LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET FORECAST 2018-2026

LATIN AMERICA AUTOMOTIVE HEAT EXCHANGER MARKET FORECAST 2018-2026

  • February 2018 •
  • 66 pages •
  • Report ID: 5313305 •
  • Format: PDF
KEY FINDINGS
The Latin America automotive heat exchanger market is expected to rise to $14.43 billion by 2026, exhibiting a CAGR of 7.83% over the forecast period of 2018-2026.

MARKET INSIGHTS
Brazil’s vehicle production and sales statistics had seen a huge downfall when the country was hit with a fiscal crisis, and the economy crashed. This in turn also affected the exports and its position as one of the largest auto hubs in the world. Argentina had also faced a huge downfall due to the depreciation of Peso, and the market fell by 40% during that period. Also, this, in turn, made the country’s sales and production shift to Mexico.

According to ADEFA (Association of vehicle makers), the auto production in Argentina declined by 16.6%, with exports falling down to 52.4% in 2015. Today, Mexico is the leading production markets in Latin America and has strong sales figures along with a double-digit growth rate in 2015. This increased production and sales of new vehicles in the region contributed to the demand for heat exchangers.

COMPETITIVE INSIGHTS
Companies like Jaguar, Volkswagen AG, General Motors, Toyota, BMW, and Ford are the top automotive players in this region