Off-Road Vehicles Cooling Fan Market Leading Players Envisioned By The Analysts Forecast

Transparency Market Research has published a new report titled, “Off-road Vehicles Cooling Fan Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global off-road vehicles cooling fan market is projected to reach US$ 2.7 Bn by 2026, expanding at a CAGR of 4.82% during the forecast period.

According to the report, the global off-road vehicles cooling fan market is likely to be driven by a range of macroeconomic and industry-specific factors. Asia Pacific is expected to be at the forefront of global demand, with the OEM market in the region expanding at a CAGR of 5.41% between 2018 and 2026.

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The cooling system in off-road vehicles plays an important role, and the radiator is a major component that keeps the engine cool. A radiator fan ensures air flow through the radiator. Electric radiator fans offer several benefits over mechanical fans, such as better cooling in heavy traffic situations, enhanced fuel-efficiency of the vehicle, and they also help comply with the stringent emission norms. Consequently, demand for electric radiator fan is likely to increase during the forecast period. The mechanical radiator fan can be further classified into three types: solid, flex and clutch. Solid fans are widely utilized in off-road applications; however, considering the latest trend, clutch type fans are gaining popularity among off-road vehicle manufacturers owing to their advantages over other fan types. Clutch type fans provide cooling when required and hence, they increase the overall efficiency by reducing the load on the engine.