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Automotive Radiator Market

Global Market Study on Automotive Radiators: High Replacement Rate of Old Radiators to Push Market Growth

Global Automotive Radiator Market Segmentation by Product Type- (Down-flow, Cross-flow) and By Material Type ( Aluminium, Copper / Brass, Aluminium / Plastic).

Global Automotive Radiator Outlook (2023-2033)

Global Automotive Radiator sales were valued at around US$ 8,552.9 Million at the end of 2022. The market is projected to register 5.3% CAGR and top a valuation of US$ 15,142.5 Million by 2033.

Automotive Radiator Market Size (2022A)

US$ 8,552.9 Million

Estimated Market Size (2023E)

US$ 9,034.7 Million

Projected Market Value (2033F)

US$ 15,142.5 Million

Value CAGR (2023−2033)


Collective Share: Top 3 Countries (2023E)


An automotive radiator is a crucial part of any vehicle, as it helps to maintain the temperature of the engine. Radiators are made up of several components that help cool down engines and other parts of vehicles. They include tanks for containing coolant, tubes for circulating liquid throughout the system, fins that provide more surface area for heat exchange, and a fan to draw air across those fins. As liquid passes through these components it absorbs heat from inside the vehicle before being released back out into the atmosphere where external cooling occurs. By using this process radiators keep essential parts within their optimal operating temperatures.

The automobile industry is seeing unprecedented growth due to a number of factors. Firstly, the increasing requirement for personal commutes in order to avoid public transportation has driven up demand for private vehicles. This, coupled with multiple vehicle ownership by households and the replacement of ageing fleets has caused an exponential increase in sales.

In addition, access to finance options has also been beneficial in driving auto sales. Easy financing options such as leasing and installment payments have allowed individuals from all income levels to purchase their own vehicle. Manufacturers are offering competitive interest rates as well as discounts on certain models to further boost sales. Such aforementioned factors are indirectly driving OEM demand for radiators.

East Aisa is anticipated to hold a prominent share of the market due to the growing population, China is hub for the vehicle production owing to availability of raw material and workforce at lower cost, that is anticipated to boost the overall Automotive Radiator market during the forecast period. According to Persistence Market Research analysis East Asia is anticipated to hold 31.9% of the market share.

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Demand Analysis of Automotive Radiator (2018?2022) Vs. Market Forecasts (2023?2033)

From 2018 to 2022, the global automotive radiator market expanded at a CAGR of around 4.2%. Owing to the commencement of COVID-19, the automotive industry has witnessed a huge drop in demand and sales. Following COVID-19, vehicle sales registered an uptick in order to meet the increasing demand generated post COVID period. Automotive vehicle industry is experiencing significant impact over the shortage of semiconductor chips and raw materials owing to U.S.-China trade conflicts and Ukraine-Russia war effects which somehow has a negative impact on automotive production and demand for the automotive radiator as well.

In the Europe region, industries are facing energy shortages owing to the deliberate reduction of gas supplies by Russia. It is the primary reason for the recent surge in gas prices in the EU, which has had an effect on the cost of electricity generated by gas-fired power plants and on the price of electricity, making energy-intensive industries loss-making, so they are simply being shut down. This has a negative impact on the automotive industry and, thus, the radiator market.

The growing trend of engine downsizing for improved fuel efficiency and performance is a significant driving force in the global automotive radiator market. Similarly, the great demand for passenger automobiles and light commercial vehicles is influencing the automotive radiator market during the forecast period.

Furthermore, similar to the conventional internal combustion engine, electric and hybrid vehicles also need external cooling to avoid overheating, improve efficiency, and prevent the breakdown of motors, batteries, and other components. The effective cooling of the component in electric cars requires an advanced multilayer radiator with an effective coolant. In hybrid vehicles, sometimes multiple radiators cool the internal combustion engine and batteries separately. These factors are expected to drive the market for the automotive radiator with innovation in vehicles over the forecast period.

Positive technological development has created lucrative market opportunities for automotive radiators. Persistence Market Research projects the market to expand at a 5.3% CAGR through 2033.

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What are the market drivers supporting the growth of Automotive Radiator?

