Infinium Global Research has added a new report on Automotive Radiator Market. The report presents analysis of global as well as regional markets of automotive radiator market over the period of 2016 to 2024. Radiator is typically installed for cooling the engine or other components and batteries in the case of hybrid or electric vehicles. The radiator works by passing your coolant through thin metal fins, which allow the heat to flow to the air outside your car much more easily. The majority of radiators are constructed to function in automobiles, buildings, and electronics. They are mainly used in automobiles but also in piston-engine aircraft, railway locomotives, motorcycles, stationary generating plants, and other places where such engines are used. Each car manufacturer specifies exactly the mixture and type of coolant that is needed. The coolant’s job is to stop that water from rusting and corroding the internal parts of cooling system.
Increasing trend for engine resizing for better fuel efficiency and performance is driving the growth of the automotive radar market. Rising production of vehicles and equity investments is fuelling the growth of the automotive radiator market globally. However, Increase in product complexity due to continuous change in the customer requirements and technological advances are supposed to negatively impact market growth. The demand for lightweight and compact radiators are increasing along with the preference for passenger cars are boosting the growth of the automotive radiator market. Normal heat exchangers in the hybrid vehicles require additional low temperature heat exchangers for regulated battery cooling. Hence, the demand for these additional low-temperature heat exchangers is estimated to provide huge growth opportunities in developing the global automotive radiator market.
Asia Pacific is expected to hold the largest share followed by Europe. Moreover, with expanding automobile demand in the developing areas such as Asia Pacific and Central & South America, the industry is likely to witness rapid growth over the upcoming years. Factors such as sluggish economy and market saturation has projected Europe to witness moderate demand for automotive radiators. Automotive component markets in countries such as China, India, Indonesia, Brazil, and Mexico are expected to benefit significantly from the increasing demand for aftermarket and OEM products. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive radiator market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the global automotive radiator market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive radiator market worldwide.
The report segments the global automotive radiator market on the basis of Radiator Types, Vehicle Type and Distribution Channel.
Global Automotive Radiator Market by Radiator Types
Global Automotive Radiator Market by Vehicle Type
· Passenger Car
· Commercial Vehicles
Global Automotive Radiator Market by Distribution Channel
Companies Profiled in the Report
· Denso Corporation
· Mahle GmbH
· Zhejiang Yinlun Machinery Co., Ltd.
· RAD Co., Ltd.
· Nissen A/S
· Calsonic Kansei Corporation
· Griffin Thermal Products
· Keihin Corporation
· TYC Brother Industrial Co. Ltd
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