Automotive Cooler Market: 2018 Global Size, Share, Regional Analysis, Industry Insights, Key Players - Chevron, Cummins, Shandong Yuean, Hayden Analysis To 2023

April. 4, 2018 (NEWS) -- Automotive Cooler Market Research Report 2018 expands information on Automotive Cooler Market by Type (Plate and fin, Tube and fin), By Vehicle Type (Passenger vehicle, Commercial vehicle), By Application (Engine Cooler, HVAC Cooler, Brake Lubricant and Other) and by Regions. The global market of Automotive Cooler will grow at a rapid pace over the forecast period. Thus, the automotive cooler market is expected to register a CAGR of about 6.15%.

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The recent growth in the automotive cooler market can be attributed to the surge in the demand in the automotive industry. Increasing number of vehicles on the road has significantly contributed the growth and development of automotive cooler market. The increasing demand for vehicles and the rising average lifespan of vehicles in operation are likely to drive the market growth as well as the demand for vehicles with HVAC systems, drive its growth. The growing demand for battery-operated electric vehicles and the introduction of coolers with extended service life act as restraints for the market.

Automotive Cooler Market Companies Analyzed in report are: BP P.L.C. (U.K.), Chevron Corporation (U.S.), Cummins Filtration (U.S.), Shandong Yuean Chemical Industry Co. Ltd (China), Gallay Ltd (England), Hayden Automotive (U.S.), NENGUN CO. LTD (Japan), Calsonic Kansei Corporation (Japan).

Market Research Future analysis shows that the global automotive cooler market is estimated to grow at 6.15% CAGR in the forecast period. Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing the production capacity. Lower manufacturing costs are driving the market growth in the region. North America is expected to be a flourishing market in the forecast period. The factors driving the global automotive cooler market are high disposable income with improved lifestyle of the people, and the higher demand & production of large engine capacity vehicles.

Market Segmentation:

The Automotive Cooler market is segmented based on Type (Plate and fin, Tube and fin), By Vehicle Type (Passenger vehicle, Commercial vehicle), By Application (Engine Cooler, HVAC Cooler, Brake Lubricant and Other).

Geographic Analysis:

The automotive cooler market can be geographically segmented as North America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific is expected to witness the highest growth during the forecast period due to increase in vehicle production in countries such as China and India. The market in the developing countries, is largely driven by economic growth and ongoing industrialization, which helps in the production of vehicles. Moreover, high production of vehicles, low manufacturing cost and availability of cheap labor are some of the factors that boost the market in Asia-Pacific. North America is expected to be the second largest region to witness the highest CAGR during the forecast period. Europe is expected to have steady growth during the forecast period.

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Target Audience of Report:

This report mainly focuses on Automotive Cooler market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Cooler market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Cooler market studied.

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