Automotive Heat Exchanger Market by Type (Radiator, Oil Coolers), by Design Type (Shell and Tube), by Application (Engine bay, Exhaust Gas), by Vehicle Type (ICE, Electric Vehicles and Others), by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast 2020 to 2027\r\n

Automotive Heat Exchanger Market Size, Share, Trends, Growth, Analysis, Research

Automotive Heat Exchanger Market: Summary

The Global Automotive Heat Exchanger Market is estimated to reach USD 35.2 Billion by 2027 at a CAGR of 7.3 %, says forencis research (FSR).

A heat exchanger is a device used for allowing the transfer of heat from one medium to another at dissimilar temperatures. The heat exchanger medium consists of two fluids which flow close to each other but they are separated by material or metals which have good thermal properties. The automotive heat exchanger plays a vital role in maintaining the temperature of the engine and other vehicle components. Moreover, it is also used in cooling applications such as air conditioners. This device is used in the engine bay, exhaust gas, heating, ventilation, and air conditioning system.


Automotive Heat Exchanger Market: Drivers & Restraints

Market Drivers:

  • Growing HVAC Usage in Commercial Vehicles

Automotive heating, ventilation, and air conditioning (HVAC) are used to maintain the internal climate of the vehicle as well as heating and controlling system of engine and other components. In commercial vehicles, the need for HVAC systems is high because the engine generates high power which would need a cooling system. Commercial vehicles are used to transport perishable goods, sensitive chemicals, medical drugs and others which would need the HVAC system to maintain the life of the goods.

Thus, growing HVAC usage in commercial vehicles is expected to drive the automotive heat exchanger market during the forecast period.

  • Growing Adoption of Electric Vehicles

Automotive manufacturers are engaged in developing innovative technologies that would provide better connectivity solutions. The development of innovative technologies is an outcome of the growing demand for luxurious and smart vehicles. Rise in demand for electric and hybrid vehicles has boosted the demand for heat exchanger, owing to EVs require better battery thermal management system. Heat exchangers such as plate-to-plate, liquid-cooled plate, are used in the electric vehicles for cooling and improving the battery life. As per the data shared by the Edison Electric Institute, in 2018, the total sales of electric vehicles in the United States raised 81%, when compared to 2017.

Thus, the growing adoption of electric vehicles has expected to drive the automotive heat exchanger market during the forecast period.


Market Restraints:

  • High Initial Cost

The initial cost of heat exchangers is high and in addition to it the operational, installation and maintenance cost increases the overall expenditure of this device which acts as a restraint to the market growth. Heat exchangers being a pre-requisite in the automotive applications, the overall cost of these parts is also a deciding factor to determine the overall investment returns. For instance, a premium heat exchanger system would result in low service cost and high durability which results in high service life. On the contrary, low-cost heat exchanger would result in low investments however, the overall maintenance and replacements intervals would be higher.

Thus, the high initial cost of the heat exchanger is a restraining factor for the global market growth during the forecast period.

Automotive Heat Exchanger Market: Key Segments

  • Based on Type: Radiator, Oil Coolers, Intercoolers, and others.
  • Based on Design: Shell and Tube, Tube-Fin, Plate Bar, Double Pipe, and others.
  • Based on Application: Engine Bay, Exhaust Gas, Heating, Ventilation, and Air Conditioning (HVAC), and others.
  • Based on Vehicle Type: Internal Combustion Engine (ICE), Electric Vehicles (EVs), and others.
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.  

Automotive Heat Exchanger Market: Report Scope

The report on the automotive heat exchanger market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2020-2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Units)

Segments Included

Type, Design Type, Application, Vehicle Type, and Region

Regional Coverage

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

Key Companies Covered

  • DENSO CORPORATION (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • MAHLE GmbH
  • Valeo
  • Dana Iimited
  • Hanon Systems
  • T.RAD Co., Ltd.
  • Nippon Light Metal Holdings Co., Ltd.
  • Clizen Inc.
  • GEA Group Aktiengesellschaft
  • Others

Automotive Heat Exchanger Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Heat Exchanger Market, by Type

  • Radiator
  • Oil Coolers
  • Intercoolers
  • Others

 Automotive Heat Exchanger Market, by Design Type

  • Shell and Tube
  • Tube-Fin
  • Plate Bar
  • Double Pipe
  • Others 

Automotive Heat Exchanger Market, by Application

  • Engine Bay
  • Exhaust Gas
  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Others 

