Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Cooling Fans Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Automotive Cooling Fans Market Growth?
The market size of the automotive cooling fans has seen consistent growth over time. In 2024, the market stood at 55.01 billion USD and it is projected to increase to 56.35 billion USD in 2025, with a Compound Annual Growth Rate (CAGR) of 2.4%.
What Is the Predicted Industry Size and CAGR of the Automotive Cooling Fans Market in 2029?
The Automotive Cooling Fans Global Market Report 2025 expects the market size to reach $67.75 billion USD by 2029, growing at a compound annual growth rate (CAGR) of 4.7%.
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Which Factors Are Driving Growth in the Automotive Cooling Fans Market?
The key drivers in the automotive cooling fans market are:
• Surge in electric vehicle adoption
• Enforcement of rigorous emission standards
• Advancements in material innovation
• Shifts and evolution in supply chain dynamics
Which Segment Trends Are Covered in the Automotive Cooling Fans Market Forecast?
The automotive cooling fans market covered in this report is segmented –
1) By Type: Radiator Fan, Electric Fan, Mechanical Fan, Condenser Fan
2) By Sales Channel: OEMs (Original Equipment Manufacturers), After market
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
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What Are the Current Market Trends in the Automotive Cooling Fans Industry?
The key trends in the automotive cooling fans market are:
• Increasing demand for electric vehicles is a major emerging trend.
• Strict emission standards are significantly shaping the future of the market.
• There is a growing trend towards lightweight and compact designs.
• Integration of IoT and connectivity is becoming increasingly influential.
Who are the Key Companies in the Automotive Cooling Fans Market?
Major players in the automotive cooling fans market are:
• AMETEK Inc.
• DENSO Corporation
• Flexxaire Inc.
• Horton Holding Inc.
• Multi-Wing America Inc.
• SPAL Automotive Srl
• Toshiba Electronic Devices & Storage Corporation
• Sunonwealth Electric Machine Industry Co. Ltd.
• Valeo SA
• Continental AG
• USUI Co. Ltd.
• SCFM Corporation
• Guangzhou Tech Master Auto Parts Co. Ltd.
• Standard Motor Products Inc.
• The ebm-papst Group
• Delta Electronics Ltd.
• BorgWarner Inc.
• Flowserve Corporation
• General Electric Company
• Nidec Corporation
• American Cooling Technology Inc.
• Pelonis Technologies Inc.
• Kenlowe Group Ltd.
• Truflo International Ltd.
• Ziehl-Abegg SE
• Rosenberg Ventilatoren GmbH
• Mitsubishi Electric Corporation
• Honeywell International Inc.
What are the Regional Trends Across the Automotive Cooling Fans Market?
Asia-Pacific was the largest region in the automotive cooling fan market in 2024
