Germany
Automotive Engine Oil Coolant Market Overview:
The Germany Automotive Engine Oil
Coolant Market is
likely to grow at an 11% CAGR in the forecast period 2024- 2032, according to
the latest Market Research Future (MRFR) analysis. Automotive engine coolant is
primarily used for keeping temperatures in control and thus avoiding
overheating of the engine and eventually engine seize. This coolant absorbs
heat from the engine eventually dissipating it to the engine radiator. It also
helps to protect the inner surfaces of the different metal components that are
exposed continuously to heat and friction, from corrosion or rusting. Thus the
engine oil coolant serves that dual purpose of rust protection and cooling the
engine.
Various
factors are fuelling the global automotive Germany Automotive Engine Oil
Coolant Market share. As per the recent MRFR market estimates, such factors
include the rapid increase in sales of cars in developing countries,
development of infrastructure, growing need for light passenger vehicles and
heavy-duty vehicles, rising average lifespan of cars in operation, the demand
for IC engines, and growing need for fuel efficient cars.
On the
contrary, the impact of the COVID-19 pandemic may limit the global automotive Germany
Automotive Engine Oil Coolant Market growth over the forecast period.
Germany
Automotive Engine Oil Coolant Market Key Players
- MAHLE GmbH (Germany)
- Dana Incorporated (U.S.)
- Castrol (U.K.)
- Fluidyne Control Systems (P)
Ltd (India)
- Titanx Engine Cooling Inc.
(U.S.)
- PWR Holdings (Australia)
- Setrab (U.S.)
- Amsoil Inc. (U.S.)
- Blue Star Lubrication
Technology LLC
- Valvoline (U.S.)
- Royal Dutch Shell (U.K.)
- Chevron Corporation (U.S.)
Germany
Automotive Engine Oil Coolant Market Segmentation
The MRFR
report throws light on an inclusive segmental analysis of the global automotive
Germany Automotive Engine Oil Coolant Market based on type, cooling mechanism,
function, end market, and vehicle type.
·
By type,
the global automotive Germany Automotive Engine Oil Coolant Market is segmented
into hybrid engine oil coolant, organic engine oil coolant, and synthetic
engine oil coolant. Of these, the synthetic engine oil coolant segment will
lead the market over the forecast period.
·
By
cooling mechanism, the global automotive Germany Automotive Engine Oil Coolant
Market is segmented into liquid cooled, water cooled, and air cooled. Of these,
the liquid cooled segment will dominate the market over the forecast
period.
·
By
function, the global automotive Germany Automotive Engine Oil Coolant Market is
segmented into engine corrosion prevention and engine cooling. Of these, the
engine cooling segment will spearhead the market over the forecast
period.
·
By end
market, the global automotive Germany Automotive Engine Oil Coolant Market is
segmented into after market and OEM (original equipment manufacturers). Of
these, the after market segment will have the lions share in the market over
the forecast period.
·
By
vehicle type, the automotive Germany Automotive Engine Oil Coolant Market is
segmented into commercial car and passenger car. Of these, the passenger car
segment will have the largest share in the market over the forecast
period.
Germany
Automotive Engine Oil Coolant Market Regional Analysis
By
region, the global automotive Germany Automotive Engine Oil Coolant Market
covers the recent trends and growth opportunity across North America, Europe,
the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America
will lead the market over the forecast period. The trend to own an automobile
per individual in Canada and the US and the trend to own sedans and large SUVs
are adding to the global automotive Germany Automotive Engine Oil Coolant
Market growth in the region.
In the
APAC region, the global automotive Germany Automotive Engine Oil Coolant Market
is predicted to grow at a fast pace over the forecast period. The rise in
demand for bigger and powerful vehicles, high demand for engine oil coolant as
these countries fall in the hot climatic conditions/tropical region, increasing
production of cars, strong presence of key car manufacturers in South Korea,
Japan, and China, and shift of focus of several manufacturers to hybrid engine
coolants from conventional engine coolants are adding to the global automotive Germany
Automotive Engine Oil Coolant Market growth in the region.
In
Europe, the global automotive Germany Automotive Engine Oil Coolant Market is
predicted to have healthy growth over the forecast period. This region is home
to the most powerful and trendiest automakers in the world. The high torque
that these cars produce makes it essential for kicking in a system such as the
engine oil coolant for utmost vehicle performance.
Read more report:
Embedded System for Electric Vehicle Market
All-Terrain Vehicle (ATV) Engines Market
Automotive Electronic Brake System Market
Automotive Advanced Shifter System Market
No comments:
Post a Comment