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Due to the increasing production of cars the world over and the increasing vehicle parc, the market for global car radiator is being boosted. Also, as there are stringent emission norms enacted by governments all over the world, the global automotive industry is now developing cars that are more fuel efficient and that give out minimum emissions. Due to this, there is a trend of producing hybrid vehicles and this trend is expected to continue during the coming years. In order to effectively cool the components in hybrid cars, multi-layer radiator systems are required that use advanced coolant and even multiple radiator for cooling the engine, battery and the motors. This trend, in particular, is also responsible for the increasing demand for car radiators. Moreover, strict carbon emission norms and an emphasis on increasing the fuel efficiency of the cars are the other factors that are responsible for the growth of the global car radiator market. According to the assessment of Fact.MR, the global car radiator market is forecasted to reach a figure of about US$ 4,970 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
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