Built-in Oil Cooler Market for Automotive - Overview
A built-in oil cooler is used in a vehicle to reduce the temperature of the oil. Oil is utilized to lubricate and cooling of the high temperature component. Mostly, oil is circulated through the vehicle components that dissipate more heat and need proper lubrication. Every time oil is circulated through the component, temperature of the circulated oil increases. The oil needs to be cooled for reuse. Systems like built-in cooler are more efficient to maintain the temperature of oil.
Built-in Oil Cooler Market for Automotive - Drivers and Restraints
Demand for built-in coolers for automotive is anticipated to increase during the forecast period due to increasing use of automobiles and the usage of the automotive built-in oil cooler depends on the total distance covered by the vehicle. Rise in dependence of people on automobiles is likely to boost the built-in oil cooler market for automotive. Rising production of vehicles is another major factor that drives the automotive built-in oil cooler market at a significant pace.
Increase in the rate of penetration of electric vehicles is likely to lead to replacement to the currently used built-in oil cooling system by different kinds of systems, as components used in electric vehicles are totally different and hence, may require different systems to cool the components.
Built-in Oil Cooler Market for Automotive - Segmentation
The built-in oil cooler market for automotive can be segmented based on cooler type, oil type, vehicle type, and region.
Based on cooler type, the built-in oil cooler market for automotive can be divided into tube coolers and finned coolers. In tube coolers, a refrigerant constantly flowing through the. The tube coolers segment held a leading share of the market in 2017 as this type of cooler is extensively used and is highly efficient. Finned coolers depend on the flow of air from outside. Hence, they are considered less efficient as compared to tube coolers.
In terms of oil type, the built-in cooler market for automotive can be segregated into mineral oil, synthetic oil, and others. Utilization of refrigerant varies use of type of oil used for lubrication and cooling. Use of synthetic oil is increasing rapidly owing to the modifications and blending of different oils, which increases the material property of the oil. Hence, the synthetic oil segment is likely to expand at a significant pace during the forecast period.
Based on vehicle type, the built-in oil cooler market for automotive can be classified into passenger vehicles (PVs) and commercial vehicles (CVs). The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multi- purpose vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicles segment can be further split into light-weight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). The passenger vehicles segment is projected to hold a major share of the market, owing to the higher number of passenger vehicles on-road as compared to commercial vehicles.
In terms of region, Asia Pacific is anticipated to hold a notable share of the global built-in oil cooler market for automotive, as the region has the highest number of vehicles on-road and is presently the largest producer of vehicles among all regions, globally. Higher number of manufacturing facilities in Asia Pacific due to availability of basic resources, such as labor and raw materials, has boosted the automotive industry in the region.
Built-in Oil Cooler Market for Automotive - Key Players
Global players operating in the global built-in oil cooler market for automotive are Hayden Automotive, Modine Manufacturing, MAHLE, Dana, Fluidyne, Setrab, Calsonic Kansei Corporatioin, Derale, Thermal Dynamics, LLC., and DENSO CORPORATION.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.