The Automotive Radiator Fan Market Size was valued at USD 52.30 billion in 2022 and is expected to reach USD 72.69 billion by 2030 and grow at a CAGR of 4.2% over the forecast period 2023-2030.
A radiator fan is an important component of radiator assembly. The radiator fan circulates air over the radiator fins, lowering the temperature of the coolant that flows through them. The radiator's primary function is to keep the engine, motor, components, and batteries of electric and hybrid vehicles cool. Automobiles would not be able to perform at their best if these components were not functioning properly. If the vehicle is performing poorly, it is more probable that other components may suffer as a result. A faulty mechanism may directly affect another component in the system, causing it to misfire, perform wrongly, or do things it shouldn't. The radiator fan is an important part of the car for a comfortable ride. Without the radiator fan working, getting from point A to point B would be a nightmare.
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The radiator fan is responsible for pulling cool air into the vehicle's radiator. The radiator fan is located between the radiator and the motor and is responsible for cooling the car. These cooling radiator fans come in use when the car is moving too slowly to acquire external ventilation and air cannot enter through the grille. The electric cooling radiator fan, which switches on and off when needed based on the internal vehicle temperature, is an improvement over engine-driven fans, which slow down at times when they are most needed. The engine can overheat if the radiator fan fails.
In 2020, At Auto Expo India, BorgWarner Inc. showcased various new technologies for vehicle propulsion that are both efficient and environmentally friendly. e-Booster, an electrically driven compressor, and a 48-volt electric fan were among the innovative technology.
KEY DRIVERS:
The growing demand for lightweight automobiles is likely to fuel the segment's expansion
The adoption of improved cooling systems in passenger automobiles
The M&HCV sales are increasing, which is helping the vehicle radiator fan market grow
Automakers are concentrating on improving the fuel economy of engines in order to lower vehicle operating expenses
RESTRAINTS:
The presence of other competitors who manufacture and provide radiator fans could be a stumbling block
The radiator fan requires replacement on a regular basis, which will likely raise the maintenance costs
OPPORTUNITIES:
Major main players' new product launches and R&D
Developing new manufacturing sites in emerging areas to capitalize on increased demand for autos
CHALLENGES:
Medical concerns and health awareness have increased
Anti-bacterial & anti-microbial conditioning systems are being developed by major automobile manufacturers
Radiator fans use more energy & are more sensitive to antifreeze chemicals, limiting their use in a few vehicles
Due to the advent of the innovative COVID-19 pandemic, the global automobile sector's wings have been clipped, and the automotive radiator fan market is predicted to rise slowly in 2020. Automotive radiator fan shipments are expected to fall in the second and third quarters of 2020 because to supply chain interruptions induced by the COVID-19 pandemic. While China's exports suffered a significant setback in the first quarter of 2020 as a result of the country's lockdown and containment measures, industries have progressively freed up, and automobile radiator fan production has resumed.
Furthermore, the slowing demand for autos has resulted in a significant drop in commodity costs. However, the COVID-19 crisis is projected to have an impact on the global automotive radiator fan market due to large-scale plant closures by OEMs in Europe and North America. In the post-COVID-19 era, some automotive businesses are looking to diversify their supply chains.
Based on the fit type segment, the global market has been divided into Direct fit, and Universal fit. Because of their improved quality and durability, direct fit fans are likely to take the lead in the industry. They're also easier to put together than universal fit fans, which require a number of straps and brackets.
The global market has been divided into Steel, Aluminum, and composite based on the material type segment. During the predicted period, aluminum is expected to be the most popular material. It is frequently utilized because of the benefits it provides, such as lower density than steel, corrosion resistance, and a pleasing appearance.
Based on the vehicle type segment, the global market has been divided into passenger cars, commercial vehicles, and electric vehicles. Due to an increase in passenger vehicle manufacturing, fast urbanization, and rising per capita income, the passenger car category is expected to account for the majority of the market during the projection period.
