Automotive Automotive Radiator Market | Page 2

Automotive radiator is cooling devices installed in order to keep the internal
combustion engine at proper operating temperature. Automotive radiator is a
heat exchanger and consists of series of tubes or channels mounted in parallel
arrangement. The coolant circulates through these channels and observes the
heat produced by the running engine. Further, a fan is used to observe the heat of
coolant and brigs its temperature down. These automotive radiators are generally
used in piston-engine aircrafts, motorcycles, cars, railway locomotive and other
automobiles.
Global automotive radiator market is anticipated to flourish at 4.5% CAGR over
the forecast period. Additionally, the global automotive radiator market is
envisioned to reach at notable revenue of USD 14.2 Billion by the end of 2024.
Increasing number of vehicles coupled with growing average life of cars is a major
factor which is likely to escalate the demand for automotive components such as
automotive radiators during the forecast period.
From raw materials to downstream buyers of this industry will be analyzed
scientifically, the feature of product circulation and sales channel will be
presented as well. In a word, this report will help you to establish a panorama of
industrial development and characteristics of the Automotive Radiator market.
Increasing Average Age of Vehicles
Rising average age of vehicles such as passenger cars and truck is a major factor
which is increasing the demand for automotive components across the globe. The
average life of vehicles in U.S. has been raised by 17% in last ten years. The rising
replacement of automotive components such as cooling system in old cars is a
major factor which is estimated to drive the growth of automotive radiator
market.
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Increasing Sales of Vehicles
Rising number of vehicles on road across the globe is increasing the demand for
vehicle components. Furthermore, growing automotive aftermarket market is
also predicted to foster the growth of automotive radiator market over the
forecast period.
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