Automotive Engine Cooling Market Trends, Sector Overview and Forecast to 2028

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Published: March 29, 2024 Report Code: GDAUS180324-ST

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Automotive Engine Cooling Market Report Overview

The global automotive engine cooling systems market was 78.1 million units in 2023. The market will register a negative CAGR of more than 2% during 2023-2028 owing to the emerging market of electric vehicles. In 2023, Asia-Pacific accounted for a significant share of the automotive engine cooling market.

Automotive Engine Cooling Market Outlook, 2023-2028 (Million Units)

Automotive Engine Cooling Market Outlook, 2023-2028 (Million Units)

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The global automotive engine cooling systems market research report provides a comprehensive overview of the market trends and drivers. The automotive engine cooling report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, it helps evaluate strategic initiatives by market players and their recent product innovations. The report also provides an overview of patent filings across regions; countries; and top applicants.

Market Size (2023) 78.1 million units
CAGR (2023-2028) >(2)%
Key Regions Asia-Pacific, Europe, North America, South America, and MEA
Leading Players MAHLE, DENSO, Hanon Systems, Valeo, and Marelli
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Automotive Engine Cooling Systems Market Drivers

The major factors driving the demand for automotive engine cooling systems in cars are the increasing technological advancements in cars and advancements in material technologies for radiators.

Increasing Technological Advancements in Cars: Automakers are progressively integrating advanced technologies, including turbochargers and direct injection, to enhance engine performance. These advancements necessitate more sophisticated engine cooling systems. Consequently, there is a growing demand for advanced cooling systems such as liquid cooling in the automotive industry. Researchers are exploring the utilization of nano-liquids as coolants in cooling systems for improved performance.

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Automotive Engine Cooling Market Segmentation by Regions

In 2023, Asia-Pacific accounted for the highest share among all the regions

The key regions in the automotive engine cooling market are Asia-Pacific, Europe, North America, South America, and MEA. The engine cooling systems market in the Asia Pacific region has been performing exceptionally well in recent years. The growing industrial sector in countries such as China and India has increased the demand for commercial vehicles, which also require effective engine cooling systems. The expansion of the construction, mining, and logistics industries has further boosted the market growth.

Automotive Engine Cooling Market Analysis by Regions, 2023 (%)

Automotive Engine Cooling Market Analysis by Regions, 2023 (%)

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Automotive Engine Cooling Market - Competitive Landscape

MAHLE accounted for the highest automotive engine cooling market share in 2023

A few of the top companies operating in the automotive engine cooling systems  market are

  • MAHLE
  • DENSO
  • Hanon Systems
  • Valeo
  • Marelli
  • Others

MAHLE: MAHLE’s latest development features an integrated indirect cascaded charge air cooling system in the intake pipe, minimizing pressure loss and providing compact packaging advantages. Employing a two-stage cooling process, it achieves charge air temperatures close to that of the coolant. This approach addresses the imperative to reduce fuel consumption and CO2 emissions by diminishing swept volume, often coupled with turbocharging for power optimization. As turbocharging intensity rises, so does the demand for effective compressed air cooling.

Automotive Engine Cooling Market Analysis by Competitors, 2022 (%)

Automotive Engine Cooling Market Analysis by Competitors, 2022 (%)

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Automotive Engine Cooling Market – Latest Developments

A few of the latest developments in the automotive engine cooling market are as follows:

  • On 18th Nov 2023 Rheinmetall secured a contract for electric coolant pumps valued in the mid-double-digit million euros. This latest order expands the market presence of the Düsseldorf-based technology company in compliance with the new Euro 7 emission standards. Production is scheduled to commence next year and will continue for eight years until December 2031. The order includes approximately two million WUP3 electric coolant pumps.
  • On 2nd Nov 2023, BorgWarner secured a deal with a prominent North American Original Equipment Manufacturer (OEM) to provide its bi-directional 800V Onboard Charger (OBC) for the OEM’s premium passenger electric vehicle (EV) platforms.

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Segments Covered in the Report

Automotive Engine Cooling Regional Outlook (Value, Million Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global engine cooling sector. 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 four regions-Asia-Pacific, Europe, North America, South America, and 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

  • Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.

  • 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.

Delphi Technologies
Mahle
Denso Corporation
Hanon Systems
Valeo SA.

Table of Contents

  • 1. Executive Summary

  • 2. Part 1: Main Trends and Drivers

    • 2.1. Trends

    • 2.2. Drivers

  • 3. Part 2: Technologies and Developments

  • 4. Part 3: PESTER Analysis

  • 5. Part 4: 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 America Market Growth Analysis

    • 5.6. MEA Market Growth Analysis

  • 6. Part 5: Latest Developments

  • 7. Part 6: Key Companies

  • 8. Part 7: Patent Analysis

  • 9. Part 8: Appendix

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