자동차 엔진 냉각 시스템 시장 예측(-2030년) : 구성요소 유형, 차량 유형, 엔진 유형, 냉각 유형, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Engine Cooling System Market is accounted for $36.4 billion in 2024 and is expected to reach $51.1 billion by 2030 growing at a CAGR of 5.8% during the forecast period. An automotive engine cooling system is designed to regulate the engine's temperature by dissipating excess heat produced during combustion. It prevents the engine from overheating, ensuring optimal performance and longevity. The system typically includes components such as the radiator, water pump, thermostat, coolant, and hoses. Coolant circulates through the engine, absorbing heat and transferring it to the radiator, where it is cooled by airflow. The thermostat controls the flow of coolant to maintain the engine at its ideal operating temperature, promoting efficiency and reducing the risk of engine damage.

According to the manufacturer, the device has OAT technology, which offers a drain interval of up to 5,000 kilometers (5 years) of service life.

Market Dynamics:

Driver:

Growing demand for high-performance vehicles

The growing demand for high-performance vehicles is driving the auto market as these vehicles require advanced cooling solutions to handle increased power and efficiency. High-performance engines generate more heat, necessitating superior cooling systems to maintain optimal operating temperatures and prevent overheating. This trend is fueling innovations in cooling technologies, such as enhanced radiators, cooling fans, and more efficient coolant formulations, to meet the needs of modern, high-performance vehicles.

Restraint:

Complexity of integration

The complexity of integration in the market can have several negative effects. As cooling systems become more advanced and integrated with other vehicle technologies, they may lead to higher production costs and longer development times. Additionally, complex systems can increase the likelihood of technical failures, require specialized maintenance, and complicate repairs. This complexity may also hinder the scalability and widespread adoption of innovative cooling solutions in the market.

Opportunity:

Increasing adoption of electric and hybrid vehicles

The increasing adoption of electric and hybrid vehicles is significantly influencing the market. While these vehicles lack traditional internal combustion engines, they still require advanced cooling systems to manage the heat generated by electric motors, batteries, and power electronics. As electric and hybrid vehicles become more popular, there is a rising demand for specialized cooling solutions to ensure efficient performance, battery longevity, and overall vehicle reliability.

Threat:

High initial investment costs

High initial investment costs in the market can pose significant challenges for manufacturers, particularly smaller companies. The need for advanced materials, technologies, and sophisticated designs raises production costs, which can result in higher vehicle prices. This may limit market accessibility, particularly in price-sensitive segments. Additionally, the substantial upfront investment can slow down the adoption of new, more efficient cooling technologies, hindering industry innovation and growth.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the market, causing delays in production and supply chain interruptions. Manufacturing plants faced closures, leading to a slowdown in vehicle production and a decline in demand for cooling systems. Additionally, economic uncertainties and reduced consumer spending impacted the automotive industry. However, as the market gradually recovers, there is a renewed focus on technological innovation and the shift toward electric vehicles.

The electric engine segment is expected to be the largest during the forecast period

The electric engine segment is anticipated to account for the largest market share during the projection period. By replacing traditional belt-driven fans, electric motors offer precise control over cooling, reducing energy consumption and improving overall fuel economy. These systems respond dynamically to engine temperatures, ensuring optimal performance and reducing emissions. As electric vehicles (EVs) and hybrid models grow in popularity, the demand for advanced, energy-efficient cooling systems continues to rise.

The Air cooling segment is expected to have the highest CAGR during the forecast period

The Air cooling segment is expected to have the highest CAGR during the extrapolated period. This method is lightweight, cost-effective, and requires less maintenance compared to liquid cooling systems. While commonly used in smaller engines or motorcycles, air cooling is less efficient for larger, high-performance engines. The demand for air-cooled systems is steady, particularly in budget-friendly and compact vehicles where simplicity is prioritized.

Region with largest share:

North America region is anticipated to account for the largest market share during the forecast period. The demand for high-performance, fuel-efficient vehicles, along with the rise of electric and hybrid vehicles, drives the need for advanced cooling solutions. Additionally, stringent environmental regulations and consumer preference for improved vehicle performance are influencing market trends. Key players in the region continue to innovate, boosting the market's development and competition.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period. The rise of electric vehicles in the region is transforming the automotive industry. EVs require different cooling technologies, such as battery cooling systems, in addition to traditional engine cooling solutions. The growing vehicle population in the region is also driving demand for aftermarket services related to engine cooling systems, including repairs and replacements. This is expected to contribute to market growth.

