Automotive Radiator Fan Market size to grow by USD 221.83 million from 2022 to 2027|Production shift of automotive radiator fans to low-cost countries boosts the market – Technavio

NEW YORK, July 7, 2023 /PRNewswire/ — The automotive radiator fan market size is forecast to increase by USD 221.83 million from 2022 to 2027. The market is estimated to progress at a CAGR of 6.69%, according to a recent market study by Technavio. The growth of the market will be driven by the increasing demand for fuel-efficient vehicles, the production shift of automotive radiator fans to low-cost countries, and the growth in high-performance vehicles. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Air International Thermal Systems, AMETEK Inc., Bergstrom Inc., BorgWarner Inc., DENSO Corp., Flexxaire Inc., HELLA GmbH and Co. KGaA, Horton Holding Inc., Johnson Electric Holdings Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Multi Wing America Inc., Nidec Corp., NRF BV, Robert Bosch GmbH, SPAL Automotive Srl, Sunonwealth Electric Machine Industry Co. Ltd., Toshiba Corp., Valeo SA, and Delta Electronics Inc.

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Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Automotive Radiator Fan Market – Segmentation Analysis

This automotive radiator fan market report extensively covers market segmentation by type (ring type and box type), application (passenger cars, light commercial vehicles (LCVs), and medium and heavy commercial vehicles (M and HCVs), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market share growth by the ring type segment will be significant for market growth during the forecast period. This segment comprises a unique kind of fan design, which consists of an outer or inner circle shape. These fans are widely used to dissipate heat generated by the engine by installing them in the engine compartment of vehicles and thereby maintaining an optimal operating temperature. Several prominent market players are offering ring-type air fans with a variety of specifications and features in order to cater to the diverse needs of vehicle manufacturers. Hence, such factors are expected to fuel the segment which in turn will drive the market growth during the forecast period.

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Automotive Radiator Fan Market – Market Dynamics

Key Drivers

The manufacturing shift of automotive radiator fans to low-cost countries drives market growth. There has been an increasing shift to production units in developing economies such as China, Taiwan, and India by several global automotive companies due to the low cost of manufacturing. Factors such as Labor costs, overhead expenses, and raw material costs are significantly driving the transition of manufacturing units to these countries. Several low-cost counties have a large segment of skilled labor available at a cheaper cost than developed countries. Hence, most of the automotive radiator fan manufacturers are shifting their manufacturing base to these countries in order to have a competitive advantage and better profit margin. Hence, such factors are expected to drive market growth during the forecast period.

Significant Challenges

The necessity to reduce vehicle weight by minimizing the weight of radiator fans is a significant challenge impeding market growth. Several manufacturers are constantly innovating new designs, technologies, and ethnic characteristics of vehicles in order to increase the efficiency of vehicles. As a result of catering to the increasing demand of various consumer segments, it has become challenging for manufacturers to balance the addition of extra features with reducing overall vehicle weight. One of the main challenges is lowering the volume of radiator fans as the manufacturers are not able to compromise on the materials used. Hence, such factors are hindering the market growth during the forecast period.

What are the key data covered in this Automotive Radiator Fan Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive radiator fan market between 2023 and 2027
• Precise estimation of the automotive radiator fan market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive radiator fan market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Automotive Radiator Fan Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive radiator fan market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on global automotive radiator fan market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Ring type – Market size and forecast 2022-2027
• Exhibit 34: Chart on Ring type – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Ring type – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Ring type – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Ring type – Year-over-year growth 2022-2027 (%)

• 6.4 Box type – Market size and forecast 2022-2027
• Exhibit 38: Chart on Box type – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Box type – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Box type – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Box type – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application – Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Passenger cars – Market size and forecast 2022-2027
• Exhibit 48: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)

• 7.4 LCVs – Market size and forecast 2022-2027
• Exhibit 52: Chart on LCVs – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on LCVs – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on LCVs – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on LCVs – Year-over-year growth 2022-2027 (%)

• 7.5 M and HCVs – Market size and forecast 2022-2027
• Exhibit 56: Chart on M and HCVs – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on M and HCVs – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on M and HCVs – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on M and HCVs – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027
• Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 103: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Air International Thermal Systems 
• Exhibit 115: Air International Thermal Systems – Overview
• Exhibit 116: Air International Thermal Systems – Product / Service
• Exhibit 117: Air International Thermal Systems – Key offerings

