Press release
Automotive Engine Cooling System Market Emerging Growth and Top Key Players to Watch- Valeo SA, Sogefi, BorgWarner, Visteon in 2018-2028
Automotive engine cooling system must be fitted into smaller spaces under the bonnet. This demands the manufacturers to develop smaller size automotive engine cooling systems. For this purpose, aluminum radiators of about two third in size as compared to traditional radiators are manufactured in the late 1970s. With the prevailing strict emission standards in countries of APAC, North America and Europe, automotive manufacturers are compelled to manufacture fuel efficient vehicles. Increasing global warming coupled with pollution has become a great concern worldwide. The automotive manufacturers have to follow EURO standards, BS VI norms, and CAFE (Corporate Average Fuel Economy) among others.
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Automotive Engine Cooling System Market: Dynamics
Increase in vehicle production coupled with growing demand for engine efficiency are expected to spur the demand for automotive engine cooling system over the forecast period. Moreover, increasing demand for better fuel efficiency and performance of vehicles are estimated to be the trending opportunities in the global automotive engine cooling system market. However, the relentless push by vehicle makers to downsize gasoline and diesel engine have become a major challenge for automotive engine cooling system manufacturers to upgrade their engine cooling modules. Upgraded automotive engine cooling system modules that can handle more heat rejection in smaller space are being introduced.
Automotive Engine Cooling System Market: Trend
The automotive engine cooling system manufacturers are expected to witness significant opportunity by manufacturing lighter and smaller automotive engine cooling system (parts) without any loss on strength. The suppliers are trying to produce eco-friendly systems so that it will get decomposed easily after the normal lifespan. For instance, the manufacturers have developed new eco-friendly plant derived resin radiator tanks using an organic compound derived from castor oil tree. As compared to conventional products, this new radiator will release less CO2 emission and conserve oil (fossil fuel, which is being depleted).
The automotive engine cooling system is designed so that, it should maintain engine at a constant temperature regardless of the outside temperature. However, if the outside temperature is too low, emission will rise and results in poor fuel economy. On the contrary, if the temperature is too hot for longer period, the engine will get damaged. At present, not only the auto engine cooling parts are becoming smaller, but also there is a trend towards components integration. For instance, combining the radiator and condenser could save space and help cut costs. Modularity plays a very important role in packaging automotive engine cooling system.
Automotive Engine Cooling System Market: Segmentation
On the basis of components, the automotive engine cooling system market can be segmented into:
Cooling Fan Module
Water Pumps
Radiator
Cooling Fluid-Coolant
Radiator Hose
Cooling Fan Control Module
Others
The automotive engine cooling system market can be further segmented on the basis of vehicle type as:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
On the basis of sales channel, the automotive engine cooling system market can be segmented into:
OEM
Aftermarket
Automotive Engine Cooling System Market: Market Participants
Some of the examples of the market participants in the global automotive engine cooling systemmarket identified across the value chain include:
Visteon Corporation
BorgWarner
Calsonic Kansei Corporation
Continental AG
Valeo SA
Delphi Automotive LLP
Denso Corporation
Sogefi
Mahle GmbH
Schaeffler Group
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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