The global automotive condenser market is anticipated to grow at a CAGR of around 4.9% during the forecast period 2020 to 2027 and to reach around US$ 13.2 Bn by 2027.
Market Dynamics
Gradual increase in sales of passenger vehicles across the globe, rapid technological advancements in automotive sector and players focus on development of efficient HVAC systems are major factors expected to drive the growth of global market. Condensers are widely used in HVAC systems in automotive vehicles. Heat exchanger cores are specially designed to shed airborne material buildup, allowing the A/C system to operate at peak efficiency with minimal maintenance, assuring years of trouble-free service.
Global passenger car sales have dropped to 80.6 million in 2018 from 81.8 million in 2017. Increasing spending capacity of consumers in developing countries and increasing vehicle production is resulting in demand for condensers which is another factor expected to boost the growth of target market.
Manufactures are spending high on product development activities and their inclination towards development of product that is lightweight, reliable and resisting corrosion this factor is expected to support the growth of target market. Manufacturers are offering various products with the focus to provide optimum solution according to customer need. They are widely focused on development of aluminum products with superior fin wave design that offers higher heat transfer and maximum refrigerant condensation.
Major players approach towards business expansion through strategic merger and acquisition in order to increase the revenue share and enhance the business is another factor expected to boost the growth of target market.
In 2020, Subros Ltd a leading manufacturer of thermal products for automotive applications acquired Zamil Air Conditioners Private Ltd a leading manufacturer in air conditioner. This acquisition is expected to help the company to enhance the business presence and increase the revenue share in the target market.
In 2019, Denso Corporation a global automotive components manufacturer acquired EASE Simulation Inc. a company that specializes in automotive diagnostics technology. This acquisition is expected to help the company to enhance the customer reach and improve the automotive diagnostics technology.
In 2018, Hindalco Industries Limited a copper manufacturing company acquired Aleris Corporation global aluminum rolled products. This acquisition is expected to help Novelis Inc a parent company of Hindalco Industries Limited to strengthen its position in automotive sector.
The recent trend witnessed in the market is use of aluminum in condenser owing to its benefits such as low cost of raw material, highly reliable, and small size & light weight. Aluminum gives the manufactures to enhance the product quality and deliver the customer better quality product.
However, factors such as fluctuation in raw material prices impacting the end product cost and low sale of vehicles due to unstable economy in developing countries are expected to hamper the growth of global market. In addition, availability of other raw materials is expected to challenge the growth of target market.
Rapid technological advancements by major players and focus on introduction of innovative products are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing electric vehicle sale in emerging economies and manufactures focus on development of light weight reliable components is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in Asia Pacific is expected to account for major revenue share in the global market due to increasing passenger vehicle sale. In addition, major player’s inclination towards shifting the manufacturing unit to developing countries due to easy availability of raw material and low cost labor is expected to support the growth of target market in this region.
In addition, increasing focus on partnership and agreements in order to strengthen the distribution channel is expected to impact the growth of target market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
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Market
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Global Automotive Condenser Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Type, Material Type, Vehicle Type, Sales Channel and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Automotive Condenser Market Segment Analysis, 2019
The global market is segmented into type, material type, vehicle type, and sales channel. The material type segment is bifurcated into copper, brass, aluminum, and stainless steel. Among the material segment the aluminum segment is expected to witness faster growth due to high reliability and low weight.
The vehicle type segment is divided in to passenger vehicle and commercial vehicle; among the vehicle type passenger vehicle segment is expected to account for major revenue share in the target market due to high sale of vehicles in developing economies.
The players profiled in the report are Subros Ltd., Denso Corporation, Delphi Automotive PLC, Robert Bosch GmbH, MAHLE GmbH, Hanon Systems, Valeo SA, Modine Manufacturing Company, Standard Motor Products, Inc., Keihin Corporation, Calsonic Kansei Corporation, Sanden Philippines, and Air International Thermal Systems.
