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The automotive heat exchanger market size is forecast to increase by USD 9.13 billion at a CAGR of 6.63% between 2023 and 2028. The market is witnessing significant growth due to the heavy dependence on internal combustion engines for mobility in emerging economies. The increasing demand for lightweight and compact heat exchangers, such as fuel coolers and intercoolers, to improve vehicle performance and fuel efficiency is another major market driver. Additionally, the gradual increase in annual wages is leading to declining profit margins for automotive manufacturers, necessitating the development of cost-effective and efficient heat exchanger technologies. Air conditioning systems are also becoming increasingly important in automobiles, especially in regions with hot climates, further expanding the market scope. Overall, the market is expected to experience strong growth in the coming years due to these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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