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The growing popularity of electric vehicles is likely to spur innovation in the manufacturing of automotive cooling fans, propelling the market over the forecast period.

The global automotive cooling fans market is expected to grow from $50.86 billion in 2022 to $53.73 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The global automotive cooling fan market size is expected to grow to $65.86 billion in 2027 at a CAGR of 5.2%.

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Global Automotive Cooling Fans Market Segments Include:

• By Type: Radiator Fan, Electric Fan, Mechanical Fan, Condenser Fan
• By Sales Channel: OEMs (Original Equipment Manufacturers), Aftermarket
• By Vehicle Type: Passenger Vehicle, Commercial Vehicle
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive cooling fans market in 2021.

Major Market Players in the automotive cooling fans market include AMETEK Inc., DENSO Corporation, Flexxaire Inc., Horton Holding, Multi-Wing America Inc., Spal Automotive, Toshiba Electronic Devices & Storage Corporation, Sunonwealth Electric Machine Industry Co. Ltd.

Product innovation is a prevalent trend in the automotive cooling fan market. To maintain their market position, major businesses in the automotive cooling fan industry are introducing innovative products. For example, Mando Corporation, a South Korean automaker, launched a new line of brushless-motor cooling fan assemblies to the Mando Aftermarket Programme in September 2021. Mando cooling fan assemblies are identical to OE parts seen in new cars, however they include more modern electronics than standard brush-motor cooling fan assemblies.

The Automotive Cooling Fans Global Market Report 2023  provides a automotive cooling fans market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive cooling fans market forecast analyzes automotive cooling fans market size, automotive cooling fans market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The automotive cooling fan is an important component of the cooling system used in automobiles to keep the engine’s operating temperature within a specific range in order to optimise the engine’s overall performance.

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