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Latin America Automotive Heat Exchanger Market - Forecasts and Trends (2020 - 2025)

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The Latin America automotive heat exchanger market is expected to reach USD 9.52 billion by 2017, growing at a CAGR of XX$ by 2022. The Mexican automotive industry is expected to continue growing in the future, driving the bulk of Latin America’s heat exchanger market. The forecasts indicate that automotive production will cross 5 million units by 2020 in Mexicomaking it one of the leading automotive producers.  The light vehicle industry has a total of 18 production complexes located in 11 states of Mexico that are involved in the production of automotive parts, components, and vehicle models to cater the demands of international markets. Mexico, with a combination of low wages, geographical location, and free-trade agreements, has influenced many OEM’s to invest there. Thereby, Mexico is considered one of the most favorable countries for the production of automotive components and also for heat exchanger production.

The market in Latin America is largely driven by the component production market in Mexico. In addition, the increase in sales of passenger vehicles in Brazil, and Argentina will also significantly help in the adoption of heat exchangers in the region. The demand from the automotive aftermarket in the domestic market will also help to drive the demand for heat exchangers, as a result of the increased wear and tear of the engine components. The roads in some of the regions like Brazil are characterized by traffic congestion and vehicles driven at lower gears and higher engine revolutions (rpm), leading to the increased heating of the engines. An automotive heat exchanger thereby helps to increase the efficiency of the engines by reducing any kind of overheating of the engine. Their increased effectiveness will bring about a significant adoption of heat exchangers.  In addition, increased adoption of energy-efficient components is one of the key propellants driving the growth of the market.

There are a huge variety of aluminum heat exchangers, which are in popular demand due to the increased concern of producing lightweight automotive components. For instance, Novellis uses advanced and innovative technologies like flex caster continuous casting technology, TRC technology fusion, TM multi-layer casting technology and DC processing technology in the making of superior aluminum sheets for heat exchangers in the HVAC systems. The growing popularity of aluminum in the automotive heat exchanger market is also driven by its high thermal conductivity, coupled with its corrosion- resistant nature.

The Latin America Automotive Heat Exchanger Market is segmented on the basis of application, design type, and vehicle type.  The automotive radiator leads the market with a share of more than 65% in the application types. The automotive heat exchanger market in Mexico accounts for the highest share of around 72% in the Latin America automotive heat exchangers market.  This market is fragmented and highly competitive with the presence of a large number of small and medium-scale vendors in the country.

Some of the dominant players in the market are:

  • Banco
  • Denso
  • Pierburg
  • Visteon Corp

What the Report Offers

  • Market definition along with identification of key drivers and restraints for the market.
  • Market analysis with region-specific assessments and competition analysis of the market
  • Identification of factors instrumental in changing the market scenario and 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 various countries of the country.

1. INTRODUCTION

                1.1 Research Methodology

                1.2 Key Findings of the Study

2. KEY FINDINGS

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW AND TECHNOLOGY TRENDS

                4.1 Current Market Scenario

                4.2 Technology Trends

                4.3 Porter's Five Forces Framework

                                4.3.1 Bargaining Power of Suppliers

                                4.3.2 Bargaining Power of Consumers

                                4.3.3 Threat of New Entrants

                                4.3.4 Threat of Substitute Products and Services

                                4.3.5 Competitive Rivalry within the industry

5. MARKET DYNAMICS

                5.1 Drivers

                5.2 Restraints

                5.3 Opportunities

                5.4 Latest Technological Developments

                5.5 Material Fitment Analysis- Aluminum over other metals

6. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY APPLICATION (Growth, Innovations, and Feasibility of Sensor type)

                6.1 Radiators

                6.2 Oil Coolers

                6.3 Intercoolers

                6.4 Air Conditioning and Condenser

                6.5 Exhaust Gas Heat Exchanger

                6.6 Others

7. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY DESIGN TYPE (Growth, Trends, and Durability)

                7.1 Tube/Fin

                7.2 Plate-Bar

                7.3 Plate-Fin

                7.4 Extrusion Fin/Others

                7.5 Others

8. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY VEHICLE TYPE

                8.1 Electric Vehicles

                8.2 Conventional (ICE) Vehicles

                8.3 Others

9. LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET, BY COUNTRY

                9.1 Latin America

                                9.1.1 Introduction

                                9.1.2    Brazil

                                9.1.3 Argentina

                                9.1.4 Mexico

                                9.1.5 Rest of Latin America

10. COMPETITIVE LANDSCAPE

                10.1 Introduction

                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 Banco

                11.4 Climetal

                11.5 Clizen

                11.6 Comco Corporation

                11.7 Constellium N.V.

                11.8 Dana Canada

                11.9 Denso

                11.10 G&M Radiator

                11.11 HRS Process Systems

                11.12 Mahle

                11.13 Modine

                11.14 Ningbo Lurun

                11.15 Pierburg

                11.16 Precision Micro

                11.17 Sapa Group

                11.18 ThermaSys

                11.19 Valeo

                11.20 Visteon Corp

                11.21 Voith

12. FUTURE AND INVESTMENT OUTLOOK

13. DISCLAIMER

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