Rising trend of engine downsizing for better fuel efficiency and performance is a major driving factor for the global automotive radiator market. In addition, stringent emission norms and automobile standards across the world are encouraging the use of environment friendly radiators in automobiles.
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A radiator is a component meant for cooling the internal combustion engine in automobiles, locomotives, aircrafts and motorcycles. Internal combustion engine is cooled by introducing a liquid know as engine coolant through the engine block where it gets heated and then through a radiator where it loses heat to the outside atmosphere.
After losing heat, the engine coolant is returned to the engine. Engine coolant are generally water based but can also be in the oil form.
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There are two types of radiators such as cross flow and down flow. Both these types of radiators have lower and upper tubes, which are used to antifreeze the coolant and circulate the radiator fluid in the cooling system of automobiles.
Hot radiator fluid enters the upper tube of the system and crosses through a number of smaller and thinner tubes where it is cooled by cooler air and returned back to the automobile’s engine through lower tube of the system. The vital difference between a cross flow and down flow radiator is the location of the tank of the radiators where the antifreeze coolant is stored.
A down flow radiator has its tank located above and below the radiator core. A cross flow radiator has its tanks located on the sides of the radiator core, where it cycles across the radiator core side to side.
Aluminum, brass and copper are the three major materials used for the manufacturing of a radiator. In the past 20 years, aluminum was the most used material for radiators.
However, aluminum are prone to pin-hole corrosion and expensive to repair. Therefore, copper and brass radiators, which are lighter, stronger and more durable than aluminum are finding more application in radiators as compared to aluminum.
The automotive radiator market can be classified by type, by material, by application and by geography. The type segment can be classified into cross flow and down flow.
By material, the market can be bifurcated into aluminum, copper and brass. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles.
By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Moreover, increasing production of vehicles and rising private equity investments in automotive radiator manufacturing companies is also set to bolster the growth of this market globally. In terms of market revenue share, Asia Pacific is expected to hold the largest share by the end of forecast period followed by Europe, North America, Latin America and, Middle East and Africa.
The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players.
In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before.
Key players in the global automotive radiator market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Denso Corporation, Behr GmbH &Co.KG., Dongfeng Radiator Co., Ltd., Delphi Automotive plc, Visteon Corp., Modine Manufacturing Co., Calsonic Kansei Corp., Valeo SA, Faret International Holdings Limited, Guangdong Faret Auto Radiator Co., Ltd., Anhui Fengyang Radiator Co., Ltd, Keihin Corp., Shandong Houfeng Group, Sanden Corp., Yonghong Radiator Company and Tianjin Auto radiator Co., Ltd., among others.
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