Market and market position

The international market for components for engine cooling systems and air-conditioning can be divided into three regions, namely Europe, the USA and Asia. Kendrion is the European market leader in compressor and fan clutches. The company encounters technical competition in the motor-cooling segment from companies which offer solutions that do not make use of electromagnetic components. However, the requirements imposed on engine cooling and the reduction of emissions are becoming increasingly stringent, and Kendrion is convinced that the company is in the position required to expand its share of the market.
Although Commercial Vehicle Systems is still a niche player in the USA and South America, the business unit has implemented an ambitious strategy which has enabled it to achieve steady growth. The situation in Asia is also conducive to growth, and Kendrion is working on new projects with a large number of new customers in the region.