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Global Passenger Car Radiator Market: By Type (Copper-Brass, Plastic, and Aluminum), Application (SUV, Sedan, and Others), Distribution Channel (OEM, and Aftersales) and Region (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa) - Forecast till 2030.
What is a Passenger Car Radiator?
A radiator is an engine that cools internal combustion in automobiles, locomotives, planes, and motorbikes. It has an engine coolant, a liquid embedded inside and is used to keep the components cool. When the engine block heats up, the coolant cools it down and then passes it via a radiator, where it loses heat to the outside atmosphere. Engine coolant returns to its original place once it has cooled.Growth Driver
Increasing adoption of the HVAC system
The demand for comfort & convenience functions in vehicles has increased significantly with rising disposable income, the rise in purchasing power, & changes in buyer preferences are propelling the demand of the Passenger Car Radiator Market. OEMs are now offering various advanced comfort and convenience functions to stay ahead in the competition. Previously, the HVAC system was only available in high-end and mid-range passenger cars. It is now, however, a standard feature in all passenger cars. Several governments throughout the world have enacted regulations governing cabin HVAC equipment. For example, the Indian government intends to require all commercial cars to have an air conditioning system. The market for HVAC systems in commercial and off-highway vehicles is being driven by these rules and growing awareness of driver safety.Restraints
Upcoming emission norms
Concerns about environmental degradation have heightened the need to reduce carbon dioxide (CO2) and nitrogen oxide (NOx) emissions. Governments have tightened emission regulations worldwide, which will hamper the growth of the Passenger Car Radiator Market. On the other hand, emission standards have no bearing on consumers’ desire to acquire a high-performance vehicle. As a result, original equipment manufacturers (OEMs) are devising solutions to meet the rigorous emission standards. Changes in vehicle dynamics, weight reduction, green telematics, and other factors have been driven by the need to cut vehicle emissions. However, as pollution rules become more stringent, the EGR system may be replaced with more efficient technology, such as Selective Catalytic Reduction (SCR).Pre Covid-19 impact
Due to significant advancements in new technology, the passenger car radiator market underwent certain structural changes in the pre-covid19 era. Artificial intelligence (AI) and machine learning dramatically improve robotic efficiency, accuracy, and consistency in the manufacturing process. OEMs added attractive features and enhanced revenue growth using Level 2 automation, including active safety systems and driver assistance.Covid-19 impact
The COVID-19 epidemic has caught everyone unprepared and pushed most countries and economies into crisis. Because of a reduction in demand worldwide, the OEM and aftermarket divisions of the worldwide Passenger Car radiator market are expected to have negative growth in the year 2021. Businesses will continue to suffer due to trade restrictions and reduced production operations until the virus is eliminated. Following the pandemic, the market will gradually gain momentum and return to its normal growth rate.Post Covid-19 impact
Post covid-19, various factors will influence the Passenger Car radiator market’s growth in different regions. The Passenger Car radiator market will be driven by the increasing adoption of hybrid power trains, growing technological developments, a growing agricultural sector driving demand for heavy commercial vehicles, increasing investments in research and development, rising infrastructure investment. However, factors such as aftermarket counterfeiting may obstruct the global Passenger Car radiators market’s steady growth.Type Segmental Analysis
By Type, the Passenger Car radiator market is categorized as Copper-Brass, Plastic, Aluminum, and others. Because of its high adoption rate, the aluminum sector is the largest in the passenger car radiator market by material.Distribution channel analysis
By Distribution Channel, the Passenger Car radiator market is segmented into OEM and Aftersales. The OEMs sector is expected to lead the global market with a large market value throughout the forecast period. The aftermarket segment, by sales channel, is expected to grow at a reasonably high-value CAGR over the forecast period.Application Segmental Analysis
By Application, the Passenger Car radiator market is segmented into SUVs, sedans, and Others. The SUV car segment is accounted as most profitable and has the most growth potential in the market. It can be accounted to the advancements in passenger automobile technology. The segment of the Sedan car is the second-largest in terms of market share.Region Segmental Analysis
The Passenger Car Radiator market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific market for Passenger Car radiators is expected to be the largest and fastest-growing. Asia – Pacific region is the world’s largest automobile market, with growing economies like China and India existing with developed economies like South Korea and Japan. Because of low production costs and the availability of inexpensive labor, the Asia Pacific area has emerged as a hub for vehicle production in recent years. As a result, the Asia Pacific area has grown faster than Europe and North America’s mature markets.Competitor Analysis
Joint Radiator Factory, Denso Corporation, Modine Manufacturing Co., Valeo SA, Calsonic Kansei Corp., Dongfeng Radiator Co., Ltd, Visteon Corp, Delphi Automotive plc, Faret International Holdings Limited, Anhui Fengyang Radiator Co., Ltd, Guangdong Faret Auto Radiator Co., and Others are the Prominent Players of the Passenger Car Radiator market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Local Governments
- Tourists
- Ecological Groups
- Research organizations and consulting companies
- Tourism Agencies
- NGOs
- Regulatory bodies
Recent Developments
- In January 2023, the Guyana Manufacturing and Service Association signed an agreement with NBR Cooling System Pvt. Ltd. a renowned manufacturer a radiator-based company.
