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Global automotive heat exchanger market: 8% CAGR forecast between 2012-2016
Global Automotive Heat Exchanger Market 2012-2016 - a new market research report on 2014-04-29 04:07:02
The Global Automotive Heat Exchanger market is to grow at a CAGR of 8.01 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing Global Automotive Components market. The Global Automotive Heat Exchanger market has also been witnessing an increasing demand for lightweight automotive heat exchanger materials. However, increasing cost-cutting measures taken by various automobile manufacturers could pose a challenge to the growth of this market.

The increasing demand for heat exchangers in hybrid powertrains is one of the trends in the Global Automotive Heat Exchanger market. Hybrid vehicles require additional low-temperature heat exchangers along with normal heat exchangers for regulated battery cooling. Automotive heat exchanger vendors are focused on targeting this additional requirement, and they have introduced battery cooling systems. For instance, Behr supplies battery cooling systems for the Mercedes S400 BlueHYBRID. Other vendors are also in the process of providing battery cooling solutions for hybrid vehicles. Thus, the increasing demand for hybrid vehicles is leading to the growth of the Global Automotive Heat Exchanger market.

One of the main drivers of this market is the growth of the Global Automotive Components market. The increasing demand for automotive components has a direct positive influence on the demand for automotive heat exchangers.

One of the main challenges in this market is the fact that various automobile manufacturers are increasing their cost-cutting measures and launching low-cost no-frill products, which is affecting the sales of advanced heat exchangers.

The key vendors dominating this space include Behr GmbH & Co. KG, Denso Corp., Valeo SA, and Visteon Corp. The other vendors mentioned in this report are Calsonic Kansei Corp., Delphi Automotive plc, Modine Manufacturing Co., Radiadores Ordóñez SA, Setrab AB, and Spectra Premium Industries Inc.

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