AUTOMOTIVE HEAT EXCHANGER MARKET ANALYSIS
Global Automotive Heat Exchanger Market: Regional Insights
Asia Pacific is expected to have the largest market share in the automotive heat exchanger market. This is attributed to the increasing demand for turbochargers and increase in number of electric vehicles especially in the China. For instance, according to Coherent Market Insights analysis, China, the world’s fastest-growing automotive market, is expected to increase turbo penetration from 23% in 2014 to 41% in 2019. This would double the number of turbocharged vehicles sold each year to over 13.01 million. In addition to this, according to the International Energy Agency, in 2016, China held the largest share in the electric car market, accounting for over 40% of the global electric cars sold in the country. This in turn increases demand for automotive heat exchangers in the country.
On the basis of geography, the global automotive heat exchanger market is segmented into:
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