“Stringent Emission Norms”

Increasing enforcement of strict carbon emission regulations is expected to reinvigorate the development of the Automotive Radiators Market. Radiators help regulate engine temperatures within the car efficiently and effectively; this is especially pertinent for electric and CNG vehicles that have no exhaust fumes to dissipate heat away from the engine. With improved radiator technology, it is now possible to maintain consistent temperatures inside the engine, even when subjected to excessive stress or road conditions. As a result, these cars can run more efficiently with fewer emissions while still managing performance capabilities and longevity.

In the wake of increasing air pollution, governments around the world are introducing a host of measures to reduce emissions from cars through electric vehicles and CNG vehicles. Additionally, many countries have introduced incentives such as tax rebates or subsidies for people buying electric or CNG vehicles in order to encourage adoption of these green technologies.

Hybrid and EV vehicles have witness a rapid rise in demand in the recent past which require additional low temperature heat exchangers for regulated battery cooling. Consumers are also preferring low-emission vehicles due to the financial benefits of lower fuel costs and less reliance on volatile fossil fuel vehicles, which is increasing sales of low-emission vehicles and fueling the market for automotive radiators over the forecast period.

“Increasing Vehicles sales”

One of the key drivers for the expansion of the automotive radiator market is the growth of vehicle sales, which is being fueled by rising urbanisation and consumer demand for vehicles. Almost all developed and emerging nations now consider having a car to be a basic need. At the same time, demand for luxurious cars has skyrocketed, which is fueling the expansion of the automotive radiator market.

The market has seen a number of technological advancements due to the increased demand for automobile solutions for maximum engine power and fuel economy, and rising demand for automotive heat exchangers is anticipated to revive market growth. The market is expanding because hybrid cars are in high demand and need more low-temperature heat exchangers, which is driving the market's growth.

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What are the Recent Trends Impacting the Automotive Radiator Market?

“Downsizing the engine to improve the efficiency of the vehicles.”

Downsizing engines and slowing them down can significantly improve fuel economy in passenger cars. In fact, a smaller engine running at a lower speed and carrying more weight has less friction, less heat loss, and more efficiency, which is complementing sales of automotive radiator market to grow.

Engine downsizing is becoming increasingly popular in the automotive industry as a result of the stringent carbon emission norms. To meet these regulations, carmakers are now shifting towards smaller displacement engines and turbocharging to improve their efficiency. This trend has led to increased demand for compact and effective radiators that can fit into limited under-bonnet space without compromising on performance.

To meet this requirement, novel designs of radiators are being developed by manufacturers that offer superior thermal performance while taking up less space. These designs feature improved fin design and condenser core structure, along with unique cooling technology such as electric fans that enable efficient heat transfer without increasing size or weight. This ensures optimum engine cooling while freeing up valuable under-bonnet space for other components like air filters, exhaust systems etc.

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Country-wise Insights

Which Country is dominating the Automotive Radiator Market?

“China Dominating Automotive Radiator Market”

In 2022, the China Automotive Radiator Market is expected to register 6.2% year-on-year growth by volume. The china market is projected to witness steady growth during the forecast period, with the development of innovative products, availability of raw material and workforce at lower cost, and continoues development in the automobile.

However, the continuous initiative from the government to reduce carbon footprint by supporting hybrid and electric vehicles driving the market for the automotive raditors. Rising disposale income, Growing adoption of hybrid vehicles and consumers preference towards electric vehicle increasing the sales of the vehicle. Sales of the commercial vehicle increase owing to growth in the transportation sector. Precense of several Automotive manufacturing units  in the china is fueling the market growth for the radiator market. The study estimated that the East Asia market will surpass the revenue worth US$ 2,144.8 Million by the end of 2023.

Which is the most prominent market for Automotive Radiator?

“U.S. Market is prominent market for Automotive Radiator”

Corporate Average Fuel Economy (CAFE) standards regulate the average fuel economy for new vehicles, including cars and trucks sold in the United States. Vehicle manufacturers need to meet this regulation to avoid the penalty. However, this has a significant impact on the automotive industry and the radiator market as well.

Governments and environmental agencies in the U.S. are introducing strict environmental rules and regulations for the automotive industry to address the growing environmental concerns, which may support the manufacturing of electric vehicles and fuel-efficient engines over the forecast period. Factors such as increased vehicle life due to technological advancements, increased vehicle fuel economy, and increased road safety awareness among people are driving the growth of the automotive market in the United States, which is driving the market for automotive radiators.

