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Automotive Engine Cooling System Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

1. Initialization

An important part of a car is the cooling system for the engine, which keeps it running at the right temperature. By moving coolant through the engine block to absorb heat, the cooling system aids in controlling engine temperature.

2. Market Expansion

From 2019 to 2024, the market for automotive engine cooling systems is anticipated to expand at a CAGR of 5.5%. The market is fueled by rising vehicle demand as well as the requirement for better engine cooling systems to satisfy emissions standards.

3. Major Figures

Robert Bosch GmbH, Delphi Technologies, Valeo SA, and Denso Corporation are a few of the leading companies in the automotive engine cooling system market.

4. Future Prospects

The automotive engine cooling system market has a promising future ahead of it, with healthy growth anticipated. The market is being propelled by the rise in vehicle demand as well as the requirement for better engine cooling systems to satisfy emissions regulations.

Automotive Engine Cooling System Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

2. Market Challenges for Automotive Engine Cooling Systems
There are some difficulties in the market for automotive engine cooling systems. These difficulties are:

1. The cost of parts for engine cooling systems is increasing.

2. There aren’t many aftermarket products available.

3. The warranty coverage for parts of the engine cooling system is frequently minimal.

4. The installation of parts for engine cooling systems is frequently difficult.

5. The performance of the parts of the engine cooling system can differ significantly.

3. Key Trends in the Automotive Engine Cooling System Market
From 2019 to 2024, the market for automotive engine cooling systems is anticipated to expand at a CAGR of 6.5%. The market is primarily being driven by the rising demand for light trucks and cars.

Every car needs an effective engine cooling system. It aids in maintaining the engine’s temperature and guards against overheating. There are many different kinds of cooling systems on the market, including air-, water-, and oil-cooled ones.

The most prevalent kind of cooling system used in automobiles is air-conditioning. They are less expensive than other kinds of cooling systems and use air to cool the engine. However, air-cooled systems are less efficient and more likely to overheat in hot climates.

The engine is cooled by water in systems that use it. They can be used in all types of climates and are more efficient than air-cooled systems. However, the cost of water-cooled systems is higher than the cost of air-cooled systems.

Oil is used in oil-cooled systems to cool the engine. They can be used in all types of climates and are more efficient than water-cooled systems. Oil-cooled systems cost more than water-cooled systems, though.

By vehicle type, cooling system type, and geography, the automotive engine cooling system market is divided.

The market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles, depending on the type of vehicle.

The market is divided into air-cooled, water-cooled, and oil-cooled segments based on the type of cooling system used.

Geographical divisions of the automotive engine cooling system market include North America, Europe, Asia-Pacific, and the Rest of the World.

Robert Bosch GmbH (Germany), Delphi Technologies (UK), Denso Corporation (Japan), Valeo SA (France), and Mahle GmbH are the industry’s top competitors (Germany).

4. The Impact of the Automotive Engine Cooling System Market (COVID-19)
During the forecast period of 2020–2025, the automotive engine cooling system market is anticipated to expand at a CAGR of about 6%. The increase in vehicle sales and production as well as the rise in the average vehicle age are the main factors fueling the market’s expansion.

The air cooling system and the liquid cooling system are the two categories into which the automotive engine cooling system market is divided. The radiator and the fan are further divided into the air cooling system, while the engine coolant and the oil cooler are further separated into the liquid cooling system.

The increase in vehicle production and sales is anticipated to drive the market for automotive engine cooling systems. It’s also anticipated that the rising average vehicle age will help the market expand. It is also anticipated that the strict emission regulations will increase demand for automotive engine cooling systems.

Due to the increase in vehicle production and sales in the region, the Asia-Pacific region is predicted to be the largest market for automotive engine cooling systems. Additionally, during the forecast period, the region is anticipated to experience the highest growth rate.

Denso Corporation, Robert Bosch GmbH, Valeo S.A., and Continental AG are the market leaders in automotive engine cooling systems.