• 12.4 AMETEK Inc. 
• Exhibit 118: AMETEK Inc. – Overview
• Exhibit 119: AMETEK Inc. – Business segments
• Exhibit 120: AMETEK Inc. – Key offerings
• Exhibit 121: AMETEK Inc. – Segment focus

• 12.5 Bergstrom Inc. 
• Exhibit 122: Bergstrom Inc. – Overview
• Exhibit 123: Bergstrom Inc. – Product / Service
• Exhibit 124: Bergstrom Inc. – Key offerings

• 12.6 BorgWarner Inc. 
• Exhibit 125: BorgWarner Inc. – Overview
• Exhibit 126: BorgWarner Inc. – Business segments
• Exhibit 127: BorgWarner Inc. – Key news
• Exhibit 128: BorgWarner Inc. – Key offerings
• Exhibit 129: BorgWarner Inc. – Segment focus

• 12.7 Delta Electronics Inc. 
• Exhibit 130: Delta Electronics Inc. – Overview
• Exhibit 131: Delta Electronics Inc. – Business segments
• Exhibit 132: Delta Electronics Inc. – Key offerings
• Exhibit 133: Delta Electronics Inc. – Segment focus

• 12.8 DENSO Corp. 
• Exhibit 134: DENSO Corp. – Overview
• Exhibit 135: DENSO Corp. – Business segments
• Exhibit 136: DENSO Corp. – Key news
• Exhibit 137: DENSO Corp. – Key offerings
• Exhibit 138: DENSO Corp. – Segment focus

• 12.9 Flexxaire Inc. 
• Exhibit 139: Flexxaire Inc. – Overview
• Exhibit 140: Flexxaire Inc. – Product / Service
• Exhibit 141: Flexxaire Inc. – Key offerings

• 12.10 HELLA GmbH and Co. KGaA 
• Exhibit 142: HELLA GmbH and Co. KGaA – Overview
• Exhibit 143: HELLA GmbH and Co. KGaA – Business segments
• Exhibit 144: HELLA GmbH and Co. KGaA – Key news
• Exhibit 145: HELLA GmbH and Co. KGaA – Key offerings
• Exhibit 146: HELLA GmbH and Co. KGaA – Segment focus

• 12.11 Horton Holding Inc. 
• Exhibit 147: Horton Holding Inc. – Overview
• Exhibit 148: Horton Holding Inc. – Product / Service
• Exhibit 149: Horton Holding Inc. – Key offerings

• 12.12 Johnson Electric Holdings Ltd. 
• Exhibit 150: Johnson Electric Holdings Ltd. – Overview
• Exhibit 151: Johnson Electric Holdings Ltd. – Business segments
• Exhibit 152: Johnson Electric Holdings Ltd. – Key offerings
• Exhibit 153: Johnson Electric Holdings Ltd. – Segment focus

• 12.13 MAHLE GmbH 
• Exhibit 154: MAHLE GmbH – Overview
• Exhibit 155: MAHLE GmbH – Business segments
• Exhibit 156: MAHLE GmbH – Key news
• Exhibit 157: MAHLE GmbH – Key offerings
• Exhibit 158: MAHLE GmbH – Segment focus

• 12.14 Marelli Holdings Co. Ltd. 
• Exhibit 159: Marelli Holdings Co. Ltd. – Overview
• Exhibit 160: Marelli Holdings Co. Ltd. – Product / Service
• Exhibit 161: Marelli Holdings Co. Ltd. – Key news
• Exhibit 162: Marelli Holdings Co. Ltd. – Key offerings

• 12.15 Robert Bosch GmbH 
• Exhibit 163: Robert Bosch GmbH – Overview
• Exhibit 164: Robert Bosch GmbH – Business segments
• Exhibit 165: Robert Bosch GmbH – Key news
• Exhibit 166: Robert Bosch GmbH – Key offerings
• Exhibit 167: Robert Bosch GmbH – Segment focus

• 12.16 SPAL Automotive Srl 
• Exhibit 168: SPAL Automotive Srl – Overview
• Exhibit 169: SPAL Automotive Srl – Product / Service
• Exhibit 170: SPAL Automotive Srl – Key offerings

• 12.17 Valeo SA 
• Exhibit 171: Valeo SA – Overview
• Exhibit 172: Valeo SA – Business segments
• Exhibit 173: Valeo SA – Key news
• Exhibit 174: Valeo SA – Key offerings
• Exhibit 175: Valeo SA – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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