Automotive Radiator Market Size and Production Forecast 2034

Automotive Radiator Market Size, Trends and Competitive Landscape

The automative radiator market size is calculated at USD 9.2 billion in 2024 and is anticipated to reach around USD 16.38 billion by 2034, growing at a CAGR of 5.94% from 2025 to 2034.

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Automotive Radiator Market Overview

The automotive radiator market is a prominent sector of the automotive industry. This industry deals in manufacturing and distribution of radiators for automotives. There are several types of radiators available in the market comprising of down-flow radiators and cross-flow radiators. These radiators are manufactured using various materials such as aluminum, copper/brass, composites and some others. It is developed for numerous end-users consisting of OEMs and aftermarket. The growing demand for commercial vehicles around the world has boosted the industrial expansion. This market is projected to rise significantly with the growth of the automotive components industry in different parts of the globe.

• According to the Malaysian Automotive Association, in Malaysia, around 48543 commercial vehicles were sold in 2020 that increased to 80571 in 2023.

Market Highlights

• North America dominated the automotive radiator market due to the presence of several automobile companies such as Ford, Chevrolet, General Motors and some others.
• Asia Pacific is projected to rise with the highest growth rate due to availability of raw materials along with rising demand for vehicles in China and India.
• Aluminum segment held the largest share of the market as it is widely used in the manufacturing of automotive radiators due to several advantages such as flexibility, strength, lightweight, malleability and some others.
• Passenger cars segment led the industry due to rapid investment by automotive manufacturers coupled with increasing preference of hatchbacks among consumers.

Automotive Radiator Market Trends

• According to the Society of Indian Automobile Manufacturers, around 2,12,04,162 vehicles were sold in India during 2022-23 that increased to 2,38,53,463 in 2023-24.
• According to the India Brand Equity Foundation, the automotive sector received a cumulative equity FDI inflow of around US$ 35.40 billion in between April 2000 and September 2023.
• According to the Specialty Equipment Market Association, the automotive specialty equipment industry size reached US$ 52.3 billion in 2023.
• According to the International Organization of Motor Vehicle Manufacturers, around 610725 vehicles were manufactured in Argentina in 2023.

Industry Leader Announcement

In September 2024, Hope Thompson, the CEO of Northern Radiator made an announcement stating that” The new Denver location will allow us to better serve our customers in Colorado and the Mountain West region by ensuring same-day or next day service to more areas. Adding this location in the Denver area helps us continue to deliver on these commitments to our customers.”

Market Trends

The automotive radiator market has been experiencing significant growth due to the technological advancements in the automotive sector. The growing demand for passenger cars along with increased consumer preference for luxury vehicles has increased the demand for radiators in current times. Also, the radiator companies are investing significantly for developing superior grade radiators, thereby contributing to the industrial expansion.

• According to the International Organization of Motor Vehicle Manufacturers, around 54742117 passenger cars were sold in 2020 that increased to 65272367 in 2023.

Market Segments

By Product Type

• Down-flow
• Cross-flow

By Sales Channel

• OEMs
• Aftermarket

By Vehicle

• Compact
• Sub-compact
• Mid-size
• Sedans
• Luxury
• Vans

By Material

• Aluminium
• Copper / Brass
• Aluminium / Plastic

By Region

• North America
  • US
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait