Automotive Engine Cooling Systems Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Engine Cooling Systems Market Report Overview
The automotive engine cooling systems market size is estimated at 76.6 million units in 2023. Over the forecast period, the engine cooling system market is anticipated to register a negative CAGR of more than 1% due to the emerging market of EVs.
However, technological innovation from antifreeze to coolant and on to thermal management fluids and downsizing or lowering displacement of combustion engines while keeping performance but with greater fuel efficiency are some of the factors that will drive the cooling systems market in the coming years.
Automotive Engine Cooling Systems Market Outlook 2023-2028 (Million Units)
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The automotive engine cooling systems market research report offers a comprehensive analysis of the trends & drivers, technological developments, PESTER outlook, sector forecast, and competitive landscape. The report brings together multiple data sources to provide a detailed overview of the global Engine Cooling Systems sector during the projected period.
|Market Size (2023)||76.6 million units|
|Key Segments||· OE Radiators|
|Key Regions||· Asia-Pacific
· North America
· South America
|Key Companies||· Mahle (inc Behr & Delphi)
· Hanon Systems
· Calsonic Kensei / Marelli
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Automotive Engine Cooling Systems Market – Technologies and Innovations
Denso’s Low-Cost Heat Exchangers: Four inexpensive heat exchangers were created by Denso for the Indian car industry. One production line is used to make the radiator, heater core, condenser, and evaporator of the vehicle. Traditionally, the corporation would have to use different manufacturing lines to make each product.
Thermal management systems for hybrid vehicles: Special considerations must be made for hybrid vehicle thermal management systems. Even when the engine is shut off, the thermal comfort of the occupants must be maintained. This storage evaporator keeps the cabin cold when the compressor is switched off. The faster a cold vehicle reaches operating temperature, the sooner it may restart start-stop operation.
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Automotive Engine Cooling Systems Market Segmentation by Sectors
The engine cooling systems operate in just one segment named the OE radiators. The segment, however, is expected to grow at a negative CAGR during the forecast period.
Automotive Engine Cooling Systems Market Segmentation by Region
In 2023, Asia-Pacific emerged as the largest regional segment of the engine cooling systems market.
The key regions in the engine cooling systems market are Asia-Pacific, Europe, North America, South America, and MEA. Asia-Pacific was followed by Europe and North America. The engine cooling systems market in the Asia Pacific region has been performing exceptionally well in recent years. The growing industrial sector in countries like China and India has increased the demand for commercial vehicles, which also require effective engine cooling systems.
Automotive Engine Cooling Systems Market Analysis by Region, 2023 (%)
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Automotive Engine Cooling Systems Market – Competitive Landscape
In 2021, Mahle and Denso were the market leaders for engine cooling systems.
The leading companies in the engine cooling systems market are:
- Mahle (inc Behr & Delphi)
- Hanon Systems
- Calsonic Kensei / Marelli
Mahle is creating cutting-edge integrated solutions by utilizing its experience in polymers, thermal management, and power electronics. In September 2021, Mahle introduced a new battery cooling system. Immersion cooling is a critical technology for the supplier since cooling is a huge challenge, especially for battery-powered electric automobiles that can charge quickly.
Automotive Engine Cooling Systems Market Analysis by Companies, 2021 (%)
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Automotive Engine Cooling Systems Market – Latest Developments
- In April 2023, Modine launched the new EVantage fuel cell stack cooling package for commercial zero-emission vehicles. A proprietary predictive cooling process using an intelligent algorithm that predicts and minimizes temperature was used at the fuel cell stack, extending vehicle range while maximizing longevity.
- In August 2022, BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, provided its advanced High-Voltage Coolant Heater (HVCH) technology for its new electric vehicle models.
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Key Segments Covered in this Report.
Automotive Engine Cooling Systems Sector Outlook (Volume, Million Units, 2018-2028)
- OE radiators
Automotive Engine Cooling Systems Regional Outlook (Volume, Million Units, 2018-2028)
- North America
- South America
It includes an analysis of the following –
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2017–2026, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across -Asia-Pacific, Europe, MEA, North America, and South America-highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Table of Contents
- 1. Executive Summary
- 2. Main Trends and Drivers
- 2.1 Trends
- 2.2 Drivers
- 3 Technologies and Innovations
- 4 PESTER Analysis
- 5 Sector Forecast
- 5.1 Sector Forecast – Global OE Radiator Volumes
- 5.2 Asia-Pacific Market Growth Analysis
- 5.3 European Market Growth Analysis
- 5.4 North American Market Growth Analysis
- 5.5 South American Market Growth Analysis
- 5.6 MEA Market Growth Analysis
- 6 Latest Developments
- 7 Key Companies
- 8 Patent Analysis
- 9 Appendix
Frequently asked questions
What is the automotive engine cooling systems market size in 2023?
The automotive engine cooling systems market size is estimated at 76.6 million units in 2023.
What will be the CAGR in the automotive engine cooling systems market during 2023-2028?
The automotive engine cooling systems market to register a negative CAGR of more than 1% during 2023-2028.
Which is the region garnering the highest engine cooling systems market share?
Asia-Pacific is the region garnering the highest automotive engine cooling systems market share.
Who are the leading engine cooling systems market players?
Mahle (inc Behr & Delphi), Hanon Systems, Valeo, Denso, Calsonic Kensei/Marelli, and Modine among others are some of the leading Engine Cooling Systems market players.
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