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Automotive Cooling Fans Market Overview - Market Size, Trends, Top Segments And Growth Analysis By 2023-2032
Automotive Cooling Fans Market
The Business Research Company's Automotive Cooling Fans Global Market Report 2023 identifies increasing traction of electric vehicles as the major driver for the Automotive Cooling Fans market's growth in the forecast period. Electric vehicles refer to vehicles propelled by an electric motor powered by a battery pack that converts electrical energy into mechanical energy to power the vehicle while reducing aerodynamic drag, rolling resistance drag, and kinetic resistance.
The global automotive cooling fan market size is expected to grow from $50.86 billion in 2022 to $53.73 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive cooling fan market size is expected to grow to $65.86 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the Automotive Cooling Fans market AMETEK Inc., DENSO Corporation, Flexxaire Inc., Horton Holding, Multi-Wing America Inc., Spal Automotive, Toshiba Electronic Devices & Storage Corporation, Sunonwealth Electric Machine Industry Co. Ltd.
A key trend in the Automotive Cooling Fans market includes product innovation. Major companies operating in the automotive cooling fan market are developing innovative products to sustain their position in the market. For instance, in September 2021, Mando Corporation, a South Korea-based automobile company, introduced a new line of brushless-motor cooling fan assemblies to the Mando Aftermarket Program. Mando cooling fan assemblies are similar to the original equipment (OE) parts used in new cars but have more advanced electronics than traditional brush-motor cooling fan assemblies.
Read More On The Global Automotive Cooling Fans Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-cooling-fans-global-market-report
The Automotive Cooling Fans market is segmented -
• By Type: Radiator Fan, Electric Fan, Mechanical Fan, Condenser Fan
• By Sales Channel: OEMs (Original Equipment Manufacturers), Aftermarket
• By Vehicle Type: Passenger Vehicle, Commercial Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Cooling Fans market.
The Business Research Company's "Global Automotive Cooling Fans Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Cooling Fans Market Include:
1. Executive Summary
2. Automotive Cooling Fan Market Characteristics
3. Automotive Cooling Fan Market Trends And Strategies
4. Automotive Cooling Fan Market - Macro Economic Scenario
5. Automotive Cooling Fan Market Size And Growth
…………………………………………………………………………
26. Africa Automotive Cooling Fan Market
27. Automotive Cooling Fan Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Cooling Fan Market
29. Automotive Cooling Fan Market Future Outlook and Potential Analysis
30. Appendix
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