자동차용 라디에이터 및 커패시터 시장 예측(-2032년) : 차종별, 재료별, 부품별, 설계 유형별, 기술별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Automotive Radiator & Condenser Market is accounted for $16246 million in 2025 and is expected to reach $22708 million by 2032 growing at a CAGR of 4.9% during the forecast period. Automotive radiators and condensers are critical cooling components in vehicles. The radiator dissipates heat from engine coolant to maintain optimal engine temperature, preventing overheating. The condenser is part of the air conditioning system; it condenses refrigerant from a gaseous to a liquid state by releasing heat to the outside air. Both are typically made of metals like aluminum with fins to maximize heat exchange efficiency, ensuring engine performance and passenger comfort.

Market Dynamics:

Driver:

Increasing demand for fuel efficiency

Increasing demand for fuel efficiency is a major growth driver for the automotive radiator and condenser market. Modern cooling systems are designed to optimize engine temperature management, improving combustion efficiency and reducing fuel consumption. As global fuel economy regulations tighten, automakers are integrating lightweight, high-performance radiators and condensers to enhance thermal efficiency. Additionally, the shift toward hybrid and electric vehicles is expanding opportunities for advanced cooling solutions to manage battery and power electronics temperatures, further reinforcing market demand.

Restraint:

Market saturation in developed economies

Market saturation in developed economies poses a growth limitation for the automotive radiator and condenser sector. In mature markets such as Western Europe, North America, and Japan, high vehicle ownership rates and slower replacement cycles result in limited sales growth for OEM parts. Additionally, stringent quality standards and established supply chains create entry barriers for new players. This saturation shifts competitive focus toward emerging economies, where vehicle production and demand for replacement components are expanding more rapidly.

Opportunity:

Growth in aftermarket replacement demand

Growth in aftermarket replacement demand offers a strong opportunity for radiator and condenser manufacturers. Factors such as aging vehicle fleets, rising global vehicle part, and increased consumer focus on preventive maintenance are boosting aftermarket sales. In developing regions, expanding access to automotive service centers and affordable replacement options further supports this trend. Additionally, the rise of e-commerce platforms for automotive parts is enabling greater reach for aftermarket suppliers, opening new revenue channels for both branded and independent manufacturers.

Threat:

Shift towards maintenance-free cooling

Shift towards maintenance-free cooling systems presents a significant threat to the traditional radiator and condenser market. Advanced closed-loop and sealed cooling designs, particularly in electric vehicles, require minimal servicing and have longer lifespans. This reduces aftermarket demand for conventional components and shifts technological focus toward alternative thermal management solutions. As OEMs adopt more integrated, low-maintenance systems, suppliers specializing in traditional designs may face declining volumes unless they adapt to evolving vehicle cooling technologies and materials.

Covid-19 Impact:

The COVID-19 pandemic disrupted global automotive production, temporarily reducing demand for radiators and condensers due to factory shutdowns and supply chain interruptions. However, as economies reopened, pent-up vehicle demand, coupled with a surge in used vehicle sales, boosted aftermarket replacement needs. Additionally, increased focus on vehicle maintenance during lockdown periods supported component sales. While OEM demand took longer to recover, the overall market rebounded steadily, aided by growing demand for thermal systems in hybrid and electric vehicle segments.

The passenger cars segment is expected to be the largest during the forecast period

The passenger cars segment is expected to account for the largest market share during the forecast period, propelled by high global production volumes, consumer preference for personal mobility, and increasing integration of advanced cooling technologies. Radiators and condensers in passenger vehicles are evolving toward lightweight, compact, and high-efficiency designs to meet fuel economy and emission norms. Rising adoption of hybrid and electric passenger cars is further driving demand for specialized cooling solutions, reinforcing the segment's dominant position.

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

Over the forecast period, the aluminum segment is predicted to witness the highest growth rate, influenced by its superior heat dissipation properties, lightweight characteristics, and recyclability. Aluminum radiators and condensers help reduce overall vehicle weight, improving fuel efficiency and performance. Additionally, corrosion resistance and cost-effectiveness make aluminum a preferred material for both OEMs and aftermarket applications. The shift toward sustainable, high-performance cooling systems in both ICE and electric vehicles is expected to further accelerate aluminum adoption.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, fuelled by high automotive production in China, India, Japan, and South Korea. Expanding middle-class populations, rapid urbanization, and increasing vehicle exports from the region are key growth contributors. Furthermore, strong domestic manufacturing capabilities, coupled with rising demand for fuel-efficient and technologically advanced vehicles, are driving significant consumption of radiators and condensers in both passenger and commercial vehicle segments.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by strong adoption of advanced thermal management technologies, robust replacement demand, and growing hybrid and electric vehicle production. The presence of leading OEMs, combined with consumer preference for high-performance vehicles, supports the uptake of lightweight and efficient cooling components. Additionally, increasing investments in automotive R&D and the expansion of domestic manufacturing facilities are further bolstering the region's rapid market growth.

