The latest report on Automotive Radiator Market by Infinium Global Research gives complete coverage of the automotive radiator market by radiator types (copper-brass, plastic, and aluminum), vehicle type (passenger car and commercial vehicles), distribution channel (OEM and aftersales) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive radiators such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Better Fuel Efficiency and Performance Is Driving the Growth of the Automotive Radar Industry
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, an Increase in product complexity due to continuous change in the customer requirements and technological advances are supposed to negatively impact market growth.
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Passenger Cars are Boosting the Growth of the Automotive Radiator Industry
The demand for lightweight and compact radiators is increasing along with the preference for passenger cars are boosting the growth of the automotive radiator market. 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.
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.
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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 types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- 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.