Global Market Study on Automotive Condensers: Passenger Cars to Zoom Past LCVs and HCVs in Terms of Revenue Growth During 2017 - 2025

Automotive Condenser  Market
  • Report code : PMRREP15478 |
  • Industry : Automotive |
  • Published On : Dec-2017 |
  • Pages : 221 Pages |
  • Format : Automotive Condenser  Market Automotive Condenser  Market Automotive Condenser  Market Automotive Condenser  Market

Global Automotive Condenser Market: Overview

Global sales of automotive condensers is estimated to be valued at more than US$ 8,600 Mn in 2017 and is projected to increase at a CAGR of 4.9% over the forecast period to be valued at more than US$ 12 Bn by 2025. In terms of volume, the global automotive condenser market was pegged at 106,313 ‘000 units in 2017 and is expected to reach 143,699 ‘000 units by 2025 end. The market is slated to expand at a CAGR of 3.8% during 2017 – 2025 in terms of volume over the forecast period.

The passenger car segment is anticipated to hold more than three-fourth of the market value share by 2025 end

The passenger car segment is estimated to dominate the global automotive condenser market. It is expected to be valued at more than US$ 6,500 Mn by 2017 end and is estimated to expand with a CAGR of 5.2% over the forecast period 2017 to 2025. Passenger cars are the most lucrative vehicle type in the global automotive condenser market with an incremental growth rate in countries such as China, India, Germany, Turkey and Mexico. In terms of revenue share, the passenger car segment is anticipated to hold more than 75% market share in the year 2017.

High maintenance cost is the main challenge hindering revenue growth of the global automotive condenser market

High cost, inflexible design, bulky form factor, less durability, corrosion prone feature, fatigue, and evaporation of refrigerant emission are some of the factors challenging global market demand. The maintenance cost of automotive condensers is relatively high and the maintenance needs to be done regularly (after every six months the coolant or the refrigerant must be checked and replaced), as faulty condensers are ineffective in facilitating ideal cooling or heating in an automobile. The high maintenance costs of automotive condensers is due to the changing of coolants and refrigerants. The cost of installing and fabricating an automotive condenser differs from utilization to applications. As customized applications may require more equipment and high strength materials, the cost of customized condensers is more than traditional automotive condensers owing to the high manufacturing cost. All these factors are creating a negative impact on the global automotive condenser market.

Soring government regulations and rules act as hurdles for manufacturers of automotive condensers. Automotive vehicles especially commercial vehicles such as LCVs and trucks are the major causes of air pollution as they emit a significant amount of carbon monoxide, nitrogen oxide, and other pollutants into the air. This is another factor restraining revenue growth of the global automotive condenser market.

Strategic overview of key players operating in the global automotive condenser market

Companies in the global market for automotive condensers are strategizing to invest heavily in extensive research and development to increase the attractiveness of their product portfolio. Expansion of the product line will support key players to strengthen their roots in the global automotive condenser market. The key companies functioning in the global automotive condenser market are aiming to provide their customer base with more innovative and technologically advanced products to keep up with the latest advancements and changes in automotive technology. These companies are also focusing on expanding their service quality in different regions to boost their market share and gain a strong hold in the global automotive condenser market. 

Persistence Market Research in its new research report titled “Automotive Condenser Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” delivers value in terms of segmental analysis and forecasts on the global market for automotive condensers across regional level as well as from a global perspective. With the help of extensive research, our analysts have studied how different market dynamics are likely to impact the current and future scenario of the global automotive condenser market, thus providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape with a view to achieve competitive advantage in the long run. We have analyzed the key trends, drivers, restraints and opportunities and their magnitudes across various regions in the globe while studying this market. Impact analysis of key growth drivers and restraints based on the weighted average model are included in the report to better equip and arm clients with the necessary acumen and actionable insights. This report provides historical data of 2012-2016 along with value and volume forecast projections for the period 2017 - 2025 in terms of revenue (US dollars). It also includes detailed pricing analysis by type as well as the automotive condenser market value chain analysis.

Uniqueness of our research style

In order to provide a comprehensive view of the market, we have included detailed competitive analysis and profiled key players with unique selling propositions. The dashboard provides a detailed comparison of manufacturers dealing with automotive condensers on parameters such as operating margins, unique selling propositions, collective market share, and geographic concentration. The study encompasses market attractiveness analysis of various segments of the global automotive condensers market.

The report includes segment wise definition of the market along with the overall scenario during the assessment period. The publication focuses on identifying various opportunities in the global market and presents updates and insights associated with the various segments of the global automotive condensers market. In-depth analysis on average prices in US$/units have been considered for automotive condensers to arrive at appropriate market size numbers. While researching this market, segmental splits have been deduced from surveys and extensive primary research. The prices of automotive condensers have been tracked at the wholesale level after conversion through trade websites.

Our research process

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include company websites, company annual reports_bk_01_01_2020, white papers, and financial reports_bk_01_01_2020. Further deep diving has been carried out by interviewing various market observers and subject matter experts to get an accurate picture of the global automotive condenser market. The data accumulated from these sources is revalidated using the triangulation method in order to gain more or less 100 percent accuracy that can enhance the credibility of the research. The data is scrutinized using advanced tools to glean qualitative and quantitative insights on the global automotive condenser market.

Assumptions used in the report

  • Application type product-wise weighted Average Selling Price (ASP) has been considered to deduce market values
  • Bottom-up approach has been used to assess market numbers for each product category
  • Top-down approach has been used to counter validate the market estimations
  • Macroeconomic indicators such as GDP, manufacturing sector growth, global trade statistics and automotive industry growth have been considered
  • All values for market size are in US$ Mn (US Dollar Million) and volume data are in ‘000 units unless specified. The market size numbers for automotive condensers are different and calculated separately

Market Segmentation

  • By Material
    • Copper
    • Brass
    • Aluminum
    • Stainless Steel
  • By Type
    • Single Flow
    • Tube and Fin
    • Serpentine
    • Parallel Flow
    • Sub Cool Flow
  • By Sales Channel
    • OEM
    • Aftermarket
  • By Vehicle Type
    • Passenger Car
    • LCV
    • HCV
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa

Companies covered in Automotive Condenser Market Report

Company Profiles 

  • 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.
  • Others.

Automotive Condenser Market

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