India Automotive Heat Exchanger Market (2025-2031) Outlook | Industry, Share, Size, Trends, Revenue, Forecast, Companies, Growth, Value & Analysis

Market Forecast By Application (Air Conditioning Systems, Exhaust Gas Heat Exchangers, Intercoolers, Oil Coolers, Radiators), By Design Type (Plate Bar, Tube Fin, Others), By Electric Vehicle Type (BEV, HEV, PHEV), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Off-Highway Vehicle Type (Agricultural Equipment, Construction Equipment) And Competitive Landscape
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

India Automotive Heat Exchanger Market Size Growth Rate


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 Growth Rate

India Automotive Heat Exchanger Market Size Growth Rate

India Automotive Heat Exchanger Market Synopsis

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.

Market Drivers

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.

Challenges of the Market

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.

Key Players in the Market

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

Key Highlights of the Report:

  • India Automotive Heat Exchanger Market Outlook
  • Market Size of India Automotive Heat Exchanger Market, 2024
  • Forecast of India Automotive Heat Exchanger Market, 2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Revenues & Volume for the Period 2021-2031
  • India Automotive Heat Exchanger Market Trend Evolution
  • India Automotive Heat Exchanger Market Drivers and Challenges
  • India Automotive Heat Exchanger Price Trends
  • India Automotive Heat Exchanger Porter's Five Forces
  • India Automotive Heat Exchanger Industry Life Cycle
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Air Conditioning Systems for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Exhaust Gas Heat Exchangers for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Intercoolers for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Oil Coolers for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Radiators for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Design Type for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Plate Bar for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Tube Fin for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Electric Vehicle Type for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By BEV for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By HEV for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By PHEV for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Vehicle Type for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Passenger Car for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Light Commercial Vehicle for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Heavy Commercial Vehicle for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Off-Highway Vehicle Type for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Agricultural Equipment for the Period 2021-2031
  • Historical Data and Forecast of India Automotive Heat Exchanger Market Revenues & Volume By Construction Equipment for the Period 2021-2031
  • India Automotive Heat Exchanger Import Export Trade Statistics
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Design Type
  • Market Opportunity Assessment By Electric Vehicle Type
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Off-Highway Vehicle Type
  • India Automotive Heat Exchanger Top Companies Market Share
  • India Automotive Heat Exchanger Competitive Benchmarking By Technical and Operational Parameters
  • India Automotive Heat Exchanger Company Profiles
  • India Automotive Heat Exchanger Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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

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