Market Overview:
The global off-road vehicles cooling fan market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for off-road vehicles across the globe. The global off-road vehicles cooling fan market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into mechanical radiator fan and electric radiator fan. The electric radiator fan segment is expected to account for a larger share in terms of value as compared to mechanical radiator fans over the forecast period. This can be attributed to factors such as technological advancements in electric fans that have led to their increased adoption among consumers globally. On the basis of application, OEMs are expected account for a larger share in terms value as compared with aftermarket players overthe forecast period owingto heavy investments made by OEMs towards researchand development activities aimed at enhancing product offerings and improving fuel efficiency levelsof their products .
Product Definition:
An off-road vehicle cooling fan is an essential part of the vehicle's cooling system. The fan helps to draw air through the radiator and engine, helping to cool the engine.
Mechanical Radiator Fan:
The mechanical radiator fan is a device that aids in the circulation of air within an automobile. It is usually incorporated as an accessory to the vehicle’s engine, although some models are standalone devices. The primary function of this product is to provide forced air into the radiator and help keep it cool, thereby preventing overheating and ensuring longevity of the engine.
Electric Radiator Fan:
An electric radiator fan is a device, which aids in maintaining the temperature of an automobile engine. It works on the principle of air movement over hot objects to decrease its temperature. The working principle is same as that of a cooling tower; however, unlike cooling towers, an electric radiator fan does not require water for operation and can therefore be used in places where water supply may not be available such as off-road vehicles or construction sites.
Application Insights:
OEMs and aftermarket segments are bifurcated into two categories based on the application of the product. OEMs represent a majority of the market share in terms of revenue as well as volume due to economies of scale and purchasing power. The use of OEM products provide cost-effective solutions while offering high reliability, durability, precision, serviceability & compatibility among other associated benefits.
The off-road vehicles cooling fans market is categorized by application into OEM and aftermarket segments. In 2017, the off-road vehicles cooling fans OEM segment dominated with over 55% revenue share coming from this segment which was witnessed growing at a significant rate over past few years owing to increasing demand for advanced technology products among various end users including automotive manufacturers across different regions globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for off-road vehicles cooling fan, registering a CAGR of XX% from 2018 to 2030 owing to increasing demand for OEM and aftermarket products in countries such as China, India, South Korea and Japan. The growing adoption of these vehicles in mining applications is also expected to drive the regional demand over the forecast period.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to high product utilization across several industries present within this region including oil exploration and drilling as well as mining activities that are carried out on an off-road vehicle platform.
Growth Factors:
- Increasing demand for off-road vehicles from the automotive sector
- Growing popularity of off-road racing and other motorsports events
- Technological advancements in cooling fan designs and materials
- Rising consumer interest in fuel efficiency and eco-friendly vehicles
- Proliferation of online marketplaces that offer a wide selection of aftermarket cooling fans
Scope Of The Report
Report Attributes
Report Details
Report Title
Off-road Vehicles Cooling Fan Market Research Report
By Type
Mechanical Radiator Fan, Electric Radiator Fan
By Application
OEM, Aftermarket
By Companies
Ametek, Denso, Valeo, BorgWarner, Flexxaire, Horton Holding, Multi-Wing America, SPAL Automotive, Sunonwealth Electric Machine, Calsonic Kansei, Ebm-papst, Delta Radiator Fan, Guangzhou Tech Master Auto Parts
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Off-road Vehicles Cooling Fan Market Report Segments:
The global Off-road Vehicles Cooling Fan market is segmented on the basis of:
Types
Mechanical Radiator Fan, Electric Radiator Fan
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ametek
- Denso
- Valeo
- BorgWarner
- Flexxaire
- Horton Holding
- Multi-Wing America
- SPAL Automotive
- Sunonwealth Electric Machine
- Calsonic Kansei
- Ebm-papst
- Delta Radiator Fan
- Guangzhou Tech Master Auto Parts
Highlights of The Off-road Vehicles Cooling Fan Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Radiator Fan
- Electric Radiator Fan
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off-road Vehicles Cooling Fan Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An off-road vehicles cooling fan is a device that helps cool the engine and other components of an off-road vehicle.
Some of the major players in the off-road vehicles cooling fan market are Ametek, Denso, Valeo, BorgWarner, Flexxaire, Horton Holding, Multi-Wing America, SPAL Automotive, Sunonwealth Electric Machine, Calsonic Kansei, Ebm-papst, Delta Radiator Fan, Guangzhou Tech Master Auto Parts.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Off-road Vehicles Cooling Fan Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Off-road Vehicles Cooling Fan Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Off-road Vehicles Cooling Fan Market - Supply Chain
4.5. Global Off-road Vehicles Cooling Fan Market Forecast
4.5.1. Off-road Vehicles Cooling Fan Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Off-road Vehicles Cooling Fan Market Size (000 Units) and Y-o-Y Growth
4.5.3. Off-road Vehicles Cooling Fan Market Absolute $ Opportunity
5. Global Off-road Vehicles Cooling Fan Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
5.3.1. Mechanical Radiator Fan
5.3.2. Electric Radiator Fan
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Off-road Vehicles Cooling Fan Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Off-road Vehicles Cooling Fan Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Off-road Vehicles Cooling Fan Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Off-road Vehicles Cooling Fan Demand Share Forecast, 2019-2026
9. North America Off-road Vehicles Cooling Fan Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
9.7.1. Mechanical Radiator Fan
9.7.2. Electric Radiator Fan
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Off-road Vehicles Cooling Fan Demand Share Forecast, 2019-2026
10. Latin America Off-road Vehicles Cooling Fan Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
10.7.1. Mechanical Radiator Fan
10.7.2. Electric Radiator Fan
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Off-road Vehicles Cooling Fan Demand Share Forecast, 2019-2026
11. Europe Off-road Vehicles Cooling Fan Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
11.7.1. Mechanical Radiator Fan
11.7.2. Electric Radiator Fan
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Off-road Vehicles Cooling Fan Demand Share, 2019-2026
12. Asia Pacific Off-road Vehicles Cooling Fan Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
12.7.1. Mechanical Radiator Fan
12.7.2. Electric Radiator Fan
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Off-road Vehicles Cooling Fan Demand Share, 2019-2026
13. Middle East & Africa Off-road Vehicles Cooling Fan Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Off-road Vehicles Cooling Fan Market Size and Volume Forecast by Type
13.7.1. Mechanical Radiator Fan
13.7.2. Electric Radiator Fan
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Off-road Vehicles Cooling Fan Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Off-road Vehicles Cooling Fan Market: Market Share Analysis
14.2. Off-road Vehicles Cooling Fan Distributors and Customers
14.3. Off-road Vehicles Cooling Fan Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ametek
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Denso
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Valeo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BorgWarner
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Flexxaire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Horton Holding
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Multi-Wing America
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SPAL Automotive
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sunonwealth Electric Machine
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Calsonic Kansei
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ebm-papst
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Delta Radiator Fan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Guangzhou Tech Master Auto Parts
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook