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Car Radiator Market Projects a Worth of US$ 8.67 Billion by 2030

Car Radiator Market Research Report Analysis by Product Type (Down-Flow, Cross-Flow), By Material (Aluminum, Copper/Brass, Aluminum/Plastic), By Car Type (Compact, Sub-Compact, Mid-Size, Sedan, Luxury, Van), By Sales Channel (OEMs, Aftermarket), & By Region - Forecast till 2030

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Format : Car Radiator Market Projects a Worth of US$ 8.67 Billion by 2030

Car Radiator Market Overview

“The Car Radiator Market is estimated to increase at a CAGR of 5.45% from $ 4.45 Billion in 2023 to $ 8.67 Billion by 2030.”

The car engine, responsible for combustion, generates a continuous temperature rise during use. Extended driving can significantly increase engine temperature. To prevent overheating, it's crucial to have a cooling system. A radiator transfers heat from the engine into the air, containing coolant that flows through the radiator's channels. A cooling system helps control engine temperature and prevent overheating.

The car engine coolant, a radiator, operates when neutral temperature water is pumped into the engine channel to absorb heat. The water flows, absorbing and returning heat to the radiator. The hot water enters the higher tank, where it cools the engine, and then flows into the radiator core, dissipating heat into the air.

In 2023, car radiators dominated the global automotive radiator market with a market share of over 48%, a trend expected to persist in the future.

Car owners should be aware of signs of radiator failure to avoid costly repairs. Symptoms include:

  • The instrument cluster temperature gauge has experienced an unusual increase and decrease.
  • The car's hood is filled with smoke.
  • The amount of green liquid, such as coolant or antifreeze, that accumulates under the vehicle.
  • There is visible signs of rust on the cooling system's components.

Car Radiator Market | Market Report Service

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Key Features

When purchasing a replacement radiator, consider several factors, including top features, before selecting a suitable radiator for your vehicle.

  • Radiator Size
  • Radiator Rows
  • Aluminum vs Copper-Brass Radiator Cores
  • Crossflow vs Downflow

Sales Analysis

“The report predicts that OEMs are expected to generate the majority of sales revenue.”

OEM-made radiators offer a longer service life due to their reliability and robustness. Sales of radiators for cars through OEMs are predicted to grow at a CAGR of 6.24% over the next seven years. Radiators are auto parts that require frequent replacement, unlike other fixed vehicle parts that come in a variety of aftermarket options.

The aftermarket for automobile radiators is expected to grow due to the replacement cycle and the increasing global auto production. The demand for aftermarket radiators is expected to rise due to the popularity of vehicle customization and increased spending on performance components.

Car radiator suppliers are targeting Europe due to its growing demand for high-quality products and services.

Europe's car manufacturing industry is renowned globally, with Germany leading the market in automobile radiators. Over the next decade, Germany is expected to maintain its leadership due to increased automobile sales and manufacturing. Other factors supporting radiator sales include rising demand for luxury vehicles, technological advancements in the industry, and European customizing trends. This will help Germany maintain its leadership in the European market until 2030.

Car Radiator Market Segment Analysis

Radiator Material Pros and Cons

Material

Pros

Cons

Copper-Brass

Easier to repair
Better for endurance

Heavier
Tends to be larger

Aluminum

Lighter
More Efficient

Usually need to be replaced rather than repaired

“The article discusses the widespread use of aluminum car radiators globally.”

Aluminium radiators cool engines more effectively than copper-brass ones, but copper is a superior heat conductor due to its lower heat conductivity, as no radiator is made of pure copper, but instead a copper-brass alloy.

Traditional copper and non-coated metal radiators are prone to corrosion, affecting cooling effectiveness and increasing failure rates. To address these issues, automakers are increasingly using aluminum-based radiators. The demand for aluminum-based radiators is expected to rise as more customers opt for these radiators to enhance their vehicle's reliability and efficiency.

The global aluminium radiator market is projected to experience a CAGR of 4.34%, accounting for 68% of the global market value in 2023.

