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Persistence Market Research has published a new report titled “Automotive Condenser Market:
Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)” that tracks the performance of
the global automotive condenser market for a period of eight years from 2017 to 2025. According to
this report, manufacturers are focusing on the introduction of new application-specific product
offerings in order to better address customer specific requirements. Moreover, market players are
found to be directing their efforts towards strengthening their distribution channels while focusing
on direct sales. One of the key insights from the report focuses on the strategies employed by
market companies to enhance 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 a steadfast focus on vehicle safety. The global automotive condenser market is
anticipated to grow at a CAGR of 4.9% during the projected period.
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Global Automotive Condenser Market: Forecast by Material
By material type, the global automotive condenser market is segmented into copper, brass,
aluminum and stainless steel. Aluminum segment is estimated to be most attractive segment by
material. The aluminum 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. The aluminum segment is
estimated to dominate the global automotive condenser market with 81.3% market value share
during the assessed period.
Global Automotive Condenser Market: Forecast by Type
The type segment of the global automotive condenser market comprises single flow, tube & fin,
serpentine, parallel flow and sub cool flow. 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. Sales revenue of the parallel flow segment is estimated to be valued at US$
10,119.6 Mn by 2025 end.
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Global Automotive Condenser Market: Forecast by Sales Channel
OEM and aftermarket are the two segments included in the segmentation by sales channel. The
OEM segment is estimated to hold more than 90% of the total market value share during the
forecast period. The OEM segment is expected to create a total incremental opportunity of US$
3,819.2 Mn between 2017 and 2025.
Global Automotive Condenser Market: Forecast by Vehicle Type
By vehicle type, the global automotive condenser market is segmented into passenger car, LCV, and
HCV. The passenger car segment is anticipated to provide increased opportunities in the global
market, owing to the growing consumer preference for advanced automotive condensers.
Global Automotive Condenser Market: Forecast by Region
The five geographies of North America, Latin America, Europe, APAC and MEA have been
covered in this report. 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 forecast
period. Developed regions are projected to hold significant market share in the global automotive
condenser market with a large contribution expected from North America and Europe. The market
in these regions is anticipated to grow substantially in terms of value and volume over the forecast
period.
Global Automotive Condenser Market: Key Players
Some of the players functioning in the global automotive condenser market 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, Air International Thermal Systems, Reach
Cooling Group, OSC Automotive Inc., Japan Climate Systems Corporation, and KOYORAD Co.,
Ltd.
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