Global Automotive Radiators Market Revenue is expected to surpass US$ 7 billion in 2018 – registering a CAGR of 4.6% between 2018 and 2028. Technological advancement is expected to shape the industry dynamics – thereby creating new market opportunity for market players.
Bekryl’s market research report, Global Automotive Radiators Market Size Analysis and Industry Opportunity, finds Asia Pacific to account for 43% of global sales in 2018. China and India will contribute 68% of total regional sales. Companies are emphasizing on development of radiators that weight lighter and could last for longer time span. As of now, aluminum based radiators dominate the market. Some of the leading manufacturers are coming up with copper-brass based radiators that are 25% to 30% lighter.
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Some key trends from the global Automotive Radiators market:
Trend#1: Aluminium Based Car Radiators to Dominate the Global Sales
Aluminum based car radiators are expected to account for over 80% of global sales in 2018. However, companies are coming up with new materials that are lighter in weight and in turn could boost overall revenue margin. Copper-brass based radiators will gain nearly 800 basis points during the forecast period.
Trend#2: Light Vehicles to account for highest market share
Much of the demand for automotive radiators will be from light weight vehicles including compact cars, luxury cars and SUVs. Light vehicles accounted for over 70% of market share in 2017.
Some key global Automotive Radiators Market Players are Valeo SA, Calsonic Kansei Corporation, Sanden Holdings Corporation, Kor tech Auto Industries Pvt. Ltd., Nissen A/S, T.RAD, Keihin Corporation, Zhejiang Yinlun Machinery Co., Ltd., Denso Corporation, Mahle GmbH, PWR Advanced Cooling Technology, Modine Manufacturing Company, TYC Brother Industrial Co. Ltd., Banco Products, Nissim India Private Limited, Spectra Premium, Saldana Racing Products MEZZO TECHNOLOGIES, INC., Griffin Thermal Products.
To know more industry related insights and Report Access, visit: https://bekryl.com/industry-trends/automotive-radiators-market-size-analysis
By Vehicle Type:
- Heavy Duty Vehicles
- Light Weight Vehicles
By Distribution Channel:
By Material Type:
- Aluminum Based Radiators
- Copper-Brass Based Radiators
- Cross Flow Type
- Down Flow
Brief Research Methodology:
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