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Global Automotive Radiator Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR12787
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This industry research report identifies DENSO, Valeo, and MAHLE as the key vendors in the global automotive radiator market. This industry research report also presents a competitive analysis of the market by application (passenger cars, LCVs, and M&HCVs) and by geography (Americas, APAC, and EMEA).

Overview of the global automotive radiator market

Market research analysts at Technavio predict that the global automotive radiator market will grow steadily over the next four years and post a CAGR of more than 4% in million units by 2021. This market research analysis identifies the increasing sale of passenger cars as one of the key growth factors for the global automotive radiator market. The sale of radiators in the passenger cars showed a tremendous growth, especially in the SUVs and crossovers segment. The growth of automotive radiator market can be attributed to a decrease in interest rates on the car loans, which further motivates the consumers to purchase large and expensive vehicles. It has been observed that during 2015, the sale of SUVs and crossovers in the passenger cars segment in the US increased by over 10%. To bridge the gap between the demand and supply, several other equipment manufacturers (OEMs) in the market are planning on robust expansion to enhance their product portfolio. For instance, Toyota is planning to relocate its auto production unit to Mexico to meet the rising demand for SUVs in the US and Canada.

Along with the preference for passenger cars, the demand for lightweight and compact radiators is also fueling the growth of the automotive radiator market. For the agile and efficient dissipation of heat, the engine requires the need for regulators. OEMs are moving toward compact and lightweight auto radiators without comprising the cooling efficiency. To tackle the rising demand, manufacturers are focusing on reducing the size of the radiators while keeping the weight of the vehicle intact for better fuel economy. This shift toward lightweight and compact radiators is fueling the growth of the market.

Competitive landscape and key vendors

The automotive radiator market is moderately competitive with the presence of limited well-established players. To increase the consumer base, vendors are highly investing in research & development. Moreover, major players are also indulging in robust mergers and acquisitions with their counterparts. Various government regulations on reducing carbon footprints are likely to intensify the competition among the vendors. The key vendors in the market compete mainly on factors such as price, quality, innovation, features, and distribution.

The leading vendors in the market are –

  • DENSO
  • Valeo
  • MAHLE

The other prominent vendors in the market are Calsonic Kansei, SANDEN USA, and Nissens.

Segmentation by application and analysis of the automotive radiator market

  • Passenger cars
  • LCVs
  • M&HCVs

The passenger cars segment accounted for a major share of the car radiator market during 2016. The growing emphasis on energy efficiency coupled with the focus on reducing emissions from diesel engines will induce the passenger cars segment to adopt compact and lightweight radiators. OEMs are also focusing on the improved packaging of the cooling system to ensure maximum efficiency. Manufacturers such as DENSO are already offering resin-coated radiators to make them more environmental-friendly.

Market segmentation by geography and analysis of the automotive radiator market

  • Americas
  • APAC
  • EMEA

APAC accounted for the major shares of the automotive radiator market during 2016. Factors such as a surge in the need for commercial vehicles in the transportation industry and launch of new vehicle models by OEMs will fueling the market’s growth in this region. The general perception that owning a car adds to the social status is also contributing to the growth of the market in the region. Additionally, the reduction in interest rates for passenger cars will also be major factor augmenting the growth of the car radiator market in APAC over the next four years.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global automotive radiator market?
  • What are the key market trends impacting the growth of the global automotive radiator market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automotive radiator market?
  • What are the market opportunities and threats faced by the vendors in the global automotive radiator market?
  • Trending factors influencing the market shares in the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global automotive radiator market? 

Technavio also offers customization on reports based on specific client requirement.

Radiators are heat exchangers used for cooling internal combustion engines, mainly in automobiles. The increase in the passenger car production is expected to drive the growth of the global automotive radiator market. This upcoming report by Technavio is a fundamental part of the automotive industry and offers an exclusive study of the fast-growing sectors like automotive manufacturing. Additionally, to help clients gain a competitive edge over other players, and to gain actionable intelligence on the various segments of the automotive industry, Technavio presents comprehensive information on several drivers and challenges, possible growth prospects, and all the market leading suppliers who hold substantial shares in the industry.

To accurately predict the growth of the automotive industry, our market research experts follow a combination of qualitative and quantitative techniques and also carry out an in-depth analysis of technological developments and the demand for different products and services globally. This upcoming research on the global automotive radiator market for the forecast period 2017-2021 helps our clients to gain insights about the automotive industry. This report also considers the growth of related markets such as automotive variable geometry turbocharger, which is expected to grow at a CAGR of more than 21% by 2021. Technavio also provides customized reports to help clients augment their position in the automotive sector.

The upcoming industry research report for global automotive radiator market highlights the key drivers, emerging trends, and the trials currently experienced by the automotive component sector and also presents a complete overview into the markets of auto accessories and powertrains.

Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by application

  • Global automotive radiator market segmentation by application
  • Global automotive radiator market in passenger cars segment
  • Global automotive radiator market in LCVs segment
  • Global automotive radiator market in M&HCVs segment

PART 07: Geographical segmentation

  • Global automotive radiator market by geography
  • Automotive radiator market in Americas
  • Automotive radiator market in EMEA
  • Global automotive radiator market in APAC

PART 08: Key leading countries

PART 09: Market drivers

  • Heavy dependence on ICEs for mobility in emerging countries
  • Increasing sales of passenger cars
  • Low penetration of passenger cars in emerging countries increasing profits (for OEMs)

PART 10: Impact of drivers

PART 11: Market challenges

  • Rise in demand for EVs
  • Emphasis on public transport to curb greenhouse gas emissions
  • Uncertainty among Japanese OEMs over Brexit

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Increasing demand for lightweight and compact radiators
  • Rising popularity of brazed copper radiators
  • Growing role of radiators in designing and styling of vehicles

PART 14: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 15: Key vendor analysis

  • DENSO
  • Valeo
  • MAHLE

PART 16: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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