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Automotive Radiator Fan Market Share

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

Automotive Radiator Fan Market is witnessing some trends which show the leaning of these vehicles and the engineers in the direction of efficiency and effectiveness. One of the noticeable changes in the market is increase in the use of electric radiator fans, which can gradually replace existing mechanical fans. Electric radiator fans will help to match the desired heat much better than other types of fans saving costs of fuel at the same time. This move is very consistent with the automotive industry's deepening commitment to electrification and the integration of electricity into vehicles to increase performance levels and meet fuel emission standards.

The variability in design to light weight has become a growing trend in the Automotive Radiator Fan industry. The car producers are paying more attention to vehicle lightness with a view to improve efficiency and driving. The use of modern lightweight fan materials like high strength plastics and composites alloys is on the rise in today's radiant fans. This behaviour implies an intention of the industry in finding the approach for optimal cooling while keeping the weight of the automobile as a minimum.

The fact that the smart and variable-speed radiator fans are getting integrated is another significant trend. At present, new cars are coming with electronic control units (ECUs) that optimize fan speed according to engine temperature, driving conditions, and the need of the entire car. Energy efficiency is also affected by the variable-speed radiator fans, as they operate on a minimum speed to save down energy when the cooling demand is lower, reducing power consumption and therefore, improving fuel economy. This trend demonstrates the heat conduction field’s attention on energy-free and mighty operation performances.

On the other hand, the technologies are introduced in the radiator fan blades and materials. Shape optimization of blades and selection of specialized materials are the main reasons of higher airflow rates and enhanced airflows efficiency. This kind of inventions shall improve radiant fan cooling efficiency especially when different operative circumstances exist. The trend toward designing blades within fans at the optimum setting is in line with the broader industry's pursuit of a better cooling performance with minimum energy consumption.

For the automobile rad fan market, in connection with electric and hybrid vehicles, the tech side of thermal managements is seeing tremendous demands Though an effective cooling system is a necessity for electric vehicles for battery to work optimally and lengthen its operational life. Placing radiator fans for dissipation of heat from charging and usage is of great importance. This movement shows that thermal management technologies are getting an increase in prominence by reason of the growing electric vehicle market.

Automotive Radiator Fan Market Highlights:

Automotive Radiator Fan Market Trends

Automotive Radiator Fan Market Analysis

Automotive Radiator Fan Market Share

Automotive Radiator Fan Companies

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

Automotive Radiator Fan Companies

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