- In September 2021, Valeo and Leoni combine their skills to deliver the best-in-class solution for zone controllers, critical components of future vehicles.
- In May 2021, Hanon Systems announced the acquisition of the Corporation’s condenser business for certain operations in Europe and North America, expanding its ability to supply automakers with condenser technology and diversifying its customer base.
- In March 2020, MARELLI announced a strategic alliance with Transphorm Inc. to obtain vital access and insights into cutting-edge technology to develop electric vehicles, specifically power converters, onboard chargers, and inverters for electric and hybrid vehicles.
Scope of the Report
| Report Attribute | Details |
|---|---|
| Market Size Value in 2020 | USD 22.36 Billion |
| The revenue forecast in 2027 | USD 36.2 Billion |
| Growth Rate | CAGR of 6.25% from 2021 to 2027 |
| Historical data | 2017-2019 |
| Forecast period | 2021 – 2027 |
| Region covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Key companies Profiled | Joint Radiator Factory, Denso Corporation, Modine Manufacturing Co., Valeo SA, Calsonic Kansei Corp., Dongfeng Radiator Co., Ltd, Visteon Corp, Delphi Automotive plc, Faret International Holdings Limited, Anhui Fengyang Radiator Co., Ltd, Guangdong Faret Auto Radiator Co., and Other Prominent Players |
Market Modeling
By Type- Copper-Brass
- Plastic
- Aluminum
- SUV
- Sedan
- Others
- OEM
- Aftersales
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
4.11. Pre Covid-19 Impact
4.12. Covid-19 Impact
4.13. Post Covid-19 Impact
- Global Passenger Car Radiator Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Type
5.2.1.1. Copper-Brass
5.2.1.2. Plastic
5.2.1.3. Aluminum
5.2.2. By Application
5.2.2.1. SUV
5.2.2.2. Sedan
5.2.2.3. Others
5.2.3. By Distribution Channel
5.2.3.1. OEM
5.2.3.2. Aftersales
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. The Middle East & Africa
5.2.4.5. South America
- North America Passenger Car Radiator Market, 2017-2030
6.1. North America Passenger Car Radiator Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Passenger Car Radiator Market Share & Forecast, 2017-2030
6.2.1. By Type
6.2.1.1. Copper-Brass
6.2.1.2. Plastic
6.2.1.3. Aluminum
6.2.2. By Application
6.2.2.1. SUV
6.2.2.2. Sedan
6.2.2.3. Others
6.2.3. By Distribution Channel
6.2.3.1. OEM
6.2.3.2. Aftersales
6.2.4. By Country
6.2.4.1. U.S
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. By Price Point Analysis
6.2.6. Company Market Share (Top 3-5)
6.2.7. Manufacturer & Distributor List (Top 5)
6.2.8. Economic Impact Study on North America Passenger Car Radiator Market
- Europe Passenger Car Radiator Market, 2017-2030
7.1. Europe Passenger Car Radiator Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Passenger Car Radiator Market Share & Forecast, 2017-2030
7.2.1. By Type
7.2.1.1. Copper-Brass
7.2.1.2. Plastic
7.2.1.3. Aluminum
7.2.2. By Application
7.2.2.1. SUV
7.2.2.2. Sedan
7.2.2.3. Others
7.2.3. By Distribution Channel
7.2.3.1. OEM
7.2.3.2. Aftersales
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. By Price Point Analysis
7.2.6. Company Market Share (Top 3-5)
7.2.7. Manufacturer & Distributor List (Top 5)
7.2.8. Economic Impact Study on Europe Passenger Car Radiator Market
- Asia Pacific Passenger Car Radiator Market, 2017-2030
