Engine Cooling System Market for Automotive - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Engine Cooling System Market for Automotive - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Machines

Report Description

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An engine produces tremendous heat while running, and it needs to be cooled in order to avoid damage to the engine and other components. Generally, an engine running at 50 miles per hour produces 4000 power strokes per minute. In a power stroke, the fuel is burned and enormous amount of heat is generated, which raises the temperature of the engine. If this heat is not dissipated properly, it is likely to damage the engine and its adjoining components. Therefore, a cooling system for the engine is necessary. This cooling can be carried out by water or by the surrounding air.

Maintaining engine temperature is a key task of an engine cooling system and a key driver of the market. However, rising urbanization, globalization, and increased per capita income have led to the increase in demand for automobiles, which in turn is driving the automotive engine cooling system market.

A key restraint to the automotive engine cooling system market is the increasing demand for electric vehicles. Increasing demand for electric vehicles is anticipated to hamper the engine cooling system market for automotive, as complete electric vehicles do not have an engine.

Technological advancements have offered numerous opportunities for the automotive engine cooling system market. Integration of conventional engine cooling system with advanced technologies have resulted in the development of more advanced cooling systems, which can maintain engine temperature irrespective of the surrounding temperature. These types of research and development activities have created significant opportunities for the engine cooling system market for automotive.

The automotive engine cooling system market can be segmented based on engine type, components, cooling medium, vehicle type, sales channel, and geography. In terms of engine type, the market can be classified into three segments. Demand for petrol engines is increasing at a rapid pace owing to their smooth working, better performance, and lower pollution. The petrol engine type segment is likely to dominate the market during the forecast period. Based on components, the market can be segregated into nine segments. Radiator, water pump, and heater are the major components of the cooling system and these segments hold a prominent share of the engine cooling system market for automotive.

In terms of cooling medium, the engine cooling system market can be segmented into two segments. The liquid-based engine cooling system is utilized in most automobiles owing to its compact size and better cooling performance. It holds a considerable share of the engine cooling system market for automotive. In terms of vehicle type, the market can be classified into two segments. Commercial vehicles require a larger engine cooling system. Consequently, the cost of engine cooling systems for heavy commercial vehicles such as trucks is significantly higher than that for passenger cars. Therefore, in terms of revenue, the commercial vehicle segment accounts for a major share of the engine cooling system market for automotive.

In case of sales channel, the engine cooling system market can be segregated into two segments. In terms of revenue, the OEM segment holds a prominent share of the market and is expected to dominate during the forecast period.

Based on region, the market can be segmented into five prominent regions. Asia Pacific witnesses a rise in demand for vehicles owing to the increased purchasing capacity of people in the region. This increased demand for vehicles is likely to propel the engine cooling system market for automotive. Countries in Asia such as India, China, and Japan are leading in the region in terms of sales of vehicles.

Key players operating in the coupling market for automotive include Continental AG, Schaeffler Group, BorgWarner Inc., Stant Corporation, CalsonicKansei North America, Inc., AKG Thermal Systems Inc., and Nidec Corporation. Continental AG and BorgWarner Inc. are leading suppliers of engine cooling systems for automotive in the market.

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.

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