Valley Cottage, NY -- (SBWIRE) -- 11/06/2017 -- Persistence Market Research's newly published market report, "Automotive Radiator Market: Global Industry Analysis and Forecast, 2016-2024," examines the market for Automotive Radiator and offers crucial market insights for the next eight years. According to the report, down-flow segment is expected to dominate the market during the forecast period, registering a CAGR of 4.7% from 2016 to 2024. The market value of the global automotive radiator market in 2016 was estimated to be US$ 5,179.2 Mn and is expected to expand at a CAGR of 4.4% from 2016 to 2024, to reach a value of US$ 7,297.7 Mn by the end of 2024.

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On the basis of region, APAC is expected to be dominant in terms of both sales to OEM and aftermarket, owing to the massive automotive production capacity and vehicle parc present in the region and high replacement rates due to malfunctioning and accidents. The APAC automotive radiator market is slated to account for approximately 46% share in the overall market value by the end of the forecast period. North America, followed by Europe, is expected to be among the key regions for market players owing to stringent regulations mandating efficient fuel economy and less emissions.

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Some of the market players who have been profiled in the global automotive radiator market report are Valeo S.A., Calsonic Kansei Corporation, Denso Corporation, MAHLE GmbH, Zhejiang Yinlun Machinery Co., Ltd, Sanden Holdings Corporation, T.RAD Co., Ltd., TYC Brother Industrial Co., Ltd., Nissens A/S, Modine Manufacturing Company, Banco Products (I) Ltd. The global automotive radiator market is expected to be characterized by growing emphasis on shifting production plants or establishing new ones in emerging automotive markets to capitalize on growing demand for automobiles and benefit from lower capital and labor costs in these regions.

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