Market Segmentation
Market By Type
Single Flow
Tubes & Fins
Serpentines
Parallel Flow
Market By Material Type
Copper
Brass
Aluminum
Stainless Steel
Market By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Market By Sales Channel
OEMs
Aftermarket
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive Condenser
1.1. Definition and Scope
1.1.1. Definition of Automotive Condenser
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive Condenser Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive Condenser Market By Type
1.2.3. Automotive Condenser Market By Material Type
1.2.4. Automotive Condenser Market By Vehicle Type
1.2.5. Automotive Condenser Market By Sales Channel
1.2.6. Automotive Condenser Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive Condenser Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive Condenser Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Sales Channel Source of Automotive Condenser Major Manufacturers in 2019
CHAPTER 5. Automotive Condenser Market By Type
5.1. Introduction
5.2. Automotive Condenser Revenue By Type
5.2.1. Automotive Condenser Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2. Single Flow
5.2.2.1. Single Flow Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Tubes & Fins
5.2.3.1. Tubes & Fins Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Serpentines
5.2.4.1. Serpentines Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Parallel Flow
5.2.5.1. Parallel Flow Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Automotive Condenser Market Revenue By Material Type
6.1. Introduction
6.2. Automotive Condenser Revenue (US$ Mn) By Material Type
6.2.1. Automotive Condenser Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
6.2.2. Copper
6.2.2.1. Copper Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Brass
6.2.3.1. Brass Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Aluminum
6.2.4.1. Aluminum Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Stainless Steel
6.2.5.1. Stainless Steel Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Automotive Condenser Market By Vehicle Type
7.1. Introduction
7.2. Automotive Condenser Revenue (US$ Mn) By Vehicle Type
7.2.1. Automotive Condenser Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
7.2.2. Passenger Vehicle
7.2.2.1. Passenger Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Commercial Vehicle
7.2.3.1. Commercial Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. Automotive Condenser Market By Sales Channel
8.1. Introduction
8.2. Automotive Condenser Revenue (US$) By Sales Channel
8.2.1. Automotive Condenser Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
8.3. OEMs
8.3.1. OEMs Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.4. Aftermarket
8.4.1. Aftermarket Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 9. North America Automotive Condenser Market By Country
9.1. North America Automotive Condenser Overview
9.2. U.S.
9.2.1. U.S. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2. U.S. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.2.3. U.S. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.2.4. U.S. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
9.3. Canada
9.3.1. Canada Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2. Canada Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.3.3. Canada Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.3.4. Canada Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
9.4. North America PEST Analysis
CHAPTER 10. Europe Automotive Condenser Market By Country
10.1. Europe Automotive Condenser Market Overview
10.2. U.K.
10.2.1. U.K. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
10.2.2. U.K. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
10.2.3. U.K. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.2.4. U.K. Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
10.3. Germany
10.3.1. Germany Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
10.3.2. Germany Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
10.3.3. Germany Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.3.4. Germany Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
10.4. France
10.4.1. France Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
10.4.2. France Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
10.4.3. France Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.4.4. France Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
10.5. Spain
10.5.1. Spain Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
10.5.2. Spain Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
10.5.3. Spain Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.5.4. Spain Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
10.6. Rest of Europe
10.6.1. Rest of Europe Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
10.6.2. Rest of Europe Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
10.6.3. Rest of Europe Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.6.4. Rest of Europe Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016-2027
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Automotive Condenser Market By Country
11.1. Asia Pacific Automotive Condenser Market Overview
11.2. China
11.2.1. China Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2. China Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.2.3. China Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.2.4. China Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.3. Japan
11.3.1. Japan Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2. Japan Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.3.3. Japan Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.3.4. Japan Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.4. India
11.4.1. India Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2. India Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.4.3. India Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.4.4. India Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.5. Australia
11.5.1. Australia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.5.2. Australia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.5.3. Australia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.5.4. Australia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.6. South Korea
11.6.1. South Korea Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.6.2. South Korea Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.6.3. South Korea Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.6.4. South Korea Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.7.2. Rest of Asia-Pacific Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.7.3. Rest of Asia-Pacific Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.7.4. Rest of Asia-Pacific Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Automotive Condenser Market By Country
12.1. Latin America Automotive Condenser Market Overview
12.2. Brazil
12.2.1. Brazil Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2. Brazil Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.2.3. Brazil Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.2.4. Brazil Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
12.3. Mexico
12.3.1. Mexico Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2. Mexico Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.3.3. Mexico Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.3.4. Mexico Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
12.4. Rest of Latin America
12.4.1. Rest of Latin America Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2. Rest of Latin America Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.4.3. Rest of Latin America Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.4.4. Rest of Latin America Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
CHAPTER 13. Middle East & Africa Automotive Condenser Market By Country
13.1. Middle East & Africa Automotive Condenser Market Overview
13.2. Saudi Arabia
13.2.1. Saudi Arabia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
13.2.2. Saudi Arabia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
13.2.3. Saudi Arabia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
13.2.4. Saudi Arabia Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
13.3. UAE
13.3.1. UAE Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
13.3.2. UAE Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
13.3.3. UAE Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
13.3.4. UAE Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Automotive Condenser Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
13.4.2. Rest of Middle East & Africa Automotive Condenser Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
13.4.3. Rest of Middle East & Africa Automotive Condenser Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
13.4.4. Rest of Middle East & Africa Automotive Condenser Market Revenue (US$ Mn) and Forecast By Sales Channel, 2016 - 2027
CHAPTER 14. Player Analysis Of Automotive Condenser
14.1. Automotive Condenser Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Automotive Condenser Market
CHAPTER 15. Company Profile
15.1. Subros Ltd.
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (US$ Mn), 2019
15.1.3.2. Subros Ltd. 2019 Automotive Condenser Business Regional Distribution
15.1.4. Product/ Service and Specification
15.1.5. Manufacturing Plant Footprint Analysis
15.2. Denso Corporation
15.3. Delphi Automotive PLC
15.4. Robert Bosch GmbH
15.5. MAHLE GmbH
15.6. Hanon Systems
15.7. Valeo SA
15.8. Modine Manufacturing Company
15.9. Standard Motor Products, Inc.
15.10. Keihin Corporation
15.11. Others
