Leading players in the automotive heater core industry, like as BorgWarner and Eberspaecher, are expanding and innovating to capitalise on the increasing adoption of electric vehicles. BorgWarner, the world’s leading provider of clean and efficient technological solutions for electric, hybrid, and combustion cars, has announced plans to offer sophisticated high-voltage positive temperature coefficient (PTC) heating technology to a well-known electric vehicle manufacturer. Ceramic PTC components are used as essential parts in this breakthrough automobile heating technology, which helps to decreased energy waste and noise-free functioning of HVAC systems in cars.
The introduction of such technology is anticipated to assist manufacturers in designing and constructing next-generation, efficient, and clean automobiles. Leading manufacturers are opening new production units for high voltage heater manufacturing in order to meet demand from hybrid and battery electric cars. Eberspaecher’s new Tianjin electric heater production factory is a prominent example of such investments. With this new production factory, the business hopes to strengthen its local footprint while also extending its capacity to harness the fast developing Chinese passenger car sector, notably for battery electric cars. The factory will produce integral components of electric heaters such as PTC ceramics for heater cores.
Such new installations in the automobile heating system will have a substantial impact on the development and sales of car heater core in the next years, consequently boosting market growth.
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Key findings of the Automotive Heater Core market study:
- The report provides a present market outlook on Automotive Heater Core. Additionally, the Automotive Heater Core market share is anticipated to grow with a CAGR of 2.9% in the forecast period.
- Regional breakdown of the Automotive Heater Core market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Automotive Heater Core vendors in detail.
- Region-wise and country-wise fragmentation of the Automotive Heater Core market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Automotive Heater Core market.
- Automotive Heater Core price, market share, and Trends forecast for assessment period 2018-2028
Competitive Landscape
The Automotive Heater Core industry is dominated by some prominent players including
- BorgWarner
- Eberspaecher
- Delphi Auto Parts
- MAHLE GmbH
- Spectra Premium
- DENSO CORPORATION
- Valeo
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Automotive Heater Core market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Automotive Heater Core brands leading to an impact on the margin profits of firms.
Report Benefits & Key Questions Answered
- Automotive Heater Core Company & brand share analysis: Company and brand share analysis on Automotive Heater Core reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Automotive Heater Core Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Automotive Heater Core
- Automotive Heater Core Category & segment level analysis: Fact.MR’s Automotive Heater Core sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Automotive Heater Core Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Automotive Heater Core: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
Automotive Heater Core Manufacturers Capitalizing on Heater Demand in Electric Vehicles
Heater cores are an important component of any vehicle’s heating system, including electric vehicles. While electric vehicles are generally more energy-efficient than gasoline-powered vehicles, they still require energy to power the heating system. As a result, there is a demand for heater cores in electric vehicles, just as there is in traditional vehicles.
Many automotive parts manufacturers, including those that specialize in heater cores, are likely capitalizing on this demand by developing and producing heater cores specifically for electric vehicles. In addition to traditional manufacturers, new companies may also be entering the market to take advantage of this growing demand.
