Lucintel Forecasts the Global Automotive Heat Exchanger Market to Reach $32 Billion by 2030
Lucintel Forecasts the Global Automotive Heat Exchanger Market to Reach $32 Billion by 2030
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According to a market report by Lucintel, the future of the global automotive heat exchanger market looks promising with opportunities in the radiator, oil cooler, intercooler, air conditioning, and exhaust gas markets. The global automotive heat exchanger market is expected to reach an estimated $32 billion by 2030 from $27 billion in 2024 at a CAGR of 3.3% from 2024 to 2030. The major drivers for this market are rising demand for hybrid and plug-in hybrid automobiles, growing usage of HVAC systems in luxury commercial and off-highway vehicles, and technological developments in transportation globally.
A more than 150-page report to understand trends, opportunity and forecast in automotive heat exchanger market to 2030 by design type (plate bar, tube fin, and others), vehicle type (passenger car, light commercial vehicle, and heavy commercial vehicle), electric vehicle (battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle), application (radiator, oil cooler, intercooler, air conditioning, exhaust gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that plate bar is expected to witness the higher growth over the forecast period because of the steady supply of raw materials, such as nitrile rubber gasket, EPDM rubber, stainless steel plate and frame, and chloroprene rubber.
APAC is expected to witness highest growth over the forecast period due to affordable manufacturing costs and the availability of inexpensive labor in the region.
AKG Thermal Systems, American Industrial Heat Transfer, Banco Products, Climetal S.L. Heat Exchanger, Clizen, Constellium, DENSO, G&M Radiator, Hanon Systems, MAHLE are the major suppliers in the automotive heat exchanger market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056