Radiator Fans Set to Sell More Through 2016
As a surprise for auto industry investors, recent news reports have shown that Frost & Sullivan announced a prime opportunity they uncovered through their analysis of the radiator fan motor data sold in the North American auto aftermarket. The new report suggests that manufacturer level unit shipments in the North American sector are on the rise. It also detailed data on prices and revenue for the radiator fan motor after market starting in 2009 and forecasting each product line from each manufacturer every year through 2016. To further beef the report, analysis of distribution channels, market shares, market drivers and even restraints were provided to give investors a sharp look into how this sector of the vehicle parts industry operates. With parts priced so high, growth in the radiator fan motor market is said to be a sure thing for investors that want to be involved in the North American segment of the industry
While the demand increases at marginal levels until 2016 and possibly beyond, high price fan motor assemblies have shown that revenue is expected to rise at 3.6 per cent each year. With motor failure as the primary cause of a need to replace the fans, collision repair and upgrades for better performance of the vehicle have also been noted as factors which drive up the demand for these expensive parts. Since recent car designs have included the fan, its shroud and motor all together in one assembly, technicians are not able to replace the fan alone and this means more of the fans must be created for the new unit.