Global Automotive Power Steering Cooler Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Off-Road Vehicle, Towing Vehicle, Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Racing Cars, and Others.

By Mounting;

Tube Type Cooler, Tank Type Cooler, and Others.

By Sales Channel;

OEM and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn005071082 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Automotive Power Steering Cooler Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Power Steering Cooler Market was valued at USD 1121.47 million. The size of this market is expected to increase to USD 1475.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The global automotive power steering cooler market is a vital segment within the automotive cooling system industry, serving to maintain optimal temperatures in power steering systems. These coolers play a crucial role in dissipating heat generated during the operation of power steering systems, ensuring efficient performance and longevity of steering components. As vehicles become more technologically advanced and power steering systems evolve, the demand for reliable and efficient cooling solutions continues to grow, driving the expansion of the automotive power steering cooler market.

The global automotive power steering cooler market is the increasing demand for enhanced vehicle performance and reliability. Power steering systems are integral to modern vehicles, providing drivers with effortless steering control and maneuverability. However, prolonged use and high operating temperatures can lead to heat buildup, affecting the performance and lifespan of steering components. Automotive power steering coolers help mitigate this issue by dissipating heat and maintaining optimal operating temperatures, thereby improving overall system efficiency and reliability.

Stringent regulations and standards pertaining to vehicle emissions and fuel efficiency are driving the adoption of more efficient and eco-friendly cooling solutions in automobiles. Automotive manufacturers are under pressure to comply with these regulations while simultaneously meeting consumer demands for reliable and durable vehicles. As a result, the automotive industry is witnessing increased investments in research and development of innovative cooling technologies, including power steering coolers, to improve vehicle efficiency and reduce environmental impact. This trend is expected to fuel the growth of the global automotive power steering cooler market as automakers seek to integrate advanced cooling solutions into their vehicle designs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Mounting
    3. Market Snapshot, By Sales Channel
    4. Market Snapshot, By Region
  4. Global Automotive Power Steering Cooler Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Vehicle Sales
        2. Growing Demand for SUVs and Trucks
        3. Rising Adoption of Electric Power Steering (EPS)
        4. Stringent Emission Regulations
      2. Restraints
        1. Cost Constraints
        2. Complexity of Installation
        3. Limited Retrofitting Options
        4. Compatibility Issues
      3. Opportunities
        1. Growing Demand for Performance Vehicles
        2. Increasing Focus on Vehicle Safety
        3. Expansion of Electric and Hybrid Vehicle Market
        4. Emerging Markets Penetration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Power Steering Cooler Market, By Type, 2021 - 2031 (USD Million)
      1. Off-Road Vehicle
      2. Towing Vehicle or carrying heavy load
      3. Heavy Commercial Vehicle (HCV)
      4. Light Commercial Vehicle (LCV)
      5. Racing Cars
      6. Others
    2. Global Automotive Power Steering Cooler Market, By Mounting, 2021 - 2031 (USD Million)
      1. Tube Type Cooler
      2. Tank Type Cooler
      3. Others
    3. Global Automotive Power Steering Cooler Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    4. Global Automotive Power Steering Cooler Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ANAND Automotive
      2. Borg-Warner Automotive
      3. Eaton Corporation
      4. Motospecs
      5. Jayant Group
      6. Thermex Ltd
  7. Analyst Views
  8. Future Outlook of the Market