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Automotive Radiator Fan Market

Automotive Radiator Fan Market Size, Share and Segmentation by Fit Type (Direct Fit, Universal Fit), by Material Type (Steel, Aluminum, Composite), by Vehicle Type (Passenger Cars, Commercial vehicles, Electric Vehicles), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1607 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Radiator Fan Market Size was valued at USD 50.2 billion in 2021 and is expected to reach USD 66.95 billion by 2028 and grow at a CAGR of 4.2% over the forecast period 2022-2028.

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.

Automotive Radiator Fan Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

IMPACT OF COVID-19:

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.

KEY MARKET PLAYERS:

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.

MARKET ESTIMATION: 

Market, By Fit Type:

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.

Market, By Material Type:

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.

Market, By Vehicle Type:

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.

MARKET SEGMENTATION:

By Fit Type:

  • Direct Fit

  • Universal Fit

By Material Type:

  • Steel

  • Aluminum

  • Composite

By Vehicle Type:

  • Passenger cars

  • Commercial vehicles

  • Electric Vehicles

Automotive Radiator Fan Market Segment Chart

REGIONAL ANALYSIS:

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

Automotive Radiator Fan Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 50.2 Billion
Market Size by 2028 US$ 66.95 Billion
CAGR CAGR of 4.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


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 the Ukraine-Russia War

 

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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Secondary Research

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