United Kingdom Automotive Cooling System Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 6.3% from 2023 to 2033
• The UK Automotive Cooling System Market Size is Expected to Hold a Significant Share by 2033

The U.K. Automotive Cooling System Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 6.3% from 2023 to 2033.

Market Overview

An essential component of a car is the engine cooling system, which uses liquid or air to keep the engine's temperature stable and eliminate excess heat. Vehicles with an effective cooling system have higher engine performance, which improves power and mileage. The UK market for car engine cooling systems, which uses increasingly sophisticated components, could grow throughout the projection period due to rising demand for hybrid and electric vehicles. Due to government incentives, the UK market for motor cooling systems has expanded due to increased research and development activities in this area. Additionally, the UK possesses a sizable automotive manufacturing industry that produces a variety of automobiles, including specialist vehicles, commercial vehicles, and passenger cars. These cars' engine cooling systems are crucial parts that guarantee optimum engine performance and dependability. As a result, the nation's car production levels are directly related to the demand for engine cooling systems. The market for hybrid and electric cars is expanding in the UK as part of initiatives to fight climate change and lower carbon emissions.

Report Coverage

This research report categorizes the market for the UK automotive cooling system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom automotive cooling system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. automotive cooling system market.

Driving Factors

The market for electric and hybrid cars is expanding in the UK as part of initiatives to fight climate change and lower carbon emissions. In order to preserve battery performance and increase vehicle range, electric and hybrid car engine cooling systems need creative thermal management methods. In electric cars, the cooling loop uses radiators to dissipate heat into the surrounding air. Additionally, the number of new electric vehicles registered in the UK increased from 15k in 2018 to over 260k in 2022, demonstrating the market's rapid expansion. In the UK, the growing popularity of electric cars is fueling the need for sophisticated automotive cooling systems. Furthermore, the UK has created stringent environmental laws to lower car emissions and increase fuel economy. The sale of new gasoline and diesel vehicles will be prohibited by 2030, according to plans released by the UK government, which will hasten the adoption of electric vehicles (EVs).

Restraining Factors

The high cost and limited supply of raw materials are two of the main factors limiting the UK automotive coolant industry. Ethylene or propylene glycol makes up the majority of coolants, coupled with a number of performance-enhancing additives. The total cost of producing coolants can be greatly impacted by changes in the price of these raw materials, which are influenced by variables including the price of crude oil, supply chain interruptions, and geopolitical unrest.

Market Segmentation

The UK automotive cooling system market share is classified into type and application.

• The liquid cooled engine segment is expected to hold the greatest market share through the forecast period.    

The U.K. automotive cooling system market is segmented by type into air-cooled engine and liquid cooled engine. Among these, the liquid cooled engine segment is expected to hold the greatest market share through the forecast period. Liquid coolants are used in automotive internal combustion engines to control heat. The fluid prevents the cooling mechanism from deteriorating by eliminating excess heat from the engine and minimizing long-term damage to the motor.

• The passenger vehicle segment is anticipated to hold a significant share of the United Kingdom automotive cooling system market during the forecast period.

Based on the application, the UK automotive cooling system market is divided into passenger vehicle and commercial vehicle. Among these, the passenger vehicle segment is anticipated to hold a significant share of the United Kingdom automotive cooling system market during the forecast period. The rising demand for passenger automobiles is predicted to fuel segment growth during the forecast period. Additionally, the passenger car market is booming due to the strong demand for crossovers, SUVs, and sedans, which would probably help the automotive coolant sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. automotive cooling system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Valeo Service
• Coolex
• Vistech Cooling Systems
• Bosch
• Denso
• Mahle
• Johnson Controls
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Automotive Cooling System Market based on the below-mentioned segments:

United Kingdom Automotive Cooling System Market, By Type

• Air-Cooled Engine
• Liquid Cooled Engine

United Kingdom Automotive Cooling System Market, By Application

• Passenger Vehicle
• Commercial Vehicle