Automotive Radiator Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The automotive radiator market size has grown steadily in recent years. It will grow from $8.15 billion in 2024 to $8.55 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to growing automotive production, stringent emission standards, rise in consumer awareness, increasing demand for electric vehicles, focus on lightweight materials.

The automotive radiator market size is expected to see steady growth in the next few years. It will grow to $10.13 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to global urbanization and traffic congestion, integration of smart cooling systems, increasing vehicle production, global shift towards sustainable mobility, government initiatives and incentives. Major trends in the forecast period include strategic collaborations and partnerships, innovations in heat exchange materials, continued technological advancements, technological advancements, global economic factors.

The rising demand for hybrid vehicles is anticipated to drive the growth of the automotive radiator market in the coming years. A hybrid vehicle is an automobile that integrates two or more distinct power sources to propel itself, enhancing overall fuel efficiency and reducing emissions. Radiators are essential for maintaining the efficiency of hybrid systems, which are recognized for their improved fuel economy and lower emissions. For instance, in April 2024, a report from the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, indicated that registrations of hybrid electric vehicles (HEVs) increased by 19.6%, reaching 44,550 units in 2024, compared to 37,252 units previously. Thus, the growing demand for hybrid vehicles is fueling the growth of the automotive radiator market.

The increasing emphasis on fuel economy is expected to boost the growth of the automotive radiator market moving forward. Fuel economy measures how efficiently a vehicle converts fuel into usable energy for movement. An automotive radiator enhances fuel economy by improving cooling capacity, which can affect aerodynamic drag and restrict engine airflow, potentially impacting fuel efficiency. For example, in June 2024, the U.S. Department of Transportation, a government agency, announced new vehicle fuel economy standards. According to these standards, the fuel economy for passenger cars is projected to improve by 2% annually from 2027 to 2031, while light trucks are expected to see a similar 2% annual increase for model years 2029 to 2031. By model year 2031, this will raise the average fuel economy of light-duty vehicles to approximately 50.4 miles per gallon. Additionally, fuel efficiency for heavy-duty pickup trucks and vans is projected to increase by 10% per year from 2030 to 2032 and by 8% annually from 2033 to 2035, leading to a fleetwide average of around 35 miles per gallon by model year 2035. Consequently, the rising demand for commercial vehicles is driving the growth of the automotive radiator market.

Major companies in the automotive radiator market are focusing on innovation. One notable development is the introduction of the Thermal Management Module (iTMM) by companies such as Marelli Corporation. The iTMM is an integrated module designed to efficiently manage various thermal circuits in vehicles. Marelli Corporation's iTMM, launched in July 2023, is tailored for electric vehicles (EVs) and optimizes thermal systems for the e-powertrain, battery, and cabin. This innovation enhances overall efficiency, reduces complexity, and improves driving range, particularly in severe weather conditions. The iTMM represents a significant advancement in EV thermal management and positions Marelli Corporation for potential growth in the electric car sector.

In June 2023, Westinghouse Air Brake Technologies Corporation acquired L&M Radiator Inc., a company specializing in heat exchange solutions. This acquisition has expanded Wabtec's presence in premium heat transfer solutions, extended its mining product portfolio, and strengthened its capacity to develop clean energy solutions for mining operations. The acquisition of L&M Radiator aligns with Wabtec's commitment to long-term growth and efficiency benefits for customers and shareholders in the transportation solutions sector.

Major companies operating in the automotive radiator market report are BAIC Group, Denso Corporation, Valeo S.A., Dongfeng Motor Group, Aptive Environmental LLC, Visteon Corporation, Modine Manufacturing Company, Mahle Behr Manufacturing Management Inc., Calsonic Kansei Corporation, TYC Brother Industrial Co. Ltd., Shandong Houfeng Group, Delphi Automotive PLC, T. RAD Co. Ltd., Nissens A/S, Banco Products India Ltd., Sanden Holdings Corporation, PWR Performance Products, Keihin Co. Ltd., Sciton Inc., Ron Davis Racing Products Inc., Mishimoto Automotive, CSF Radiators, Zhejiang Yinlun Machinery Co., DeWitts Radiator, Nippon Light Metal Holdings Co. Ltd., Griffin Thermal Products.

North America was the largest region in the automotive radiator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive radiator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive radiator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive radiator market consists of sales of thermostats, water pumps, radiator fans, pressure caps, and temperature sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

An automotive radiator is a critical component of a vehicle's cooling system, tasked with regulating and dissipating the excess heat produced by the internal combustion engine during its operation. This system typically consists of a network of tubes and fins through which a mixture of water and antifreeze coolant circulates.

The main types of automotive radiators are down-flow and cross-flow. A down-flow radiator is a specific type designed to efficiently cool the internal combustion engine in a vehicle. These radiators are constructed using various materials, including aluminum, copper, brass, and composites. They find application in a wide range of vehicles, including passenger cars, commercial vehicles, and two-wheeler vehicles, serving both original equipment manufacturers (OEMs) and aftermarket end-users.

The automotive radiator market research report is one of a series of new reports that provides automotive radiator market statistics, including automotive radiator industry global market size, regional shares, competitors with an automotive radiator market share, detailed automotive radiator market segments, market trends and opportunities, and any further data you may need to thrive in the automotive radiator industry. This automotive radiator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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