The future of the global automotive radiator market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle. The global automotive radiator market is expected to reach an estimated $13.5 billion by 2022 and it is forecast to grow at a CAGR of 5.2% by value from 2017 to 2022. The major growth drivers of this market are increasing production of passenger cars and light commercial vehicles, increasing radiator aftermarket demands, and stringent government emission standard for fuel efficiency.
Emerging trends which have a direct impact on the dynamics of the automotive radiator industry include development of full-aluminum radiators and development of lead free and electrophoretically coated radiators.
On the basis of our comprehensive research, the researcher forecasts that the aluminum material segment is expected to show above average growth during the forecast period.
Within the global automotive radiator market, the passenger car segment is expected to remain the largest market. Increasing passenger car production is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest region due to high vehicle production, improvements in economic conditions, and increasing investments by the market players within the APAC region.
Behr Hella Service
Calsonic Kansei Corp
City Auto Radiator Co.
Mahle Behr Gmbh & Co. KG
Modine Manufacturing Company
Key Topics Covered:
1. Executive Summary
2. Automotive Radiator Market Background and Classifications