Automotive Radiator Fan Market Research Report - Global Forecast till 2032

Automotive Radiator Fan Market Research Report Information By Fan Type (Mechanical and Electric), Fit Type (Direct Fit and Universal Fit), Material Type (Steel, Aluminum and Composite), Vehicle Type (Passenger Car, Commercial Vehicle and Electric Vehicle), Sales Channel (OEM and Aftermarket) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2032

ID: MRFR/AM/8891-HCR | 100 Pages | Author: Sejal Akre | February 2024         

Automotive Radiator Fan Market Speak to Analyst Request a Free Sample

Automotive Radiator Fan Market

Automotive Radiator Fan Market is expected to be valued at USD 12.3 Billion with a CAGR of 5.5% Forecast by 2032

Segmentation
By Fan Type Mechanical Electric
By Fit Type Direct Fit Universal Fit
By Material Type Steel Aluminum Composite
By Vehicle Type Passenger Car Commercial Vehicle Electric Vehicle
By Sales Channel OEM Aftermarket
Key Players
Companies Profiled   Johnson Electric Holdings Limited (Hong Kong)    Robert Bosch GmbH. (Germany)    Hella KGaA Hueck & Co. (Germany)    Standard Motor Products (US)    Valeo (France)    Mahle GmbH (Germany)    Denso Corporation (Japan)    BorgWarner Inc (US)    Brose Fahrzeugteile SE & Co. KG (Germany)    USUI Co. Ltd. (Japan)    Keihin Corporation (Japan)    Delta Radiator Fan LTD. (Taiwan)    ASMO CO    LTD (Japan)    Nidec Corporation (Japan)    Toshiba Electronics Devices & Storage Corporation (Japan)
Drivers
Market Driving Forces   The growth in the sales of M&HCVs    Increases the demand for radiator fans and other engine fan parts    Rise in vehicle production
Request a Free Sample

Automotive Radiator Fan Market Scenario


The Automotive Radiator Fan Market is projected to grow from USD 7.2 Billion in 2021 to USD 12.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) 5.5% during the forecast period (2023 - 2032).


There are critical components within the vehicle that specifically contribute to the car's smooth running and operation. Automobiles would not be able to run at the optimum level without these components operating correctly. If the vehicle is operating at a sub-par level, so it is more likely that other elements will be affected adversely. Another cog in the system may be directly affected by a flawed mechanism, allowing it to misfire, function incorrectly, or do things that it should not. The radiator fan is one aspect of the car that is critical for a smooth journey. There would be a miserable time going from point A to point B without the radiator fan running. The radiator fan is responsible for the drawing of cold air into the radiator of the vehicle. Between the radiator and the motor, the radiator fan is placed and is in charge of cooling the vehicle. When the vehicle is going too slow to receive external ventilation and air cannot pass through the grille, these cooling radiator fans are extremely useful. Based on the internal vehicle temperature, the electric cooling radiator fan, which turns on and off as needed, is an enhancement over engine-driven fans that slow down, usually at times when they are most needed. A failed radiator fan can cause the engine to overheat.


Currently, various grades of aluminum and steel are commonly used for radiator fan. Aluminum has numerous benefits over steel, including corrosion resistance and cost, but it has less strength than steel. Composites can be easily used to substitute existing composites materials for fans with radiators. They offer reduced weight and a light structure.


Global Automotive Radiator Fan Market has been classified based on Fan Type, Fit Type, Material Type, Vehicle Type, Sales Channel, and Region.


By fan type, the global automotive radiator fan market is divided into mechanical and electric. The electric segment is projected to grow with a higher CAGR during the forecast period.


By fit type, the global automotive radiator fan market has been split into direct fit and universal fit. The direct fit segment held the larger market share and is anticipated to register a notable CAGR during the forecast period.


Based on material type, the global automotive radiator fan market has been classified into steel, aluminum, and composite. The steel segment held the largest market share and is anticipated to witness a significant CAGR during the forecast period.


