According to a new market report published by
Lucintel, the future of the global automotive radiator market looks good with opportunities
in the passenger car, light commercial vehicle, and heavy commercial vehicle. The
global automotive radiator market is expected to reach an estimated $12,833 million
by 2021. The global automotive radiator market is forecast to grow at a CAGR of
5.0% by value from 2016 to 2021. The major driver of growth for this market is increase
in the production of passenger car and light commercial vehicles.
In this market, aluminum and copper/brass are
two segments by material type and passenger car, light commercial vehicle, and heavy
commercial vehicle are some of the major segments of automotive radiator by
vehicle type. On the basis of its comprehensive research, Lucintel forecasts
that the passenger car and heavy commercial vehicle segments are expected to
show above average growth during the forecast period.
Within the global automotive radiator market, the
passenger car segment is expected to remain as the largest market. Increase in
passenger car production is expected to spur growth for this segment over the
forecast period.
Asia Pacific is expected to remain the largest
market due to high vehicle production, improvement in the economic conditions
and increasing investment by the market players within the APAC region.
APAC and Rest of the World are expected to witness
significant growth over the forecast period because of increase in the
passenger car and light commercial vehicle production in China and Brazil.
For business expansion, report suggests
innovation and new product development to produce lightweight and low cost
radiators. The report further suggests the development of partnerships with
customers to create win-win situations and development of low-cost solutions
for customers.
Emerging trends, which have a direct impact on
the dynamics of the industry, includes development of full-aluminum radiators
and environment-friendly radiators. Denso Corporation, Valeo SA, Calsonic
Kansei Corporation, Sanden Corporation, and Mahle Behr Gmbh & Co. KG are
the major radiator manufacturers in the global automotive radiator market. Some
companies are opting for merger & acquisition as strategic initiatives for
driving growth.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in
global automotive radiator market by material, flow structure, vehicle type, end
user and region, and has come up with a comprehensive research report, “Growth
Opportunities in Global Automotive Radiator Market 2016-2021: Trends, Forecast,
and Opportunity Analysis”. The Lucintel report serves as a springboard
for growth strategy, as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the global
automotive radiator market by material, flow structure, vehicle type, end user,
and region, as follows:
By Material ($ million from 2010 to 2021):
·
Aluminum
·
Copper/Brass
By Flow Structure ($ million from 2010 to
2021):
·
Down-Flow
·
Cross-Flow
By Vehicle Type ($ million from 2010 to 2021):
·
Passenger Car
·
Light Commercial Vehicle
·
Heavy Commercial Vehicle
By End User ($ million from 2010 to 2021):
·
OEM
·
Aftermarket
By region ($ million from 2010 to 2021):
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
232-page research report will enable you to make confident
business decisions in this globally competitive marketplace. For a detailed
table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
Lucintel offerings include Mass Transportation, Transportation Market Report, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1 What are some of the most promising,
high-growth opportunities for automotive radiator market by material type, flow
structure, vehicle type, end user and regions?
Q. 2.
Which segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6 What are emerging trends in this market and
reasons behind them?
Q.7 What are some changing demands of customers
in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 How is the competitive rivalry and threat of
substitution in this market?
Q.11. What are M&A activities in the last 5
years in this market? What reasons to these
activities and how have they impacted the industry?
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