Automotive Radiator Market By Product , By Material By Vehicle Type By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2024-2032

Description

The global automotive radiator market was valued at $8.6 billion in 2023, and is projected to reach $13.5 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032.

An automotive radiator is a heat exchanger device installed in vehicles. A radiator is designed to regulate and expel the excess heat generated by the engine during its operation. It is a critical component of automobiles and integral to the engine cooling system, resulting in ensuring optimal engine performance and preventing it from overheating. A vehicle engine generates a substantial amount of heat, which damages engine parts and leads to mechanical failures. A radiator ensures proper heat dispersion, thus ensuring the longevity of the engine and maintaining overall vehicle performance.

The growth of the global automotive radiator market is driven by rise in vehicle production and increase in demand for electric and hybrid vehicles. The growing sales of electric and hybrid vehicles have made it increasingly prevalent, in reducing vehicle weight to extending electric vehicle range and optimizing energy efficiency. Moreover, stringent regulations in the automobile industry drive the growth of the market. The government regulation in reducing emissions from vehicles and making them safer and reducing overall vehicle weight has gained popularity. Lighter vehicles consume less fuel, emit fewer greenhouse gases, and have better handling and acceleration.

However, fluctuation in prices of raw materials is hindering the growth of the market. In recent years, the prices for raw materials, particularly aluminum, have grown immensely, majorly due to supply chain disruption. Contrarily, growth in the automobile industry offers lucrative opportunity for the automotive radiators manufacturer in some regions. For instance, according to 2021 data from ICEX Spain Exportation and Investment, Spain is the 2nd largest automobile manufacturer in Europe and the 9th largest in the world; Spain has presence of 9 multinational companies and over 17 manufacturing facilities in the country. Moreover, the country manufactured around 2.1 million vehicles in 2021 which accounted for 10% of Spain GDP and 18% of its total export. The automobile industry in the region invested heavily in R&D and in modernizing its manufacturing facilities; 86% of the vehicles and 60% of the auto parts manufactured in the country were exported globally in 2021. The Spanish automobile production facilities are some of the most efficient and automated in Europe, with 1, 000 industrial robots for every 10, 000 employees.

Segmentation Overview

The automotive radiator market is segmented into the product, material, vehicle type, distribution channel, and region. Depending on the product, the market is bifurcated into crossflow and down-flow. By material, it is divided into aluminum, copper, brass, and plastic. According to vehicle type, the market is classified into passenger vehicles and commercial vehicles. As per distribution channel, it is fragmented into OEM and aftermarket. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By product, the crossflow segment held the largest market share in 2023.

Depending on material, the aluminum segment acquired the highest market share in 2023.

According to vehicle type, the passenger vehicles segment gained the maximum share in the market in 2023.

As per distribution channel, the aftermarket segment acquired most of the market share in 2023.

Region wise, Asia-Pacific dominated the automotive radiator market in 2023.

Competitive Analysis

The major players operating in the automotive radiator market include Denso Corporation, Visteon Corporation, MODINE MANUFACTURING COMPANY, Valeo SA, Marelli Corporation, Faret International Holdings Limited, Mahle GmbH, KOYORAD Co., Ltd., CSF Cooling, and Griffin Thermal Products. Other players in the automotive radiator market include Mishimoto Automotive, Spectra Premium Industries, TYC Genera, Champion Cooling Systems, and AKG Group. These players have adopted several strategies, including product development and innovation, mergers & acquisitions, partnerships, and collaborations.

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Upcoming/New Entrant by Regions
New Product Development/ Product Matrix of Key Players
SWOT Analysis

Key Market Segments

By Product

Cross-Flow
Down-Flow

By Material

Aluminum
Copper
Brass
Plastic

By Vehicle Type

Passenger Vehicle
Commercial Vehicles

By Distribution Channel

OEM
Aftermarket

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

Denso Corporation
Visteon Corporation
MODINE MANUFACTURING COMPANY
Valeo SA
Marelli Corporation
Faret International Holdings Limited
MAHLE GmbH
KOYORAD Co., Ltd.
CSF Cooling
Griffin Thermal Products

Product Code: A11411

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: AUTOMOTIVE RADIATOR MARKET, BY PRODUCT

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Product
4.2. Cross-Flow
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Down-Flow
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country

CHAPTER 5: AUTOMOTIVE RADIATOR MARKET, BY MATERIAL

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Material
5.2. Aluminum
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Copper
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Brass
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Plastic
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: AUTOMOTIVE RADIATOR MARKET, BY VEHICLE TYPE

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By Vehicle Type
6.2. Passenger Vehicle
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Commercial Vehicles
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country

