Global Market for Automotive Radiators
Dublin, May 25, 2023 (GLOBE NEWSWIRE) — The "Automotive Radiators – Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automotive Radiators estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.
Aluminum, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$5.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Copper / Brass segment is readjusted to a revised 3.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 8% CAGR
The Automotive Radiators market in the U.S. is estimated at US$2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.
Select Competitors (Total 54 Featured) –
Calsonic Kansei Corporation
Denso Corporation
Mahle GmbH
Modine Manufacturing Company
NISSENS A/S
Radiadores Ordonez S.A.
Setrab AB
Spectra Premium Industries, Inc.
T. RAD Co., Ltd.
Valeo S.A.
Key Attributes:
Report Attribute
Details
No. of Pages
279
Forecast Period
2022 – 2030
Estimated Market Value (USD) in 2022
$7.5 Billion
Forecasted Market Value (USD) by 2030
$10.7 Billion
Compound Annual Growth Rate
4.5%
Regions Covered
Global
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Recent Market Activity
Aluminum Radiators Dominate the Market
Automotive Radiators: A Deceptively Simple Looking Piece of Engineering Genius
Nanofluids based Coolants Demand New Radiator Designs
Hybrid and Electric Vehicles Ring in Additional Demand
2007-09 Recession Marks the Beginning of a Long Drawn Period of Volatility & Change in the Automotive Industry
2007-09 Recession Highlights the Role Played by Financial Markets in Global Economic Health
How the Auto Industry Responded to the Recession Shock
How the Auto Industry Recovered & What's Hampering a Full-Recovery
Improvement in Global GDP Performance Encourages Optimistic Forecasts
Emerging Markets to Drive Automotive Industry
Asia-Pacific, the Largest Auto Production Hub Dominates the Global Market
STable Automobile Production Fuels Growth Opportunities in the OEM Market
Expanding Middle Class Population Fuels Broad Based Growth in New Vehicle Sales, Spurring Opportunities for Allied Component Businesses
Automotive Radiators – Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Automotive Production – A Major Driver for Radiator Market
Increasing OEM Quality Affects Aftermarket
Aftermarket Reflects Vehicle Fleet Size
Copper/Brass Restricted to Niche Applications
Rising Passenger Car Density & Aging Vehicles Spurs Opportunities in the Aftermarket
Low Pump Prices Encourage People to Drive More
Advancements in Coolant Technology Improves Radiator Performance
Nanofluids as Next Generation Engine Coolants Fuel the Need for Changes in Radiator Designs
Launch of Novel Coatings for Radiators to Benefit the Market
Aluminum Radiators Dominate the Market
Increasing Automotive Mileage Boosts Growth
Production of Parts in Abundance Increases Unit Demand
Other Factors Influencing the Market
Weather Conditions
Environment
Prices
Cost Plays its Role
Hiring of Professional Technicians
Sophisticated Systems Under Development
Technological Developments/Breakthroughs in the Recent Past
International Acceptance of CuproBraze Expands
Nylon Heat Exchanger
Keystone Introduces Platinum Plus Radiators
SF Cooling Module – World's First Integrated Module
Fluidyne – The Novel Truck Cooling System
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/v623u8
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Global Market for Automotive Radiators
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