Global Market Study on Automotive Radiator: Down-Flow Type Radiators Expected to Gain Significant Market Share Owing to High Adoption in the Asian Automotive Market


  • Report code : PMRREP13000 |
  • Industry : Automotive |
  • Published On : Mar-2017 |
  • Pages : 182 Pages |
  • Format :

Persistence Market Research has recently published a report titled “Automotive Radiator Market: Global Industry Analysis and Forecast, 2016–2024”. This study provides data for 2015 along with the forecast for the period 2016-2024. The main objective of the report is to identify dynamics in the market and provide recent updates and insights pertaining to various segments of the global automotive radiator market. To provide better understanding of the market, the report also includes analysis of drivers, restraints, and trends which influence the current market scenario and are expected to impact the global automotive radiator market over the forecast period.

Report Description

To understand and assess market opportunities and trends, the global automotive radiator market report is categorically split into different sections based on product type, vehicle type, material, sales channel, and region. The report starts with the market overview and provides market definition and taxonomy along with value chain, region wise pricing analysis, drivers, restraints, and trends. The sections that follow include global automotive radiator market analysis – by product type, by material, by vehicle type, by sales channel, and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the global automotive radiator market. Each section discusses the qualitative and quantitative aspects of the global automotive radiator market. To give a brief idea about revenue opportunities from the product type, material, sales channel, vehicle type, and region/country-wise segments, the report also provides market volume (‘000 Units) and value (US$ Million) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2016-2024).

The final section of the report is devoted to a detailed competition landscape with market share and performance, in order to provide report audiences with a dashboard view of key players operating in the global automotive radiator market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly. 

Global Automotive Radiator Market: Segmentation

Product Type

Sales Channel

Vehicle Type

Material

Region

  • Down Flow

  • Cross Flow

  • OEM

  • Aftermarket

  • Passenger Car

    • Compact

    • Sub-Compact

    • Mid-size

    • Sedan

    • Luxury

    • Van

  • LCV

  • HCV

  • Aluminum

  • Copper/ Brass

  • Aluminum/ Plastics

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

Global Automotive Radiator Market: Research Methodology

For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and forecast made for 2017–2024. To calculate the market size, the report considers the weighted average price of automotive radiator, based on material of radiator such as aluminum, copper/brass and aluminum/plastic across key geographies on a regional basis. To deduce market volume size, consumption of automotive radiator has been considered. In order to provide an accurate forecast, the report begins by sizing up the current market, which forms the basis of how the global automotive radiator market is expected to develop in the future. Critical market data, including the base number and segmental splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global automotive radiator market. The forecast presented in the report evaluates the actual consumption of automotive radiator and expected consumption in the global automotive radiator market over the forecast period.

The report further analyzes the different segments of the global automotive radiator market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global automotive radiator market. The report also analyzes the global automotive radiator market based on absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a sales perspective, it is essential to identify absolute dollar opportunity to identify potential resources in the global automotive radiator market. Moreover, Persistence Market Research has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global automotive radiator market. This market attractiveness index would help clients identify real market opportunities in the global automotive radiator market.

The automotive radiator is a heat exchanger assembly containing aluminum fins, metal pipe network for convection heat loss from flowing coolant and a fan. The radiator is generally installed for cooling the engine or other components or the motor and batteries in the case of hybrid or electric vehicles. Automotive radiators are classified as either down-flow radiator or cross-flow radiator. In terms of volume, the global automotive radiator market is estimated to reach more than 125,000 thousand units by 2026 end, exhibiting a CAGR of 3.0% in terms of volume over the forecast period.

Factors influencing the global automotive radiator market growth

Global vehicle production and vehicle parc growth are the factors that are influencing the global automotive radiator market growth. The global automotive industry is shifting towards developing more fuel efficient as well as emission free vehicles. As a result, the global market has witnessed high surge in production of hybrid vehicles and is expected to grow significantly in the coming years. The effective cooling of the components in hybrid cars often require multi-layer radiator systems with advanced coolant and sometimes multiple radiators for cooling IC engine and battery and motors separately which in turn is estimated to support the growth of the global automotive radiator market. Moreover, carbon emission norms and high focus on fuel efficiency of vehicles is estimated to fuel the growth of the global automotive radiator market.

Global Automotive Radiator Market Forecast by Product Type

On the basis of product type, the global automotive radiator market is segmented into down-flow and cross-flow. The down-flow radiator type segment is expected to dominate the global automotive radiator market during the forecast period. The down-flow segment is expected to account for 56% share of the global market’s incremental opportunity during the forecast period. The down-flow segment is estimated to be valued at more than US$ 3,500 Mn by 2024, expanding at a CAGR of 4.7% over 2016–2024. In terms of market share, projected incremental opportunity and forecasted CAGR, the down-flow type radiator segment is expected to be a relatively attractive segment in the global automotive radiator market during the forecast period. High adoption in the Asian automotive market supported with aftermarket opportunities for replacement in old vehicles is expected to drive growth of this segment during the forecast period.

The cross-flow segment is estimated to be valued at nearly US$ 3,500 Mn by the end of 2024, expanding at a CAGR of 4.1% over the forecast period. This segment is projected to create incremental opportunity of US$ 941.1 Mn between 2016 and 2024. In terms of volume, the cross-flow segment is estimated to expand at a CAGR of 2.9% over the forecast period to reach 58,454 thousand units by 2024 end. High adoption of cross-flow type radiators in European and North American automotive industries, especially in vehicles with less under the hood space is expected to bolster the growth of this segment over the forecast period. The cross-flow segment is expected to witness an increase in volume sales by over 10.8 million units during the forecast period, mainly due to the increasing use in sedan, premium, and luxury cars.

Persistence Market Research estimates that the global automotive radiator market will grow at a CAGR of 4.4% in terms of value over the forecast period. The adoption of cross-flow and down-flow radiators are primarily subjected to automobile design parameters and under the hood space resulting in marginal difference in market share.

automotive radiator market

Company Profiles

  • Valeo S.A.
  • Calsonic Kansei Corporation
  • Denso Corporation
  • MAHLE GmbH 
  • Zhejiang Yinlun Machinery Co., Ltd
  • Sanden Holdings Corporation
  • T.RAD Co., Ltd.
  • TYC Brother Industrial Co. Ltd.
  • Nissens A/S
  • Modine Manufacturing Company
  • Banco Products (I) Ltd.
  • Others
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