Global Automotive Radiators Market Size By Product Type (Cross-Flow, Down-Flow), By Material (Aluminum, Copper, Brass), By Vehicle Type (Light Commercial Vehicle, Heavy Commercial Vehicle), By Geographic Scope And Forecast

Automotive Radiators Market Size And Forecast

Automotive Radiators Market size was valued at USD 7.89 Billion in 2022 and is projected to reach USD 10.72 Billion by 2030, growing at a CAGR of 4.56% from 2023 to 2030.

The growing demand for automotive heat exchangers and the increase in automobile demand are driving the market growth of the Automotive Radiators Market. The Global Automotive Radiators Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Radiators Market Definition

The Automotive radiator is the device used to cool the internal combustion engine at an accurate operating temperature. An automotive radiator may cause significant engine damage caused by overheating. The most common cause of radiator malfunction is physical damage, which warrants replacing one or all of its components. Depending on expired coolant or lacking coolant levels, the radiator function can be impaired, which can be fixed through a coolant flush.

Radiators are essential because they are the primary means of cooling the engine during operation. Defective radiators can cause severe engine damage from overheating. The most common cause of radiator failure is physical damage, and one or all parts of the radiator must be replaced. Radiator performance may be impaired if the coolant has run out or the coolant level is too low. This can be remedied by draining the coolant.

Global Automotive Radiators Market Overview

The primary factors driving the market growth are the high demand for automobiles is one of the critical factors shaping the Automotive Radiators Market. Increasing demand for automotive heat exchangers is expected to reinvigorate market growth. Hybrid vehicles enjoy great demand and require additional low-temperature heat exchangers, driving the market growth. The radiator protects the engine from overheating and damaging the entire engine. Piston engines are anticipated to be in significant demand soon due to the increased production of aircraft. Airplanes are faster than cars, so these engines are efficiently cooled without large cooling fans.

Increasing enforcement of strict CO2 emission regulations and regulations is expected to reinvigorate the development of the Automotive Radiators Market. In addition, the rising demand for automobiles in developing countries like China and India will further drive market growth. The constant changes in customer demands and technological advances, increasing product complexity, a rising government initiative in automobile industries, and growing issues with product packaging are the factors hampering the market growth of the Automotive Radiators Market.

Global Automotive Radiators Market Segmentation Analysis

The Global Automotive Radiators Market is segmented on the basis of Product Type, Material, Vehicle Type, And Geography.

Automotive Radiators Market, By Product Type

• Cross-Flow
• Down-Flow

Based on Product Type, The market is segmented into Cross-Flow and Down-Flow.

Automotive Radiators Market, By Material

• Aluminum
• Copper
• Brass

Based on Material, The market is segmented into Aluminum, Copper, and Brass.

Automotive Radiators Market, By Vehicle Type

• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Cars

Based on Vehicle Type, The market is segmented into Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars.

Automotive Radiators Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Regional Analysis, The Global Automotive Radiators Market is classified into North America, Europe, Asia Pacific, and Rest of the world.

Key Players

The "Global Automotive Radiators Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Calsonic Kansei Corporation, Denso Corporation, Mahle GmbH, Valeo SA, TYC Brother Industrial Co. Ltd., PWR Advanced Cooling Technology, Sanden Holdings Corporation, Griffin Thermal Products, Modine Manufacturing Company, and Keihin Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Partnerships, Collaborations, and Agreements
• In May 2022, ADVIK enters technical collaboration with Entecnia, Spain for electric vacuum pumps and related parts for xEV and ICE Braking Systems.
• Mergers and Acquisitions
• In February 2021, MAHLE completes the Keihin acquisition in Stuttgart/Germany, MAHLE has taken over the air conditioning business in Japan, Thailand, and the USA from Keihin Corporation.