Key players in the market

Some of the key players in Automotive Radiator & Condenser Market include Denso Corporation, Valeo SA, MAHLE GmbH, Marelli (including Calsonic Kansei), Modine Manufacturing Company, Koyorad Co., Ltd., Hanon Systems, Sanden Corporation, Dana Incorporated, Delphi Technologies (now part of BorgWarner), Nissens A/S, Behr / MAHLE Behr, Tata AutoComp Systems Limited, Pranav Vikas Limited, Weifang Hengan Auto Parts Co., Ltd., Qingdao Toyo Radiator Co., Ltd., YINLUN (Shandong Yinlun), and Sogefi Group (Cir Automotive).

Key Developments:

In March 2025, Marelli Holdings Co., Ltd. entered into a strategic cooperation agreement with Hilite Automotive Systems at its Wuxi facility to advance integrated thermal management modules for new energy vehicles (NEVs).

In February 2025, Denso expanded its thermal product lineup by introducing 32 new part numbers across its thermal range, including 9 radiators and 19 condensers, available via its E-catalogue and TecDoc.

In February 2025, Valeo reported a slight recovery in sales amid rising U.S. tariffs on steel and aluminum. The company adjusted its 2025 revenue forecast to €21.5-22.5 billion-down from prior estimates-signaling cautious optimism in its automotive thermal segment.

Vehicle Types Covered:

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles

Materials Covered:

• Aluminum
• Copper
• Brass

Components Covered:

• Radiators
• Condensers

Design Types Covered:

• Downflow Radiators
• Crossflow Radiators
• Parallel Flow Condensers
• Serpentine Condensers

Technologies Covered:

• Liquid-Cooled
• Air-Cooled
• Hybrid Cooling Systems

Application

• OEM
• Aftermarket

End User

• Automotive Manufacturers
• Automotive Repair
• Maintenance Centers
• Vehicle Owners

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 2024, 2025, 2026, 2028, and 2032
• 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 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 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 Radiator & Condenser Market, By Vehicle Type

• 5.1 Introduction
• 5.2 Passenger Cars
• 5.3 Commercial Vehicles
• 5.4 Electric Vehicles

6 Global Automotive Radiator & Condenser Market, By Material

• 6.1 Introduction
• 6.2 Aluminum
• 6.3 Copper
• 6.4 Brass

7 Global Automotive Radiator & Condenser Market, By Component

• 7.1 Introduction
• 7.2 Radiators
• 7.3 Condensers

8 Global Automotive Radiator & Condenser Market, By Design Type

• 8.1 Introduction
• 8.2 Downflow Radiators
• 8.3 Crossflow Radiators
• 8.4 Parallel Flow Condensers
• 8.5 Serpentine Condensers

9 Global Automotive Radiator & Condenser Market, By Technology

• 9.1 Introduction
• 9.2 Liquid-Cooled
• 9.3 Air-Cooled
• 9.4 Hybrid Cooling Systems

10 Global Automotive Radiator & Condenser Market, By Application

• 10.1 Introduction
• 10.2 OEM
• 10.3 Aftermarket

11 Global Automotive Radiator & Condenser Market, By End User

• 11.1 Introduction
• 11.2 Automotive Manufacturers
• 11.3 Automotive Repair
• 11.4 Maintenance Centers
• 11.5 Vehicle Owners

12 Global Automotive Radiator & Condenser Market, By Geography

• 12.1 Introduction
• 12.2 North America
  • 12.2.1 US
  • 12.2.2 Canada
  • 12.2.3 Mexico
• 12.3 Europe
  • 12.3.1 Germany
  • 12.3.2 UK
  • 12.3.3 Italy
  • 12.3.4 France
  • 12.3.5 Spain
  • 12.3.6 Rest of Europe
• 12.4 Asia Pacific
  • 12.4.1 Japan
  • 12.4.2 China
  • 12.4.3 India
  • 12.4.4 Australia
  • 12.4.5 New Zealand
  • 12.4.6 South Korea
  • 12.4.7 Rest of Asia Pacific
• 12.5 South America
  • 12.5.1 Argentina
  • 12.5.2 Brazil
  • 12.5.3 Chile
  • 12.5.4 Rest of South America
• 12.6 Middle East & Africa
  • 12.6.1 Saudi Arabia
  • 12.6.2 UAE
  • 12.6.3 Qatar
  • 12.6.4 South Africa
  • 12.6.5 Rest of Middle East & Africa

13 Key Developments

• 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 13.2 Acquisitions & Mergers
• 13.3 New Product Launch
• 13.4 Expansions
• 13.5 Other Key Strategies

14 Company Profiling

• 14.1 Denso Corporation
• 14.2 Valeo SA
• 14.3 MAHLE GmbH
• 14.4 Marelli (including Calsonic Kansei)
• 14.5 Modine Manufacturing Company
• 14.6 Koyorad Co., Ltd.
• 14.7 Hanon Systems
• 14.8 Sanden Corporation
• 14.9 Dana Incorporated
• 14.10 Delphi Technologies (now part of BorgWarner)
• 14.11 Nissens A/S
• 14.12 Behr / MAHLE Behr
• 14.13 Tata AutoComp Systems Limited
• 14.14 Pranav Vikas Limited
• 14.15 Weifang Hengan Auto Parts Co., Ltd.
• 14.16 Qingdao Toyo Radiator Co., Ltd.
• 14.17 YINLUN (Shandong Yinlun)
• 14.18 Sogefi Group (Cir Automotive)