The market in Latin America is largely driven by the component production market in Mexico. In addition, the increase in sales of passenger vehicles in Brazil, and Argentina would also significantly help in the adoption of heat exchangers in the region. The demand from the automotive aftermarket in the domestic market would also help to drive the demand of heat exchangers, driven by the increased wear and tear of the engine components. The roads in some of the region like that of Brazil are characterised by traffic congestion and vehicles, driven at a lower gears and higher engine revolutions (rpm) leading to the increased heating of the engines. The increased heating of the engines would cause an overheating of the engine. An automotive heat exchanger thereby, helps to increase the efficiency of the engines by reducing any kind of overheating of the engine. Thereby the increased effectiveness of heat exchanger would bring about a significant adoption in the heat exchangers. In addition, increased adoption of energy-efficient components is one of the key propellants driving the growth of the market.
There are a huge variety of aluminium heat exchangers, which are in popular demand due to the increased concern of producing lightweight automotive components. For instance, Novellis use advanced and innovative technologies like flex caster continuous casting technology, TRC technology fusion, TM multi-layer casting technology, DC processing technology in the making of superior aluminium sheets for heat exchangers in the HVAC systems.The growing popularity of aluminium in the automotive heat exchanger market is also driven by the high thermal conductivity of aluminium coupled with the corrosion- resistance feature of aluminium.
The market is segmented on the basis of application, design type and by vehicle type. The automotive radiator leads the market with a share of more than 65% in the application type. The automotive heat exchangers market in Mexico accounts for the highest share of around 72% in the Latin America automotive heat exchangers market. The automotive heat exchanger market is fragmented and highly competitive with the presence of a large number of small sale and medium vendors in the country. Denso, 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 various countries of the country.
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND TECHNOLOGY TRENDS
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the industry
5. MARKET DYNAMICS
5.4 Latest Technological Developments
5.5 Material Fitment Analysis- Aluminum over other metals
6. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY APPLICATION (Growth, Innovations and Feasibility of Sensor type)
6.2 Oil Coolers
6.4 Air Conditioning and Condenser
6.5 Exhaust Gas Heat Exchanger
7. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY DESIGN TYPE (Growth, Trends and Durability)
7.4 Extrusion Fin/Others
8. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY VEHICLE TYPE
8.1 Electric Vehicles
8.2 Conventional (ICE) Vehicles
9. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET,BY COUNTRY
9.1 Latin America
9.1.5 Rest of Latin America
10. COMPETITIVE LANDSCAPE
10.2 Market Share Analysis
10.3 Developments of Key players
11. KEY VENDOR ANALYSIS
11.2 AKG Thermal Systems
11.6 Comco Corporation
11.7 Constellium N.V.
11.8 Dana Canada
11.10 G&M Radiator
11.11 HRS Process Systems
11.14 Ningbo Lurun
11.16 Precision Micro
11.17 Sapa Group
11.20 Visteon Corp
12. FUTURE AND INVESTMENT OUTLOOK