Persistence Market Research has analyzed various facets of the automotive radiator market from a global standpoint and has skilfully presented them in its new research publication titled “Automotive Radiator Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025).” The automotive radiator market research report covers various trends, opportunities, drivers and restraints influencing the growth of the global automotive radiator market along with regional analysis, competitive scenario and forecasts. This analysis focuses on each segment and sub-segment of the global market based on which analysts have given their opinions on the basis of various market dynamics.
Global Automotive Radiator Market: Dynamics Influencing Growth
The growth of the global automotive radiator market is influenced by various aspects across regions in the globe. Factors such as increasing adoption of hybrid powertrains, growing technological developments, growing agricultural sector proliferating the demand for heavy commercial vehicles, increasing investments in research and development, stringent emission norms, growing modifications in design for enhancement purposes, high replacement rate of old radiators, increasing demand for weight reduction of engine components propelling the demand for aluminum radiators, growing industries coupled with increasing urbanization, application of advanced nanofluids for enhancement of heat transfer and rising infrastructure spend and low interest rate are driving the growth of the global automotive radiator market. However factors such as counterfeiting in the aftermarket is challenging the growth of the global market for automotive radiators.
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Global Automotive Radiator Market: Forecast Analysis
The global automotive radiator market is anticipated to grow at robust rate to register a CAGR of 5.4% during the period of forecast. The valuation of the global market is estimated to reach a figure higher than US$ 10 Bn by the end of the year of assessment from a value of around US$ 6,600 Mn in 2017.
Global Automotive Radiator Market: Segmentation Snapshot
The global automotive radiator market is segmented on the basis of product type, by sales channel, by vehicle type, by material type and by region.
- By product type, down-flow segment is expected to lead the global market with a high market valuation and growth rate. This segment is projected to grow at a high value CAGR of 5.9% throughout the period of forecast
- By material type, the aluminum/plastics segment is the largest owing to high adoption rate. This segment is projected to grow at high value CAGR of 5.7% during the forecast period to reach an estimation of more than US$ 8900 Mn by the end of the year of assessment
- By vehicle type, the passenger cars segment is expected to show high lucrativeness and high growth potential. This is attributed to the growing developments in technology of passenger cars. The LCV segment is the second largest segment from a market share perspective
- By sales channel, the aftermarket segment is poised to grow at a relatively high value CAGR throughout the period of forecast. The OEM segment is anticipated to dominate the global market with a high market value throughout the forecast period
- By region, Asia Pacific (APAC) region is expected to be the largest with high market attractiveness. The automotive radiator market in the Asia Pacific region is estimated to reach a high valuation of more than US$ 4.5 Bn by the end of the year of assessment thus leading the global market
Global Automotive Radiator Market: Competitive Analysis
- Valeo SA
- Calsonic Kansei Corporation
- Denso Corporation
- Mahle GmbH
- Zhejiang Yinlun Machinery Co., Ltd.
- Sanden Holdings Corporation
- 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
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Our reports strive to offer superior quality reports based on authentic and accurate findings.
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We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
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Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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