5. Major Market Developments in the Automotive Engine Cooling System Industry
From 2017 to 2025, the market for automotive engine cooling systems is anticipated to expand at a CAGR of 6.01%. Rising demand for commercial vehicles and passenger cars, as well as tightening emission standards, are driving the market.

The market for passenger car engine cooling systems is anticipated to expand at the highest CAGR during the forecast period. The rising sales of passenger vehicles around the world are to blame for the expansion of the passenger vehicle market. According to vehicle type, the market for automotive engine cooling systems is dominated by passenger cars.

The largest market for automotive engine cooling systems is thought to be in the Asia-Pacific region, followed by Europe and North America. Due to rising auto sales and production in the region, the Asia-Pacific automotive engine cooling system market is anticipated to grow at the highest CAGR.

There are many regional and international players in the highly competitive market for automotive engine cooling systems. Denso Corporation (Japan), Robert Bosch GmbH (Germany), Delphi Automotive PLC (U.K.), Valeo S.A. (France), and Continental AG are significant market participants in the automotive engine cooling system industry (Germany).

Several significant advancements in the market for automotive engine cooling systems include:

Delphi Automotive PLC introduced a new engine cooling module for light commercial vehicles in January 2017. The module is made to accommodate the cooling requirements of pickup trucks, vans, and SUVs—light commercial vehicles.

Robert Bosch GmbH introduced a new engine cooling system for passenger cars in November 2016. The system is made to accommodate the cooling requirements of contemporary engines, including turbocharged and smaller engines.

Valeo S.A. introduced a new line of engine cooling products for light commercial vehicles in October 2016. The products are made to meet the cooling requirements of pickup trucks, vans, and SUVs, which are considered light commercial vehicles.

6. Market Analysis for Automotive Engine Cooling Systems
In the upcoming years, it is anticipated that the market for automotive engine cooling systems will expand significantly. The market is fueled by factors such as the rising demand for automobiles, the requirement for effective cooling systems, and the rising acceptance of aftermarket goods.

According to type, application, and geography, the market is divided. There are three different kinds of cooling systems: air-cooled, liquid-cooled, and hybrid. Automobile engine cooling systems are used in off-road vehicles, light commercial vehicles, heavy commercial vehicles, and passenger cars.

North America, Europe, Asia-Pacific, and the Rest of the World are the other four divisions of the market.

Robert Bosch GmbH, Delphi Automotive PLC, Valeo SA, Denso Corporation, and Nippon Automotive Industries Ltd. are some of the major players in the automotive engine cooling system market.

From 2018 to 2025, the market for automotive engine cooling systems is anticipated to expand at a CAGR of 5.5%.

The market is fueled by factors such as the rising demand for automobiles, the requirement for effective cooling systems, and the rising acceptance of aftermarket goods. According to type, application, and geography, the market is divided. There are three different kinds of cooling systems: air-cooled, liquid-cooled, and hybrid.

Automobile engine cooling systems are used in off-road vehicles, light commercial vehicles, heavy commercial vehicles, and passenger cars. North America, Europe, Asia-Pacific, and the Rest of the World are the other four divisions of the market.

Robert Bosch GmbH, Delphi Automotive PLC, Valeo SA, Denso Corporation, and Nippon Automotive Industries Ltd. are some of the major players in the automotive engine cooling system market.

From 2018 to 2025, the market for automotive engine cooling systems is anticipated to expand at a CAGR of 5.5%.

The market is fueled by factors such as the rising demand for automobiles, the requirement for effective cooling systems, and the rising acceptance of aftermarket goods. According to type, application, and geography, the market is divided. There are three different kinds of cooling systems: air-cooled, liquid-cooled, and hybrid.

MAHLE GmbH (Germany), Dana Incorporated (U.S.), Castrol (U.K.), Fluidyne Control Systems (P) Ltd (India), Titanx Engine Cooling, Inc. (U.S.), and PWR Holdings (Australia). Setrab (U.S.), Amsoil Inc. (U.S.), Blue Star Lubrication Technology LLC (U.S.), Valvoline (U.S.), Royal Dutch Shell (U.K.), and Chevron Corporation (U.S.)

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