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The cooling system of the vehicle plays an important role in maintaining the temperature of vehicle. It consists of three basic components: radiator, heater core, and fan. The heater core is placed in the cabin of the vehicle under the dashboard, and it is connected to the engine’s heater hoses. The coolant flows through the heater core coils and the blower fan blows air through them. The water pump in the vehicle forces the coolant to pass over the fins of the heater core, wherein the fins transfer the heat, which later enters into the vehicle’s cabin.

The cooling system in the vehicle become significantly important as it plays an important role in regulating the temperature of the engine. Rise in demand for fuel-efficient vehicles and stringent emission norms set by regulatory bodies are likely to propel the automotive heater core market during the forecast period. Similarly, increase in vehicle production across the globe, owing to increase in purchase power and rapid urbanization, is estimated to boost the automotive heater core market during the forecast period. Increase in adoption of electric vehicles due to government initiatives and stringent norms regarding the environment are likely to drive the heater core market during the forecast period.

The global automotive heater core market can be segmented based on material, vehicle type, sales channel, and region. In terms of material, the automotive heater core market can be classified into aluminum, copper, and others. The aluminum segment is likely to hold a major share of the automotive heater core market. Demand for lightweight components and emerging trends in the cooling system are likely to propel the demand for aluminum heater core during the forecast period. The aluminum heater core is highly insensitive to the usage of improper coolant and hence, it corrodes rapidly.

Based on vehicle type, the automotive heater core market can be divided into passenger vehicle, commercial vehicle, and electric vehicle. The passenger vehicle segment likely to expand at a significant rate during the forecast period owing the rise in production of passenger vehicles across the globe, owing to rapid urbanization, increase in per capita, and strong demand from consumers. Increase in sales of electric vehicle due to green transportation initiatives by governments of countries across the globe, active participation of OEMs in electric vehicle manufacturing, and availability of infrastructure in developed countries are likely to propel the demand for electric vehicles. This, in turn, is anticipated to drive the automotive heater core market during the forecast period.

In terms of sales channel, the automotive heater core market can be categorized into aftermarket and OEM. The approximate lifespan of the heater core is about six years. Lack of adequate cooling system service, inadequate coolant properties, and erosion of the metal leads to reduced life and replacement of heater core, which in turn is expensive. Players operating in the aftermarket took significant effort on heater core design and materials with competitive cost and hence, the aftermarket segment is anticipated to hold a major share of the automotive heater core market during the forecast period.

In terms of region, the automotive heater core market can be classified into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is anticipated hold a major share of the global automotive heater core market due to large production of passenger and commercial vehicles in the region.

Key players operating in the automotive heater core market include Delphi Auto Parts, MAHLE GmbH, Spectra Premium, DENSO CORPORATION, and Valeo.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Heater Core Market