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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
