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Global automotive radiator market: 5.5% CAGR growth forecast between 2012-16

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Global Automotive Radiator Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:47:02
The Global Automotive Radiator market is to grow at a CAGR of 5.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing global demand for automotive heat exchangers. The Global Automotive Radiator market has also been witnessing the increasing demand for new and innovative automotive radiators in turbocharged engines. However, the increasing product complexity could pose a challenge to the growth of this market.

The increasing demand for radiators in hybrid powertrains is one of the trends in the Global Automotive Radiator market. Hybrid vehicles require additional low-temperature heat exchangers along with normal heat exchangers for regulated battery cooling. Automotive radiator vendors are focused on targeting this additional requirement, and they have introduced battery cooling systems. For instance, Behr supplies battery cooling systems for the Mercedes S400 BlueHYBRID. Other vendors are also in the process of providing battery cooling solutions for hybrid vehicles. Thus, the increasing demand for hybrid vehicles is leading to the growth of the Global Automotive Radiator market.

One of the major drivers in this market is the increasing demand for automotive heat exchangers. The demand for automotive heat exchangers has a direct and immediate positive effect on the growth of the Global Automotive Radiator market. Furthermore, the compliance with stringent emission norms is propelling the growth of the Global Automotive Radiator market.

The increasing product complexity due to changing customer requirements and norms is one of the major challenges faced by this market. In addition, various issues related to the packaging of automotive radiators are affecting the growth of the Global Automotive Radiator market.

The key vendors dominating this market space are Denso Corp., Behr GmbH & Co. KG., Valeo SA, and Visteon Corp.

Other vendors are Calsonic Kansei Corp., Delphi Automotive plc, Keihin Corp., Modine Manufacturing Co., and Sanden Corp.

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