A heat exchanger is a component which allows the transfer of heat from one medium to another at varying temperatures. In most common automotive heat exchangers, the two mediums contain fluids, which flow close to each other but separated by a metal having good heat transfer properties. Out of the two fluid in the two different mediums, one is hot and the other a cold fluid. When the temperature of the hot liquid rises, the heat of this liquid is passed on to the cold fluid through the heat exchanger, thereby increasing the temperature of the cold fluid and decreasing the same of the hot fluid.

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Increasing production of vehicles and rising demand for passenger vehicles is a major driving factor for the automotive heat exchanger market. In addition, rising trend of engine downsizing coupled with advancement in light weight automotive materials and rising application of heat exchangers in hybrid and electric vehicles are the major factors driving the growth of global automotive heat exchanger market.

The automotive heat exchanger market can be classified by type, by application and by geography. The type segment can be classified into radiator, oil cooler and intercooler. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

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In the automotive heat exchanger market, Asia Pacific holds the largest market share in terms of revenue followed by North America, Europe, Latin America and, Middle East and Africa (MEA). In the Asia Pacific region, countries such as China and India has been witnessing heavy demand and production for passenger vehicles. This in turn is increasing the application of automotive heat exchangers in passenger vehicles of above mentioned countries.

In North America, the U.S. is the largest market for automotive heat exchanger. The U.S. is the second largest manufacturer of automobiles in the world. In Europe, Germany is the most significant market and the largest contributor to the automotive heat exchanger market in the region because of the presence of major automobile manufactures in Germany.

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The growth rate of automotive heat exchanger market in Latin America, and Middle East and Africa is low considering the less usage and production of vehicles in the aforementioned regions. However, with the growth in the automotive sector and investments in automobile companies of Latin America and Middle East and Africa, the market for automotive heat exchanger is expected to improve in the coming years.

Major market participants profiled in this report include: Robert Bosch GmbH, Denso Corporation, Valeo SA, Mahle GmbH, Alfa Laval AB, Gunter GmbH & Co. KG, API, Danfoss A/S, SPX Corporation, SGL Carbon Technic LLC, GEA Group and Tranter Inc. among others.