Global Car Cooling Fans Market Overview:
The car cooling fan plays a very important role in the cooling of car components such as transmission systems, heating, ventilation & air conditioning, and engine of the vehicle. The thermal output of these components has a direct impact on the fuel economy and performance of the vehicle wherein the cooling fan plays a vital role. Furthermore, the demand for air conditioning system in vehicles is also increasing owing to rising vehicle production wherein condenser cooling fan plays an important role by absorbing all the heat from air conditioning system and provides cool air to the system. Moreover, the production of sports cars is also increasing where high-power engines are required and there is a high demand for cooling fans for keeping the system work properly and efficiently. Therefore, increasing global passenger car sales and fleet, growing production of electric vehicles, and increasing demand for maintenance & repair propelled by rising demand for higher fuel efficiency in vehicles are some of the major factor driving the growth of car cooling fan market globally.
- Rising Passenger Vehicle Sales And Fleet Across the World
- Growing Production of Electric Vehicles
- Increasing Demand for Maintenance and Repair Propelled by Rising Demand for Higher Fuel Efficiency in Vehicles
- Rising Demand for High-Performance and Racing Cars
- Rising Shift From Traditional Fuel Vehicles to Electric Vehicles
- Improper Fan Motor and Defective Fan Control Module Can be A Challenge for Users
The vendors in this market are focusing on developing new product compiled with new technologies for the growing number of high-power/high-performance engines to cater to market demands and remain competitive in the market.
Some of the key players profiled in the report are Continental AG (Germany), DENSO CORPORATION (Japan), Gentherm corporation (United States), Johnson Electric Holdings Limited (Hong Kong), NRF (The Netherlands), Robert Bosch GmbH (Germany), SPAL Automotive Srl (Italy), Sunonwealth Electric Machine Industry Co. Ltd. (Taiwan), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan) and VALEO SERVICE (Russia). Analyst at AdvanceMarketAnalytics see Germany Vendors to retain maximum share of Global Car Cooling Fans market by 2025. Considering Market by End User, the sub-segment i.e. OEMs will boost the Car Cooling Fans market.
In November 2017, Gentherm announced the acquisition of Etratech Enterprises, Inc. worth USD 64 million which specializes in design, development and manufacturing of advanced electronic controls and control systems for automotive, marine, security, medical and other industries
In August 2018, Continental AG launched VDO Hybrid Battery Cooling Fans for hybrid vehicles such as Ford C-Max and Fusion, Lexus CT 200h and ES 3000h, and Toyota Avalon, Camry, Prius, & Prius V models
Stringent Fuel Emissions Norms Will Require Engine to be Fuel Efficient That Will Drive the Demand for Cooling Fans Market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Cooling Fans market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Cooling Fans market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.