Automotive Heat Exchanger Market, by Vehicle Type

  • Internal Combustion Engine (ICE)
  • Electric Vehicles (EVs)
    • Battery Electric Vehicles (BEVs)
    • Plug-In Hybrid Electric Vehicles (PHEVs)
    • Hybrid Electric Vehicles (HEVs)
    • Fuel Cell Electric Vehicles (FCEV)
  • Others 

Automotive Heat Exchanger Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Norway
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America 

Key Questions answered by the report

  • What are the major developments impacting the global market and its growth?
  • What will be the effects of the developments in the global market on the industry and the market players in the near and far future?
  • What are the evolving types of the global market?
  • What are the evolving applications of the global market?
  • What are the major characteristics that will affect the global market growth during the study period?
  • Who are the key global players operating in the market?
  • How are the major players leveraging in the existing global market conditions?

Report Audience

  • Automotive Heat Exchanger Market Providers
  • Automotive Heat Exchanger Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Automotive Heat Exchanger Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms



1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations


2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation



4.1       Introduction

4.2       Drivers

                                 4.2.1.    Growing HVAC Usage in Commercial Vehicles  

                                 4.2.2.    Growing Adoption of Electric Vehicles

4.3       Restraints

                                  4.3.1    High Initial Cost

4.4       Opportunities

                                  4.4.1    Increase Need for Battery Thermal Management System

4.5       Challenges

                                  4.5.1    Stringent Emission Norms


5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      AUTOMOTIVE HEAT EXCHANGER MARKET BY TYPE, Market Size in USD Million and Units (2019—2027)

6.1       Introduction

6.2       Radiator

6.3       Oil Coolers

6.4       Intercoolers

6.5       Others

7      AUTOMOTIVE HEAT EXCHANGER MARKET BY DESIGN TYPE, Market Size in USD Million and Units (2019—2027)

7.1       Introduction

7.2       Shell and Tube

7.3       Tube-Fin

7.4       Plate Bar

7.5       Double Pipe

7.6       Others

8      AUTOMOTIVE HEAT EXCHANGER MARKET BY APPLICATION, Market Size in USD Million and Units (2019—2027)

8.1       Introduction

8.2       Engine Bay

8.3       Exhaust Gas

8.4       Heating, Ventilation, and Air Conditioning (HVAC)

8.5       Others

9      AUTOMOTIVE HEAT EXCHANGER MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2019—2027)

9.1       Introduction

9.2       Internal Combustion Engine (ICE)

9.3       Electric Vehicles (EVs)

                                  9.3.1    Battery Electric Vehicles (BEVs)

                                  9.3.2    Plug-In Hybrid Electric Vehicles (PHEVs)

                                  9.3.3    Hybrid Electric Vehicles (HEVs)

                                  9.3.4    Fuel Cell Electric Vehicles (FCEV)

9.4       Others

10   AUTOMOTIVE HEAT EXCHANGER MARKET BY REGION, Market Size in USD Million and Units (2019—2027)

10.1     North America

                                10.1.1    US

                                10.1.2    Canada

                                10.1.3    Mexico

10.2     Europe

                                10.2.1    Germany

                                10.2.2    UK

                                10.2.3    France

                                10.2.4    Italy

                                10.2.5    Spain

                                10.2.6    Norway

                                10.2.7    Rest of Europe

10.3     Asia-Pacific

                                10.3.1    China

                                10.3.2    India

                                10.3.3    Japan

                                10.3.4    South Korea

                                10.3.5    Rest of Asia-Pacific

10.4     Middle East & Africa

                                10.4.1    Saudi Arabia

                                10.4.2    UAE

                                10.4.3    Rest of Middle East & Africa

10.5     South America

                                10.5.1    Brazil

                                10.5.2    Argentina

                                10.5.3    Rest of South America


11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking



                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     MAHLE GmbH

12.3     Valeo

12.4     Dana limited

12.5     Hanon Systems


12.7     T.RAD Co., Ltd.

12.8     Nippon Light Metal Holdings Co., Ltd.

12.9     Clizen Inc.

12.10  GEA Group Aktiengesellschaft

12.11  Others


13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain



Rep Id : AT 038

Published : February, 2020


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