Key players in the market

Some of the key players in Automotive Engine Cooling System market include Valeo, Denso Corporation, Mahle GmbH, Continental AG, Modine Manufacturing Company, Visteon Corporation, Sanden Corporation, ZF Friedrichshafen AG, Sogefi Group, Aisin Seiki Co., Ltd., Hanon Systems, Johnson Electric, Thermo King Corporation, Aptiv PLC, Mitsubishi Electric Corporation, Honeywell International Inc., Delphi Technologies, Gates Corporation and Hella GmbH & Co. KGaA.

Key Developments:

In September 2024, DENSO Corporation has launched production of inverters at DENSO Fukushima Co., Ltd., to reinforce its manufacturing capability in Japan and enhance the DENSO Group's competitiveness in the electrification field. DENSO Fukushima is a DENSO Group company that manufactures automotive thermal products, such as air conditioners and engine cooling modules (ECMs), and fuel system components for gasoline engines.

In February 2024, ZF Aftermarket continued its expansion in India and the country becomes a hub for TRW's shock absorber manufacturing expertise through its manufacturing facility in the region. ZF Aftermarket made significant strides in expanding its product and solutions range for the Indian market by introducing TRW shock absorbers, brake pads, and brake discs.

Component Types Covered:

• Radiator
• Coolant/Antifreeze
• Water Pump
• Thermostats
• Cooling Fan
• Hoses and Belts
• Other Component Types

Vehicle Types Covered:

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles (EVs)
• Two-Wheelers

Engine Types Covered:

• Internal Combustion Engine (ICE)
• Electric Engine
• Hybrid Engines

Cooling Types Covered:

• Liquid Cooling
• Air Cooling
• Evaporative Cooling

Applications Covered:

• Trucks and Lorries
• Agricultural Vehicles
• Battery Cooling
• Tuning and Modifications
• Marine Engines
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Automotive Engine Cooling System Market, By Component Type

• 5.1 Introduction
• 5.2 Radiator
• 5.3 Coolant/Antifreeze
• 5.4 Water Pump
• 5.5 Thermostats
• 5.6 Cooling Fan
• 5.7 Hoses and Belts
• 5.8 Other Component Types

6 Global Automotive Engine Cooling System Market, By Vehicle Type

• 6.1 Introduction
• 6.2 Passenger Vehicles
• 6.3 Commercial Vehicles
• 6.4 Electric Vehicles (EVs)
• 6.5 Two-Wheelers

7 Global Automotive Engine Cooling System Market, By Engine Type

• 7.1 Introduction
• 7.2 Internal Combustion Engine (ICE)
• 7.3 Electric Engine
• 7.4 Hybrid Engines

8 Global Automotive Engine Cooling System Market, By Cooling Type

• 8.1 Introduction
• 8.2 Liquid Cooling
• 8.3 Air Cooling
• 8.4 Evaporative Cooling

9 Global Automotive Engine Cooling System Market, By Application

• 9.1 Introduction
• 9.2 Trucks and Lorries
• 9.3 Agricultural Vehicles
• 9.4 Battery Cooling
• 9.5 Tuning and Modifications
• 9.6 Marine Engines
• 9.7 Other Applications

10 Global Automotive Engine Cooling System Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Valeo
• 12.2 Denso Corporation
• 12.3 Mahle GmbH
• 12.4 Continental AG
• 12.5 Modine Manufacturing Company
• 12.6 Visteon Corporation
• 12.7 Sanden Corporation
• 12.8 ZF Friedrichshafen AG
• 12.9 Sogefi Group
• 12.10 Aisin Seiki Co., Ltd.
• 12.11 Hanon Systems
• 12.12 Johnson Electric
• 12.13 Thermo King Corporation
• 12.14 Aptiv PLC
• 12.15 Mitsubishi Electric Corporation
• 12.16 Honeywell International Inc.
• 12.17 Delphi Technologies
• 12.18 Gates Corporation
• 12.19 Hella GmbH & Co. KGaA