Global Automotive Engine Oil Cooler Market by Applications, Vehicle Types, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The Global Automotive Engine Oil Cooler Market is expected to reach a considerable value growing at a CAGR of around 10% during the forecast period 2020–2026. The primary reason for its growth during the forecast period is its surge in demand in the automotive oil cooler due to rise in the sports vehicle around the world. The rise in demand of lightweight vehicle, is also a reason for the expected growth of the oil cooler market.
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Primary, automotive engine oil cooler are present in heavy vehicle and off-road vehicle. They are important since they help in cooling the engine oil during the process of combustion. While natural cooling is also a way to cool the engine oil, but by using these air coolers, the cooling process takes less time and the temperature is reduced much more than that by cooling naturally. These air coolers are of two types namely oil-to air, and oil-to-water. The oil-to-water coolers are generally more in use as compared to oil-to-air.
Market Trends, Drivers, Restraints, and Opportunities:
- The increasing use of vehicle around the world is a driving factor for the growth of the automotive engine oil cooler in the market.
- The fleet operators such as ambulances, cab service providers, prefer to use these oil coolers in vehicles which run for longer hours. This is also a reason for the growth of the oil cooler in the market.
- Rise in awareness about the engine oil coolers in the market, is also a reason behind its growth in the global market.
- Surge in demand of the oil cooler in the market, is also a driving factor for its growth in the market.
- The rise in demand of lightweight vehicle, is also a reason for the expected growth of the oil cooler market.
- Applications of oil coolers are quite extensive which is a also a reason for its expected growth in the market.
- The manufacturing of off-road vehicles is still low, which is expected to be a hindrance in the growth of the oil cooler in the market.
- Lack of awareness about the product in third world countries is expected to be an obstacle in the growth of the oil cooler in the market.
Competitive Landscape:
The number of companies which operate in the global automotive engine oil cooler market are quite a few in number. Some of these are
- Setrab
- Dana
- MAHLE
- Hayden Automotive
- FLUIDYNE
- Modine Manufacturing
- TitanX Engine Cooling
- DENSO CORPORATION
- Calsonic Kansei Corporation
- PWR Advance Cooling Technology
- Thermal Dynamics, LLC.
The market leaders are looking for various strategies such as partnerships, acquisitions, mergers, and product development to continue their market dominance.
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The Global Automotive Engine Oil Cooler Market has been segmented on the basis of
Applications:
- Power Steering Oil Cooler
- Transmission Oil Cooler
- Engine Oil Cooler
Vehicle Types:
- Commercial
- Off-road
- Passenger
Regions:
- Europe
- North America
- Middle East and Africa
- Latin America
- Asia Pacific
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Automotive Engine Oil Cooler Market Overview
- Global Automotive Engine Oil Cooler Market Analysis and Forecast by Type
- Global Automotive Engine Oil Cooler Market Analysis and Forecast by Application
- Global Automotive Engine Oil Cooler Market Analysis and Forecast by Sales Channel
- Global Automotive Engine Oil Cooler Market Analysis and Forecast by Region
- North America Automotive Engine Oil Cooler Market Analysis and Forecast
- Latin America Automotive Engine Oil Cooler Market Analysis and Forecast
- Europe Automotive Engine Oil Cooler Market Analysis and Forecast
- Asia Pacific Automotive Engine Oil Cooler Market Analysis and Forecast
- Middle East & Africa Automotive Engine Oil Cooler Market Analysis and Forecast
- Competition Landscape
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