Automotive Radiator Market by Material Type (Aluminum, Copper/Brass, and Aluminum/Plastic), by Radiator Type (Down Flow and Cross Flow), by Vehicle Type (Passenger Car, LCV, and HCV), by Sales Channel (OEM, Aftermarket) and by Geography - Global Trends and Forecast to 2025
- Report code : CMI211451 |
- Industry :
Automotive and Transportation
- Published On : Mar 2018 |
- Pages : 250 Pages |
- Format :
Global Automotive Radiator Market - Insights
Vehicles run on complex engines, which help regulate the speed and safety of the vehicle. These engines consist of automotive components, including radiators. Automotive radiators are an essential part of the vehicle engine system, as it helps maintain the temperature of the engine. Increasing demand for fast-moving vehicles is increasing the demand for light-weight and highly effective radiators, to help cool the engine.
Radiators are made up of different materials, depending on its application. Metal radiators have been replaced by aluminum/plastic radiators by large. Metal radiators, are heavy and costly, thus the demand for materials such as aluminum and plastic is increasing, as they are relatively light in weight and more cost-effective.
Figure 1. Global Automotive Radiator Market, Key Impact Forces
SOURCE: COHERENT MARKET INSIGHTS (2018)
Automotive radiators market growth is expected to be driven by increasing adoption of hybrid powertrains.
Furthermore, government of various economies are imposing stringent regulations regarding reduction of carbon emissions from vehicles, which is projected to fuel growth of the automotive radiators market during the forecast period (2017 - 2025). The regulations such as Low Emission Vehicle (LEV) III, Tier 3, and Super Ultra Low Emissions Vehicle (SULEV) are implied to ensure least carbon emissions. Increasing inclination of consumers towards hybrid vehicles, owing to its enhanced power and fuel-efficiency is propelling demand for automotive radiators. Furthermore, hybrid vehicles require additional low temperature heat exchangers for regulated battery cooling along with normal heat exchangers. Therefore, increasing demand for additional low-temperature heat exchangers is projected to drive growth of the automotive radiators market.
Radiators helps protect the engines from overheating, which otherwise can damage the overall engine. They are heat exchangers that are used for cooling internal combustion engines. Major application areas of radiators include automobiles, piston-engines aircraft, motorcycles, railway locomotive, and stationary generating plants among others. The internal combustion engines in an automobile or piston-engine aircraft are cooled by the liquid coolant circulation through the engine block. The heat generated by the engine is thus dissipated by radiators. The coolant used is commonly water-based, however, can be in the form of oil as well. Usually, water pump is employed to circulate the engine coolant and dissipate engine heat.
Growing aircraft sector, is in turn, increasing the demand for radiators. Piston-engine aircraft have liquid-cooled inline engines, which require radiators to dissipate heat generated by the engine. Due to more fuel combustion than cars, the engine is cooled more efficiently without the use of large cooling fans.
Growing demand for automobiles in emerging economies of Asia Pacific and Central & South America, is expected to favor growth of the automotive radiator market over the forecast period. North America and Europe are expected to witness moderate demand for automotive radiators, owing to sluggish economic growth and market saturation. Stringent regulatory norms pertaining to environmental considerations, particularly in the developed economies, are expected to positively impact growth of the market.
Some of the key players operating in the global automotive radiator market include Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products.
The study includes in-depth overview of the global automotive radiator market. The automotive radiator market was valued at US$ 5,284.76 million in 2016 and is projected to reach US$ 8,702.71 million by 2025, exhibiting a CAGR of 5.15% over the forecast period. Growth of the automotive radiators market is driven by increasing adoption of hybrid powertrains on account of its lower emissions and hybrid technology, which allows minimal fuel consumption as compared to internal combustion engines with the help of fully electric mechanism, growing agricultural sector, which is increasing the demand for heavy commercial vehicles.
Market Dynamics
Radiators play an important role in maintaining the stable temperature of an engine. Increasing number of research and development initiatives by manufacturers are leading to the development of light-weight and efficient radiators, in turn, boosting growth of the market. Also, stringent government regulations regarding reduced emissions is boosting demand for automotive radiators. Advanced radiators such as those which consume ground level ozone and convert it into oxygen are being adopted, owing to increasing demand for light weight engine components, in turn, propelling the demand for aluminum radiators.
Key features of the study:
- This report provides in-depth analysis of automotive radiator market, market size (US$ Million and thousand units), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global Automotive Radiator market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, Automotive Radiator market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global automotive radiator market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive radiator market
Detailed Segmentation:
- Global Automotive Radiator Market, By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- Global Automotive Radiator Market, By Radiator Type:
- Down Flow
- Cross Flow
- Global Automotive Radiator Market, By Vehicle Type:
- Passenger Car
- Compact
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- Global Automotive Radiator Market, By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- Global Automotive Radiator Market, By Geography:
- North America
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- LCV
- HCV
- By Sales Channel:
- OEM
- Aftermarket
- By Country:
- U.S.
- Canada
- Europe
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- LCV
- HCV
- By Sales Channel:
- OEM
- Aftermarket
- By Country:
- Germany
- Italy
- France
- UK
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- LCV
- HCV
- By Sales Channel:
- OEM
- Aftermarket
- By Country:
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- LCV
- HCV
- By Sales Channel:
- OEM
- Aftermarket
- By Country:
- Mexico
- Brazil
- Rest of Latin America
- Middle East and Africa (MEA)
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- LCV
- HCV
- By Sales Channel:
- OEM
- Aftermarket
- By Country:
- Iran
- Turkey
- Rest of MEA
- Company Profiles
- Denso Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Valeo SA
- Calsonic Kansei Corporation
- Mahle GmbH
- Sanden Holdings Corporation
- TYC Brother Industrial Co. Ltd.
- Modine Manufacturing Company
- Sciton Inc.
- Keihin Corporation
- PWR Advanced Cooling Technology
- Griffin Thermal Products
- Saldana Racing Products
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Radiator Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Global Automotive Radiator Market, By Material Type, 2015–2025, (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Aluminum
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Copper/Brass
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Aluminum/Plastic
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global Automotive Radiator Market, By Radiator Type, 2015–2025, (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Down Flow
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Cross Flow
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global Automotive Radiator Market, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Passenger Car
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Compact
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Heavy Commercial Vehicle (HCV)
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global Automotive Radiator Market, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2015 and 2025 (%)
- Segment Trends
- Original Equipment Manufacturer (OEM)
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Aftermarket
- Introduction
- Market Size and Forecast, 2015–2025, (US$ Million)
- Global Automotive Radiator Market, By Regions, 2015–2025 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, By Region, 2015 and 2025 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Material Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Material Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Germany
- Italy
- France
- U.K.
- Spain
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Regional Trends
- Market Size and Forecast, By Material Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of APAC
- Latin America
- Regional Trends
- Market Size and Forecast, By Material Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Mexico
- Brazil
- Rest of Latin America
- Middle East and Africa (MEA)
- Regional Trends
- Market Size and Forecast, By Material Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2015–2025 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2015–2025 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2015 and 2025 (%)
- Iran
- Turkey
- Rest of MEA
- Competitive Landscape
- Company Profiles
- Denso Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Valeo SA
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Calsonic Kansei Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Mahle GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sanden Holdings Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TYC Brother Industrial Co. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Modine Manufacturing Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sciton Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Keihin Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PWR Advanced Cooling Technology
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Griffin Thermal Products
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Saldana Racing Products
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Denso Corporation
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 60 market data tables and 40 figures on "Automotive Radiator Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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