Car Radiator Market Analysis: Product Innovation to Rope in Significant Growth Opportunities till 2022

Posted on 2018-06-11 by Mark Hub in Automotive // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-Jun-11 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of car radiator market. The study is titled as “Car Radiator Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global car radiator market.

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As the need for ultra-high-pressure cooling system continues to increase in vehicles, demand for engine cooling systems is expected to remain high globally. Overheating of car engines has translated into increased spending on car repairs and servicing. In order to maintain efficiency of the engine and safe temperature levels, leading automotive manufacturers are incorporating radiators in vehicles. In addition, growing trend of adopting hybrid vehicles to lower the emission levels has further led to surge in demand for radiators globally. With the increasing adoption of hybrid vehicles in various countries, manufacturers are increasingly shifting their focus towards application-specific radiators. Strict norms regarding carbon emission is likely to contribute towards growth of the global market significantly.

Due to overtime use, the radiators are subject to deterioration of core fins, impact damages, cracking of metal tanks, failure of plastic tanks, and corrosion of aluminum cores. Exposed to excessive heat load, a deteriorated plastic tanks can quickly damage the car engine. In order to gain a competitive edge over the other market players, leading companies are focusing on utilizing copper and aluminum materials for product innovation and differentiation.

More Than US$ 4,900 Mn Opportunity in Global Car Radiator Market

According to Fact.MR, the global car radiator market is expected to reach a value of over US$ 4,900 Mn by the end of 2022. As the need for fuel efficiency in the vehicles continue to remain a major concern among customers, the leading manufacturers are focusing on incorporating corrosion resistant features and high vibration and shock withstanding. Increasing demand for radiators with performance enhancing features has led the automotive manufacturers to opt for copper materials for production of radiators.

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Attributed to corrosion resistant features and superior thermal conductivity, demand for copper/brass materials for manufacturing radiators is likely to remain high in the automotive industry. In terms of revenue, the copper/brass materials are expected to register the highest growth in the global market throughout 2022. The copper/brass materials is likely to record for over one-tenth of the revenue share in the global market by the end of 2022. Among range of products, demand for the down-flow products is expected to remain high as it protects from contamination within the flow cabinet. The down-flow products is expected to generate significant revenues, reflecting a robust revenue growth throughout 2022.

Sales of the car radiators will continue to remain high through the other equipment manufacturers (OEM). By the end of 2022, the OEM sales channel is expected to witness a significant revenue growth in the global market. Demand for radiators will continue to remain concentrated for the compact cars globally. Sales of radiators for compact cars is expected to represent the fastest growth in the global market by the end of 2022.

Leading market players operating in the global market include Valeo SA, Modine Manufacturing Company, Zhejiang Yinlun Machinery Co., Ltd, Banco Products (India) Ltd., T.RAD Co., Ltd, Denso Corporation, TYC Brother Industrial Co., Ltd., Sanden Holdings Corporation, and MAHLE GmbH.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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