The Global Market for Automotive Radiators is Projected to Reach 180.4 Million Units by 2020

Stable Automobile Production Spurs Sales of Automotive Radiators in the OEM Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Radiators market. The global market for Automotive Radiators is projected to reach 180.4 million units by 2020, driven by stable automobile production trends.

As a vital cooling system for internal combustion engines, radiators play an important role in healthy running of the car and engine. Over the years, automobile engine cooling systems and technologies have witnessed significant evolutionary improvements in design, architecture and performance. Auto OEMs have long focused time and resources on engine cooling and air flow management systems, largely because these systems play critical roles in influencing vehicle fuel economy performance and emissions. Radiators represent one of the many subsystems of the engine cooling system in addition to condensers, cooling fans, thermostat, etc. Located under the hood adjacent to the engine, the radiator is designed to conduct heat away from the engine. Defined as a type of a heat exchanger, radiators help transfer heat through air or liquid coolant. All modern cars currently utilize liquid cooled system. Radiator manufacturing and engineering have evolved to handle aggressive driving, low speed driving and extreme temperatures to provide optimum heat transfer performance under all conditions.

Major trends influencing the radiator market include focus on the development of radiators with low weight and low cost designs, longer operating life, superior end-of life recyclability, and higher energy efficiency. Although aluminum remains the primary material of choice for manufacturing radiators, there is growing interest in newer materials such as copper and other related alloys. Automotive uses of copper and copper alloys are growing significantly. Presently under development are copper based radiators that are over 40% lighter than traditional radiators. The growing use of nanofluids as next generation engine coolants is generating interest in innovating geometric changes in radiator designs. Radiator designs are largely influenced by mass flow rate of air. Nanofluids feature higher heat transfer rate than base fluid and therefore require changes in radiator design and architecture. The market is also benefiting from the launch of novel coatings for radiators. Under the hood engine components such as, radiators are subject to corrosion caused by the presence of sulfur oxides in the engine compartment. Therefore, there has always been the need to improve the corrosion resistance of automotive radiators through coatings. The growing use of newer radiator materials such as copper which are especially vulnerable to corrosion, are creating the need for newer high performance coatings such as cathodic epoxy electrocoat, epoxy-ester coating, among others.  

As stated by the new market research report on Automotive Radiators, Asia-Pacific dominates the global market, supported by its automobile manufacturing prowess. The region is also forecast to emerge as the fastest growing market with a CAGR of 6% over the analysis period, led by factors such as continued expansion in automobile manufacturing base, growth in GDP, rising employment levels, improvements in standard of living, increase in discretionary spending, and growing per capita car ownership rates.

Major players covered in the report include Calsonic Kansei Corporation, CSF Radiators, Delphi Automotive PLC, Denso Corporation, Mahle GmbH, Modine Manufacturing Company, NISSENS A/S, Radiadores Ordóñez S.A., Setrab AB, Spectra Premium Industries, Inc., T. RAD Co., Ltd, Valeo S.A., and Vista-Pro Automotive among others.

The research report titled “Automotive Radiators: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for sales of Automotive Radiators in Thousand Units at the OEM and aftermarket levels for all major geographic markets- US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. Market for Automotive Radiators is also analyzed by the material types- Copper/Brass and Aluminum; as well as applications types – OEM and Aftermarket.

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