According to the latest report “Automotive Engine Cooling System Market: By Component (Engine, Cooling Fan, Cooling Fan Control, Radiator, Cooling Fan, Cooling Fan Belt, Radiator Hose, & Water Pump); By Vehicle Type (PC, LCV, HCV) and By Geography – Forecast (2016-2021)”, published by IndustryARC, estimates that Asia-Pacific will witness the highest growth during the forecast period.
Automotive Engine Cooling System Market deals with the development of engine cooling systems for automobiles. An automotive engine cooling system is a critical part of an automobile. This cooling system sends a liquid coolant through the engine passages in the engine block and heads. Then it picks up heat from the engine. The heated fluid then makes its way through a rubber hose to the radiator engine in the front of the car. Thus it removes excess heat from the engine and will maintain efficient operating temperature for the engine.
The cooling system is used to make all the parts to operate without any risk of melting, seizing and overheating. For this function, the automotive cooling system makes use of coolant oil, lubricating oil and fan to maintain and regulate the temperature of other parts of an engine. Increasing vehicle production is the major factor that drives demand and growth for the Automotive Engine Cooling System Market.
Scope & Regional Forecast of the Automotive Engine Cooling System Market
By manufacturing lighter and smaller automotive engine cooling system without any loss on strength, the manufacturers in Automotive Engine Cooling System Market are expected to witness more opportunities. Growing demand for engine efficiency and for better fuel efficiency and performance of vehicles are expected to spur the demand for the Automotive Engine Cooling System Market.
The suppliers are trying to produce Eco-friendly systems so that it will get decomposed easily after the normal lifespan. Automotive Engine Cooling System Market planned to introduce upgraded automotive engine cooling system modules that can handle more heat rejection in smaller space.
Asia-Pacific is dominating the Automotive Engine Cooling System Market, due to low cost labor and government’s support for industrialization in developing countries. Also, Asia-Pacific is estimated to witness the highest growth during the forecast period and to hold largest share till 2021. North America is leading with the next position, due to high adoption rate of engine cooling systems for automobiles. Europe is also registering moderate growth standing with third position followed by Rest of the World.
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Segmentations & Key Players Involved in the Automotive Engine Cooling System Market
The Automotive Engine Cooling System Market can be broken down into various segmentations on the basis of –
- Component: Engine Cooling Module, Cooling Fan Module, Cooling Fan Control Module, Cooling Fan, Cooling Fan Belt, Radiator Hose, Water Pump and Radiator and Others.
- Vehicle Type: Passenger Car, LCV & HCV.
- Region: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Automotive Engine Cooling System Market are as follows:
- Continental AG
- Denso Corporation
- Valeo SA
- Visteon Corporation
Why buy this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 – 2021, to assess how the market will develop.
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