Recently a new comprehensive report titled “Global Market Study on Automotive Radiator: LCV Vehicle Type Segment Expected to Significantly Contribute to the Growth of the Global Market in the Coming Years” has been submitted to the vast database of Market Research Reports Search Engine (MRRSE). According to the report, the global automotive radiator market is projected to grow at 5.4% CAGR and surpass US$ 10 Bn in revenues by the end of 2025.
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According to the report, demand for automotive radiator is likely to increase on account of growing automotive sales in developing countries. Although there are fluctuations in automotive sales on a year-to-year basis, the long-term outlook on automotive sales in developing countries is likely to remain positive. This is likely to lead to an increase in automotive radiator sales around the globe.
Analyzing the demand-supply chain equation in the market, the report opines that domestic suppliers in the market have an upper hand, owing to their low labor costs and ability to procure raw materials from different channels. International players may find it difficult to penetrate these markets, and collaboration with domestic players can be a feasible market entry strategy.
The global automotive radiator market has been segmented into material type, vehicle type, sales channel type, product type and region. The material type segment is further sub-segmented into aluminum/plastic, aluminum and copper/brass. On the basis of vehicle type, the global market is divided into HCV, LCV and PC (van, sedan, sub compact, luxury, mid-size and compact). By sales channel type, the report bifurcates the global market as aftermarket and OEM. The product type segment is categorizes the global automotive radiator market into cross-flow and down-flow. Geographically, the global market is divided into key regions which are North America, Western Europe, Eastern Europe, Latin America, Asia Pacific and Middle East and Africa.
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According to the report, down-flow segment continues to be a leading product type segment, and is expected to grow at 5.9% CAGR during the assessment period. On the basis of material type, demand for aluminum/plastics is likely to reach a valuation of over US$ 8900 Mn by the end of the forecast period. Asia Pacific is likely to remain a lucrative market for automotive radiators during the assessment period, and the trend is likely to continue during the assessment period.
The report studies the product and business strategies of some of the leading players in the market. Some key players in the market include Valeo SA, Denso Corporation, Zhejiang Yinlun Machinery Co., Ltd., T.RAD Co., Ltd., Nissen A/S, Banco Products (I) Ltd., PWR Advanced Cooling Technology, Kor tech Auto Industries Pvt. Ltd., Griffin Thermal Products, MEZZO TECHNOLOGIES, INC., Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Keihin Corporation, Nissim India Private Limited., Spectra Premium and Saldana Racing Products.
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