Product Code: ETC045184 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Automotive Radiator Market size is projected to reach USD 1.62 billion by 2031 from an estimated market size of USD 1.31 billion in 2025, registering a CAGR of 5.1% during the forecast period 2025-2031. An automotive radiator is an indispensable part of any car that helps in controlling its temperature and reduces air pollution by releasing heat generated due to combustion into the atmosphere. In Indian markets, radiators are available for different types of vehicles such as cars, buses & trucks and two wheelers among others. The growth of this market can be attributed to the increasing production and sales of passenger cars across India coupled with growing disposable income levels which has improved consumer spending on luxury vehicles over the last few years.
Increasing Production & Sales Of Passenger Cars In India: The automobile industry in India has witnessed tremendous growth over the past decade propelled by strong economic fundamentals, rise in per capita income and favorable government policies that have incentivized automobile production and sales through various tax exemptions offered under GST rates along with other incentives offered to automakers contributing towards Make In India initiative launched by government back in 2014 . This increase in demand has led several manufacturers including Ford Motors, BMW AG , Mercedes Benz etc.,to launch their manufacturing plants within Indian borders resulting into increased automobile production leading to high demand for aftermarket products such as radiators used for cooling engine temperatures while running high speed vehicles especially luxury ones that generate more heat than regular cars due to higher horsepower ratings . Increasing Disposable Income Levels Among Indians : With rising per capita incomes , Indians have been able to afford expensive luxurious four wheelers that also require premium quality spare parts like radiators made up using superior grade materials unlike basic models designed for lower end automobiles which use low cost components . This increased purchasing power enables customers purchase these upgraded products thereby driving revenue generation opportunities for radiator manufacturers within domestic markets .
Low Cost Manufacturing Countries Eating Up Share Of Domestic Manufacturers : Due To High Tariffs Imposed On Imported Parts By Government As Well As Presence Of Large Number Of Cheap Labor Force Abroad That Offer Lower Price Points For Products Having Same Quality Specifications Compared To Radiators Made Within Country?s Borders Resulting Into Losses For Local Players Who Are Unable To Compete On Price Grounds And Have Limited Demand Generation Capabilities From Smaller Towns Across Country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Radiator Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Radiator Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Radiator Market - Industry Life Cycle |
3.4 India Automotive Radiator Market - Porter's Five Forces |
3.5 India Automotive Radiator Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Automotive Radiator Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 India Automotive Radiator Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
3.8 India Automotive Radiator Market Revenues & Volume Share, By Sales Channel Type, 2021 & 2031F |
4 India Automotive Radiator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Radiator Market Trends |
6 India Automotive Radiator Market, By Types |
6.1 India Automotive Radiator Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Radiator Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Automotive Radiator Market Revenues & Volume, By Down-Flow, 2021-2031F |
6.1.4 India Automotive Radiator Market Revenues & Volume, By Cross-Flow, 2021-2031F |
6.2 India Automotive Radiator Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Radiator Market Revenues & Volume, By Aluminium, 2021-2031F |
6.2.3 India Automotive Radiator Market Revenues & Volume, By Copper/Brass, 2021-2031F |
6.2.4 India Automotive Radiator Market Revenues & Volume, By Aluminum/Plastic, 2021-2031F |
6.3 India Automotive Radiator Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Radiator Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.3.3 India Automotive Radiator Market Revenues & Volume, By LCV, 2021-2031F |
6.3.4 India Automotive Radiator Market Revenues & Volume, By HCV, 2021-2031F |
6.4 India Automotive Radiator Market, By Sales Channel Type |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Radiator Market Revenues & Volume, By OEM, 2021-2031F |
6.4.3 India Automotive Radiator Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 India Automotive Radiator Market Import-Export Trade Statistics |
7.1 India Automotive Radiator Market Export to Major Countries |
7.2 India Automotive Radiator Market Imports from Major Countries |
8 India Automotive Radiator Market Key Performance Indicators |
9 India Automotive Radiator Market - Opportunity Assessment |
9.1 India Automotive Radiator Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Automotive Radiator Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 India Automotive Radiator Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
9.4 India Automotive Radiator Market Opportunity Assessment, By Sales Channel Type, 2021 & 2031F |
10 India Automotive Radiator Market - Competitive Landscape |
10.1 India Automotive Radiator Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Radiator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |