Automotive Radiator Market to Reap Excessive Revenues by 2026

Seattle, WA -- (SBWire) -- 11/14/2019 --Vehicles run on complex engines, which help regulate the speed and safety of the vehicle. Radiators are one of the most essential parts of the automotive components that is used for cooling internal combustion engines. It is also used in piston-engine aircrafts, motorcycles, and similar applications. Generally, engine coolant used in radiator is water, however, oil can also be used in some cases. Increasing demand for fast-moving vehicles is increasing the demand for light-weight and highly effective radiators, to help cool the engine.

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Radiators are made up of different materials, depending on its application. Metal radiators have been replaced by aluminum/plastic radiators by large. Metal radiators, are heavy and costly, thus the demand for materials such as aluminum and plastic is increasing, as they are relatively light in weight and more cost-effective.
Market Dynamics- Drivers

Global automotive radiators market growth is expected to be driven by increasing adoption of hybrid powertrains.
Growing adoption of hybrid powertrain in automotive sector is expected to drive growth of the global automotive radiators market during the forecast period. Strict government policies imposed by various countries, in order to curb carbon emission is expected to boost the demand for automotive radiators in the near future.

The regulations such as Low Emission Vehicle (LEV) III, Tier 3, and Super Ultra Low Emissions Vehicle (SULEV) are implied to ensure least carbon emissions. Moreover, growing preference of consumers towards hybrid vehicles, owing to their enhanced power and fuel-efficiency is driving the market growth. Hybrid vehicles require additional low temperature heat exchangers for regulated battery cooling along with normal heat exchangers. Therefore, increasing demand for additional low-temperature heat exchangers is projected to drive growth of the global automotive radiators market.

Radiators helps to protect the engines from overheating, which otherwise can damage the overall engine. In layman's term, radiators are heat exchangers that are used to cool engines. The heat generated by the engine is thus dissipated by radiators.

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Market Dynamics- Restraints
Increasing product complexity, owing to constant change in consumer requirements is expected to restrain growth of the global automotive radiator market during the forecast period.

Regional Outlook
Growing demand for automobiles in emerging economies of Asia Pacific and Central & South America, is expected to favor growth of the global automotive radiator market over the forecast period. North America and Europe are expected to witness moderate demand for automotive radiators, owing to sluggish economic growth and market saturation. Stringent regulatory norms pertaining to environmental considerations, particularly in the developed economies, are expected to positively impact growth of the market.

Competitive Landscape
Major companies operating in the global automotive radiator market include Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products.

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