Competitive Landscape of the Car Radiator Market Analysis

  • Valeo SA
  • Marelli
  • Denso Corporation
  • Mahle GmbH
  • Zhejiang Yinlun Machinery Co. Ltd.
  • Kor Tech Auto Industries Pvt. Ltd.
  • Spectra Premium
  • PWR Advanced Cooling Technology
  • Griffin Thermal Products
  • Saldana Racing Products
  • TYC Brother Industrial Co. Ltd.
  • Nissen A/S
  • Modine Manufacturing Company
  • Sanden Holdings Corporation
  • RAD Co. Ltd.
  • Banco Products (I) Ltd.
  • Keihin Corporation

New Developments

Breaking News, In January 2023, The Guyana Manufacturing and Services Association (GMSA) signed an agreement with NBR Cooling Systems Pvt. Ltd., a renowned manufacturer of radiators based in India. The Indian company had plans to inject US$ 1 million into Guyanese business to promote vehicle component manufacturing in Guyana.

May. 25, 2020, Many government entities in the U.S, Canada and Mexico where DENSO operates issued shelter-in-place orders or similar mandates that paused the North American auto industry. During this time, many DENSO production facilities continued to produce products deemed essential under local government requirements, such as aftermarket and service parts.

The Super Six was among the essential service teams that continued to work to produce service parts for those who needed them. During this time, they produced more than 2,500 service radiators for 150 different part numbers going back as far as 15-20 model years. They volunteered to work Monday-Friday rather than bring in additional team members. Why? They felt it was safest to limit exposure to others. This demonstrates a tenet of DENSOspirit to overcome challenges and to collaborate as a team to do right by one another and society.

Regional Analysis

“The article explores the impact of various factors on the sales of car radiators in the United States.”

The US is implementing strict fuel efficiency and emission standards to reduce vehicle emissions, urging automakers to install effective radiators. This is opening up new market potential for domestic car radiator businesses. In 2023, the US is expected to ship 89.45% of all automobile radiators sold in North America.

The US is a lucrative market for automobile radiators globally due to its significant manufacturers and robust distribution network, and the introduction of advanced cooling technology in domestic radiators is predicted to accelerate market growth through 2030.

“The article explores the factors that are attracting car radiator manufacturers to China.”

China's government initiatives and cheap labour are driving vehicle radiator manufacturers to establish factories in the country. The middle-class population's increased disposable income is expected to boost vehicle sales and benefit radiator shipments. By 2030, China is predicted to account for about 3/4 of the region's demand for automobile radiators, highlighting the country's support for manufacturing and the wide availability of raw materials.

Segments Covered in the Car Radiator Market Report

By Product Type:

  • Cross-Flow
  • Down-Flow

By Material:

  • Aluminum
  • Copper/Brass
  • Aluminum/Plastic
  • By Car Type:
  • Compact
  • Sub-Compact
  • Mid-Size
  • Sedan
  • Luxury
  • Van

By Sales Channel:

  • OEMs
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the expected growth rate of the Car Radiator market over the next 7 years?

Car Radiator Market is estimated to increase at a CAGR of 5.45% from $ 4.45 Billion in 2023 to $ 8.67 Billion by 2030| Report 2023 by published by Market Report Service

Who are the major players in the Car Radiator market and what is their market share?

Valeo SA, Marelli, Denso Corporation, Mahle GmbH, Zhejiang Yinlun Machinery Co. Ltd., Kor Tech Auto Industries Pvt. Ltd., Spectra Premium, PWR Advanced Cooling Technology, Griffin Thermal Products, Saldana Racing Products, TYC Brother Industrial Co. Ltd., Nissen A/S, Modine Manufacturing Company, Sanden Holdings Corporation, T.RAD Co. Ltd., Banco Products (I) Ltd., Keihin Corporation., are prominent players operating and dominating in the market.

Who are the top 3 Car Radiator Market Key Vendors?

Valeo SA, Marelli, Denso Corporation, Mahle GmbH, are key players in the Car Radiator market.

Which geographical areas dominate the worldwide market for Car Radiator?

North America region are emerging as the top regional markets for Car Radiator solutions.