Automotive Radiator Market – Scope of the Report
Persistence Market Research (PMR) recently published a report on the global automotive radiator market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive radiator market structure. This market research report presents exclusive facts and figures about how the automotive radiator market will grow over the forecast period of 2020 to 2030.
As per analysis by Persistence Market Research, the automotive radiator market is slated to expand at a steady CAGR of 5% over the forecast period of 2020 to 2030, to be valued over US$ 10 Bn by 2030-end.
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Automotive radiators are a key component of the engine cooling system in most automobiles. The radiator is designed to transfer heat away from the engine, which can become extremely hot under normal operating conditions. Automotive radiators are typically made of aluminum or copper and brass, and they are mounted in the front of the vehicle so that air passing through them can cool the engine. The radiator is connected to the water pump and thermostat, and it circulates coolant throughout the engine cooling system. Automotive radiators have been used for many years, and their design has changed very little over time.
The study is relevant for stakeholders in the automotive radiator market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive radiator market can leverage the information and statistics presented in PMR’s research report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the automotive radiator market. The study also offers actionable insights based on the future trends in the automotive radiator market. Furthermore, regional players and new entrants in the automotive radiator market can also use the information presented in this report to make business decisions and gain momentum in the market.
The research report on global automotive radiator market includes the profiles of key companies such as Valeo SA, Calsonic Kansei Corporation, Denso Corporation, Mahle GmbH, Zhejiang Yinlun Machinery Co., Ltd., Sanden Holdings Corporation, T.RAD Co., Ltd., TYC Brother Industrial Co. Ltd., Nissen A/S, Modine Manufacturing Company, Banco Products (I) Ltd., Keihin Corporation, PWR Advanced Cooling Technology, Nissim India Private Limited, Kor tech Auto Industries Pvt. Ltd., Spectra Premium, Griffin Thermal Products, Saldana Racing Products, and MEZZO TECHNOLOGIES, INC.
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Automotive Radiator Market: Research Methodology
In PMR’s research report on the global automotive radiator market, an exclusive research methodology is utilized to conduct comprehensive research on the development of the automotive radiator market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the automotive radiator market study, which comprise facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers, to provide insightful information about the global automotive radiator market.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the automotive radiator market to make PMR’s projections on the growth prospects of the market more accurate and reliable.
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Key Takeaways from Automotive Radiator Market Study
- By product, the cross-flow segment is expected to lead the global market with a high market growth rate. This segment is projected to hold a market share of 53% in 2020.
- By material, the aluminum/plastics segment is the largest in the automotive radiator market, owing to high adoption rate.
- By vehicle, the passenger cars segment is expected to show high lucrativeness and high growth potential. This is attributed to increasing developments in the technology of passenger cars. The LCVs segment is the second-largest segment from a market share perspective.
- By sales channel, the aftermarket segment is poised to expand at a relatively high value CAGR throughout the period of forecast. The OEMs segment is anticipated to dominate the global market with a high market value throughout the forecast period.
- By region, the markets in the U.S., Germany, China, Japan, and South Korea will provide lucrative opportunities to stakeholders in the global automotive radiator market space.
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