Product Code: ETC101503 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Automotive Heat Exchanger Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.45% in 2027, following an initial rate of 13.64%, before easing to 13.51% at the end of the period.
India automotive heat exchanger market is expected to grow at a compound annual growth rate (CAGR) of more than 9.4%, over the forecast period. The rising demand for electric vehicles in the country, as well as increasing production and sales of passenger cars, are some of the major factors driving this growth. Moreover, growing automotive industry, technological advancements in engine component design and government initiatives focusing on energy efficiency are further augmenting the market growth.
Some of the major factors that will drive the growth of automotive heat exchanger market in India are rising disposable income, increasing awareness regarding road safety due to technological advancements, adoption of stricter emission norms along with higher economic & environmental concerns, increased focus on improving engine performance through better air conditioning system designs along with improved customer experience and convenience features such as rear view mirror heating or adaptive cruise control. Furthermore, government initiatives like FAME II (Faster Adoption & Manufacturing Electric Vehicles) has been instrumental in providing incentives to support electric mobility across sectors including passenger car segment thus creating a positive Outlook towards future growth opportunities for automakers involved in manufacturing parts associated with battery powered EVs including high performing auto heat exchangers.
There are some challenges that need to be taken into consideration while discussing about this industry such as availability of counterfeit products leading diminishing brand loyalty amongst customers; lack credit facilities or financial constraints faced by Original Equipment Manufacturers (OEMs); volatile raw material prices; limited presence outside tier I cities hindering overall reach resulting low product penetration etc. Additionally frequent modifications done by OEMs during different product cycles resulting into shorter life cycle periods also affects sustainability and profitability within this sector.
Some key players operating in India automobile heat exchanger market include Mahle GmbH, Hanon Systems Corporation., Valeo S.A., DENSO CORPORATION , Sanden Holdings Corporation Ltd., Calsonic Kansei Co etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Heat Exchanger Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Heat Exchanger Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Heat Exchanger Market - Industry Life Cycle |
3.4 India Automotive Heat Exchanger Market - Porter's Five Forces |
3.5 India Automotive Heat Exchanger Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Automotive Heat Exchanger Market Revenues & Volume Share, By Design Type, 2021 & 2031F |
3.7 India Automotive Heat Exchanger Market Revenues & Volume Share, By Electric Vehicle Type, 2021 & 2031F |
3.8 India Automotive Heat Exchanger Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.9 India Automotive Heat Exchanger Market Revenues & Volume Share, By Off-Highway Vehicle Type, 2021 & 2031F |
4 India Automotive Heat Exchanger Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Heat Exchanger Market Trends |
6 India Automotive Heat Exchanger Market, By Types |
6.1 India Automotive Heat Exchanger Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Heat Exchanger Market Revenues & Volume, By Application, 2018 - 2031F |
6.1.3 India Automotive Heat Exchanger Market Revenues & Volume, By Air Conditioning Systems, 2018 - 2031F |
6.1.4 India Automotive Heat Exchanger Market Revenues & Volume, By Exhaust Gas Heat Exchangers, 2018 - 2031F |
6.1.5 India Automotive Heat Exchanger Market Revenues & Volume, By Intercoolers, 2018 - 2031F |
6.1.6 India Automotive Heat Exchanger Market Revenues & Volume, By Oil Coolers, 2018 - 2031F |
6.1.7 India Automotive Heat Exchanger Market Revenues & Volume, By Radiators, 2018 - 2031F |
6.2 India Automotive Heat Exchanger Market, By Design Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Heat Exchanger Market Revenues & Volume, By Plate Bar, 2018 - 2031F |
6.2.3 India Automotive Heat Exchanger Market Revenues & Volume, By Tube Fin, 2018 - 2031F |
6.2.4 India Automotive Heat Exchanger Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 India Automotive Heat Exchanger Market, By Electric Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Heat Exchanger Market Revenues & Volume, By BEV, 2018 - 2031F |
6.3.3 India Automotive Heat Exchanger Market Revenues & Volume, By HEV, 2018 - 2031F |
6.3.4 India Automotive Heat Exchanger Market Revenues & Volume, By PHEV, 2018 - 2031F |
6.4 India Automotive Heat Exchanger Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Heat Exchanger Market Revenues & Volume, By Passenger Car, 2018 - 2031F |
6.4.3 India Automotive Heat Exchanger Market Revenues & Volume, By Light Commercial Vehicle, 2018 - 2031F |
6.4.4 India Automotive Heat Exchanger Market Revenues & Volume, By Heavy Commercial Vehicle, 2018 - 2031F |
6.5 India Automotive Heat Exchanger Market, By Off-Highway Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 India Automotive Heat Exchanger Market Revenues & Volume, By Agricultural Equipment, 2018 - 2031F |
6.5.3 India Automotive Heat Exchanger Market Revenues & Volume, By Construction Equipment, 2018 - 2031F |
7 India Automotive Heat Exchanger Market Import-Export Trade Statistics |
7.1 India Automotive Heat Exchanger Market Export to Major Countries |
7.2 India Automotive Heat Exchanger Market Imports from Major Countries |
8 India Automotive Heat Exchanger Market Key Performance Indicators |
9 India Automotive Heat Exchanger Market - Opportunity Assessment |
9.1 India Automotive Heat Exchanger Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Automotive Heat Exchanger Market Opportunity Assessment, By Design Type, 2021 & 2031F |
9.3 India Automotive Heat Exchanger Market Opportunity Assessment, By Electric Vehicle Type, 2021 & 2031F |
9.4 India Automotive Heat Exchanger Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.5 India Automotive Heat Exchanger Market Opportunity Assessment, By Off-Highway Vehicle Type, 2021 & 2031F |
10 India Automotive Heat Exchanger Market - Competitive Landscape |
10.1 India Automotive Heat Exchanger Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Heat Exchanger Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |