Market Insights
Automotive Radiator Fan Market is likely to witness a CAGR of 3.8% during the forecast period. Major factors such as increasing use of passenger cars and commercial vehicles, rapid urbanization, growth in automotive industry and surge in vehicle production are expected to drive the growth of the market during the forecast period. Furthermore, growing use of air conditioning systems, rising demand for fuel-efficient vehicles, and increasing penetration of advanced cooling systems in passenger vehicles are likely to accelerate the market growth. In addition, increasing consumer per capita income, growing adoption of electronic systems in modern vehicles, and technological advancements in the automotive sector are expected to bolster the demand for automotive radiator fans in the coming years.
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Automotive Radiator Fan Market – Snapshot
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Growth
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3.8% for the next five years
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Major Fit Type
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Direct Fit
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Major Material Type
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Aluminum
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Major Vehicle Type
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Passenger Cars
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Region with the highest demand
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Asia-Pacific
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Key Players
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AMETEK Inc., BorgWarner Inc., Delta Radiator Fan Ltd., Denso Corporation, Horton Holdings Inc., Keihin Corporation, MAHLE GmbH, Robert Bosch GmbH, USUI Co. Ltd., and Valeo SA.
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Market Segments' Analysis
Automotive Radiator Fan Market Share: By Fit Type
Based on the fit type, the market is segmented as direct fit and universal fit. Direct fit fans are expected to hold the major share of the market due to their higher quality and durability. Furthermore, they are easier to install than universal fit fans, which require the use of a variety of straps and brackets.
Automotive Radiator Fan Market Share: By Material Type
Based on the material type, the market is segmented as steel, aluminum, and composite. Aluminum is estimated to be the leading material type during the forecast period. It is widely used due to the advantages it offers such as less density compared to steel, corrosion resistance and aesthetic look. In addition, growing demand for lightweight vehicles is further expected to drive the growth of the segment over the forecast period.
Automotive Radiator Fan Market Share: By Vehicle Type
Based on the vehicle type, the market is segmented as passenger cars, commercial vehicles, and electric vehicles. The passenger cars’ segment is estimated to account for the major share of the market during the forecast period due to surge in production of passenger cars, rapid urbanization, and increase in per capita income. Furthermore, the penetration of advanced cooling systems in passenger cars is expected to boost the growth of the market in the coming years.
Automotive Radiator Fan Market Share: By Region
In terms of regions, Asia-Pacific is estimated to be the leading region in the automotive radiator fan market during the forecast period, owing to the presence of a large number of automobile manufacturers, surge in vehicle production, increasing sales of passenger cars and commercial vehicles in the region, and stringent government regulations. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Market Scope & Segmentation
A radiator fan is a type of cooling fan used in automobile engines. It is a vital component that uses coolant to disperse the engine heat. It is located in front of an automobile.
This report studies the market covering a period of 12 years of trend and forecast.
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Automotive Radiator Fan Market Research Report - Features
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Market Segmentation
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6
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The automotive radiator fan market is segmented into the following categories.
Automotive Radiator Fan Market Size, Share, & Forecast, by Fan Type:
- Mechanical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Radiator Fan Market Size, Share, & Forecast, by Fit Type:
- Direct Fit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Universal Fit (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Radiator Fan Market Size, Share, & Forecast, by Material Type:
- Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Composite (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Radiator Fan Market Size, Share, & Forecast, by Vehicle Type:
- Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electric Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Radiator Fan Market Size, Share, & Forecast, by Sales Channel Type:
- OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Automotive Radiator Fan Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the material types by vehicle type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
