Automotive Radiators Market By Product Type (Cross Flow, Down Flow), By Material Type (Aluminum, Copper & Brass), By Channel (OEMs, Aftermarket), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Automotive Radiators Market to Exhibit Steady Growth in the Near Future

The automotive radiators market worldwide is expected to grow with a CAGR of 4.53% during the forecast period from 2019 to 2027, starting from US$ 9.23 Bn in 2018. A radiator is a component used for cooling the internal combustion engine across different categories, such as automobiles, locomotives, aircraft, and motorcycles. The benefit of using a radiator is to protect the engine from overheating, which can damage the overall engine. As radiators safeguard the engines and increase their life, they are an integral automobile component. Due to the rise in the production and consumption of automobiles, we are expecting steady growth in the automotive radiators market.

Market Synopsis

Aluminum Radiators to Continue as the Market Leader

In 2018, the aluminum radiator segment led the market with over 50% share worldwide. Aluminum radiators have various benefits, such as being lightweight and having more durability, which gives them an edge over copper and brass radiators. As aluminum is a recyclable metal, these radiators are an environmentally friendly product. Another benefit of aluminum radiators is that they are lightweight, which ultimately helps keep the vehicle's weight to a minimum. Thus, manufacturing companies prefer to use aluminum radiators. On account of these benefits, aluminum radiators are expected to continue leading the market in the forecast period.

Asia Pacific to Continue as the Market Leader in the Forecast Period

In 2018, Asia Pacific led the market with more than 40% of the market share, followed by North America and Europe. As automobile sales are increasing in the region, so is the automotive radiator market. There is a significant rise in the automotive components segment in Asia Pacific, which is helpful for the automotive radiators market. Since Asia Pacific is the world's largest producer and consumer of automobiles, the region forms the largest market for automotive radiators. On account of these factors, we are expecting steady growth in the automotive radiators market during the forecast period.

Some of the prominent players operating in the automotive radiators market include Mahle Behr GmbH & Co. KG, DENSO Corporation, Dongfeng Radiator Co. Ltd., Visteon Corporation, Aptiv PLC, Modine Manufacturing Company, Valeo S.A., Calsonic Kansei Corporation, Anhui Fengyang Radiator Co. Ltd., Tianjin Yaxing Radiator Co. Ltd., Shandong Houfeng Group, and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considerin 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The automotive radiators market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global automotive radiators market based on product type, material type, channel, vehicle type, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

• What was the market size of automotive radiators in 2018, and what is the forecast up to 2027?
• Which is the largest regional market for automotive radiators?
• What are the major trends followed in overall automotive radiators across different regions?
• What are the key market trends and high-growth opportunities observed in the automotive radiator market?
• What are the drivers of the automotive radiator market?
• Who are the key automotive radiator companies leading the market?
• What are the key strategies adopted by the leading automotive radiator companies in the market?

Unique data points of this report

• Statistics on automotive radiators worldwide
• Recent trends across different regions in terms of the adoption of automotive radiators
• Notable developments are going on in the automotive radiator industry.
• attractive investment proposition for the automotive radiators segment as well as geography
• The comparative scenario for all the segments for the years 2018 (actual) and 2027 (forecast)

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