With the increase in globalization, there is increased competition among automotive heat exchanger manufacturers across the Asia-Pacific to manufacture best-in-class products with increased functional competency. For instance, the increased demand of automotive radiators, (which are heat exchangers used for cooling internal combustion engines) in the aftermarket would mainly drive the demand of automotive heat exchanger in the aftermarket segment. Vendors have started focusing on the aftermarket segment in addition to catering the OEMs in an attempt to extend their market presence among end-users. Furthermore, there is increased competition among automotive heat exchanger vendors to attain the maximum possible share in this market.
The automotive heat exchanger market in the APAC region is expected to grow at a faster rate than the market in the Americas in the global automotive heat exchanger market, during the forecast period. The market in APAC would be mainly driven by the developing countries like China and India. The heat exchanger market is expected to gain a larger market share because of the growth in the economy of countries such as China and India. In addition, there is a demand for automotive heat exchangers from Japan and South Korea, with increased demand of premium vehicles, which uses greater number of heat exchangers. In addition, the implementation of stringent emission norms has resulted in OEMs to push for technologies that assist in complying with the standards. For instance, the application of exhaust gas recirculation cooling in diesel engines helps automakers reduce the nitrogen oxide emission. However, the constraint in the supply of raw-material such as copper and aluminium, makes the availability of these raw materials well behind the demand for the automotive heat exchangers in the market, at times.
The market is segmented on the basis of application, design type, vehicle type, and by country. The automotive radiator leads the market with a share of more than 65% in the application type. Similarly the market for plate fin heat exchanger would dominate the market in 2020, with tube-fin generating a significantly high CAGR during the forecast report. The growth in the electric vehicle segment would also be significantly higher than the traditional ICE vehicles. The automotive heat exchanger market in APAC is fragmented and highly competitive with the presence of a large number of vendors. The market is characterized by the presence of well-diversified international as well as regional vendors. The regional vendors provide cost-effective products with limited features and functionalities. Denso, Mahle, Valeo, Visteon are the dominant players in the market.
WHAT THE REPORT OFFERS
Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on the market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry in the region as well in the country.
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. GLOBAL AUTOMOTIVE HEAT EXCHANGER: MARKET OVERVIEW
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Framework
6. MARKET DYNAMICS
6.4 Latest Technological Developments
6.5 Material Fitment Analysis- Aluminum over other metals
7. ASIA PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET, BY APPLICATION (Growth, Innovations and Feasibility of Sensor type)
7.2 Oil Coolers
7.4 Air Conditioning and Condenser
7.5 Exhaust Gas Heat Exchanger
8. ASIA PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET, BY DESIGN TYPE (Growth, Trends and Durability)
8.4 Extrusion Fin/Others
9. ASIA PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET, BY VEHICLE TYPE
9.1 Electric Vehicles
9.2 Conventional (ICE) Vehicles
10. ASIA PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET,BY COUNTRY
10.1.6 South Korea
10.1.7 Rest of Asia- pacific
10.2 Market Share Analysis
10.3 Developments of Key players
11. KEY VENDOR ANALYSIS
11.2 AKG Thermal Systems
11.5 Comco Corporation
11.6 Constellium N.V.
11.8 HRS Process Systems
11.12 Modine Manufacturing
11.13 Ningbo Lurun Cooler
11.14 Nippon Light Metals
11.16 Precision Micro
11.19 Visteon Corp
11.20 Wuxi Guanyun Heat Exchanger Co.,Ltd.
11.21 Weifang HengAn Radiator
11.22 Zhejiang Yinlun Machinery
12. FUTURE AND INVESTMENT OUTLOOK