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.
The main types of designs in automotive heat exchangers are tube fin, plate bar, and others. Fin tubes are the main component of a heat exchanger system. Primarily, the efficiency of a heat exchanger depends on the heat transfer capabilities of finned tubes. The different types of vehicles include passenger cars, light commercial vehicles, and heavy commercial vehicles and involve various electric vehicles such as battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). It is used in several applications, including radiators, oil coolers, intercoolers, air conditioning systems, exhaust gas heat exchangers, and others.
The global automotive heat exchanger market grew from $24.5 billion in 2022 to $27.06 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive heat exchanger market is expected to grow to $37.97 billion in 2027 at a CAGR of 8.8%.
The automotive heat exchanger market research report is one of a series of new reports that provides automotive heat exchanger market statistics, including global market size, regional shares, competitors with an automotive heat exchanger market share, detailed automotive heat exchanger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat exchanger industry. This automotive heat exchanger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Product innovations have emerged as a key trend in the automotive heat exchanger market. Major companies operating in the automotive heat exchanger sector are focused on developing innovative heat exchangers to reinforce their position. For instance, in January 2022, Conflux Technology, an Australia-based additive manufactured heat exchanger expert company, is developing the most advanced additively manufactured 3D printed heat exchanger designs using metal 3D printing technology in partnership with Dallara. It is a small heat exchanger that meets stringent quality, performance, and cost targets. The 3D printed heat exchanger is highly efficient in terms of thermal exchange, pressure drop, and weight.
In May 2021, Hanon Systems, a South Korea-based automotive thermal and energy management solutions company acquired a condenser business from Keihin Corporation for an undisclosed amount. Through this acquisition, Hanon Systems aims to expand its ability to supply condenser technology to automakers and diversify the customer base. Keihin Corporation is a Japan-based automotive and motorcycle parts company that operates in the manufacturing of heat exchangers for automobiles.
Asia-Pacific was the largest region in the automotive heat exchanger market in 2022. 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, and Africa.
The countries covered in the automotive heat exchanger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The increasing production of commercial and passenger vehicles is significantly contributing to the growth of the automotive heat exchanger market. Passenger vehicles are automobiles that are used to transport passengers, whereas commercial vehicles transport a larger number of people for business purposes. The high production of automobiles requires a large number of automotive parts, including automotive heat exchangers, to be installed in the new vehicle, thereby promoting the automotive heat exchanger market's growth. For instance, according to the China Association of Automobile Manufacturers, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive heat exchanger market going forward.
The automotive heat exchanger market consists of sales of double-pipe heat exchanger, shell-and-tube heat exchanger, plate heat exchanger and condensers and boilers heat exchangers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the automotive heat exchanger market are ABB Ltd., AMEC Foster Wheeler Ltd., CNBM Group, Cochran Ltd., Dalian East New Energy Development Co. Ltd., Dürr Group, ElectraTherm, E-Rational, Forbes Marshall, General Electric, GETEC Energie Holding GmbH, IHI Corp., Mitsubishi Power Ltd., Ormat Technologies, Rentech Boiler Systems Inc., Siemens, Thermax Limited, Viessmann Limited, AC Boilers SpA, Bosch Thermotechnology, and Walchandnagar.
This product will be delivered within 1-3 business days.
The main types of designs in automotive heat exchangers are tube fin, plate bar, and others. Fin tubes are the main component of a heat exchanger system. Primarily, the efficiency of a heat exchanger depends on the heat transfer capabilities of finned tubes. The different types of vehicles include passenger cars, light commercial vehicles, and heavy commercial vehicles and involve various electric vehicles such as battery electric vehicles (BEV), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV). It is used in several applications, including radiators, oil coolers, intercoolers, air conditioning systems, exhaust gas heat exchangers, and others.
The global automotive heat exchanger market grew from $24.5 billion in 2022 to $27.06 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive heat exchanger market is expected to grow to $37.97 billion in 2027 at a CAGR of 8.8%.
The automotive heat exchanger market research report is one of a series of new reports that provides automotive heat exchanger market statistics, including global market size, regional shares, competitors with an automotive heat exchanger market share, detailed automotive heat exchanger market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat exchanger industry. This automotive heat exchanger market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Product innovations have emerged as a key trend in the automotive heat exchanger market. Major companies operating in the automotive heat exchanger sector are focused on developing innovative heat exchangers to reinforce their position. For instance, in January 2022, Conflux Technology, an Australia-based additive manufactured heat exchanger expert company, is developing the most advanced additively manufactured 3D printed heat exchanger designs using metal 3D printing technology in partnership with Dallara. It is a small heat exchanger that meets stringent quality, performance, and cost targets. The 3D printed heat exchanger is highly efficient in terms of thermal exchange, pressure drop, and weight.
In May 2021, Hanon Systems, a South Korea-based automotive thermal and energy management solutions company acquired a condenser business from Keihin Corporation for an undisclosed amount. Through this acquisition, Hanon Systems aims to expand its ability to supply condenser technology to automakers and diversify the customer base. Keihin Corporation is a Japan-based automotive and motorcycle parts company that operates in the manufacturing of heat exchangers for automobiles.
Asia-Pacific was the largest region in the automotive heat exchanger market in 2022. 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, and Africa.