8.1. Asia Pacific Passenger Car Radiator Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Passenger Car Radiator Market Share & Forecast, 2017-2030
8.2.1. By Type
8.2.1.1. Copper-Brass
8.2.1.2. Plastic
8.2.1.3. Aluminum
8.2.2. By Application
8.2.2.1. SUV
8.2.2.2. Sedan
8.2.2.3. Others
8.2.3. By Distribution Channel
8.2.3.1. OEM
8.2.3.2. Aftersales
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia pacific
8.2.5. By Price Point Analysis
8.2.6. Company Market Share (Top 3-5)
8.2.7. Manufacturer & Distributor List (Top 5)
8.2.8. Economic Impact Study on Asia-Pacific Passenger Car Radiator Market
- The Middle East & Africa Passenger Car Radiator Market, 2017-2030
9.1. The Middle East & Africa Passenger Car Radiator Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Passenger Car Radiator Market Share & Forecast, 2017-2030
9.2.1. By Type
9.2.1.1. Copper-Brass
9.2.1.2. Plastic
9.2.1.3. Aluminum
9.2.2. By Application
9.2.2.1. SUV
9.2.2.2. Sedan
9.2.2.3. Others
9.2.3. By Distribution Channel
9.2.3.1. OEM
9.2.3.2. Aftersales
9.2.4. By Country
9.2.4.1. Saudi Arabia
9.2.4.2. UAE
9.2.4.3. South Africa
9.2.4.4. Rest of The Middle East & Africa
9.2.5. By Price Point Analysis
9.2.6. Company Market Share (Top 3-5)
9.2.7. Manufacturer & Distributor List (Top 5)
9.2.8. Economic Impact Study on The Middle East & Africa Passenger Car Radiator Market
- South America Passenger Car Radiator Market, 2017-2030
10.1. South America Passenger Car Radiator Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Passenger Car Radiator Market Share & Forecast, 2017-2030
10.2.1. By Type
10.2.1.1. Copper-Brass
10.2.1.2. Plastic
10.2.1.3. Aluminum
10.2.2. By Application
10.2.2.1. SUV
10.2.2.2. Sedan
10.2.2.3. Others
10.2.3. By Distribution Channel
10.2.3.1. OEM
10.2.3.2. Aftersales
10.2.4. By Country
10.2.4.1. Brazil
10.2.4.2. Argentina
10.2.4.3. Rest of South America
10.2.5. By Price Point Analysis
10.2.6. Company Market Share (Top 3-5)
10.2.7. Manufacturer & Distributor List (Top 5)
10.2.8. Economic Impact Study on South America Passenger Car Radiator Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. Joint Radiator Factory
11.7.2. Denso Corporation
11.7.3. Dongfeng Radiator Co., Ltd
11.7.4. Visteon Corp
11.7.5. Delphi Automotive plc
11.7.6. Modine Manufacturing Co.
11.7.7. Valeo SA
11.7.8. Calsonic Kansei Corp.
11.7.9. Faret International Holdings Limited
11.7.10. Anhui Fengyang Radiator Co., Ltd
11.7.11. Guangdong Faret Auto Radiator Co.
11.7.12. Other Prominent Players.
Frequently Asked Questions (FAQ):
Global Passenger Car Radiator Market is estimated to reach 8.2 billion in 2030 and it was valued at USD 4.7 billion in 2022.
The Passenger Car Radiator market is growing at a CAGR of 6.25% during the forecast period.
A radiator is a combustion engine that cools internal combustion in automobiles, locomotives, planes, and motorbikes.
Increasing adoption of the HVAC system and the growing trend of engine downsizing for greater fuel efficiency and performance are the growth drivers of the Passenger Car Radiator market.
Joint Radiator Factory, Denso Corporation, Modine Manufacturing Co., Valeo SA, Calsonic Kansei Corp., Dongfeng Radiator Co., Ltd, Visteon Corp, Delphi Automotive plc, Faret International Holdings Limited, Anhui Fengyang Radiator Co., Ltd, Guangdong Faret Auto Radiator Co., and Others are the Prominent Players of the Passenger Car Radiator market.
