Global Aluminum Radiator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aluminum Radiator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Radiators are heat exchangers used to transfer thermal energy from one medium to another for the purpose of cooling and heating. The majority of radiators are constructed to function in cars, buildings, and electronics. Up to the 1980s, radiator cores were often made of copper and brass. Starting in the 1970s, use of aluminum increased, eventually taking over the vast majority of vehicular radiator applications. The main inducements for aluminum are reduced weight and cost. Aluminum radiators are welded or “aluminum brazed” and the finished piece is 100% aluminum. This eliminates the dissimilar metals and solder bloom problems that affect copper radiators. Aluminum radiators can also use wider tubes that create more surface contact area from the tubes to the fins and helps dissipate the heat quicker.

Market Overview:

The latest research study on the global Aluminum Radiator market finds that the global Aluminum Radiator market reached a value of USD 6931.88 million in 2022. It’s expected that the market will achieve USD 8645.59 million by 2028, exhibiting a CAGR of 3.75% during the forecast period.

Influence of COVID-19 Outbreak on Aluminum radiator Industry Development

The COVID-19 outbreak has taken the world by surprise and thrown most countries and economies off-gear. Until the virus is contained, businesses will continue to suffer, due to trade restrictions and reduced manufacturing activities across sectors. As far as the global aluminum radiator market space is concerned, the OEM as well as aftermarket segments are estimated to suffer negative growth in the year 2020, owing to a drop in demand across the world. The market will gradually pick pace and go back to its normal growth rate post pandemic.

Aluminum radiator Marketing channel sales will be affected differently. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Aluminum radiator enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Market Drivers

The global aluminum radiator market is expected to witness brisk growth over the forecast period owing to increasing demand for automotive heat exchangers. An increase in automobile demand is perceived to play a vital role in shaping the aluminum radiator market in the near future. Hybrid vehicles that have been in the market for more than a decade are expected to play a key role in shaping the market in the near future. Hybrid vehicles have witnessed a rapid rise in demand in the recent past. In addition to normal heat exchangers, hybrid vehicles require additional low-temperature heat exchangers for regulated battery cooling. The demand for these additional low-temperature heat exchangers is projected to play a key role in developing the global aluminum radiator market over the forecast period. Besides, passenger cars show high prominence in the automotive radiator market. The passenger cars are equipped with automotive radiators. Hence, the global sales of aluminum radiators are positively correlated with the sales of passenger vehicles. Passenger cars are expected to reflect high growth potential in the global aluminum radiator market, and this segment is expected to have high market attractiveness. Persistent developments in technology supported by increasing production are key factors responsible for passenger cars gaining high attraction for aluminum radiator applications. Increasing production and focused innovation in passenger cars are estimated to fuel growth even more over the coming years.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

MARELLI, Denso Corporation, T. RAD Co., Ltd., Delphi Technologies and Modine Manufacturing Company are the five key players in the global Aluminum Radiator market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Aluminum Radiator market in the past 5 years.

MARELLI is one of the world’s leading global independent suppliers to the automotive sector. MARELLI combines the best of Italian and Japanese heritage. Calsonic Kansei and Magneti Marelli united in May 2019 to create a leading player in the industry.

Around the world, MARELLI has put in place a number of activities aimed at protecting its people and supporting local community efforts against COVID-19. As part of the ongoing commitment to fight against the pandemic, MARELLI today announces a number of new initiatives in Japan utilising its expertise, facilities, equipment and professional skills as a leading global automotive supplier, and relying also on the involvement of its subsidiary Marelli Machine Works Corporation (Hiki-gun, Saitama Prefecture). In addition, MARELLI to extend temporary operational measures across Europe in response to Covid-19. In relation to the temporary suspension of production activities in the majority of its European plants announced on March 19th, Marelli confirms that the measure will be extended also for next week, until April 3rd. This measure is related to all European sites, except for a number of local cases where operations will continue on a reduced scale, in line with specific customers’ needs.

Denso Corporation manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motors, which is currently the largest shareholder with 24% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly HV, ICE, BEV, and FCV. The company operates internationally and was founded in 1949 as a result of spinning out of Toyota Motor and is headquartered in Kariya, Japan.

In accordance with the State of Michigan’s latest COVID-19 emergency orders, DENSO continues to observe its existing COVID-19 risk minimization policies and phased return-to-work approach to remain compliant with rules set by the Michigan Department of Health and Human Services (MDHHS) and Michigan Occupational Safety and Health Administration (MIOSHA). DENSO first introduced its risk minimization policies and phased return-to-work approach in May this year, implementing them across its North American sites as the automotive industry began increasing operations. After the State of Michigan announced the newest orders, DENSO closely reviewed its policies to ensure it is adhering to all MDHHS and MIOSHA guidelines – an effort guided by the company’s focus on putting employee safety first.

Segmentation Overview:

Among different product types, Down Flow Type segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Aluminum Radiator market covered in Chapter 3:

Denso Corporation
MARELLI
Delphi Technologies
Thermal Solutions Manufacturing
CSF Radiators
Spectra Premium Industries
NISSENS A/S
Radiadores Ordonez S.A.
Modine Manufacturing Company
Valeo S.A.
Mahle GmbH
T. RAD Co., Ltd.
Mishimoto
Zhejiang Yinlun Machinery Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Aluminum Radiator market from 2018 to 2029 is primarily split into:

Down Flow Type
Cross Flow Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aluminum Radiator market from 2018 to 2029 covers:

Automotive
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)