Automotive Radiator Market Aims Bigger with Technological Innovations - 2026

As engine cooling is of utmost importance for automotive, increasing automotive sales are consolidating automotive radiator market. Different types of radiators are manufactured to meet the various engine requirements. OEM suppliers manufacture radiators for specific engine requirements, whereas aftermarket suppliers focus on compatibility of radiator with various engines. Increasing adoption of Hybrid or fully electric vehicles require manufacturing of new type of radiators which are more efficient than conventional radiators. This has increased market opportunities for new entrants. Prices for automotive radiators vary on different aspects. Prices differ on materials used for manufacturing- aluminum radiators are costlier than Copper/Brass radiators. Radiator prices also vary on engine power- more power engines require efficient and bigger radiators. Prices also differ for down flow and cross flow radiators. Production and sales region plays a bigger role in deciding prices.

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Automotive Radiator Market: Dynamics

The demand for maximum power are forcing OEMs to install bigger and efficient radiators in their vehicles. Especially Low capacity motorcycles (under 300 CC) which share majority of two wheeler market, are also being equipped with radiators. Increasing global production of passenger cars and light commercial vehicles are constantly fueling the automotive radiator market. Increasing fleet of aging vehicles provides new opportunities in the aftermarket. Technological advancement and increasing complexity in radiator designs are raising its market value in the automotive radiator market.

There are different emissions and product approval regulations in different regions around the world. This causes problems for manufacturers to establish their market in new region. Some of the bigger automotive manufacturers have developed their own regulation regarding their components suppliers, based on CSR policies (Corporate Social Responsibilities). These policies control quality and promote environmental management which in turn reduces net margin for suppliers. Though better quality radiators have increased engine performance but affected aftermarket demand because of long operation life of radiators.

Automotive Radiator Market: Segmentation

Automotive radiator market can be segmented on the basis of vehicle type, material type, and sales channel. Radiator market by vehicle type can further be segmented into two wheelers, four wheelers, heavy commercial vehicles, and off-road vehicles. Four wheeler segment covers the major market and therefore to have better understanding of automotive radiator market, it is sub segmented into passenger cars and light commercial vehicles. There are two type of automotive radiators based on material type- Aluminum Radiators and Copper/Brass radiators. Aluminum covers the major market share in two wheeler and four wheeler segments. Copper/Brass radiators are still used in Heavy commercial vehicles and Off-road vehicles. Copper/Brass radiator market has been showing a declination from a long time. Moreover, development in Aluminum radiators has constantly added to growth of aluminum radiators. Automotive radiator market segmentation based on sales channel is OEM market and Aftermarket.

Automotive Radiator Market: Regional outlook

Shifting of vehicle OEM production plants from developed countries towards growing economies are increasing market opportunities for automotive radiators across the globe. Mexico is expected to grow as a market leader in Latin America along with others. On the other hand, automotive radiator market of China & India is continuously growing in automotive radiator production as well as in consumption. While the rest of Asia Pacific have slower growth as compared to China and India. European market is expected to stagnate for a shorter period and expected to rise later by the end of 2020. Germany has a bigger share in the European market and is rising with faster rates than other European countries. Turkey & South Africa together share majority of automotive radiator market of Middle East & Africa region. North America is expected to grow steadily over the forecast period.

Automotive Radiator Market: Market Participants

Some of the examples of the market participants are Continental Corp., Denso Corp., Mahle GmbH, Dana Holding Corp., Hella KGaA Hueck & Co., Delphi Automotive plc, Modine Manufacturing Co., Valeo SA, Calsonic Kansei Corp., Dongfeng Radiator Co. Visteon Corp, Guangdong Faret Auto Radiator co.Ltd, KOYORAD Co., Ltd, Huangshan Keneng Auto Radiator co. ltd, T.RAD Co., Ltd, Gates Corp, Genera Corporation, and ACDelco among the others.

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