Global Market Study on Automotive Radiators: High Replacement Rate of Old Radiators to Push Market Growth


Automotive Radiator  Market
  • Report code : PMRREP13000 |
  • Industry : Automotive |
  • Published On : Aug-2020 |
  • Pages : 300 Pages |
  • Format : Automotive Radiator  Market Automotive Radiator  Market Automotive Radiator  Market Automotive Radiator  Market

An automotive radiator is a heat exchanger assembly containing aluminum fins, and a metal pipe network for convection heat loss from a flowing coolant and a fan. The radiator is typically installed for cooling the engine, motor, batteries, or other components in the case of hybrid or electric vehicles. With the growing demand and sales of hybrid and EVs, the automotive radiator market size is projected to expand at a steady pace over the forecast period of 2020 to 2030.

Automotive Radiator Market Trends

Auto Manufacturers Shifting to Emerging Markets: Automotive manufacturers are shifting production plants or establishing new ones in emerging automotive markets to capitalize on the 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.

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 and material costs are attracting automobile manufacturers into the regions.

Passenger Cars to Show High Prominence in Automotive Radiator Market: Passenger cars are expected to reflect high growth potential in the global automotive radiator market, and this segment is expected to have high market attractiveness. Persistent developments in technology supported by increasing production are key factors responsible for passenger cars gaining high attraction for radiator applications. Increasing production and focused innovation in passenger cars are estimated to fuel growth even more over the coming years.

Regional Outlook of Automotive Radiator Market

The global automotive radiator market share will be dominated by 5 countries over the period of forecast - China, the U.S., Japan, Germany, and South Korea. These top 5 regions are projected to hold more than half the share of the global automotive radiator market space in 2020. The markets in India, Indonesia, Brazil, and Mexico will also thrive with stakeholders eyeing these countries due to cheap labor and lower capital requirements.

COVID-19 Impact on Automotive Radiator Market

The COVID-19 outbreak has taken the world by surprise and thrown most countries and economies off-gear. Until the virus is contained, businesses will continue to suffer, due to trade restrictions and reduced manufacturing activities across sectors. As far as the global automotive radiator market space is concerned, the OEM as well as aftermarket segments are estimated to suffer negative growth in the year 2020, owing to a drop in demand across the world. The market will gradually pick pace and go back to its normal growth rate post pandemic.

Analysts’ Viewpoint

A detailed view of the global radiator paint market has led our analysts to conclude that, the market is poised to expand at a steady CAGR of around 5% from the year 2020 to 2030. Stakeholders in this competitive space can look to regions such as the U.S., Japan, China, South Korea, and Germany for increased sales and profits over the coming years. Setting up of manufacturing units in emerging markets would also be beneficial as far as operational costs and capital are concerned.

Automotive Radiator Market - Scope of the Report

Persistence Market Research (PMR) recently published a report on the global automotive radiator market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive radiator market structure. This market research report presents exclusive facts and figures about how the automotive radiator market will grow over the forecast period of 2020 to 2030.

Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the automotive radiator market for the forecast period.

The study is relevant for stakeholders in the automotive radiator market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive radiator market can leverage the information and statistics presented in PMR’s research report.

The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the automotive radiator market. The study also offers actionable insights based on the future trends in the automotive radiator market. Furthermore, regional players and new entrants in the automotive radiator market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of Automotive Radiator Market

PMR’s study on the automotive radiator market is divided into five significant segments - product, material, vehicle, sales channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Product

Material

Vehicle

Sales Channel

Region

  • Down-flow
  • Cross-flow
  • Aluminium
  • Copper / Brass
  • Aluminium / Plastic
  • Compact
  • Sub-compact
  • Mid-size
  • Sedans
  • Luxury
  • Vans
  • OEMs
  • Aftermarket
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APAC
  • Middle East & Africa

Key Questions Answered in PMR’s Automotive Radiator Market Report

  • Which region is anticipated to hold a prominent market share in the global automotive radiator market over the forecast period?
  • What will be the key driving factors propelling the demand for automotive radiators during the forecast period?
  • How will current trends impact the automotive radiator market?
  • Who are the significant market participants in the automotive radiator market?
  • What are the crucial strategies of prominent players in the automotive radiator market to upscale their positions in this landscape?

Automotive Radiator Market: Research Methodology

In PMR’s research report on the global automotive radiator market, an exclusive research methodology is utilized to conduct comprehensive research on the development of the automotive radiator market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred to by analysts during the evaluation of the automotive radiator market study, which comprise facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers, to provide insightful information about the global automotive radiator market.

Comprehensive information acquired from primary and secondary resources is validated from companies operating in the automotive radiator market to make PMR’s projections on the growth prospects of the market more accurate and reliable.

Companies covered in Automotive Radiator Market Report

  • Valeo SA
  • Calsonic Kansei Corporation
  • Denso Corporation
  • Mahle GmbH
  • Zhejiang Yinlun Machinery Co., Ltd.
  • Sanden Holdings Corporation
  • T.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
  • MEZZO TECHNOLOGIES, INC.
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