Global Automotive Radiator Aftermarket 2018-2022 | Market Insights by Technavio
According to the market research report released by Technavio, the global automotive radiator aftermarket is expected to post a CAGR of nearly 3% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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According to the market research report released by Technavio, the global automotive radiator aftermarket is expected to post a CAGR of nearly 3% until 2022. (Graphic: Business Wire)
This research report titled ‘Global Automotive Radiator Aftermarket 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global automotive radiator aftermarket into the following regions:
- Americas
- APAC
- EMEA
In 2017, the APAC region accounted for nearly 56% of the global market and is projected to reach 57% by 2022, exhibiting almost 1% increase in market share.
Global automotive radiator aftermarket: Top emerging trend
The growing trend of compact and lightweight radiators is an emerging trend in the automotive radiator aftermarket space. A radiator is a heat exchanger that removes the excess heat from the engine to prevent the easy wear and tear. An automotive cooling system consists of a radiator, water pump, electric cooling fan, radiator pressure cap, and thermostat. Out of these components, the radiator is the most prominent part of the cooling system. OEMs are focusing on reducing the curb weight of the vehicle by using lightweight components and reducing the weight of the chassis to enhance fuel economy. This has led to an increase in the demand for lightweight and compact radiators without compromising on the cooling efficiency.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Automotive Radiator Aftermarket Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Calsonic Kansei, DENSO, MAHLE, Nissens, and Valeo)
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006155/en/
