Automotive Engine Cooling System Market Drivers

Date: 2024-04-11 Categories: Industry News Hits: 414


Increase in production and use of vehicles drives the automotive engine cooling system market

Increase in use of vehicles such as passenger vehicles, low commercial vehicles (LCVs), high commercial vehicles (HCVs)boost the demand of automotive engine cooling system market. Manufacturing of powerful engines, which generate highneat and require cooling fans in the automotive industry has been rising consistently in recent years. Factors such asglobalization, urbanization, rising per capita income of the consumers, blooming population and changing life style otmiddle class families are some of the major factors which are expected to boost the demand of automotive engine coolinosystem market during the forecast period. According to 0lCA, the production statistics of cars and commercial vehicles hasbeen increasing rapidly from 79.8 miion in 2011 to 97.3 miion in 2019 before a significant drop post Covid. However, themarket is proiect to recover and exhibit higher than pre-Covid-19 growth rates through 2027