Automotive Engine Cooling System Market: Overview
The critical component of a vehicle is the automotive engine cooling. Forty percent of the heat that is generated when the engine runs gets away through the frictional losses and the exhaust, 25% is used for the generation of the power and the 35% is transferred to the engine units. The engine can fail owing to the overheating if the heat absorbed is not exhausted. The cooling systems are used to prevent the engine from overheating by maintaining the engine temperature to normal condition.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Automotive Engine Cooling System Market: Facts
While checking whether the cooling systems are working properly the following things are taken into consideration such as fluid level and ailment, residue or fluids that shows easily indicators of damages or leaks, all the components, thermostat and the fans are properly functioning, hose belts and pipes are checked for indicators of holes or splits, and the corrosion.
Automotive Engine Cooling System Market: Segmentation
The global market for the automotive engine cooling system is fragmented into its components, vehicle type, and sales channel. Based on the components, the global market is segregated into water pumps, cooling fluid-coolant, cooling fan control module, cooling fan module, radiator, radiator hose, and others. Based on the vehicle type, the market is categorized into light commercial vehicle, passenger car, and heavy commercial vehicle. Based on the sales channel, the market is divided into aftermarket and OEM.
Automotive Engine Cooling System Market: Growth Factors
The demand for the automotive engine cooling system is growing owing to the growing requirement for the engine efficiency and the rise in the production of the automobiles. The opportunities for the automotive engine cooling system is increasing owing to the growing demand for the fuel efficiency and increasing requirement for the vehicles high performance. The manufacturers of the automobiles are focusing in downsizing the diesel and gasoline engines thus becoming an increasing challenge for the manufacturers of the automotive engine cooling system to make advancements in their engine cooling modules. Another factor that is driving the market growth is the upgradation of the automotive engine cooling system components so that they can manage more heat rejection in less space.
Automotive Engine Cooling System Market: Regional Analysis
The demand for the automotive engine cooling system is high in Europe and Asia Pacific region. The major factor that is contributing to the market growth in these regions is the increasing production of the automobiles. In the developing countries such as India, China, and Japan there will be an increased demand for the advanced engine cooling systems that will be integrated with technology. Other factors that are supporting the growth of the market in Asia Pacific region are rapid industrialization, low labor cost, and the supporting government policies.
Automotive Engine Cooling System Market: Competitive Players
The key market players that are involved in the automotive engine cooling system market include BorgWarner, Continental AG, Delphi Automotive LLP, Sogefi, Schaeffler Group, Visteon Corporation, Calsonic Kansei Corporation, Valeo SA, Denso Corporation, and Mahle GmbH.
Automotive Engine Cooling System Market: Regional Segment Analysis
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