According to Stratistics MRC, the Global Automotive Radiator Fan Market is accounted for $3.23 billion in 2019 and is expected to reach $4.42 billion by 2027 growing at a CAGR of 4.0% during the forecast period. Rise in adoption of electronic systems in modern vehicles, technological advancements in the automotive industry and rising demand for fuel efficiency are some of the factors propelling the growth of the market. However, high maintenance cost is hampering the growth of the market.
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Based on the vehicle type, the passenger vehicle segment is anticipated to hold considerable market share during the forecast period due to the rise in passenger vehicles sales across the globe such as rapid urbanization, increase in per capita income, and decrease in bank interest rates. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to the presence of a prominent automotive industry, increasingly focusing on optimizing the performance of the vehicles because of stringent government guidelines and mounting environmental concerns, and rising vehicle production as well as sales of electric vehicles in China.
Some of the key players profiled in the Automotive Radiator Fan Market include Valeo SA, USUI Co. Ltd., Toshiba Electronics Devices & Storage Corporation, Suzhou Yilli Technology Co. Ltd., AVID Technology Limited, BorgWarner Inc., Multi-Wing International a/s, Horton Holdings Inc., Guangzhou Tech Master Auto Parts Co. Ltd., FLEXXAIRE, Ebm-Papst, Delta Radiator Fan Ltd., CalsonicKansei North America Inc., Bergstorm Climate Con troll Systems, SPAL Automotive, AMETEK Inc., Sunonwealth Electric Machine Industry Co. Ltd., and Denso Corporation.
Materials Covered:
• Composite
• Steel
• Plastics
• Copper
• Aluminium
Vehicle Types Covered:
• Commercial Vehicle
• Electric Vehicle
• Passenger Vehicle
Radiator Fan Types Covered:
• Electric
• Mechanical
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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