NEW YORK, Dec. 16, 2016 /PRNewswire/ -- 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, by flow structure, by vehicle type, by end use, and region 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 spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in global automotive radiator market by material, by flow structure, by vehicle type, by end use, and region as follows:
By Material Type ($ 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 (Volume (million tons) and Value $ billion from 2010 to 2021)
North America Europe Asia Pacific Rest of the World
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?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in Global Automotive Radiator Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Growth opportunities in the global automotive radiator market size estimation in terms of value ($M) and volume (Million Units) shipment.Trend and forecast analysis: Global automotive radiator market trend (2010-2015) and forecast (2016-2021) by region and segment.Segmentation analysis: Global automotive radiator market size by material type, such as aluminum and copper in terms of value and volume shipment, by flow structure, such as cross-flow and down-flow in terms of value and volume shipment, by vehicle type, such as passenger car, commercial vehicle and heavy commercial vehicle in terms of value shipment, and by end user, such as OEM and aftermarket in terms of value shipment.Regional analysis: Global automotive radiator market breakdown by key regions, such as North America, Europe, Asia Pacific, and Rest of World.Growth opportunities: Analysis on growth opportunities in different regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of automotive radiator market suppliers.Emerging applications: Emerging applications of global automotive radiator in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
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