NORTH AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET FORECAST 2018-2026

NORTH AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET FORECAST 2018-2026

  • February 2018 •
  • 75 pages •
  • Report ID: 4671084 •
  • Format: PDF
KEY FINDINGS
The North America automotive heat exchanger market is expected to reach $21.07 billion by 2026, an up from $11.51 billion in 2017, growing at a CAGR of 6.95% over the forecast period of 2018-2026.

MARKET INSIGHTS
The United States dominate the North America market owing to the large vehicle production and sales; which in turn lead to increased demand from both the OEM and aftermarket segment. This, in turn, is responsible for increasing the demand of the automotive heat exchanger in the United States market. But the automotive heat exchanger manufacturers were under pressure due to the unavailability of the critical raw materials a few years back.

This further increased the spending on R&D and procurement of better raw materials, which further cut down the profit margin for the heat exchanger manufacturers. In Canada, the vehicle production industry has seen a hike of xx% in the last five years, which further resulted in a hike of the automotive exchanger market as well.

COMPETITIVE INSIGHTS
Mable, American Industrial Heat Transfer Inc., Modline manufacturing, Denso, Valeo, Visteon, etc., are some of the leading companies in this region