Global Automotive Engine Cooling System Market To Grow At A CAGR Of 5.7% During 2018-2022

Date: 2018-03-14

The Automotive Engine cooling system is made up of the passages inside the engine block and heads, a water pump to circulate the coolant, a thermostat to control the temperature of the coolant, a radiator to cool the coolant, a radiator cap to control the pressure in the system, a cooling system works by sending a liquid coolant through passages in the engine block and heads.  

The Automotive Engine Cooling System market is highly affected by the production of automotive, the demand for automobile is the major driver, and worldwide automobile production exceeds 94 million in 2017. According to research, global Automotive Engine Cooling System market is expected to register a CAGR of 6.4% over 2017-2021.

However, factors such as growing electric vehicles around the world and consumers preference for public transportation are limiting the production of new vehicles which is likely to retrain the growth of the automotive engine cooling system market in the future, electric vehicles also need the cooling systems for the batteries and motors but they are different from the combustion engines that need.

Geographically, the Asia Pacific is expecting to grow at highest CAGR over the forecast period as they are the largest vehicle production region and largest vehicle demand region in terms of volume by 2017. Region followed by Europe and North America, which is projected to register CAGR of 4.6% over 2018-2022. Base on country, China is projected to remain the fastest growing market for Automotive Engine cooling system in Asia Pacific and across the world during the forecast period.

On the basis of Component, Automotive Engine Cooling System Component can be segmented into Engine, Cooling Fan, Cooling Fan Control, Radiator, Cooling Fan Belt, Radiator Hose, & Water Pump, according to research, the engine is currently leading the market.

Global top manufacturers operating in Automotive Engine Cooling System Market are Visteon Corporation, BorgWarner, Calsonic Kansei Corporation, Continental AG, Valeo SA, Delphi Automotive LLP, Denso Corporation, Sogefi, Mahle GmbH, Schaeffler Group and Perkins Engines Company Limited among others.

Global Automotive Engine Cooling System market share by geography as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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