PUBLISHER: Orion Market Research | PRODUCT CODE: 1327610
PUBLISHER: Orion Market Research | PRODUCT CODE: 1327610
Title: Global Transmission Coolers Market Size, Share & Trends Analysis Report by Type (Fan Cooling and Water Cooling) and by Application (Commercial Vehicles and Passenger Vehicles)Forecast Period (2023-2030).
The global transmission coolers market is anticipated to grow at a CAGR of 10.0% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for efficient cooling systems in vehicles to enhance performance and prevent overheating. Other factors, such as rising commercial vehicle sales and increasing consumer awareness about the benefits of transmission coolers are anticipated to fuel the demand for transmission coolers. For instance, in the passenger vehicles segment, the adoption of transmission coolers to improve fuel efficiency and prolong transmission life is expected to drive market growth. An example of this is the JEGS 60385, an 18,000 GVW automatic transmission cooler designed to help extend the life of the transmission while improving fuel efficiency and horsepower. JEGS high-performance transmission coolers undergo ultrasonically soldering, electrostatically powder-coating, and 100% pressure testing at 150 PSI for reliability. Additionally, the JEGS 53501 is a transmission cooler and cooling fan mount kit that fits JEGS 555-60370 to 555-60376 coolers. Furthermore, the JEGS Auto Trans Oil Cooler is a high-performance transmission cooler with a 26,000 GVW rating that includes 4 ft. of 3/8 in. Hose and two 9/16 in fittings.
The global transmission coolers market is segmented based on its type and application. Based on type, the market is segmented into fan cooling and water cooling. Based on the application, the market is categorized into commercial vehicles and passenger vehicles. Among type, fan cooling transmission coolers are widely used owing to their cost-effectiveness and ease of installation.
The commercial vehicles is anticipated to register significant growth over the forecast period. Trucks and buses, which fall under this category, require efficient transmission cooling systems to endure heavy loads and continuous operation. This increasing demand for transmission coolers has driven the growth of transmission cooler adapters, which facilitate seamless integration and enhance functionality in automotive cooling systems.
For instance, in February 2022, Improved Racing launched a new thermostatic automatic transmission fluid cooler adapter designed for specific six-speed, eight-speed, and ten-speed GM automatic transmissions. The new adapter aims to reduce wear, improve horsepower, and eliminate other issues caused by overcooling of the transmission fluid. The Improved Racing Automatic Transmission Cooler Adapter with Thermostat is the first direct bolt-on, thermostatic transmission fluid cooler adapter tailored for GM's 6L, 8L, and 10L automatic transmissions. It comes with a built-in thermostat and is 100% bolt-on for easy installation.
The global transmission coolers market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North America region is anticipated to hold a prominent share in the transmission coolers market during the forecast period. The growth of the market in North America is primarily driven by factors such as the presence of a large number of commercial vehicles and the demand for efficient cooling systems in passenger vehicles.
The Asia-Pacific region is also projected to experience considerable growth in the transmission coolers market due to the rapid expansion of the automotive industry and increasing awareness about the benefits of transmission cooling systems.