The global demand for Automotive Radiator Market is presumed to reach the market size of nearly USD 12.28 MN by 2028 from USD 7.7 MN in 2021 with a CAGR of 6.9% under the study period 2022 - 2028.
An automotive radiator is a cooling component used in automobiles, locomotives, planes, and motorbikes to cool the internal combustion engine. A heat exchanger assembly with aluminum fins and a metal pipe network for convection heat loss from a flowing coolant and a fan is known as an automotive radiator. Coolant is injected into the engine block to cool an internal combustion engine, heated, and then passed through a radiator, where it loses heat to the outside atmosphere. The radiator is typically used to cool the engine, motor, batteries, or other components in hybrid or electric cars. Crossflow and downflow radiators are the two types of automotive radiators. Lower and upper tubes are used to antifreeze the coolant and circulate the radiator fluid in the cooling system of automobiles in both of these types of automotive radiators. Aluminum, brass, and copper are the three most common materials used to make automotive radiators.
Market Dynamics
A significant driving factor for the global automotive radiator market is the growing trend of engine downsizing for greater fuel efficiency and performance. Furthermore, strict pollution rules and car standards are driving the usage of environmentally efficient radiators in automobiles worldwide. Again, rising vehicle production and private equity investments in automotive radiator manufacturing businesses are expected to boost the automotive radiator market's global expansion. Passenger cars are predicted to have strong growth potential; thus, the market is expected to increase due to rising passenger cars.
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 radiator. The growth and trends of automotive radiator industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive radiator 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 Radiator
- Copper-Brass
- Plastic
- Aluminum
By Vehicle
- Passenger Car
- Commercial Car
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Radiator 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 Radiator Market Share by Region (Representative Graph)
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 radiator market include Joint Radiator Factory, Denso Corporation, Dongfeng Radiator Co., Ltd, Visteon Corp, Delphi Automotive plc, Modine Manufacturing Co., Valeo SA, Calsonic Kansei Corp., Faret International Holdings Limited, Anhui Fengyang Radiator Co., Ltd, and Guangdong Faret Auto Radiator Co. 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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