(MENAFNEditorial) Global Automotive Cooler Market, By Type (Plate and fin, Tube and fin), By Vehicle Type (Passenger vehicle, Commercial vehicle), By Application (Engine Cooler, HVAC Cooler, Brake Lubricant and Other) and Region- Forecast 2017-2023.
Global Automotive Cooler Market, By Type (Plate and fin, Tube and fin), By Vehicle Type (Passenger vehicle, Commercial vehicle), By Application (Engine Cooler, HVAC Cooler, Brake Lubricant and Other) and Region- Forecast 2017-2023.
Market Synopsis ofAutomotive Cooler Market:
The recent growth in the automotive cooler market can be attributed to the surge in the demand in the automotive industry. Increasing number of vehicles on the road has significantly contributed the growth and development of automotive cooler market. The increasing demand for vehicles and the rising average lifespan of vehicles in operation are likely to drive the market growth as well as the demand for vehicles with HVAC systems, drive its growth. The growing demand for battery-operated electric vehicles and the introduction of coolers with extended service life act as restraints for the market.
Thus, the automotive cooler market is expected to register a CAGR of about 6.15%.
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Automotive Cooler MarketKey Players Analyzed in This Research:
BP P.L.C.(U.K.), Chevron Corporation (U.S.), Cummins Filtration (U.S.), Shandong Yuean Chemical Industry Co. Ltd(China), Gallay Ltd (England), Hayden Automotive (U.S.), NENGUN CO. LTD (Japan), Calsonic Kansei Corporation (Japan).
Regional Analysis:
The automotive cooler market can be geographically segmented as North America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific is expected to witness the highest growth during the forecast period due to increase in vehicle production in countries such as China and India. The market in the developing countries, is largely driven by economic growth and ongoing industrialization, which helps in the production of vehicles. Moreover, high production of vehicles, low manufacturing cost and availability of cheap labor are some of the factors that boost the market in Asia-Pacific. North America is expected to be the second largest region to witness the highest CAGR during the forecast period. Europe is expected to have steady growth during the forecast period.
The report forGlobalAutomotive Cooler Market ofMarket Research Futurecomprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Market Research Future Analysis:
Market Research Future analysis shows that the global automotive cooler market is estimated to grow at 6.15% CAGR in the forecast period. Currently, Asia-Pacific is dominating the market with increasing vehicle production in countries such as India and China and focus on increasing the production capacity. Lower manufacturing costs are driving the market growth in the region. North America is expected to be a flourishing market in the forecast period. The factors driving the global automotive cooler market are high disposable income with improved lifestyle of the people, and the higher demand & production of large engine capacity vehicles.
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Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4 Global Automotive Cooler Market, By Type
5 Global Automotive Cooler Market, By Vehicle Type
6 Global Automotive Cooler Market, By Application
7 Regional Market Analysis
8 Competitive Analysis
LIST OF TABLES
TABLE 1 GLOBAL AUTOMOTIVE COOLER MARKET, BY TYPE
TABLE 2 GLOBAL AUTOMOTIVE COOLER MARKET, BY VEHICLE TYPE
TABLE 3 GLOBAL AUTOMOTIVE COOLER MARKET, BY APPLICATION
TABLE 4 GLOBAL AUTOMOTIVE COOLER MARKET, BY REGIONS
TABLE 5 NORTH AMERICA AUTOMOTIVE COOLER MARKET, BY TYPE
…….. Continued
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