Global Automotive Radiator
Market By Product (Cross-Flow Radiators, Down-Flow Radiators) By Material (Aluminum, Copper
& Brass) By End User (Aftermarket,
Original Equipment Manufacturing) By Vehicle Type (Heavy Commercial Vehicle, Light Commercial
Vehicle, Passenger Cars) and Region - Global Forecast to 2024
Automotive Radiator Market Overview
Automotive radiator is cooling
devices installed in order to keep the internal combustion engine at proper
operating temperature. Automotive radiator is a heat exchanger and consists of
series of tubes or channels mounted in parallel arrangement. The coolant
circulates through these channels and observes the heat produced by the running
engine. Further, a fan is used to observe the heat of coolant and brigs its
temperature down. These automotive radiators are generally used in piston-engine
aircrafts, motorcycles, cars, railway locomotive and other automobiles.
Market Size & Forecast
Global automotive radiator market is
predicted to grow at a remarkable compound annual growth rate (CAGR) of 4.5%
over the forecast period. Global automotive radiator market is mainly expanding
on the back of growing automotive market. The market of automotive radiator is
projected to reach at a valuation of USD 14.2 Billion by the end of forecast
period
Growing demand for automotive heat
exchanger coupled with increasing number of automobiles is expected to fuel the
growth of global automotive
radiator market in during the forecast period.
On the basis of regional platform,
global automotive radiator market is segmented into five major regions
including North America, Europe, Asia Pacific, Latin America and Middle East
& Africa region.
Asia Pacific is accounted for the
largest market of automotive radiator. Further, Asia Pacific is leading
producer of automobiles and is also the major market for original equipment
manufactured automotive radiator. Additionally, India and China are expected to
contribute significantly to the growth of automotive radiator market in Asia
Pacific region.
For Sample Pages please go through link below:
North America and Europe regions are
also anticipated to grow at significant pace during the forecast period.
Moreover, these regions are dominating the aftermarket of automotive radiators
due to high demand for spare parts, accessories and other components of
automobiles in these regions. Factors such as large number of vehicles and
growing average age of automobiles in these regions are anticipated to fuel the
growth of automotive radiator market in these regions.
However, Middle East & Africa
automotive radiator market is anticipated to grow at remarkable compound annual
growth rate of 6.5% during the forecast period. This growth in Middle East
& Africa region can be attributed to rising number of automobiles in this
region.
On the basis of material used,
aluminum radiators are anticipated to dominate the segment. Growing use of
aluminum radiators in modern cars is a major factor which is likely to fuel the
demand for aluminum radiators during the forecast period.
Furthermore, by flow structure,
automotive radiators are further segmented into down flow and cross flow
radiators. The down flow radiator segmented is envisioned to be the leading
segment during the forecast period. Down flow radiators are anticipated to
capture more than 50% share of the global radiator market during the forecast
period owing to growing replacement of radiators in old vehicles across the
globe.
Market Segmentation
Our-in depth analysis of the global
automotive radiator market includes the following segments:
By Product
·
Cross-Flow Radiators
·
Down-Flow Radiators
By Material
·
Aluminum
·
Copper & Brass
By End User
·
Aftermarket
·
Original Equipment Manufacturing
By Vehicle Type
·
Heavy Commercial Vehicle
·
Light Commercial Vehicle
·
Passenger Cars
o
Sports Utility Vehicles
o
Multi Utility Vehicles
o
Luxury Vehicles
By Region
Global automotive radiator market is
further classified on the basis of region as follows:
·
North America (U.S. & Canada)
Market size, Y-O-Y growth & Opportunity Analysis
·
Latin America (Brazil, Mexico, Rest
of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
·
Europe (U.K., Germany, France,
Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe)
Market size, Y-O-Y growth & Opportunity Analysis
·
Asia-Pacific (China, India, Japan,
Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth
& Opportunity Analysis.
·
Middle East and Africa (GCC, North
Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth
& Opportunity Analysis
Growth Drivers & Challenges
Global automotive radiator market is
driven by various factors including increasing number of vehicles, growing
disposable income of the consumers and rising implementation for effective heat
exchanger in vehicles across the globe.
Moreover, replacement of radiators
in old vehicles is also escalating the demand for automotive radiators.
Further, technological advancements with automobiles increasing average life of
automobiles. This growing average life automobile on road is fueling the demand
for spare parts, accessories and other components of vehicle in aftermarket.
Further growing aftermarket of spare parts of vehicles is anticipated to drive
the growth of global automotive radiators market.
Furthermore, rising implementation
of aluminum radiators in modern vehicles is a major factor propelling the
growth of global market. Rising disposable income of consumers and their
increased affordability are some of the major factors propelling the demand for
automobiles. Further, this increasing number of vehicles is leaving a positive
impact on global market of automotive radiators. Apart from this, market of
automotive radiators is also expanding in emerging economies due to changing
life style of the consumers and their inclination towards luxuries life style.
Besides this, growing competition
between leading automobile companies in order to produce better and high end
& performance cars is also likely to foster the growth of global automotive
radiator market in near future.
However, recent decline in global
economic has reduced overall sales of automobile globally. This negative impact
of global economic downturn on automotive market is expected to hamper the
growth of global automotive
radiator market in near future.
Key Players
·
Behr GmBh & Co.
o
Company Overview
o
Key Product Offerings
o
Business Strategy
o
SWOT Analysis
o
Financials
·
Denso Corporation
·
Dongfeng Radiator Co. Ltd.
·
Visteon Corp.
·
Delphi Automotive Plc.
·
Valeo SA
·
Calsonic Kansei Corporation
·
Sanden Corporation
·
NISSENS A/S
·
CSF Radiators
Scope & Context
Overview of the Parent Market
Analyst View
Segmentation
The global automotive radiators
market is segmented as follows:
·
By Product Market Size & Y-O-Y
Growth Analysis
·
By Material Market Size & Y-O-Y
Growth Analysis
·
By End User Market Size & Y-O-Y
Growth Analysis
·
By Vehicle Type Market Size &
Y-O-Y Growth Analysis
·
By Region Market Size & Y-O-Y
Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT
Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and
Challenges
Key Information for Players to
establish themselves in current dynamic environment
To know more about this research,
kindly visit: http://www.researchnester.com/reports/automotive-radiator-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/480
Article Source:-
For Table
of Content & Free Sample Report Contact:
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1
646 586 9123
U.K. +44
203 608 5919
No comments:
Post a Comment