Category-wise Insights

Which Material Type is Anticipated to Dominate the Market Growth?

“Aluminium/plastic material is dominate the market growth”

Conventional copper and non-coated metal aluminium radiators have a lower propensity to rust and corrosion. Compared to copper and brass, it is less expensive and simpler to fix. Plastic/aluminium radiators are a less costly option than other radiator. These reasons explain why aluminium radiators are popular across all.

Aluminium/plastic material radiator are lighter, which results in a car that uses less gasoline by the virtue of their light weight and aluminium radiators. The fact that these radiators are made of recyclable metal, which is beneficial for the environment, is one of its key advantages. Since aluminium radiators are better heat conductors and heat absorbers than other materials, they speed up the cooling of heated coolant flowing through tubes. These factors are fueling aluminium to become dominate market. The aluminium material is projected to create an absolute dollar opportunity of more than US$ 12,604.5 Million between 2023 and 2033.

Competitive Landscape

Over the past few years, many manufacturers have formed collaborations with international players to compete with renowned companies and increase their market presence. Increased acquisition and expansion activities have been observed in order to improve the automotive radiator supply chain. Key manufacturers are investing in research and development to provide a diverse range of automotive radiators that can be customised for each individual customer. The emergence of new manufacturers has also been witnessed in this space.

Automotive Radiator Industry Report Scope



Forecast Period


Historical Data Available for


Market Analysis

  • USD Million for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • The Middle East and Africa

Key Countries Covered

  • The U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • The U.K.
  • Spain
  • Russia
  • Türkiye
  • South Africa
  • Gulf Cooperation Council
  • Northern Africa
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • New Zealand

Key Segments Covered

  • By Product Type
  • By Material Type
  • By Sales Channel
  • By Vehicle
  • By Region

Key Companies Profiled

  • Valeo S.A.
  • PWR Advanced Cooling Technology
  • Calsonic Kansei Corporation
  • Denso Corporation
  • MAHLE GmbH
  • Zhejiang Yinlun Machinery Co.
  • Ltd, Sanden Holdings Corporation
  • T.RAD Co., Ltd
  • TYC Brothers Industrial Co. Ltd.
  • Nissens A/S
  • Modine Manufacturing Company
  • Keihin Corporation and Banco Products (I) Ltd.

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

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Global Automotive Radiator Market by Category

By Product Type, the Global Automotive Radiator Market is segmented as:

  • Down-flow
  • Cross-flow

By Sales Channel, the Global Automotive Radiator Market is segmented as:

  • OEMs
  • Aftermarket

By Vehicle, the Global Automotive Radiator Market is segmented as:

  • Compact
  • Sub-compact
  • Mid-size
  • Sedans
  • Luxury
  • Vans

By Material, the Global Automotive Radiator Market is segmented as:

  • Aluminium
  • Copper / Brass
  • Aluminium / Plastic

By Region, the Global Automotive Radiator Market is segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa

- Companies Covered in This Report -

  • General Electric
  • Calsonic Kansei Corporation
  • Denso Corporation
  • Mahle GmbH
  • Zhejiang Yinlun Machinery Co., Ltd.
  • Sanden Holdings Corporation
  • T.RAD Co., Ltd.
  • TYC Brother Industrial Co. Ltd.
  • Nissen A/S
  • Modine Manufacturing Company
  • Banco Products (I) Ltd.
  • Keihin Corporation
  • PWR Advanced Cooling Technology
  • Nissim India Private Limited.
  • Kor tech Auto Industries Pvt. Ltd.
  • Spectra Premium
  • Griffin Thermal Products
  • Saldana Racing Products

- Frequently Asked Questions -

The Global Automotive Radiator Market is estimated to be around US$ 8,552.9 Million in 2022.

The demand for Automotive Radiator is projected to increase by 5.3 % during the forecasted period from 2023 and 2033.

The demand in India is projected to grow at  5.8 % CAGR from 2023 to 2033 by value.

Valeo S.A., Calsonic Kansei Corporation, Denso Corporation, MAHLE GmbH, Zhejiang Yinlun Machinery Co., Ltd, Sanden Holdings Corporation,  PWR Advanced Cooling Technology are a Few of the top players holding 50% to 55% of the market share in the Automotive Radiator market.

The market for Automotive Radiator by volume in China is expected to surge at 6.0 % CAGR through 2033.

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