By Fit Type:
Direct Fit
Universal Fit
By Material Type:
Steel
Aluminum
Composite
By Vehicle Type:
Passenger cars
Commercial vehicles
Electric Vehicles
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North America, Europe, Asia-Pacific, and the rest of the globe are the regions in which the car radiator fan market is divided. There has been a steady increase in car manufacturing in Asia-Pacific, which is increasing the demand for automotive radiator fans in the region. After Asia-Pacific, North America is predicted to be the second-largest region in terms of market share. While China's exports suffered a significant setback in the first quarter of 2020 as a result of the country's lockdown and containment measures, industries have progressively freed up, and automobile radiator fan production has resumed. Furthermore, the slowing demand for autos has resulted in a significant drop in commodity costs. However, the crisis is projected to have an impact on the global automotive radiator fan market due to large-scale plant closures in Europe and North America.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Johnson Electric Holdings Limited (Hong Kong), Denso Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Mahle GmbH (Germany), Standard Motor Products (US), Robert Bosch GmbH. (Germany), Valeo (France), BorgWarner Inc (US), Brose Fahrzeugteile SE & Co. KG (Germany), USUI Co. Ltd. (Japan), Delta Radiator Fan LTD. (Taiwan), ASMO CO, LTD (Japan), Nidec Corporation (Japan), Keihin Corporation (Japan), and Toshiba Electronic Devices & Storage Corporation (Japan) are some of the affluent competitors with significant market share in the Automotive Radiator Fan Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 52.30 Billion |
| Market Size by 2030 | US$ 72.69 Billion |
| CAGR | CAGR of 4.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Fit Type (Direct Fit, Universal Fit) • by Material Type (Steel, Aluminum, Composite) • by Vehicle Type (Passenger Cars, Commercial vehicles, Electric Vehicles) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Orchid International, Dura Automotive System LLC, Brano Group, Tenneco Inc, Magna International Inc., Eberhard Manufacturing Company, Aisin Seiki Co. Ltd, Milan Metal System LLC, Wenzhou Rongan Auto Parts Co., Ltd, Global Rollforming System LLC, Saint Gobain, ER Wagner Manufacturers, Gestamp, Scissor Doors Inc., Midlake Custom Hinges, Orchid International, AISIN SEIKI, Eberhard Manufacturing Company, Multimatic, Gaoming Ligang Precision Casting Co., Ltd., and DURA Automotive Systems |
| Key Drivers | •The growing demand for lightweight automobiles is likely to fuel the segment's expansion. •The adoption of improved cooling systems in passenger automobiles. |
| RESTRAINTS | •The presence of other competitors who manufacture and provide radiator fans could be a stumbling block. •The radiator fan requires replacement on a regular basis, which will likely raise the maintenance costs. |
The radiator fan circulates air over the radiator fins, lowering the temperature of the coolant that flows through them. The radiator's primary function is to keep the engine, motor, components, and batteries of electric and hybrid vehicles cool.
Automotive Radiator Fan Market Size was valued at USD 52.30 billion in 2022.
Major players in the market Johnson Electric Holdings Limited (Hong Kong), Denso Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Mahle GmbH (Germany), Standard Motor Products (US), Robert Bosch GmbH. (Germany), Valeo (France), BorgWarner Inc (US), Brose Fahrzeugteile SE & Co. KG (Germany), USUI Co. Ltd. (Japan), Delta Radiator Fan LTD. (Taiwan), ASMO CO, LTD (Japan), Nidec Corporation (Japan), Keihin Corporation (Japan), and others in the final report.
North America region is dominating the Automotive Radiator Fan market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Radiator Fan Market Segmentation, by Fit Type
8.1 Direct Fit
8.2 Universal Fit
9. Global Automotive Radiator Fan Market Segmentation, by Material Type
9.1 Steel
9.2 Aluminum
9.3 Composite
10. Global Automotive Radiator Fan Market Segmentation, by Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
10.3 Electric vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GMBH,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Johnson Electric Holdings Limited (Hong Kong)
12.3 Denso Corporation (Japan)
12.4 Hella KGaA Hueck & Co. (Germany)
12.5 Mahle GmbH (Germany)
12.6 Standard Motor Products (US)
12.7 Valeo (France)
12.8 BorgWarner Inc (US)
12.9 Brose Fahrzeugteile SE & Co. KG (Germany)
12.10 USUI Co. Ltd. (Japan)
12.11 Delta Radiator Fan LTD. (Taiwan)
12.12 ASMO CO, LTD (Japan)
12.13 Nidec Corporation (Japan)
12.14 Keihin Corporation (Japan)
12.15 Toshiba Electronic Devices & Storage Corporation (Japan)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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