World Automotive Radiators Market to Reach 112 Million Units by 2010, According to New Report by Global Industry Analysts, Inc.
World automotive radiators market is predicted to reach 112 million units by 2010. Europe, currently holding a market share of about 36%, is expected to remain the largest market through 2010. Asia-Pacific is expected to be the fastest growing market for automotive radiators, registering a CAGR of about 9%, followed by Latin America.
San Jose, California (PRWEB) July 17, 2007 -- A new report on automotive radiators has been released by Global Industry Analysts, Inc. "Automotive Radiators: A Global Strategic Business Report" discusses trends, new product developments, consumption patterns, demand forecasts, and related activities affecting the automotive radiators industry. The market is analyzed in unit sales by the following geographic regions - USA, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World; and product segments - Copper/Brass, and Aluminum radiators. The market is also analyzed in unit sales by the following end-use segments - OEM and Aftermarket.
Growth in the automotive radiators market is in sync with the production trends in the global vehicle market, since radiators form an integral part of majority of the vehicles on road. Over the years, the automotive radiators industry has undergone major transformation with respect to design and raw material, in concurrence with the demand for more efficient, lighter, and environmental friendly radiators. Aluminum automotive radiators market represents the largest product segment for automotive radiators, capturing a market share of about 64% in 2006. In terms of end-use, automotive radiators in OEM applications represent the leading end-use segment, garnering a market share of about 67% in 2006.
For long, copper dominated the automotive radiators market. With the advent of aluminum radiators during the 1980's, demand for copper radiators experienced steep decline. An increasing trend for thin walled and lightweight parts in the automobiles forced manufacturers to switch from copper radiators to aluminum radiators. Aluminum has progressively captured a large share of copper in the automotive radiator market. However, copper is expected to regain significance in automotive industry through a new manufacturing process - CuproBraze technology, developed by the International Copper Association. The technology was developed to resolve the problems associated with aluminum radiators such as weight, cost and soldering. This new process has been adopted to produce strong, consistent, brazed copper/brass radiators with superior performance and cost advantages over aluminum radiators.
Increase in the number of vehicles sold is directly proportional to increase in radiator market. Availability of easy finance and other incentives are driving vehicle sales, which in turn propels radiator sales. The copper industry is focused to launch superior quality radiators, thereby accounting to the development of radiator technology for future trucks and cars. Increasing prices are playing a prominent role in maintaining robust growth structure in the automotive radiator market. This scenario is forecast to continue in the near future due to an upbeat in raw material prices.
Increase in the age of vehicles has increased the intensity of part replacements resulting in improved aftermarket sales. Worldwide, average replacement age of an automobile is about 7 - 10 years. The radiator replacement aftermarket is witnessing a favorable demand as the market is shifting from repair services to radiator installations over the last few years. Increase in vehicle collisions is also nurturing the unit growth for the radiators. The world automotive radiator industry is dominated by Behr GmbH & Co. KG, Calsonic Kansei Corporation, CSF, Inc., Delphi Automotive Systems Corporation, Denso Corporation, Modine Manufacturing Company, Proliance International, Inc., Radiadores Ordóñez S.A., Setrab AB, Spectra Premium Industries Inc., Toyo Radiator Co., Ltd, Valeo SA, and Visteon Corporation.
For more details about this research report, please visit http://www.strategyr.com/MCP-1042.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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