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The China Automotive Heat Exchanger Market is segmented by Application (Radiators, Oil Coolers, Intercoolers, Air Conditioning, Exhaust Gas, and Other Applications), Design type (Tube-Fin, Plate-Bar, and Other Design Types), Vehicle Type (Passenger Cars and Commercial Vehicles), Powertrain Type (IC Engine Vehicles, Electric Vehicles)
The China Automotive Heat Exchanger Market is expected to register a CAGR of about 8.73 % during the forecast period (2020 - 2025).
The China Automotive Heat Exchanger Market covers the current and upcoming trends with recent technological development. The report will provide detailed analysis on various areas of the market by application, design, vehicle, and powertrain type. The market share of key automotive heat exchanger manufacturers across the Chinese Market will be provided in the report.
|IC Engine Vehicle|
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The sales and the production of the electric vehicles are further expected to witness a phenomenal growth rate, with many countries trying to achieve the zero-emission standards. Many economies around the world are aiming to eliminate pollutants from the vehicles by completely removing fossil fuel vehicles from the roads. Developing countries like China have also decided to fight the environmental pollution problems by increasing the number of electric cars in the countries.
To make this a possibility, the Chinese government is offering many incentives to the customers opting for electric-powered vehicles. The customers of electric cars are expected to get additional benefits, such as price subsidies, free parking, and tax exemptions, etc.. In contrast, the buyers of regular vehicles are being levied heavy taxes. With further incentives from the regulating authorities and the availability of better electric cars, the sales are further expected to grow up in the country.
Stringent emission norms in the region have enabled it for a technological breakthrough in the production of fuel-efficient automotive heat exchangers. One such popular emerging trend apparent in the market is the decline in the engine size of the vehicles, leading to the increased demand for two and three-cylinder engines. The sales of four-cylinder engines are expected to fall significantly, with the increased stringency of emission norms (since vehicle weight is directly proportional to the emission released). The increasing demand for small-sized automobiles will rise the demand for turbochargers, which would again propel the demand for heat exchangers, leading to the growth of the country's automotive heat exchanger market.
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Demand for passenger cars and LCVs in China is expected to grow during the forecast period, leading to a high demand for automotive heat exchanger units in China. The country is home to more than 500 heat exchanger manufacturers, with a massive presence of regional players. The increased penetration of passenger vehicles over the last three years in the region has driven the growth of the automotive aftermarket. It has helped significantly in the growth of the Asia-Pacific automotive heat exchanger market.
The overall market for heat exchangers in China is witnessing a high industrial growth rate, primarily due to an ever-increasing demand for heat exchangers because of their diverse applications. The need for automotive heat exchangers 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 nations such as China, the need for automotive heat exchangers is driven by the production of new cars. Also, the automotive heat exchanger manufacturers in the China region have started to invest heavily in the lightweight automotive material (such as aluminium), which is expected to significantly enhance the demand for automotive heat exchangers in the region.
Most of the automobile manufacturers (OEMs) in China are working on the use of aluminium as a lightweight material in component production. Aluminium and plastic are also less expensive than iron and steel, making them useful materials. The revisions in the emission standards are expected to increase the use of heat exchangers. Also, fouling mitigation mechanisms, when devised in an automotive heat exchanger, further add to the cost of manufacturing automotive heat exchangers. Although managing costs while meeting the increased product complexity is a significant challenge for automotive heat exchanger vendors.
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The China Automotive Heat Exchanger Market is fragmented with major players such as DENSO Corporation, Hanon System, Jiangsu Jiahe, Ningbo Lurun Cooler, and Pierburg China. To have the edge over its competitors, the major ADAS companies are making joint-ventures, partnerships with car manufacturing companies to launch newer products.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Oil Coolers
5.1.4 Air Conditioning
5.1.5 Exhaust Gas
5.1.6 Other Applications
5.3 Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 Powertrain Type
5.4.1 IC Engine Vehicle
5.4.2 Electric Vehicles
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AKG Thermal Systems Inc.
6.2.2 American Industrial Heat Transfer Inc.
6.2.3 Hanon Systems
6.2.4 Denso Corp
6.2.5 Jiangsu Jiahe
6.2.6 Ningbo Lurun Cooler
6.2.7 Pierburg China
6.2.8 Mahle GmbH
6.2.9 Valeo SA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS