NEW
YORK, June 21, 2024 /PRNewswire/ -- The
global automotive radiator fan market size is
estimated to grow by USD 251.6
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of about 7.08% during the
forecast period. Increasing demand for fuel-efficient
vehicles is driving market growth, with a trend
towards replacement of mechanical fans with electric radiator
fans. However, increasing adoption of evs poses a
challenge. Key market players include Air International Thermal
Systems, AMETEK Inc., Bergstrom Inc., BorgWarner Inc., Delta
Electronics Inc., DENSO Corp., Flexxaire Inc., HELLA GmbH and Co.
KGaA, Horton Holding Inc., Johnson Electric Holdings Ltd., MAHLE
GmbH, Marelli Holdings Co. Ltd., Multi Wing America Inc., Nidec
Corp., NRF BV, Robert Bosch GmbH, SPAL Automotive Srl, Sunonwealth
Electric Machine Industry Co. Ltd., Toshiba Corp., and Valeo
SA.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Ring type and Box
type), Application (Passenger cars, LCVs, and M and HCVs), and
Geography (APAC, Europe, North America, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Air International
Thermal Systems, AMETEK Inc., Bergstrom Inc., BorgWarner Inc.,
Delta Electronics Inc., DENSO Corp., Flexxaire Inc., HELLA GmbH and
Co. KGaA, Horton Holding Inc., Johnson Electric Holdings Ltd.,
MAHLE GmbH, Marelli Holdings Co. Ltd., Multi Wing America Inc.,
Nidec Corp., NRF BV, Robert Bosch GmbH, SPAL Automotive Srl,
Sunonwealth Electric Machine Industry Co. Ltd., Toshiba Corp., and
Valeo SA
|
Key Market Trends Fueling Growth
The automotive radiator fan market is experiencing growth due to
the adoption of electric radiator fans. These fans enhance engine
cooling and air conditioning at idle states, increasing horsepower
and improving fuel efficiency. Electric fans draw power from the
vehicle's electrical system, eliminating parasitic horsepower loss.
Consistency in cooling is ensured, and fans can be mounted in
various positions with adjustable thermostats. Available in
multiple sizes and configurations, electric fans maximize power and
fuel efficiency under extreme weather conditions.
The Automotive Radiator Fan market is experiencing significant
growth due to the increasing demand for efficient cooling systems
in vehicles. Companies are focusing on developing advanced fan
technologies, such as electric fans and thermoelectric fans, to
meet this demand. The use of composite materials in radiator fan
manufacturing is also on the rise, as they offer lightweight and
durable solutions. Additionally, the integration of sensors and
control systems in radiator fans is trending, enabling better
temperature regulation and fuel efficiency. Overall, the market is
driven by factors like rising vehicle production and the need for
eco-friendly technologies.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The automotive radiator fan market faces challenges due to the
rising adoption of Electric Vehicles (EVs). Eliminating the need
for engines and transmission systems in EVs reduces the demand for
radiator fans. Government initiatives, battery technology
advancements, and charging infrastructure improvements have
accelerated EV market growth. These factors may impede the
automotive radiator fan market's expansion during the forecast
period.
- The Automotive Radiator Fan market faces several challenges.
Engines run hot during operation, requiring effective cooling
systems. Regulations drive the need for fuel efficiency and
lightweight materials. Radiator fans play a crucial role in engine
cooling. However, factors like climate, driving conditions, and
vehicle type impact fan design and functionality. Engines in
extreme temperatures require more powerful fans. Conversely, in
milder climates, fans must be efficient to save fuel. Additionally,
the trend towards electric and hybrid vehicles poses challenges for
fan manufacturers. They must design fans that work with different
cooling systems and meet specific vehicle requirements. Closures,
materials, and technology are key areas of focus to address these
challenges.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This automotive radiator fan market report extensively covers
market segmentation by
- Type
- 1.1 Ring type
- 1.2 Box type
- Application
- 2.1 Passenger cars
- 2.2 LCVs
- 2.3 M and HCVs
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Ring type- The ring type segment of the
automotive radiator fan market features circular or ring-shaped
fans, known for their compact size, lightweight construction, and
efficient airflow. These fans are popular in smaller vehicles due
to their improved cooling efficiency and space savings. The global
market for ring type radiator fans is fueled by the automotive
industry's expansion, including passenger cars, LCVs, and M and
HCVs. Key factors driving demand include increased vehicle
production, consumer preference for fuel-efficient vehicles, and
stricter emission regulations. Major players like Denso and
BorgWarner provide a range of ring type fans with various
specifications and features to meet the needs of vehicle
manufacturers. These fans are often made using lightweight
materials to reduce weight and boost fuel efficiency.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Automotive Radiator Fan Market is experiencing significant
growth due to the increasing focus on fuel efficiency and
electrification in the transportation sector. Emissions regulations
are driving the demand for advanced cooling solutions, leading to
the development and implementation of efficient fan technology.
However, some factories are closing due to flawed mechanisms in the
supply chain, which may impact the optimum level of production and
delivery. Sustainability and technological advancement are key
elements shaping the market, requiring coordination between vehicle
manufacturers and components suppliers to ensure a smooth journey
from Point A to Point B.
Market Research Overview
The Automotive Radiator Fan market encompasses the production,
supply, and installation of radiator fans used in various vehicle
models. These fans ensure efficient cooling of engine compartments
by circulating air through the radiator. The market is driven by
factors such as increasing vehicle production and sales, stringent
emission norms, and the growing demand for fuel-efficient vehicles.
The use of advanced materials like aluminum and composite materials
in radiator fan manufacturing contributes to the market's growth.
Additionally, the integration of electric fans and thermostats in
radiator systems enhances vehicle performance and fuel economy. The
market also faces challenges such as the high cost of raw materials
and the increasing competition from aftermarket players. Overall,
the Automotive Radiator Fan market is expected to grow steadily due
to the rising demand for cooling systems in the automotive
industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Passenger Cars
- LCVs
- M And HCVs
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio