Engine Cooling System Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[185+ Pages Report] According to the report published by Facts and Factors, the global Engine Cooling System market size was worth around USD 36.95 billion in 2022 and is estimated to grow around USD 48.70 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.02% between 2023 and 2030. The report analyses the global Engine Cooling System market drivers, restraints/challenges, and the effect they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the Engine Cooling System market.

The global engine cooling system market report encompasses in-depth information related to the market ranging from its introduction to the forecasted growth trend on a global and regional basis. Our analysts have employed various statistical approaches and certain market research tools to extract crucial information and determine the engine cooling system market trends. The report includes historical data from 2019 to 2021 and forecasts information from 2023 to 2030.

The report provides market valuation in terms of USD million along with additional statistical data of the market. This market-oriented study offers all the growth factors along with the market restraining aspects. In addition to this, details on new product launches, supply & demand chain, strategic alliances, global and regional segmentation, trends, and various business models are also provided. The report encompasses key aspects such as several business collaborations, industry acquisitions, and emerging companies, among others that have and will help market expansion.

Our analysts made extensive use of various strategic planning techniques such as SWOT analysis, PESTEL analysis, and Porter's Five Forces to determine all the factors affecting the growth of the global engine cooling system market either directly or indirectly. To make the complex analytical data more comprehensible, the report includes pictorial, statistical, and graphical information related to the market.

Report Scope

Thermal energy transfer plays a vital role in balancing the heat generated through a vehicle's engine. The diesel-powered vehicles hardly consume 33% of the fuel energy for driving purpose and the majority of energy is liberated in the form of heat. The basic role of an engine cooling system is to eject excess heat out of the engine to improve its efficiency.

The lucrative demand for automobiles and the significant increase in the establishment of automotive plants in the developing regions are the two major factors expected to witness the considerable growth of the global engine cooling system market. Apart from this, the unified target of several automotive manufacturers to upgrade the engine cooling systems for enhanced performance and fuel efficiency of the vehicle would probably provide a boost to the global engine cooling systems market. The need for the replacement of auto parts is increasing owing to the increasing average life of vehicles on road, thereby fueling the demand of the engine cooling system (auto part) as well.

For effectual analysis, the global engine cooling system market report exhibits segmentation of the market based on the type, component, sales channel, vehicle, and region. By type, the market is segmented into liquid cooling systems and air cooling systems. By component, the global market is categorized into the radiator, cooling fluid-coolant, cooling fan control module, radiator hose, water pumps, cooling fan module, and others.

By the sales channel, the market is classified into aftermarket and OEM. By vehicle, the market is segmented into low commercial vehicles, passenger cars, heavy commercial vehicles, and two-wheeler. Based on the region, the market is divided into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Top Market Players:

Some of the key market players in the global engine cooling system market are:

• Calsonic Kansei Corporation
• Denso Corporation
• Schaeffler Group
• Visteon Corporation
• Mahle GmbH
• Continental AG
• Sogefi
• BorgWarner
• Delphi Automotive LLP

The global engine cooling system market is segmented as:

By Type

• Liquid Cooling Systems
• Air-Cooling Systems

By Component

• Radiator
• Cooling Fluid-Coolant
• Cooling Fan Control Module
• Radiator Hose
• Water Pumps
• Cooling Fan Module
• Others

By Sales Channel

• Aftermarket
• OEM

By Vehicle Type

• Low Commercial Vehicles
• Passenger Cars
• Heavy Commercial Vehicles
• Two Wheeler

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America