The global demand for Automotive Fan Clutch Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
The automotive fan clutch is an automotive component that plays a crucial role in the engine cooling system. Usually, these clutched are driven by the water pump and used to maintain the fan speed according to the temperature change of the coolant. Fan clutched enhances the efficiency of the cooling system by draining the engine horsepower. It is placed at the rear of a radiator to maintain fan speed. Recent developments in automotive fan clutches such as electromagnetic fan clutches have more advantages in terms of efficiency, design, long service life, and others. Automotive fan clutches are made of aluminum and cast iron materials. There are different controlling factors containing engine oil temperature, AC system temperature, coolant temperature, etc.
Market Dynamics
The market is mainly driven by rising sales of passenger cars and commercial vehicles. In addition, the rising demand of noiseless and high durable automotive fan clutched is expected to fuel the growth of the market. Further, the increasing demand of fan clutches from aftermarket sales is foreseen to push the market over the forecast period. Globally, the rising trend of owning a private vehicle is projected to boost the market. These clutches are also utilized in off-road vehicles; cooling of the engine in off-road vehicles is required. Thereby, growth in off-road vehicle sales is expected to propel the growth of the market. The global automotive fan clutch market highly relies on the growth of the automotive industry in the forecast period; this might affect the growth rate of the market. The adoption of automotive electric fans over automotive fan clutches could hinder the growth of the global automotive fan clutch market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive fan clutch. The growth and trends of automotive fan clutch industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive fan clutch market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Thermal Fan Clutches
- Non - Thermal Fan Clutches
- Electronic Controlled Fan Clutches
- Severe Duty Fan Clutches
- Others
By Sales Channel
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Fan Clutch market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Fan Clutch Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive fan clutch market include GMB North America, Inc., Nissens, AISIN, DIESEL TECHNIC SE, ATQ Germany, Standard Motor Products, Inc., Kendrion (Markdorf) GmbH, DaviesCraig, WuLong and others.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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