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)
By Flow Structure ($ million from 2010 to 2021)
By Vehicle Type ($ million from 2010 to 2021)
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By End User ($ million from 2010 to 2021)
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 click on this link
http://www.lucintel.com/global_automotive_radiator_market_2016_2021.aspx or helpdesk@lucintel.com.
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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?