Automotive Condenser Market 2022
Automotive Condenser Market Sale is expected to touch a US$ 12.1 Bn by the end of 2030 and it is anticipated to expand at a CAGR of 4.4% during the projected period,
Manufacturers in the automotive condenser market are focusing on the introduction of new application-specific product offerings in order to better address customer requirements. Moreover, market players are found to be directing their efforts toward strengthening their distribution channels while focusing on direct sales. Companies in the automotive condenser space are enhancing product quality by implementing new technologies and adopting new, tough, and long-lasting materials with added features at a competitive price point, while at the same time maintaining steadfast focus on vehicle safety.
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Key Companies-
- 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
- Air International Thermal Systems
- Reach Cooling Group
- OSC Automotive Inc.
- Japan Climate Systems Corporation
- KOYORAD Co., Ltd.
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Key Takeaways from Automotive Condenser Market Study
- By material, the aluminum segment is estimated to be most attractive segment in the market. The segment is estimated to gain a prominent market share over the forecast period, owing to the novel properties of aluminum such as lightweight feature, corrosion resistance, superior aesthetics, easy manufacturability, and good conductivity.
- By type, the parallel flow segment remains lucrative and will dominate global market demand over the forecast period, primarily due to the fact that these condensers offer longer life and efficient HVAC comfort for passengers and the driver in real-time working conditions.
- By sales channel, the OEMs segment is estimated to hold more than 90% of the total market value share during the forecast period.
- By vehicle, the passengers car segment is anticipated to provide increased opportunities in the global automotive condenser market, owing to growing consumer preference for advanced automotive condensers.
- APAC is a prominent regional market for automotive condensers and is anticipated to dominate the global market in terms of demand, followed by Europe. Noteworthy increase in sales across markets such as China, India, Mexico, and Turkey is expected over the forecast period. Developed regions are projected to hold significant market share market, with a large contribution expected from North America and Europe.
“With declining vehicle sales due to the COVID-19 pandemic, the automotive condenser market is witnessing southward demand, with the situation expected to improve after the containment of the outbreak,” says a PMR analyst.
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Key Questions Answered in This Report –
Key Questions Answered in PMR’s Automotive Condenser Market Report –
- Which region is anticipated to hold a prominent market share in the global automotive condenser market over the forecast period?
- What will be the key driving factors propelling the demand for automotive condensers during the forecast period?
- How will current trends impact the automotive condenser market?
- Who are the significant market participants in the automotive condenser market?
- What are the crucial strategies of prominent players in the automotive condenser market to upscale their positions in this landscape?
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