CHAPTER 7: AUTOMOTIVE RADIATOR MARKET, BY DISTRIBUTION CHANNEL

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Distribution Channel
7.2. OEM
- 7.2.1. Key Market Trends, Growth Factors and Opportunities
- 7.2.2. Market Size and Forecast, By Region
- 7.2.3. Market Share Analysis, By Country
7.3. Aftermarket
- 7.3.1. Key Market Trends, Growth Factors and Opportunities
- 7.3.2. Market Size and Forecast, By Region
- 7.3.3. Market Share Analysis, By Country

CHAPTER 8: AUTOMOTIVE RADIATOR MARKET, BY REGION

8.1. Market Overview
- 8.1.1 Market Size and Forecast, By Region
8.2. North America
- 8.2.1. Key Market Trends and Opportunities
- 8.2.2. Market Size and Forecast, By Product
- 8.2.3. Market Size and Forecast, By Material
- 8.2.4. Market Size and Forecast, By Vehicle Type
- 8.2.5. Market Size and Forecast, By Distribution Channel
- 8.2.6. Market Size and Forecast, By Country
- 8.2.7. U.S. Automotive Radiator Market
  - 8.2.7.1. Market Size and Forecast, By Product
  - 8.2.7.2. Market Size and Forecast, By Material
  - 8.2.7.3. Market Size and Forecast, By Vehicle Type
  - 8.2.7.4. Market Size and Forecast, By Distribution Channel
- 8.2.8. Canada Automotive Radiator Market
  - 8.2.8.1. Market Size and Forecast, By Product
  - 8.2.8.2. Market Size and Forecast, By Material
  - 8.2.8.3. Market Size and Forecast, By Vehicle Type
  - 8.2.8.4. Market Size and Forecast, By Distribution Channel
- 8.2.9. Mexico Automotive Radiator Market
  - 8.2.9.1. Market Size and Forecast, By Product
  - 8.2.9.2. Market Size and Forecast, By Material
  - 8.2.9.3. Market Size and Forecast, By Vehicle Type
  - 8.2.9.4. Market Size and Forecast, By Distribution Channel
8.3. Europe
- 8.3.1. Key Market Trends and Opportunities
- 8.3.2. Market Size and Forecast, By Product
- 8.3.3. Market Size and Forecast, By Material
- 8.3.4. Market Size and Forecast, By Vehicle Type
- 8.3.5. Market Size and Forecast, By Distribution Channel
- 8.3.6. Market Size and Forecast, By Country
- 8.3.7. France Automotive Radiator Market
  - 8.3.7.1. Market Size and Forecast, By Product
  - 8.3.7.2. Market Size and Forecast, By Material
  - 8.3.7.3. Market Size and Forecast, By Vehicle Type
  - 8.3.7.4. Market Size and Forecast, By Distribution Channel
- 8.3.8. Germany Automotive Radiator Market
  - 8.3.8.1. Market Size and Forecast, By Product
  - 8.3.8.2. Market Size and Forecast, By Material
  - 8.3.8.3. Market Size and Forecast, By Vehicle Type
  - 8.3.8.4. Market Size and Forecast, By Distribution Channel
- 8.3.9. Italy Automotive Radiator Market
  - 8.3.9.1. Market Size and Forecast, By Product
  - 8.3.9.2. Market Size and Forecast, By Material
  - 8.3.9.3. Market Size and Forecast, By Vehicle Type
  - 8.3.9.4. Market Size and Forecast, By Distribution Channel
- 8.3.10. Spain Automotive Radiator Market
  - 8.3.10.1. Market Size and Forecast, By Product
  - 8.3.10.2. Market Size and Forecast, By Material
  - 8.3.10.3. Market Size and Forecast, By Vehicle Type
  - 8.3.10.4. Market Size and Forecast, By Distribution Channel
- 8.3.11. UK Automotive Radiator Market
  - 8.3.11.1. Market Size and Forecast, By Product
  - 8.3.11.2. Market Size and Forecast, By Material
  - 8.3.11.3. Market Size and Forecast, By Vehicle Type
  - 8.3.11.4. Market Size and Forecast, By Distribution Channel
- 8.3.12. Russia Automotive Radiator Market
  - 8.3.12.1. Market Size and Forecast, By Product
  - 8.3.12.2. Market Size and Forecast, By Material
  - 8.3.12.3. Market Size and Forecast, By Vehicle Type
  - 8.3.12.4. Market Size and Forecast, By Distribution Channel
- 8.3.13. Rest of Europe Automotive Radiator Market
  - 8.3.13.1. Market Size and Forecast, By Product
  - 8.3.13.2. Market Size and Forecast, By Material
  - 8.3.13.3. Market Size and Forecast, By Vehicle Type
  - 8.3.13.4. Market Size and Forecast, By Distribution Channel
8.4. Asia-Pacific
- 8.4.1. Key Market Trends and Opportunities
- 8.4.2. Market Size and Forecast, By Product
- 8.4.3. Market Size and Forecast, By Material
- 8.4.4. Market Size and Forecast, By Vehicle Type
- 8.4.5. Market Size and Forecast, By Distribution Channel
- 8.4.6. Market Size and Forecast, By Country
- 8.4.7. China Automotive Radiator Market
  - 8.4.7.1. Market Size and Forecast, By Product