By vehicle type, the global automotive radiator fan market can be divided into passenger car, commercial vehicle, and electric vehicle. The passenger vehicle segment is projected to register the highest CAGR in the coming years.


By sales channel type, the Global Automotive Radiator Fan Market is bifurcated into OEM and aftermarket. The OEM segment is anticipated to register a significant CAGR during the forecast period.


Market Segmentation


Sales of M&HCVs is driven by the increased preference for transportation of freight across roadways. The growth in the sales of M&HCVs contributes to the growth of the automotive radiator fan market. Apart from this, to reduce a vehicle's operating costs, automakers are focused on improving the engine's fuel economy. This increases the demand for radiator fans and other engine fan parts, which consequently drives the growth of the global automotive radiator fan market.


Based on region, the automotive radiator fan market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In Asia-Pacific, there has been a consistent rise in vehicle production, which is driving the demand for automotive radiator fans in the region. North America is expected to be the second-largest region, in terms of market share, after Asia-Pacific.


Key Players


The major players in the global automotive radiator fan market include Johnson Electric Holdings Limited (Hong Kong), Robert Bosch GmbH. (Germany), Hella KGaA Hueck & Co. (Germany),  Standard Motor Products (US), Valeo (France), Mahle GmbH (Germany), Denso Corporation (Japan), BorgWarner Inc (US), Brose Fahrzeugteile SE & Co. KG (Germany), USUI Co. Ltd. (Japan), Keihin Corporation (Japan), Delta Radiator Fan LTD. (Taiwan), ASMO CO, LTD (Japan), Nidec Corporation (Japan), and Toshiba Electronics Devices & Storage Corporation (Japan).


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Automotive Radiator Fan Market

  • Raw Material Suppliers

  • Automotive Radiator Fan Manufacturers

  • Independent and Authorized Dealers of Automotive Radiator Fan Manufacturers

  • Research Consultants

  • Investors and Shareholder

Report Scope:

  Market Size   2021: USD 7.2 Billion
  Market Size   2032: USD 12.3 Billion
  CAGR   5.5% (2023-2032)
  Base Year   2022
  Forecast Period   2023-2032
  Historical Data   2019 & 2032
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Fan Type, Fit Type, Material Type, Vehicle Type, Sales Channel, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Johnson Electric Holdings Limited (Hong Kong), Robert Bosch GmbH. (Germany), Hella KGaA Hueck & Co. (Germany), Standard Motor Products (US), Valeo (France), Mahle GmbH (Germany), Denso Corporation (Japan), BorgWarner Inc (US), Brose Fahrzeugteile SE & Co. KG (Germany), USUI Co. Ltd. (Japan), Keihin Corporation (Japan), Delta Radiator Fan LTD. (Taiwan), ASMO CO, LTD (Japan), Nidec Corporation (Japan), and Toshiba Electronics Devices & Storage Corporation (Japan)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers The growth in the sales of M&HCVs   Increases the demand for radiator fans and other engine fan parts   Rise in vehicle production




Frequently Asked Questions (FAQ) :

Global Automotive Radiator Fan Market is predicted to grow at a 5.5% CAGR between 2023- 2032.

Passenger vehicles will lead the global automotive radiator fan market.

Asia Pacific will lead the global automotive radiator fan market.

Demand for radiator fans and increasing sales of M&HCVs are driving the global automotive radiator fan market growth.

Key contenders profiled in the global automotive radiator fan market include Johnson Electric Holdings Limited (Hong Kong), Robert Bosch GmbH. (Germany), Hella KGaA Hueck & Co. (Germany), Standard Motor Products (US), Valeo (France), Mahle GmbH (Germany), Denso Corporation (Japan), BorgWarner Inc (US), Brose Fahrzeugteile SE & Co. KG (Germany), USUI Co. Ltd. (Japan), Keihin Corporation (Japan), Delta Radiator Fan LTD. (Taiwan), ASMO CO, LTD (Japan), Nidec Corporation (Japan), and Toshiba Electronics Devices & Storage Corporation (Japan).

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid