According to the recent study the North American automotive radiator and condenser aftermarket market is projected to reach an estimated $7.6 billion by 2028 from $6.3 billion in 2023, at a CAGR of 1.8% from 2023 to 2028. Growth in this market is primarily driven by growing automotive production, increased demand for improved driving comfort, and growing demand for electric and hybrid passenger cars that have created the demand for the automotive radiator and condenser aftermarket.
Browse 55 figures / charts and 26 tables in this 144 -page report to understand trends, opportunities and forecast in North American automotive radiator and condenser aftermarket market by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), material type (aluminum and copper/ brass), and flow structure (down-flow and cross-flow).
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“Light commercial vehicles market is expected to remain the largest segment during the forecast period.”
Based on vehicle type, the North American automotive radiator and condenser aftermarket market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Lucintel forecasts that the light commercial vehicles market is expected to remain the largest segment due to a growing trend of engine downsizing for improved fuel efficiency.
“Within the North American automotive radiator and condenser aftermarket market, the aluminum segment is expected to remain the largest material type”
Based on material type the aluminum segment is expected to witness the highest growth over the forecast period due to growing demand for cost-effective and strong material like aluminum whose tubes can be made wider, resulting in a better cooling effect.
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Major players of North American automotive radiator and condenser aftermarket market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Modine Manufacturing Company, DANA Incorporation, Thermal Solution Manufacturing Company, US Motors Works LLC Company, Reach Cooling Group, DENSO America Inc., American Radiators Company, Calsonic Kansei Corporation, T.RAD, and Griffin Radiator are among the major North American automotive radiator and condenser aftermarket providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/north-american-automotive-radiator-and-condenser-aftermarket-market.aspx or [email protected]
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Lucintel
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