DUBLIN--(BUSINESS WIRE)--The "Global Automotive Powertrain Cooling System Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global automotive powertrain cooling system market to grow at a CAGR of 7.18% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is brazen copper to replace aluminum in powertrain cooling systems. Since 2000, aluminum has been predominantly preferred for manufacturing cooling systems in automobiles as it has a higher resistance to heat and weighs significantly less as compared with cast iron and steel. However, powertrain systems are increasingly becoming compact with mechanical items being replaced with electrical parts.
One driver in the market is high dependence on internal combustion engine vehicles. Internal combustion engines are highly preferred, especially in emerging countries, as high prices of electric and hybrid vehicles drive the demand for gasoline-and diesel-engine vehicles. Moreover, emerging countries like Indonesia, India, and China lack the required infrastructure to support the extensive use of alternative fuel vehicles. This is expected to drive the automotive powertrain cooling systems market during the forecast period.
One challenge in the market is preference for electric vehicles. The preference for electric vehicles is increasing, globally. Declining air quality levels, depleting petroleum reserves, and fluctuating costs of oil imports are compelling governing bodies to encourage the use of electric vehicles over internal combustion vehicles. Electric vehicles are non-polluting and more cost-effective as compared with internal combustion engines. Hence, increased preference for electric vehicles will cause internal combustion vehicles to be replaced with electric counterparts. This will constrict the growth of automotive powertrain cooling systems used in internal combustion engines.
- Johnson Electric
Other Prominent Vendors
- TitanX Engine Cooling
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Application
Part 07: Geographical Segmentation
Part 08: Key Leading Countries
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/wbt32z/global_automotive?w=4