The countries covered in the automotive heat exchanger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The increasing production of commercial and passenger vehicles is significantly contributing to the growth of the automotive heat exchanger market. Passenger vehicles are automobiles that are used to transport passengers, whereas commercial vehicles transport a larger number of people for business purposes. The high production of automobiles requires a large number of automotive parts, including automotive heat exchangers, to be installed in the new vehicle, thereby promoting the automotive heat exchanger market's growth. For instance, according to the China Association of Automobile Manufacturers, the production of passenger vehicles was approximately 21.408 million in 2021, up 7.1% year on year. Therefore, the increasing production of commercial and passenger vehicles is expected to propel the growth of the automotive heat exchanger market going forward.
The automotive heat exchanger market consists of sales of double-pipe heat exchanger, shell-and-tube heat exchanger, plate heat exchanger and condensers and boilers heat exchangers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the automotive heat exchanger market are ABB Ltd., AMEC Foster Wheeler Ltd., CNBM Group, Cochran Ltd., Dalian East New Energy Development Co. Ltd., Dürr Group, ElectraTherm, E-Rational, Forbes Marshall, General Electric, GETEC Energie Holding GmbH, IHI Corp., Mitsubishi Power Ltd., Ormat Technologies, Rentech Boiler Systems Inc., Siemens, Thermax Limited, Viessmann Limited, AC Boilers SpA, Bosch Thermotechnology, and Walchandnagar.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Automotive Heat Exchanger Market
What is the estimated value of the Global Automotive Heat Exchanger Market?
What is the growth rate of the Global Automotive Heat Exchanger Market?
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Who are the key companies in the Global Automotive Heat Exchanger Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 27.06 billion |
| Forecasted Market Value ( USD | $ 37.97 billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Automotive Heat Exchanger Market Characteristics
3. Automotive Heat Exchanger Market Trends And Strategies
4. Automotive Heat Exchanger Market - Macro Economic Scenario
4.1. COVID-19 Impact On Automotive Heat Exchanger Market
4.2. Ukraine-Russia War Impact On Automotive Heat Exchanger Market
4.3. Impact Of High Inflation On Automotive Heat Exchanger Market
5. Automotive Heat Exchanger Market Size And Growth
5.1. Global Automotive Heat Exchanger Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Automotive Heat Exchanger Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Automotive Heat Exchanger Market Segmentation
6.1. Global Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Tube Fin
- Plate Bar
- Other Design Types
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Radiators
- Oil Coolers
- Intercoolers
- Air Conditioning Systems
- Exhaust Gas Heat Exchangers
- Other Applications
7.1. Global Automotive Heat Exchanger Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Automotive Heat Exchanger Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Automotive Heat Exchanger Market
8.1. Asia-Pacific Automotive Heat Exchanger Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Automotive Heat Exchanger Market
9.1. China Automotive Heat Exchanger Market Overview
9.2. China Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Automotive Heat Exchanger Market
10.1. India Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Automotive Heat Exchanger Market
11.1. Japan Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Automotive Heat Exchanger Market
12.1. Australia Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Automotive Heat Exchanger Market
13.1. Indonesia Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Automotive Heat Exchanger Market
14.1. South Korea Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Automotive Heat Exchanger Market
15.1. Western Europe Automotive Heat Exchanger Market Overview
15.2. Western Europe Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Automotive Heat Exchanger Market
16.1. UK Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Automotive Heat Exchanger Market
17.1. Germany Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Automotive Heat Exchanger Market
18.1. France Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Automotive Heat Exchanger Market
19.1. Eastern Europe Automotive Heat Exchanger Market Overview
19.2. Eastern Europe Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Automotive Heat Exchanger Market
20.1. Russia Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Automotive Heat Exchanger Market
21.1. North America Automotive Heat Exchanger Market Overview
21.2. North America Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Automotive Heat Exchanger Market
22.1. USA Automotive Heat Exchanger Market Overview
22.2. USA Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Automotive Heat Exchanger Market
23.1. South America Automotive Heat Exchanger Market Overview
23.2. South America Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Automotive Heat Exchanger Market
24.1. Brazil Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Automotive Heat Exchanger Market
25.1. Middle East Automotive Heat Exchanger Market Overview
25.2. Middle East Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Automotive Heat Exchanger Market
26.1. Africa Automotive Heat Exchanger Market Overview
26.2. Africa Automotive Heat Exchanger Market, Segmentation By Design Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Automotive Heat Exchanger Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Automotive Heat Exchanger Market Competitive Landscape And Company Profiles
27.1. Automotive Heat Exchanger Market Competitive Landscape
27.2. Automotive Heat Exchanger Market Company Profiles
27.2.1. DENSO CORPORATION
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. MAHLE GmbH
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. VALEO
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hanon Systems
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Dana Limited
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Automotive Heat Exchanger Market
29. Automotive Heat Exchanger Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Automotive Heat Exchanger Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive heat exchanger market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for automotive heat exchanger? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive heat exchanger market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Design Type: Tube Fin; Plate Bar; Other Design Types2) 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
Companies Mentioned: DENSO CORPORATION; MAHLE GmbH; VALEO; Hanon Systems; Dana Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- DENSO CORPORATION
- MAHLE GmbH
- VALEO
- Hanon Systems
- Dana Limited
- AKG Group
- American Industrial Heat Transfer Inc.
- ALFA LAVAL
- Banco Products (India) Ltd.
- Climetal S.L.
- Clizen Inc.
- Constellium SE
- G&M Radiator
- API Heat Transfer
- Robert Bosch GmbH
Methodology
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