Automotive Heat Exchanger

Automotive Heat Exchanger

Global Automotive Heat Exchanger Market to Reach $43.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Heat Exchanger estimated at US$19.3 Billion in the year 2020, is projected to reach a revised size of US$43.9 Billion by 2027, growing at a CAGR of 12.5% over the analysis period 2020-2027. Tube Fin, one of the segments analyzed in the report, is projected to record a 12.8% CAGR and reach US$20.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Plate Bar segment is readjusted to a revised 12.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 11.8% CAGR

The Automotive Heat Exchanger market in the U.S. is estimated at US$5.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.7% and 10.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR.

Other Design Types Segment to Record 11.7% CAGR

In the global Other Design Types segment, USA, Canada, Japan, China and Europe will drive the 11.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.1 Billion in the year 2020 will reach a projected size of US$6.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 41 Featured) -

• AKG
• Calsonic Kansei
• Dana
• Denso
• Hanon
• Mahle
• Nippon Light Metal
• Sanden
• T.Rad
• Valeo

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