HVAC Systems in Budget Cars Key Driver in Automotive Heat Exchanger Market, States Fairfield Market Research Optimising thermal management systems has become essential as automakers must improve their fuel economy to comply with tougher norms. This has been observed across the globe as most countries have signed the Paris Agreement. A primary method of lowering carbon emissions is through automotive heat exchangers. Carmakers have invested massive sums to maximize thermal efficiency with radiators, intercoolers, and oil coolers being some common examples available in the global automotive heat exchanger market. For more insights into the Market, Get a Sample of this Report: https://www.fairfieldmarketresearch.com/report/automotive-heat-exchangermarket/request-sample Trickle Down of HVAC Systems Into Budget Cars Aids Automotive Heat Exchanger Market Rapidly rising purchasing power coupled with the desire for personal mobility is expected to benefit the automotive heat exchanger market. As HVAC systems become commonplace on entry-level vehicles, it is likely to spur demand for automotive heat exchangers. Automakers seek to differentiate themselves from their competitors by offering a superior driving experience. Analysts estimate that luxury cars with sophisticated cooling systems will spur demand in the global automotive heat exchanger market. COVID-19 Remote Working Has Led to Decline in Automotive Heat Exchangers Market COVID-19 laid bare the weaknesses of the global supply chain industry and automotive heat exchangers are the norm and not exception to this reality. Material suppliers faced international bans on shipments and logistics. Some automakers suspended production during the height of the pandemic. The work-from-home mandates led to a seismic shift in working overnight as it eliminated the need to commute to office. This is predicted to have a significant impact on the automotive heat exchanger market, especially in the short-term. PHEV Segment of Electric Vehicles Sparks Demand For Automotive Heat Exchangers The demand for automotive heat exchangers in plug-in hybrid electric vehicles (PHEV) has been noteworthy recently. PHEVs should supercharge growth in the EV segment even though they sell less in absolute volumes than either hybrid electric vehicles (HEV) or battery electric vehicles (BEV). The demand for original equipment and aftermarket sales has skyrocketed, particularly in emerging economies and this is likely to continue for the forecast period. As the replacement
time for new vehicles extends, the preowned vehicle market is projected to boost the aftermarket segment of the automotive heat exchanger market. Do You Have Any Query Or Specific Requirement? Request Customization of Report: https://www.fairfieldmarketresearch.com/report/automotive-heat-exchangermarket/request-customization China’s Automotive Market Dwarfs Western Ones In the 21st century, APAC is the global manufacturing hub with China’s automotive market being larger than the U.S, Germany, and France combined. Western giants have invested heavily in the region with to take advantage of favourable policies, cheaper labour, abundant resources, and lower CAPEX. As this trend accelerates in the coming years, it is likely to benefit the APAC automotive heat exchanger market. Companies Profiled The automotive heat exchanger market is fragmented and companies have formed alliances to broaden their customer base. In October 2017, Mahle and Faurecia unveiled a thermal management system in the automotive heat exchanger market. Other companies playing a role in the automotive heat exchanger market are Denso, AKG Thermal Systems, Inc, Danfoss, Valeo, American Industrial Heat Transfer Inc., Dana, T.Rad, Constellium N.V., Nippon Light Metal, AKG, Clizen, Climetal Heat Exchangers, Sanden, Calsonic Kansei, G&M Radiator, aand Banco Products Ltd. Browse Our Latest Trending Reports: https://www.fairfieldmarketresearch.com/industry/all About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.