  - 8.4.7.2. Market Size and Forecast, By Material
  - 8.4.7.3. Market Size and Forecast, By Vehicle Type
  - 8.4.7.4. Market Size and Forecast, By Distribution Channel
- 8.4.8. Japan Automotive Radiator Market
  - 8.4.8.1. Market Size and Forecast, By Product
  - 8.4.8.2. Market Size and Forecast, By Material
  - 8.4.8.3. Market Size and Forecast, By Vehicle Type
  - 8.4.8.4. Market Size and Forecast, By Distribution Channel
- 8.4.9. India Automotive Radiator Market
  - 8.4.9.1. Market Size and Forecast, By Product
  - 8.4.9.2. Market Size and Forecast, By Material
  - 8.4.9.3. Market Size and Forecast, By Vehicle Type
  - 8.4.9.4. Market Size and Forecast, By Distribution Channel
- 8.4.10. South Korea Automotive Radiator Market
  - 8.4.10.1. Market Size and Forecast, By Product
  - 8.4.10.2. Market Size and Forecast, By Material
  - 8.4.10.3. Market Size and Forecast, By Vehicle Type
  - 8.4.10.4. Market Size and Forecast, By Distribution Channel
- 8.4.11. Australia Automotive Radiator Market
  - 8.4.11.1. Market Size and Forecast, By Product
  - 8.4.11.2. Market Size and Forecast, By Material
  - 8.4.11.3. Market Size and Forecast, By Vehicle Type
  - 8.4.11.4. Market Size and Forecast, By Distribution Channel
- 8.4.12. Thailand Automotive Radiator Market
  - 8.4.12.1. Market Size and Forecast, By Product
  - 8.4.12.2. Market Size and Forecast, By Material
  - 8.4.12.3. Market Size and Forecast, By Vehicle Type
  - 8.4.12.4. Market Size and Forecast, By Distribution Channel
- 8.4.13. Malaysia Automotive Radiator Market
  - 8.4.13.1. Market Size and Forecast, By Product
  - 8.4.13.2. Market Size and Forecast, By Material
  - 8.4.13.3. Market Size and Forecast, By Vehicle Type
  - 8.4.13.4. Market Size and Forecast, By Distribution Channel
- 8.4.14. Indonesia Automotive Radiator Market
  - 8.4.14.1. Market Size and Forecast, By Product
  - 8.4.14.2. Market Size and Forecast, By Material
  - 8.4.14.3. Market Size and Forecast, By Vehicle Type
  - 8.4.14.4. Market Size and Forecast, By Distribution Channel
- 8.4.15. Rest of Asia-Pacific Automotive Radiator Market
  - 8.4.15.1. Market Size and Forecast, By Product
  - 8.4.15.2. Market Size and Forecast, By Material
  - 8.4.15.3. Market Size and Forecast, By Vehicle Type
  - 8.4.15.4. Market Size and Forecast, By Distribution Channel
8.5. LAMEA
- 8.5.1. Key Market Trends and Opportunities
- 8.5.2. Market Size and Forecast, By Product
- 8.5.3. Market Size and Forecast, By Material
- 8.5.4. Market Size and Forecast, By Vehicle Type
- 8.5.5. Market Size and Forecast, By Distribution Channel
- 8.5.6. Market Size and Forecast, By Country
- 8.5.7. Brazil Automotive Radiator Market
  - 8.5.7.1. Market Size and Forecast, By Product
  - 8.5.7.2. Market Size and Forecast, By Material
  - 8.5.7.3. Market Size and Forecast, By Vehicle Type
  - 8.5.7.4. Market Size and Forecast, By Distribution Channel
- 8.5.8. South Africa Automotive Radiator Market
  - 8.5.8.1. Market Size and Forecast, By Product
  - 8.5.8.2. Market Size and Forecast, By Material
  - 8.5.8.3. Market Size and Forecast, By Vehicle Type
  - 8.5.8.4. Market Size and Forecast, By Distribution Channel
- 8.5.9. Saudi Arabia Automotive Radiator Market
  - 8.5.9.1. Market Size and Forecast, By Product
  - 8.5.9.2. Market Size and Forecast, By Material
  - 8.5.9.3. Market Size and Forecast, By Vehicle Type
  - 8.5.9.4. Market Size and Forecast, By Distribution Channel
- 8.5.10. UAE Automotive Radiator Market
  - 8.5.10.1. Market Size and Forecast, By Product
  - 8.5.10.2. Market Size and Forecast, By Material
  - 8.5.10.3. Market Size and Forecast, By Vehicle Type
  - 8.5.10.4. Market Size and Forecast, By Distribution Channel
- 8.5.11. Argentina Automotive Radiator Market
  - 8.5.11.1. Market Size and Forecast, By Product
  - 8.5.11.2. Market Size and Forecast, By Material
  - 8.5.11.3. Market Size and Forecast, By Vehicle Type
  - 8.5.11.4. Market Size and Forecast, By Distribution Channel
- 8.5.12. Rest of LAMEA Automotive Radiator Market
  - 8.5.12.1. Market Size and Forecast, By Product
  - 8.5.12.2. Market Size and Forecast, By Material
  - 8.5.12.3. Market Size and Forecast, By Vehicle Type
  - 8.5.12.4. Market Size and Forecast, By Distribution Channel

