Our latest research report entitled Automotive Radiator Market (by radiator types (copper-brass, plastic, and aluminum), vehicle type (passenger car and commercial vehicles), distribution channel (OEM and aftersales)) provides complete and deep insights into the market dynamics and growth of automotive radiator market.
The latest information on market risks, industry chain structure automotive radiator cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential automotive radiator growth factors. According to the report, the global automotive radiator market is projected to grow at a CAGR of 5.4% over the forecast period of 2018-2024.
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The radiator is typically installed for cooling the engine or other components and batteries in the case of hybrid or electric vehicles. The radiator works bypassing your coolant through thin metal fins, which allow the heat to flow to the air outside your car much more easily. The majority of radiators are constructed to function in automobiles, buildings, and electronics.
They are mainly used in automobiles but also in piston-engine aircraft, railway locomotives, motorcycles, stationary generating plants, and other places where such engines are used. Each car manufacturer specifies exactly the mixture and type of coolant that is needed. The coolant’s job is to stop that water from rusting and corroding the internal parts of the cooling system.
An increasing trend for engine resizing for better fuel efficiency and performance is driving the growth of the automotive radar market. The rising production of vehicles and equity investments is fuelling the growth of the automotive radiator market globally. However, the increase in product complexity due to continuous change in the customer requirements and technological advances are supposed to negatively impact market growth.
The demand for lightweight and compact radiators is increasing along with the preference for passenger cars are boosting the growth of the automotive radiator industry. Normal heat exchangers in the hybrid vehicles require additional low-temperature heat exchangers for regulated battery cooling. Hence, the demand for these additional low-temperature heat exchangers is estimated to provide huge growth opportunities in developing the global automotive radiator market.
The Asia Pacific is Expected to Hold the Largest Share Followed by Europe
Asia Pacific is expected to hold the largest share followed by Europe. Moreover, with expanding automobile demand in developing areas such as the Asia Pacific and Central & South America, the industry is likely to witness rapid growth over the upcoming years. Factors such as the sluggish economy and market saturation have projected Europe to witness moderate demand for automotive radiators. Automotive component markets in countries such as China, India, Indonesia, Brazil, and Mexico are expected to benefit significantly from the increasing demand for aftermarket and OEM products.
Segmentation of the Automotive Radiator Industry
The report on the global automotive radiator market covers segments such as radiator types, vehicle types, and distribution channels. On the basis of radiator types, the global automotive radiator market is categorized into copper-brass, plastic, and aluminum. On the basis of vehicle type the global automotive radiator market is categorized into the passenger car and commercial vehicles. On the basis of the distribution channel, the global automotive radiator market is categorized into OEM and aftersales.
Key Players in the Automotive Radiator Market
The report provides profiles of the companies in the global automotive radiator market such as Denso Corporation, Mahle GmbH, Zhejiang Yinlun Machinery Co., Ltd., RAD Co., Ltd., Nissen A/S, Calsonic Kansei Corporation, Griffin Thermal Products, Keihin Corporation, and TYC Brother Industrial Co. Ltd.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive radiator.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.