Scope of the Study
Improvements in automobile industry is driving the market. The car radiator is an essential component of cooling system in automobile and works as a heat exchanger. It transfer the heat through coolant to the air blown by fan. Mostly the aluminum radiators are used which are made of aluminum fins attached to aluminum tubes. As the automobile moves in different speeds, the engine needs to produce more power at high velocity which in turn requires an effective cooling system. In addition, it handles the heat generated while operating the engine.
The market study is being classified by Type (Cross-Flow Radiators and Down-Flow Radiators) and major geographies with country level break-up.
DENSO (Japan), Valeo (France), Hanon Systems (South Korea), Calsonic Kansei (Japan), Sanden (Japan), Delphi (Ireland), Mahle (Germany), T.RAD (Japan), Modine (United States) and DANA (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are U.S. Radiator, Inc (United States), Be Cool Radiators (United States) and Diesel Radiator (United States).
Research Analyst at AMA predicts that Europe Vendors will contribute to the maximum growth of Global Car Radiator market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Car Radiator market by Type, Application and Region.
On the basis of geography, the market of Car Radiator has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia), Europe (Germany, France, Italy, United Kingdom), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Disposable Income in developing economies are fuelling the market growth
- Increasing production and focused innovation in automobile
- Development in engine such as resizing for the fuel efficiency
- Decline in Global Economy has Reduced the Sales of Automobile
- Increasing demand of low temperature heat exchangers are boosting the market growth. The production of hybrid vehicles are increasing which require low temperature heat exchangers for battery cooling. Hence, with the increasing production the demand of radiators are growing which is contributing towards the market growth.
- Continuous changing customer requirements
Market Leaders and their expansionary development strategies
On October 2018, Calsonic has acquired Magneti Marelli. This acquisition will strengthen the position to serve its customers across the world.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisation, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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