Category : Automotive, Transportation and Logistics | Published at : April-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global automotive cooling fan market size is expected to reach around US$ 68 Bn by 2027, and is anticipated to grow at a CAGR of around 4.3% in terms of revenue during the forecasting period 2020 – 2027.
Automotive cooling ventilated components including engine part such as cooling fan. Automotive cooling fans are main components of automotive cooling systems to saved heat produced by engine fuel combustion. Automotive cooling fans allow the engine, regardless of operating conditions, to run to an optimum temperature. automotive cooling fans draw or drag air through the radiator to remove the frost and retain motor temperature below the required temperature limit.
The report provides analysis of global Automotive Cooling Fan market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The increased demand for vehicles combined with growing competition for high-performance and affordable vehicles is increasing the market for lightweight, noiseless automobile engine refrigeration fans. Moreover, due to the rising need for motor performance and the increase in automobile output, need for the automobile engine cooling system is growing. Thanks to the growing need for reliability of fuel and the rising demand for high-performance cars, the prospects for the automobile cooling system are growing. Car makers are focused on reducing the diesel and petrol motors, making improvement on their engine cooling modules a growing challenge for the automobile refrigeration systems makers. In addition, due to their compact size and noiseless function, automotive refrigeration fans are gaining prominence in the racing and high-performance car industry, thus growing the demand for automotive refrigerant fans. In the years to come, cooling fans with new, vibration-free blade designs are expected to increase the market for car cooling fans. Strict fuel controls and the growing need for highly powerful motors will also help boost the manufacture of small and compact car cooling suppliers.
Regional Stance
The Asia-Pacific demand for automotive cooling fan is projected to continue to be the largest in the coming years, due to the involvement of the influential car factories in China, Japan and India, Asia Pacific dominated the automotive cooling fan industry. The automobile cooling fan demand in the near future is projected to be gradually growing in vehicle output in the world. Growing manufacture and selling of electric cars are driving the demand in China. China's market share is projected to remain strong during the forecast period due to a growth in the output and sale of electric vehicles in the region.
Report coverage
The market research study on “Automotive Cooling Fan Market (Electric Fan, Condenser Fan, Radiator Fan, Mechanical Fan; Automotive Cooling Fan Market By Vehicle Type: Commercial Vehicles, Passenger Cars; Automotive Cooling Fan Market By Sales Channel: Aftermarket, OEMs) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Cooling Fan market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automotive Cooling Fan market size, and segment markets by type, vehicle type, sales channel, and geography along with the information on companies operating in the market. The Automotive Cooling Fan market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Automotive Cooling Fan market is segmented as below:
Market Segmentation
Automotive Cooling Fan Market By Type
- Electric Fan
- Condenser Fan
- Radiator Fan
- Mechanical Fan
Automotive Cooling Fan Market By Vehicle Type
- Commercial Vehicles
- Passenger Cars
Automotive Cooling Fan Market By Sales Channel
- Aftermarket
- OEMs
Automotive Cooling Fan Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such as DENSO CORPORATION, AMETEK Inc., Horton Holding, Inc., Flexxaire Inc., Multi-Wing America, Inc., Sunonwealth Electric Machine Industry Co. Ltd, SPAL Automotive, Others.
Frequently Asked Questions
The global automotive cooling fan market size is expected to reach around US$ 68 Bn by 2027.
The global automotive cooling fan market is anticipated to grow at a CAGR of around 4.3% in terms of revenue during the forecasting period 2020 to 2027.
The Asia-Pacific demand for automotive cooling fan is projected to continue to be the largest in the coming years.
Participants include major global players such as DENSO CORPORATION, AMETEK Inc., Horton Holding, Inc., Flexxaire Inc., Multi-Wing America, Inc., Sunonwealth Electric Machine Industry Co. Ltd, SPAL Automotive, Others.
Aftermarket and OEMs are the sales channels of automotive cooling fan market.
Commercial Vehicles and Passenger Cars are the vehicle types of automotive cooling fan market.
The Automotive Cooling Fan market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
