Automotive radiator market
Automotive Radiator Market, by Material Type (Aluminum, Copper/Brass, and Aluminum/Plastic), by Radiator Type (Down Flow and Cross Flow), by Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), by Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Jul 2022
- CMI1451
- 157 Pages
- Excel & Pdf
- Automotive and Transportation
Vehicles run on complex engines, which help regulate the speed and safety of the vehicle. These engines consist of automotive components, including radiators. Automotive radiators are an essential part of the vehicle engine system, as it helps maintain the temperature of the engine. Increasing demand for fast-moving vehicles is increasing the demand for light-weight and highly effective radiators, to help cool the engine.
Recent Developments:
- In June 2021, PWR Advanced Cooling Technology, company that provides cooling solutions attained AS9100 certification. AS9100 is a global quality standard that establishes standards for processes related to safety, performance, and products in the defence, space and aviation industries.
Automotive radiators market growth is expected to be driven by increasing adoption of hybrid powertrains. Furthermore, government of various economies are imposing stringent regulations regarding reduction of carbon emissions from vehicles, which is projected to fuel growth of the automotive radiators market during the forecast period (2017 - 2025). The regulations such as Low Emission Vehicle (LEV) III, Tier 3, and Super Ultra Low Emissions Vehicle (SULEV) are implied to ensure least carbon emissions. Increasing inclination of consumers towards hybrid vehicles, owing to its enhanced power and fuel-efficiency is propelling demand for automotive radiators. Furthermore, hybrid vehicles require additional low-temperature heat exchangers for regulated battery cooling along with normal heat exchangers. Therefore, increasing demand for additional low-temperature heat exchangers is projected to drive growth of the automotive radiators market.
Restraint:
In the automotive sector, plastic radiators are popularly used as they are less costly and lightweight. Although, if these plastic radiators are not maintained properly i.e. if there is a crack in the tank, the entire unit needs to be replaced. The replacement of the unit is a tedious and costly task. This can restrain the growth of the global automotive radiator market.
Global Automotive Radiator Market- Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has affected the global automotive radiator market significantly. Lockdown was imposed across the globe as a precautionary measure by government globally. This led to temporary suspension of all businesss in the automotive sector. Trades across countries were disrupted causing a shortage of raw material and components required for automotive manufacturing. This had a negative impact on the global automotive radiator market during the pandemic.
North America held a dominant position in the Global Automotive Radiator Market in 2021
Statistics:
North America held dominant position in the global automotive radiator market in 2021, accounting for 33.0% share in terms of volume, followed by Europe and Asia Pacific region.
Global Automotive Radiator Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 6,768.7 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 5.9% | 2030 Value Projection: | US$ 11,580.2 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products |
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Growth Drivers: |
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Restraints & Challenges: |
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Figure 1: Global Automotive Radiator Market Share (%), By Region, 2021
North America is expected to account for the largest market share for the global automotive radiator market during the forecast period. Major players in North America such as Denso Corporation, TYC Brother Industrial Co. Ltd., Griffin Thermal Products, and others are using advanced technologies in their products to meet the changing customer requirements. In addition, there is rising demand to downsize the engine in the automotive sector which will increase the fuel efficiency and performance of the engine. Hence, companies are investing in research and development activities for to meet the market requirement. All these factors are driving the automotive radiator market in North America.
Europe region is expected to gain traction during the forecast period owing to rise in sales of heavy and medium commercial vehicles. This rise in sales is due to the growth in logistics and e-commerce sector. For instance, as per the European Automobile Manufacturers' Association, or ACEA data released on January 26, 2022, in 2021, commercial vehicle registration increased by 9.6 % compared to the year 2020. This rise in demand for commercial vehicles in Europe is expected to drive the automotive radiator market in the forecast period.
Passenger Car segment is expected to drive the Global Automotive Radiator Market during the forecast period
Among vehicle type, passenger cars segment holds the dominant position, owing to its higher sales volume as compared to light commercial vehicles (LCV) and heavy commercial vehicles (HCV). The passenger cars segment has a dominant market share owing to a large set of sub-segments it holds viz. Compact cars, sub-compact vehicles, mid-size vehicles, sedan cars, luxury cars, and vans.
Figure 2: Global Automotive Radiator Market (US$ Bn) Analysis and Forecast, 2017 - 2030
The global automotive radiator market was valued at US$ 6,768.7 Mn in 2021 and is expected to reach US$ 11,580.2 Mn by 2030, growing at a CAGR of 5.9% between 2022 and 2030.
Major players operating in the global automotive radiator market include Denso Corporation, Valeo SA, Calsonic Kansei Corporation, Mahle GmbH, Sanden Holdings Corporation, TYC Brother Industrial Co. Ltd., Modine Manufacturing Company, Sciton Inc., Keihin Corporation, PWR Advanced Cooling Technology, Griffin Thermal Products, and Saldana Racing Products.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Radiator Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Sales Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Market Dynamics
- Global Automotive Radiator Market, By Material Type, 2017–2030, (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Aluminum
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Copper/Brass
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Aluminum/Plastic
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Automotive Radiator Market, By Radiator Type, 2017–2030, (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Down Flow
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Cross Flow
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Automotive Radiator Market, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Passenger Car
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Compact
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Heavy Commercial Vehicle (HCV)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Automotive Radiator Market, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Original Equipment Manufacturer (OEM)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Aftermarket
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Automotive Radiator Market, By Regions, 2017–2030 (US$ Million and Thousand Units)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Material Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Material Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Germany
- Italy
- France
- U.K.
- Spain
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Regional Trends
- Market Size and Forecast, By Material Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of APAC
- Latin America
- Regional Trends
- Market Size and Forecast, By Material Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Mexico
- Brazil
- Rest of Latin America
- Middle East and Africa (MEA)
- Regional Trends
- Market Size and Forecast, By Material Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Radiator Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Vehicle Type, 2017–2030 (US$ Million and Thousand Units)
- Market Size and Forecast, By Sales Channel, 2017–2030 (US$ Million and Thousand Units)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Iran
- Turkey
- Rest of MEA
- Introduction
- Competitive Landscape
- Company Profiles
- Denso Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Valeo SA
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Calsonic Kansei Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Mahle GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sanden Holdings Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TYC Brother Industrial Co. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Modine Manufacturing Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sciton Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Keihin Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- PWR Advanced Cooling Technology
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Griffin Thermal Products
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Saldana Racing Products
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Denso Corporation
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 60 market data tables and 40 figures on "Automotive Radiator Market - Global forecast to 2030”.
Detailed Segmentation
- Global automotive radiator market, By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- Global automotive radiator market, By Radiator Type:
- Down Flow
- Cross Flow
- Global Automotive Radiator Market, By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- Global Automotive Radiator Market, By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- Global automotive radiator market, By Region
- North America
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Country:
- U.S.
- Canada
- By Material Type:
- Europe
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- By Material Type:
- Asia Pacific
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Material Type:
- Latin America
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Material Type:
- Middle East and Africa
- By Material Type:
- Aluminum
- Copper/Brass
- Aluminum/Plastic
- By Radiator Type:
- Down Flow
- Cross Flow
- By Vehicle Type:
- Passenger Car
- Compacts
- Sub-compact
- Mid-size
- Sedan
- Luxury
- Van
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle(HCV)
- By Sales Channel:
- Original Equipment Manufacturer (OEM)
- Aftermarket
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By Material Type:
- North America