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Automotive Radiators - Global Market Trajectory & Analytics

  • ID: 347939
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Denso Corporation
  • Mahle GmbH
  • NISSENS A/S
  • Radiadores Ordóñez S.A.
  • Setrab AB
  • T. RAD Co. Ltd.
  • MORE
Global Automotive Radiators Market to Reach $9.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Radiators estimated at US$7.1 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Passenger Cars, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the LCVs segment is readjusted to a revised 3.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 6.9% CAGR

The Automotive Radiators market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

HCVs Segment to Record 3% CAGR

In the global HCVs segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$525 Million in the year 2020 will reach a projected size of US$626.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.

Select Competitors (Total 54 Featured):
  • Calsonic Kansei Corporation
  • Denso Corporation
  • Mahle GmbH
  • Modine Manufacturing Company
  • NISSENS A/S
  • Radiadores Ordóñez S.A.
  • Setrab AB
  • Spectra Premium Industries, Inc.
  • T. RAD Co., Ltd.
  • Valeo S.A.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Denso Corporation
  • Mahle GmbH
  • NISSENS A/S
  • Radiadores Ordóñez S.A.
  • Setrab AB
  • T. RAD Co. Ltd.
  • MORE
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
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Calsonic Kansei Corporation (Japan)
  • CSF Radiators (USA)
  • Denso Corporation (Japan)
  • Mahle GmbH (Germany)
  • Modine Manufacturing Company (USA)
  • NISSENS A/S (Denmark)
  • Radiadores Ordóñez S.A. (Spain)
  • Setrab AB (Sweden)
  • Spectra Premium Industries, Inc. (Canada)
  • T. RAD Co., Ltd. (Japan)
  • Valeo S.A. (France)
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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 54
Note: Product cover images may vary from those shown
  • Calsonic Kansei Corporation
  • Denso Corporation
  • Mahle GmbH
  • Modine Manufacturing Company
  • NISSENS A/S
  • Radiadores Ordóñez S.A.
  • Setrab AB
  • Spectra Premium Industries, Inc.
  • T. RAD Co. Ltd.
  • Valeo S.A.
Note: Product cover images may vary from those shown
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