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Automotive Radiator Market Growth – Analysis For The Top Companies Like Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial

12-13-2018 02:51 PM CET | Logistics & Transport

Press release from: Coherent Market Insights

Automotive Radiator

Automotive Radiator

The study includes in-depth overview of the global automotive radiator market. The automotive radiator market was valued at US$ 5,284.76 million in 2016 and is projected to reach US$ 8,702.71 million by 2025, exhibiting a CAGR of 5.15% over the forecast period. Growth of the automotive radiators market is driven by increasing adoption of hybrid powertrains on account of its lower emissions and hybrid technology, which allows minimal fuel consumption as compared to internal combustion engines with the help of fully electric mechanism, growing agricultural sector, which is increasing the demand for heavy commercial vehicles. Automotive radiators are used to keep the vehicle engines at lower temperature. It acts as a heat exchanger and keeps the engine functioning by keeping it cool. Owing to technologically advancement in vehicle engines the need to keep it cool is rising proportionately and is fuelling the growth for automotive radiator market.

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Market Dynamics

Radiators play an important role in maintaining the stable temperature of an engine. Increasing number of research and development initiatives by manufacturers are leading to the development of light-weight and efficient radiators, in turn, boosting growth of the market. Also, stringent government regulations regarding reduced emissions is boosting demand for automotive radiators. Advanced radiators such as those which consume ground level ozone and convert it into oxygen are being adopted, owing to increasing demand for light weight engine components, in turn, propelling the demand for aluminum radiators.

Key Players in Automotive Radiators Market:
Companies covered as part of this study include Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products

Key Trends and Analysis of the Global Automotive Radiator Market:

Among material types, aluminum/plastic segment held the dominant position in 2016. Owing to its light weigh, aluminum/plastic radiators are widely being deployed. However, aluminum/plastic radiators have lower longevity than that of its metal counterparts, which in turn, increases the demand for timely replacements. Thus, boosting market growth.

Among radiator types, down flow segment is expected to hold the largest market share over the forecast period. In a down flow radiator design, the tanks are located at the top and bottom of the core, allowing the fluid to enter through the top tank and drip down through the tubes due to gravity. Whereas, in cross flow radiators the tanks are located on both the sides of the core and the coolant is allowed to pass from one tank to another. Also, the down flow type of radiators is expected to dominate the market throughout the forecast period owing to its mechanism which functions on gravitational force and the pump is required only to fill up the upper tank of the radiator.

Among vehicle types, passenger cars segment holds the dominant position, owing to its higher sales volume as compared to light commercial vehicles (LCV) and heavy commercial vehicles (HCV). The passenger cars segment has a dominant market share owing to a large set of sub segments it holds viz. Compact cars, sub-compact vehicles, mid-size vehicles, sedan cars, luxury cars, and vans.

Key Takeaways of the Market:

According to Coherent Market Insights’ analysis, the market in North America accounted for the largest share in the global market and is expected to witness highest growth over the forecast period. This is due to large number of vehicles present in the region as compared to that in other regions. For instance, countries such as U.S. and Canada record 899 and 6622 vehicles per 1000 people, respectively.

Advancements in technology in automotive engines to increase its stability, performance, speed and emissions are leading to the development of more efficient radiators, Stringent environmental and regulatory norms and standards imposed on automobiles such as The environment Protection Agency (EPA), Air Resources Board of California (ARB), The Corporate Average Fuel Economy (CAFE), Zero- Emission Vehicle (ZEV), and Super-Ultra-Low-Emission Vehicle (SULEV) are being imposed, which in turn is expected to drive growth of the automotive radiator market in the near future.

Weight of the radiators directly affect the performance of the vehicle, hence lightweight radiators are being adopted. Metal radiators have a long lifespan and have higher heat absorption capacity, are being substituted by light weight and cost effective radiators such as aluminum/plastic ones.

Do You Have Specific Requirement? Ask To Our Experts@ https://www.coherentmarketinsights.com/insight/talk-to-analyst/1451

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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