LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive radiator aftermarket and it is poised to grow by USD 439.96 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive radiator aftermarket. The market growth in 2020 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by type, which is the leading segment in the market?
The passenger cars segment led the market in 2019.
What are the major trends in the market?
The high reliance on IC engines for mechanizing vehicles is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 3% during 2020-2024.
Who are the top players in the market?
CK Holdings Co. Ltd., DENSO Corp., General Motors Co., MAHLE GmbH, Modine Manufacturing Co., Nissens Group, Sanden Holdings Corp., Spectra Premium Industries Inc., TYC Brother Industrial Co. Ltd., and Valeo SA are the top players in the market.
What are the key market drivers and challenges?
The market is driven by increasing motorization rates globally. However, the increasing demand for EVs will challenge growth.
How big is the APAC market?
APAC dominated the market with a 64% market share in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CK Holdings Co. Ltd., DENSO Corp., General Motors Co., MAHLE GmbH, Modine Manufacturing Co., Nissens Group, Sanden Holdings Corp., Spectra Premium Industries Inc., TYC Brother Industrial Co. Ltd., and Valeo SA are some of the major market participants. Although the increasing motorization rates globally will offer immense growth opportunities, the increasing demand for EVs is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive radiator aftermarket forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Radiator Aftermarket 2020-2024: Segmentation
Automotive Radiator Aftermarket is segmented as below:
- Passenger Cars
- Commercial Vehicles
- North America
- South America
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Automotive Radiator Aftermarket 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive radiator aftermarket report covers the following areas:
- Automotive Radiator Aftermarket Size
- Automotive Radiator Aftermarket Trends
- Automotive Radiator Aftermarket Industry Analysis
This study identifies high reliance on IC engines for mechanizing vehicles as one of the prime reasons driving the Automotive Radiator Aftermarket growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Radiator Aftermarket 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive radiator aftermarket growth during the next five years
- Estimation of the automotive radiator aftermarket size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive radiator aftermarket
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive radiator aftermarket vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Vehicle type
- Market segments
- Comparison by Vehicle type
- Passenger cars - Market size and forecast 2019-2024
- Commercial vehicles - Market size and forecast 2019-2024
- Market opportunity by Vehicle type
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Landscape disruption
- Industry risks
- Vendors covered
- Market positioning of vendors
- CK Holdings Co. Ltd.
- DENSO Corp.
- General Motors Co.
- MAHLE GmbH
- Modine Manufacturing Co.
- Nissens Group
- Sanden Holdings Corp.
- Spectra Premium Industries Inc.
- TYC Brother Industrial Co. Ltd.
- Valeo SA
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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.