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Asia-Pacific Automotive Heat Exchanger Market - Forecasts and Trends (2020 - 2025)

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The automotive heat exchanger market in APAC is expected to reach USD 17.03 billion by 2017, growing at a CAGR of 9.75% by 2020. The overall market for heat exchangers in Asia-Pacific is witnessing high industrial growth rate, primarily due to an ever-increasing demand for heat exchangers because of their diverse applications. The demand for automotive heat exchangers in APAC depends on several factors such as the production and demand for automobiles and the number of vehicles on the road. In the emerging and developing countries of APAC, the demand for automotive heat exchangers is driven by the production of new vehicles. In addition, the automotive heat exchanger manufacturers in the APAC region have started to invest heavily in the lightweight automotive material ( like aluminum) , which is expected to enhance the demand for automotive heat exchangers significantly in the region. The increased penetration of passenger vehicles in the last 3 years in the region has driven the growth of the automotive aftermarket, which has helped significantly in the growth of the automotive heat exchanger market in the region. 

Asia-Pacific Heat Exchanger Market Dynamics

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 for automotive radiators (heat exchangers used for cooling internal combustion engines) in the aftermarket is expected to mainly drive the demand for automotive heat exchangers in this segment. Vendors have started focusing on the aftermarket segment in addition to catering to the OEM’s 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 of 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 during the forecast period. The market in the APAC region will be mainly driven by the developing countries like China and India. In addition, there is demand for automotive heat exchangers from Japan and South Korea, with increased demand for premium vehicles that use a greater number of heat exchangers. In addition, the implementation of stringent emission norms has resulted in OEM’s pushing for technologies that assist in complying with the standards. For instance, the application of exhaust gas recirculation cooling in diesel engines helps automakers reduce nitrogen oxide emission. However, the constraint in the supply of raw material such as copper and aluminum makes their availability fall short of their demand from the automotive heat exchanger market.

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 types. Similarly, the market for plate fin heat exchangers is expected to dominate the market in 2020, with tube-fin generating a significantly high CAGR during the forecast period. 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.

Some of the dominant players in the market are:

  • Climetal
  • Denso
  • Mahle
  • Valeo

What the Report Offers

  • Market definition along with identification of key drivers and restraints for the market.
  • Market analysis with region-specific assessment and competition analysis of the market
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
  • Identification and analysis of the macro and micro factors that affect the industry in the region as well in the country.

1. INTRODUCTION

                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

                6.1 Drivers

                6.2 Restraints

                6.3 Opportunities

                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)

                7.1 Radiators

                7.2 Oil Coolers

                7.3 Intercoolers

                7.4 Air Conditioning and Condenser

                7.5 Exhaust Gas Heat Exchanger

                7.6  Others

8. ASIA-PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET, BY DESIGN TYPE (Growth, Trends, and Durability)

                8.1 Tube/Fin

                8.2 Plate-Bar

                8.3 Plate-Fin

                8.4 Extrusion Fin/Others

                8.5 Others

9. ASIA-PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET, BY VEHICLE TYPE

                9.1 Electric Vehicles

                9.2 Conventional (ICE) Vehicles

                9.3 Others

10. ASIA-PACIFIC AUTOMOTIVE HEAT EXCHANGER MARKET,BY COUNTRY

                10.1 Asia-Pacific

                                10.1.1 Introduction

                                10.1.2 Australia

                                10.1.3 China

                                10.1.4 India

                                10.1.5 Japan

                                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

                11.1 AIHITI

                11.2 AKG Thermal Systems

                11.3 Climetal

                11.4 Clizen

                11.5 Comco Corporation

                11.6 Constellium N.V.

                11.7 Denso

                11.8 HRS Process Systems

                11.9 Jiangsu

                11.10 Kaori

                11.11 Mahle

                11.12 Modine Manufacturing

                11.13 Ningbo Lurun Cooler

                11.14 Nippon Light Metals

                11.15 Pierburg

                11.16 Precision Micro

                11.17 SeasonAir

                11.18 Valeo

                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

13. DISCLAIMER

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