, and cabin. Several factors drive the automotive heat exchanger market, including stringent emission regulations necessitating efficient cooling systems, the pursuit of enhanced fuel efficiency through optimized thermal management, and the rapid advancements in automotive technology, particularly in electric and hybrid vehicles. Additionally, the increasing demand for comfort and convenience features in vehicles, coupled with the growing aftermarket for automotive parts, further fuels the demand for heat exchangers, contributing to market growth.
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In April 2024, Hyundai Motor Company initiated the 'Made Cooler by Hyundai' campaign to alleviate the challenges faced by local drivers dealing with summer heat and energy expenses. During the campaign, the company applied the world's inaugural Nano Cooling Film to the windows of over 70 Hyundai vehicles. This revolutionary transparent film, which blocks solar heat and emits infrared rays from inside the vehicle to the outside, was employed to enhance heat dissipation. Its incorporation of a nanostructure with outstanding heat transfer properties maximized cooling efficiency.
Top Companies Market Share in Automotive Heat Exchanger Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the automotive heat exchanger market due to its robust automotive industry, stringent emission regulations, and technological advancements. The region's significant presence of leading automotive manufacturers and suppliers, coupled with a strong aftermarket, further consolidates its position as a key player in the global automotive heat exchanger market.
Asia Pacific is experiencing the fastest growth in the automotive heat exchanger market, fueled by the region's burgeoning automotive industry and rising vehicle production. Factors such as increasing urbanization, expanding middle-class population, and government initiatives promoting automotive manufacturing contribute to the robust demand for heat exchangers in the region.
The current report Scope analyzes Automotive Heat Exchanger Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Automotive Heat Exchanger Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Heat Exchanger Industry growth. Automotive Heat Exchanger market has been segmented with the help of its Propulsion & Component, Electric Vehicle Design, and others. Automotive Heat Exchanger market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Automotive Heat Exchanger market.
Propulsion & Component of Automotive Heat Exchanger analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Heat Exchanger Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Automotive Heat Exchanger from 2019 to 2031. This will also help to analyze the demand for Automotive Heat Exchanger across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Electric Vehicle of Automotive Heat Exchanger are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Heat Exchanger market report 2024 Edition by contacting our team.
According to cognitive market research, the tube fin segment holds a significant share due to their widespread use and effectiveness in heat transfer applications. Tube fin heat exchangers feature a design comprising tubes arranged in parallel rows with fins attached to them. This design maximizes surface area for heat exchange, making them highly efficient in dissipating heat from engine coolant, transmission fluid, or air conditioning refrigerants. Their versatility, cost-effectiveness, and compatibility with various vehicle types contribute to their dominance in the automotive heat exchanger market.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Heat Exchanger Market is witnessing significant growth in the near future.
In 2023, the ICE segment accounted for noticeable share of global Automotive Heat Exchanger Market and is projected to experience significant growth in the near future.
The BEV segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Denso Corporation (Japan) , Valeo (France) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Propulsion & Component | ICE, EV |
Electric Vehicle | BEV, PHEV, HEV |
Design | Plate Bar, Tube Fin, Others |
Vehicle | Passenger Car, LCV, Truck, Bus |
Off-Highway | Agricultural Equipment, Construction Equipment |
List of Competitors | Denso Corporation (Japan), MAHLE GmbH (Germany), Valeo (France), Hanon Systems (South Korea), T.RAD Co. Ltd (Japan) |
This chapter will help you gain GLOBAL Market Analysis of Automotive Heat Exchanger. Further deep in this chapter, you will be able to review Global Automotive Heat Exchanger Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Heat Exchanger Market Trends North America Automotive Heat Exchanger Technological Road Map North America Automotive Heat Exchanger Market Drivers North America Automotive Heat Exchanger Market Restraints North America Automotive Heat Exchanger Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Propulsion & Component Analysis 2019 -2031, will provide market size split by Propulsion & Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Propulsion & Component Analysis 2019 -2031
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Chapter 11 Market Split by Electric Vehicle Analysis 2019 -2031
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Chapter 12 Market Split by Design Analysis 2019 -2031
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Chapter 13 Market Split by Vehicle Analysis 2019 -2031
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Chapter 14 Market Split by Off-Highway Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Heat Exchanger market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why ICE have a significant impact on Automotive Heat Exchanger market? |
What are the key factors affecting the ICE and EV of Automotive Heat Exchanger Market? |
What is the CAGR/Growth Rate of BEV during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Heat Exchanger Market? |
Which region is expected to dominate the global Automotive Heat Exchanger Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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