Market Size of Europe Automotive Heat Exchanger Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automotive Heat Exchanger Market Analysis
The Europe Automotive Heat Exchanger Market is anticipated to register a CAGR of over 4.5% during the forecast period.
- The market in Europe is one of the largest in the global heat exchanger market. The stringency in the emission norms levied by the European Commission and EPA has brought about a lot of reforms in the manufacturing of automotive components.
- The revival of the growth of the European automotive industry is a huge propellant in the growth of the market. The increasing demand for premium and luxury passenger vehicles, which has increased usage of heat exchangers, would also help the growth of the market in the forecast period.
- Moreover, the growing demand for electric vehicles from countries like the Netherlands, Norway, Denmark, Germany, France, amongst others is also expected to drive the automotive heat exchangers market during the forecast period.
- The increased investments in the research and development of automotive heat exchangers by major OEMs like Mahle GmbH, Valeo, Denso is also driving the growth of the market.
