The Global Market for Automotive Radiators is Projected to Exceed 154 Million Units by 2022

Healthy Automobile Production Trends to Provide a Stable Market for Automotive Radiators, According to a New Report by Global Industry Analysts, Inc.

GIA launches a 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 exceed 154 million units by 2022, driven by healthy automobile production trends and a robust aftermarket.

Automotive Radiators form a vital part of the cooling system of a vehicle. With increasing focus being shed on fuel economy, emissions control and engine performance, radiators are witnessing increased technology focus. The performance and/or functioning of an internal combustion engine is many a time limited by the performance of the cooling system of the vehicle, of which the radiator is the nerve center. For instance, over 70% of gasoline is converted into heat, requiring robust cooling mechanisms to cool the engine. Over the years, 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. However, there exists scope for improvement to match advanced engine designs. Nanofluids promise to fill the gap between present performance characteristics of existing radiators and automobile engineers’ expectations, by providing improved cooling utilizing the same architecture or match the cooling performance with a smaller footprint. Automotive production is the primary growth driver in the market, as OEM demand accounts for the lion’s share of the global automotive radiator demand. The aftermarket serves replacement demand.  Given that a radiator does not fall in the high wear & tear and replacement category of automotive components, replacement demand arises mostly out of damage to radiators owing to collisions and improper maintenance of prescribed coolant levels. Aluminum remains the dominant material for radiator construction, owing to the preference of aluminum radiators OEMs in the light vehicle market on account of lighter weight and ease of manufacturing. On the other hand, copper/brass has been able to capture substantial share in the heavy and off-road vehicle market, which feature large engines with high heat generation, as efficiency wins over weight as a major criterion for material selection in such applications.

As stated by the new market research report on Automotive Radiators, Asia-Pacific represents the largest market worldwide for OEM radiators supported by the fact that the region is the largest producer of automobiles in the world. China, India, and South Korea are major automotive production hubs in the region. Aftermarket radiators are dominated by developed economies like the United States and Europe due to large vehicle PARC and rising average age of vehicles. Rest of World market, comprising the Middle East and Africa, is poised to grow at the fastest CAGR of 6.8% through the analysis period.

Major players covered in the report include Calsonic Kansei Corporation, CSF Radiators, Denso Corporation, Mahle GmbH, Modine Manufacturing Company, NISSENS A/S, Radiadores Ordóñez S.A., Setrab AB, Spectra Premium Industries, Inc., T. RAD Co., Ltd., and Valeo S.A., 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, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets such as the 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.

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