Automotive oil coolers are used to remove the harmful heat generated within the automotive engine. Automotive oil coolers help improve the lifespan of the automotive systems and the oil by reducing the amount of heat generated within the automotive systems. Specifically, automotive oil coolers are employed for controlling the temperature within the engine, transmission, and power steering systems of the vehicle. Mostly the oil coolers are used in the performance vehicles, which generate a high amount of heat due to their robust and compact construction.
Demand for automotive oil coolers is estimated to rise due to the increase in number of the sports and high speed vehicles in the automotive market. Increasing demand for lightweight vehicles among consumers, due to their higher fuel efficiency, is also likely to boost the automotive oil cooler market, as lightweight vehicles have light and compact engines and transmission systems, which are likely to produce high amount of heat due to reduced surface area of the system. Increasing emphasis of the automotive industry on electric vehicles is anticipated to hamper the market, as electric vehicles generate less amount of heat as compared to the internal combustion (IC) engines.
The automotive cooler market can be segmented based on application, vehicle type, and region.
Based on application, the automotive cooler market can be segregated into engine oil cooler, transmission oil cooler, and power steering oil cooler. Engine oil coolers control the temperature of the engine oil according to the requirement of the engine. Transmission oil coolers are employed to maintain the temperature of the transmission system by reducing the temperature of the lubricant utilized in the transmission assembly. Power steering dissipates high amount of heat, which reduces its lifespan, hence power steering coolers are used to reduce the temperature of the system.
Based on vehicle type, the automotive oil coolers market can be segregated into passenger vehicles, commercial vehicles, and off road vehicles. The passenger vehicles segment can be further sub-segmented into hatchbacks, sedans, and multi-utility vehicles. The commercial vehicles segment can be further split into light duty commercial vehicles and heavy duty commercial vehicle. Off road vehicles are utilized in the construction industry and for agricultural purposes, due to their heavy engine size and high carrying capacity, they also dissipate high amount of heat.
In terms of geography, the automotive oil cooler market can be segmented into Asia pacific, North America, Latin America, Europe, and Rest of the World. Europe, North America, and Asia are prominent markets for automotive oil coolers. In Asia Pacific, specifically, China and Japan are significant markets for automotive oil coolers. In terms of revenue, the global automotive oil cooler market is estimated to expand at a rapid pace during the forecast period due to the expansion of the automotive industry across the globe.
Key players operating in the global automotive cooler market include PWR Advance Cooling Technology, Calsonic Kansei Corporatioin, HAYDEN Automotive, Fluidyne, MODINE MANUFACTURING COMPANY, Dana Limited, MAHLE GmbH, Derale, DENSO CORPORATION, and Thermal Dynamics, LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.