Global Market Study on Automotive Radiator: LCV Vehicle Type Segment Expected to Significantly Contribute to the Growth of the Global Market in the Coming Years

Automotive Radiator  Market
  • Report code : PMRREP13000 |
  • Industry : Automotive |
  • Published On : Dec-2017 |
  • Pages : 253 Pages |
  • Format : Automotive Radiator  Market Automotive Radiator  Market Automotive Radiator  Market 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 typically installed for cooling the engine or other components or the motor and batteries in the case of hybrid or electric vehicles.

Opportunity – production plants in emerging automotive markets

Automotive manufacturers are shifting production plants or establishing new ones in emerging automotive markets to capitalize on growing demand for automobiles and benefit from lower capital and labor costs in these regions. 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. Domestic suppliers, especially of external components such as radiators, pumps, fans, pulley-belt, and others are expected to benefit considerably. Observations reveal that the automobile manufacturers have high preference for locally sourced components owing to economical pricing and sustainable supply, thus benefitting domestic manufacturers. Furthermore, international players could leverage their capabilities to expand into such markets either through collaboration with local players or by establishing production sites in these regions. Several advantages associated with low labor costs and material costs are attracting automobile manufacturers into the regions.

According to the research study, the global automotive radiator market is anticipated to grow at a noteworthy rate to reach a significant value by the end of the assessment year. The automotive radiator market experienced a slow growth initially during 2012-2016 period. However, it gained enormous steam after 2016 and is projected to grow at a robust CAGR of 5.4% throughout the period of assessment, 2017-2025. By the end of the assessment year, the global market for automotive radiators is estimated to touch a value higher than US$ 10 Bn by the end of the year of assessment from a valuation of about US$ 6.6 Bn in 2017.

Passenger cars to show high prominence in the global automotive radiator market in the coming years

Passenger car segment in the vehicle type category is expected to reflect high growth potential. This segment is expected to be a lucrative segment with high market attractiveness. The segment reflected a large market share of around 75% in 2017. Persistent developments in technology supported by increasing production are the key factors responsible for the segment gaining high attraction for radiator applications. Increasing production and focused innovation in passenger cars are estimated to fuel the growth of the segment. In 2017, this segment reflected a value a little under US$ 5 Bn and is estimated to touch a valuation more than US$ 7 Bn by the end of the year of assessment.

Mid-size passenger car segment to largely contribute to the growth of the parent segment

The mid-size sub segment in the passenger cars category is anticipated to highly contribute to the growth of the parent segment. This segment is projected to grow at a significant value CAGR of 6.9% throughout the period of forecast to reach a value of more than US$ 2300 Mn by the end of the assessment year. Additionally, the compact sub segment is the second largest in the passenger cars segment which is poised to reach a noteworthy valuation and reflect a value CAGR of 6.1% during the period of forecast.

The analytical research report titled “Automotive Radiator Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)” published by Persistence Market Research covers every aspect of the market that the reader can use to gain stability in the global market. It portrays key acumen that the reader can use to gain tempo in the market with respect to growth and devise key strategies followed up with execution. The research report enables the reader to shape up according to changing market dynamics with a view to gain competitive advantage in the coming years.

Global perspective in a nutshell

Global automotive radiator market research report focuses on various opportunities, trends, drivers and restraints across key geographies in the globe. This delivers a global perspective by covering all the key areas presenting a holistic view of the market. This assists the reader to get a detailed understanding about the regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all the biasness giving a more realistic shape to the market acumen.

An exquisite research process for an incisive research study

Credibility of the researched data and statistics lie in the uniqueness of the research methodology which ensures higher accuracy. In-depth assessment of the global automotive radiator market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step, as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts is extrapolated and triangulation of these enables the analysts to arrive at a much accurate global market representation.

The research report on global automotive radiator market includes a dedicated chapter on competitive scenario which covers key players and their standing in the global market. The section involves strategies applied by major players, along with their product synopsis, new innovations and key developments, product lien expansions, their area wise spread and future expansion tactics, mergers and acquisitions taken place, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard completes with the inclusion of the analysis of the various aspects of the key competition in the market. Competitive assessment has been done in a systematic way to enable the reader to draw necessary conclusions.

Market Segmentation

By Product Type

By Vehicle Type

By Sales Channel

By Material Type

By Region

  • Down-Flow
  • Cross-Flow
  • Passenger Car
    • Compact
    •  Sub-Compact
    • Mid-Size
    • Sedan
    • Luxury
    • Van
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
  • Original Equipment
  • Manufacturer (OEM)
  • Aftermarket
  • Aluminum
  • Copper/Brass
  • Aluminum/Plastics
  • Asia Pacific
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East and Africa (MEA)

Actionable acumen delivered

The comprehensive research report on global automotive radiator market provides valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones.

There are several reasons which reinforce the value of this research report, such as un-biasness in the research data collection, detailed and comprehensive and a weighted segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.

Companies covered in Automotive Radiator Market Report

Company Profiles 

  • Valeo SA
  • Calsonic Kansei Corporation
  • Denso Corporation
  • Mahle GmbH
  • Zhejiang Yinlun Machinery Co., Ltd.
  • Sanden Holdings Corporation
  • RAD Co., Ltd.
  • TYC Brother Industrial Co. Ltd.
  • Nissen A/S
  • Modine Manufacturing Company
  • Banco Products (I) Ltd.
  • Keihin Corporation
  • PWR Advanced Cooling Technology
  • Nissim India Private Limited.
  • Kor tech Auto Industries Pvt. Ltd.
  • Spectra Premium
  • Griffin Thermal Products
  • Saldana Racing Products
  • Others
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