Market Size of India Automotive Heat Exchanger Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.25 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive Heat Exchanger Market Analysis
The India Automotive Heat Exchanger Market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 12.25% during the forecast period (2019 – 2024).
- Currently, the production of automotive heat exchangers is nearly stagnant in India, although, the market is expected to grow at a rapid pace during the forecast period, due to the growth in sales of passengers vehicles and changes in the vehicle emission norms in the country, which demands fuel efficiency
- The popular trend of engine downsizing in the Indian market is expected to create new opportunities for the manufacturers and suppliers of heat exchangers, as it may entail complexities in the design of heat exchangers.
- The competition in the market has intensified, due to the entry of vendors offering products at a low price. Manufacturers from neighboring countries, such as China, have made considerable evolution in making the pricing of heat exchangers more competitive. The domestic vendors in the country provide cost-effective products with limited features and functionalities.
