According to a new market report published by Lucintel, the future of the global automotive radiator market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle. The global automotive radiator market is expected to reach an estimated $16.6 billion by 2027. The global automotive radiator market is forecast to grow at a CAGR of 6.8% by value from 2021 to 2027. The major driver of growth for this market is increasing production of passenger cars and light commercial vehicles.
Browse 53 market data tables and 154 figures spread through 193 pages and in-depth TOC on “Global Automotive Radiator Market"
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In this market, aluminum and copper/brass are two segments by material type; the major segments of automotive radiator by vehicle type are passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of its comprehensive research, Lucintel forecasts that the passenger car and heavy commercial vehicle segments are expected to show above average growth during the forecast period.
Within the global automotive radiator market, the passenger car segment is expected to remain the largest market. Increasing passenger car production is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest region due to high vehicle production, improvement in the economic conditions, and increasing investments by the market players within the APAC region.
APAC and the Rest of the World are expected to witness significant growth over the forecast period because of increase in the passenger car and light commercial vehicle production in China and Brazil.
Emerging trends which have a direct impact on the dynamics of the industry include development of full-aluminum radiators and environment-friendly radiators. Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Sanden Corporation, and Mahle Behr Gmbh & Co. KG are the major radiator suppliers in the global automotive radiator market. Some of these companies are opting for mergers and acquisitions as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in global automotive radiator market by material, flow structure, vehicle type, end user and region, and has compiled a comprehensive research report entitled “Growth Opportunities in Global Automotive Radiator Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for growth opportunities in the global automotive radiator market by material, flow structure, vehicle type, end user, and region, as follows:
Automotive Radiator Market by Material ($ Million Shipment Analysis from 2016 to 2027):
•Aluminum
•Copper/Brass
Automotive Radiator Market by Flow Structure ($ Million Shipment Analysis from 2016 to 2027):
•Down-Flow
•Cross-Flow
Automotive Radiator Market by Vehicle Type [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
•Passenger Car
•Light Commercial Vehicle
•Heavy Commercial Vehicle
Automotive Radiator Market by End User [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
•OEM
•Aftermarket
Automotive Radiator Market by Region [Value ($ Million) and Volume (Million Units) from 2016 to 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the automotive radiator market by material (Aluminum and Copper/Brass), flow structure (Cross-flow and Down-Flow), end-user (OEM and Aftermarket), vehicle type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q.11. What M & A activity has occurred in the last 5 years and what has its impact been on the industry?