Automotive Cooling Fan Market Share: [Key Players, 3.7% CAGR, and USD 68 Billion Forecast]
The automotive cooling fan plays a critical role in maintaining the engine temperature of a vehicle within optimal operating limits. With rising concerns over engine efficiency, fuel consumption, emissions, and vehicle safety, cooling fans have become indispensable in modern vehicles. According to TechSci Research, the global automotive cooling fan market stood at USD 52 billion in 2022 and is projected to grow at a CAGR of 3.7% during the forecast period of 2024–2028. This report provides a comprehensive analysis of the market, including key drivers, technological advancements, regulatory influences, competitive landscape, and emerging opportunities. Automotive Cooling Fan Market Dynamics Key Market Drivers Increasing Global Vehicle Production : The automotive industry continues to expand globally, driven by growing urbanization, rising disposable income, and infrastructure development. As each new vehicle requires a cooling system, the surge in vehicle manufa...