Automotive Radiator Market to Reach $13.5 Billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research

The global automotive radiators market is experiencing growth due to several factors such as growing vehicle production, stringent regulations on the automobile industry and rising demand for electric and hybrid vehicles 

Wilmington, Delaware, Aug. 16, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Automotive Radiator Market by Radiator (Copper-Brass, Plastic, and Aluminum), Vehicle type (Passenger Car and Commercial Car) and Distribution Channel (OEM and Aftersales): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the automotive radiator market was valued at $8.6 billion in 2023, and is estimated to reach $13.5 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032. 

Prime determinants of growth 

The global automotive radiators market is experiencing growth due to several factors such as growth in vehicle production, stringent regulations in the automobile industry and rise in demand for electric and hybrid vehicles. However, factors such as fluctuation in prices of raw material and high maintenance cost hinder market growth to some extent. Moreover, rise in trend towards downsizing engine size and increase in aftermarket demand offer remunerative opportunities for the expansion of the global automotive radiators market. 

Request Sample of the Report on Automotive Radiator Market Forecast 2032: https://www.alliedmarketresearch.com/request-sample/A11411 

Report coverage & details: 

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$8.6 billion
Market Size in 2032	$13.5 billion
CAGR	5.2%
No. of Pages in Report	280
Segments Covered	Product, Material, Vehicle Type, Distribution Channel, and Region.
Drivers	Growth in vehicle production
	Stringent regulations on the automobile industry
	Rise in demand for electric and hybrid vehicles
Opportunities	Rise in trend towards downsizing engine size
	Increase in aftermarket demand
Restraint	Fluctuation in prices of raw material
	High maintenance cost

Procure Complete Report (280 Pages PDF with Insights, Charts, Tables 185, and Charts 60): https://www.alliedmarketresearch.com/checkout-final/automotive-radiator-market-A11411 

Segment Highlights 

By product, the crossflow segment dominated the market share, owing to crossflow radiators being better at cooling as compared to traditional downflow radiators. Crossflow radiators enable more effective heat transfer, which is crucial for modern and powerful engines that generate high amounts of heat. As the demand for powerful engines is growing, the demand for crossflow radiators is witnessing growth to meet the escalating demands of the automotive sector. This can be attributed to the growing demand for space saving in modern automobiles as crossflow radiators are designed to fit into smaller spaces within the vehicle’s engine compartment. 

By material, the aluminum segment dominated the market share, due to aluminum radiators being more efficient at dissipating heat compared to traditional copper or brass radiators. Additionally, aluminum radiators are significantly lighter than copper or brass, making them more suitable for modern vehicles where weight reduction is important; they also help to improve fuel efficiency and overall vehicle performance. 

By vehicle type, the passenger vehicle segment dominated the global market share, the growth of the segment is driven by growing urbanization and the rising population in cities, driving the need for personal mobility solutions. Additionally, changing consumer preferences and growing disposable income contribute to the growing demand for passenger cars. Furthermore, the rising environmental concerns towards reducing emissions from vehicles are resulting in increasing demand for electric and other alternative fuel vehicles, further contributing to the growth of the market. 

By distribution channel, the increased demand for ageing radiator repair and maintenance is driving the demand for the aftermarket segment. Moreover, the ageing vehicle fleet on roads requires continuous upgrades and replacement of older radiators. Furthermore, the replacement of radiators from the aftermarket is more cost-effective as compared to OEM, thus further contributing to the growth in market demand. 

Regional Outlook 

The rapid industrialization in countries such as China, India and other Southeast Asian countries are experiencing rapid economic growth and growing industrialization leading to increasing disposable income among consumers. Thus, the growth in urbanization, and increase in disposable incomes result in growing automobile sales; thus, creating more demand for automotive radiators. 

To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A11411 

Players:

• Denso Corporation   
• Visteon Corporation   
• MODINE MANUFACTURING COMPANY   
• Valeo SA   
• Marelli Corporation   
• Faret International Holdings Limited   
• Mahle GmbH   
• KOYORAD Co., Ltd.   
• CSF Cooling   
• Griffin Thermal Products 

The report provides a detailed analysis of these key players in the global automotive radiators market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Development: 

• On April 12, 2024, Mahle GmbH secured two orders for thermal management modules from two of the major electric vehicle OEM manufacturers around the world. The total value of the order was around $1.62 billion, and it marks the largest order in the history of the company. The company is ramping up its production of thermal management modules which include batteries, vehicle cabins, powertrain automotive radiators and power electronics products.   

Browse More Trending Reports 

Go Kart Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Application and Seating Capacity : Global Opportunity Analysis and Industry Forecast, 2021-2030 

Motorcycle Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Propulsion Type, by Price Range : Global Opportunity Analysis and Industry Forecast, 2021-2031 

Automotive Traction Inverters Market Size, Share, Competitive Landscape and Trend Analysis Report, by Propulsion type, by Output power, by Semiconductor material, by Technology type, by Vehicle type : Global Opportunity Analysis and Industry Forecast, 2023-2032 

Car Leasing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Lease, by Vehicle and, by End-user : Global Opportunity Analysis and Industry Forecast, 2023-2032  

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 
1209 Orange Street, 
Corporation Trust Center, 
Wilmington, New Castle, 
Delaware 19801 USA. 
USA/Canada (Toll Free): 
+1-800-792-5285 
UK: +44-845-528-1300 
Hong Kong: +852-301-84916 
India (Pune): +91-20-66346060 
Fax: +1-800-792-5285 
[email protected] 

Web: www.alliedmarketresearch.com 

AMR Resource Center: https://www.alliedmarketresearch.com/resource-center