Engine Cooling System Market Is Anticipated To Reach USD 219 Billion By 2027, by Marking A CAGR Of 4.5% (With Impact Analysis of COVID-19)


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Jun 08, 2020, 11:43 EST


New York, United States, Jun 08, 2020, 11:43 /Comserve / -- The global engine cooling system market stood at USD 147 Billion in 2018 and is anticipated to reach USD 219 Billion by 2027 marking a CAGR of 4.5% between 2018 and 2027.

Worldwide engine cooling system market stood at USD 147 Billion in 2018 and is anticipated to reach USD 219 Billion by 2027 marking a CAGR of 4.5% between 2018 and 2027.

“The CAGR value Could change due to COVID-19 Pandemic”

The global automotive production in 2018 was around 95.6 million units with around 74% share of passenger vehicles. This massive production of vehicles evinces a larger volume demand of engine cooling system across the globe.

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The rise in automotive manufacturing in developing countries exhibits growth of complementary industries such as engine cooling systems. Also, the growing global population of vehicles is driving the aftermarket sales of engine cooling components.

Major Key Players of Global Market:

Schaeffler Group, Valeo SA, Mahle GmbH, Denso Corporation, Delphi Technologies, BASF SE, Celanese Corporation, DowDupont Inc, Solvay S.A., Covestro A.G.

Asia Pacific is the largest and the fastest-growing market of engine cooling system due to the existence of leading automotive OEMs in developing countries such as China, Japan, India, South Korea and Vietnam
Automotive production is the major growth driver for these engine cooling components as OEMs hold the lion share of around 80%–85% of the market in 2018.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: https://www.kennethresearch.com/sample-request-10166479

The companies such as Delphi Technologies, Denso and Valeo are major providers of engine cooling system components across the globe. The companies are serving both the OEM and aftermarket segments with OEM holding the major share of their sales. These companies collaborate with various automotive OEMs such as Volkswagen, Daimler Group, Toyota, Tata JLR, Ford Motors, Honda, and Hyundai to provide customized engine cooling system components.

By cooling system type, the air-cooling system holds a very minor share of around 5% of the engine cooling system market in 2018, mainly due to its limited usage in the automotive industry. The air-cooling systems are currently found in scooters and motorcycles, airplanes, and few models of passenger vehicles especially the rear-engine cars.

In comparison to air-cooling system, the liquid-cooling system is relatively more efficient since it offers better heat transfer properties as compared to air. The liquid cooling system, unlike air cooling system, is independent of outside air temperature and atmosphere. Due to these reasons, they are widely accepted and preferred across the automotive industry.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: https://www.kennethresearch.com/sample-request-10166479

“We are open for the customization of this report for our client.”

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

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