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. Denso Corporation
- 10.1.1. Company Overview
- 10.1.2. Key Executives
- 10.1.3. Company Snapshot
- 10.1.4. Operating Business Segments
- 10.1.5. Product Portfolio
- 10.1.6. Business Performance
- 10.1.7. Key Strategic Moves and Developments
10.2. Visteon Corporation
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Operating Business Segments
- 10.2.5. Product Portfolio
- 10.2.6. Business Performance
- 10.2.7. Key Strategic Moves and Developments
10.3. MODINE MANUFACTURING COMPANY
- 10.3.1. Company Overview
- 10.3.2. Key Executives
- 10.3.3. Company Snapshot
- 10.3.4. Operating Business Segments
- 10.3.5. Product Portfolio
- 10.3.6. Business Performance
- 10.3.7. Key Strategic Moves and Developments
10.4. Valeo SA
- 10.4.1. Company Overview
- 10.4.2. Key Executives
- 10.4.3. Company Snapshot
- 10.4.4. Operating Business Segments
- 10.4.5. Product Portfolio
- 10.4.6. Business Performance
- 10.4.7. Key Strategic Moves and Developments
10.5. Marelli Corporation
- 10.5.1. Company Overview
- 10.5.2. Key Executives
- 10.5.3. Company Snapshot
- 10.5.4. Operating Business Segments
- 10.5.5. Product Portfolio
- 10.5.6. Business Performance
- 10.5.7. Key Strategic Moves and Developments
10.6. Faret International Holdings Limited
- 10.6.1. Company Overview
- 10.6.2. Key Executives
- 10.6.3. Company Snapshot
- 10.6.4. Operating Business Segments
- 10.6.5. Product Portfolio
- 10.6.6. Business Performance
- 10.6.7. Key Strategic Moves and Developments
10.7. MAHLE GmbH
- 10.7.1. Company Overview
- 10.7.2. Key Executives
- 10.7.3. Company Snapshot
- 10.7.4. Operating Business Segments
- 10.7.5. Product Portfolio
- 10.7.6. Business Performance
- 10.7.7. Key Strategic Moves and Developments
10.8. KOYORAD Co., Ltd.
- 10.8.1. Company Overview
- 10.8.2. Key Executives
- 10.8.3. Company Snapshot
- 10.8.4. Operating Business Segments
- 10.8.5. Product Portfolio
- 10.8.6. Business Performance
- 10.8.7. Key Strategic Moves and Developments
10.9. CSF Cooling
- 10.9.1. Company Overview
- 10.9.2. Key Executives
- 10.9.3. Company Snapshot
- 10.9.4. Operating Business Segments
- 10.9.5. Product Portfolio
- 10.9.6. Business Performance
- 10.9.7. Key Strategic Moves and Developments
10.10. Griffin Thermal Products
- 10.10.1. Company Overview
- 10.10.2. Key Executives
- 10.10.3. Company Snapshot
- 10.10.4. Operating Business Segments
- 10.10.5. Product Portfolio
- 10.10.6. Business Performance
- 10.10.7. Key Strategic Moves and Developments