The car radiator market has been assessed at length to conclude definitive workable insights on market performance for the forecast tenure 2017-22. The report is an illustrative handbook of diverse market developments encompassing an overview of quintessential highlights such as macro and microeconomic determinants that maneuver market growth, also lending viable inputs on other concurrent factors that set the course of events for future growth trajectory in car radiator market.
According to the assessment of Fact.MR, the global car radiator market is forecasted to reach a figure of about US$ 4,970 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
Due to the increasing production of cars the world over and the increasing vehicle parc, the market for global car radiator is being boosted. Also, as there are stringent emission norms enacted by governments all over the world, the global automotive industry is now developing cars that are more fuel efficient and that give out minimum emissions. Due to this, there is a trend of producing hybrid vehicles and this trend is expected to continue during the coming years.
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To procure advanced automotive with superlative fuel efficiency and limited carbon trail, automakers have directed diverse R&D initiatives to offer improved car radiators to ensure light weight vehicles. Aluminum has long emerged as a potential substitute for traditional radiator materials such as copper and brass. However, owing to its multiple disadvantages such as poor rust resistance and high maintenance costs, automakers have paved way for superlative copper and brass based automotive radiators augmented by advanced technologies such as electrophoretic coating, no-flux brazing, and laser welding methods to ensure light weightiness.
Asia-Pacific region continues to supplement onward growth trend in car radiator space, on the back of increased car ownership and improved economic conditions. Advantages such as surged consumer demands and low labor costs have encouraged international players to embrace facility expansion strategies across emerging economies to cater to large consumer pools. Additionally, market players are also inclined towards sustaining dominant stance on the back of novel variants such as plastic based car radiators, thereby echoing industry specificities.
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Down-Flow Product Type Segment Slated to Touch a Value of More than US$ 2,500 Mn in 2022
According to the projections of Fact.MR, the down-flow product type segment is expected to reach a value of more than US$ 2,500 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The down-flow product type segment is estimated to account for nearly half of the revenue share of the product type segment by the end of the year 2017 and is expected to gain in market share by 2022 over 2017.
Radiator is a mechanical structure which aids in heat transfer between two mediums, which are generally fluid and air. A car radiator is a component generally located at the front side of an engine and is responsible for heating and cooling of engine and other components. The car radiator consists of metal fins, followed by a network of metal pipes, fan(s), fluid or coolant, tanks and radiator caps.
Car Radiator Market: Competition Landscape
The report also profiles companies that are expected to remain active in the expansion of global car radiator market through 2022, which include Valeo SA, Denso Corporation, MAHLE GmbH, Modine Manufacturing Company, Sanden Holdings Corporation, T.RAD Co., Ltd, TYC Brother Industrial Co., Ltd., Zhejiang Yinlun Machinery Co., Ltd and Banco Products (India) Ltd.
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