Chan Ye Xin Xi Wang·2025-06-06 01:13Core Insights - The automotive radiator market is experiencing growth driven by the rapid expansion of the new energy vehicle (NEV) industry, with a projected market size of approximately 24.93 billion yuan in 2024, reflecting a year-on-year increase of 7.41% [1][13] - The industry is expected to surpass 30 billion yuan in market space over the next three years, propelled by advancements in intelligent temperature control and energy-efficient systems [1][13] Industry Overview - Automotive radiators are essential components of vehicle cooling systems, primarily categorized into aluminum and copper types, with aluminum radiators being widely used in passenger vehicles and copper radiators in large commercial vehicles [2][13] - The working principle involves circulating coolant between the engine and radiator, utilizing heat exchange to prevent engine overheating [2][3] Industry Development History - The Chinese automotive radiator industry has evolved from reliance on imports to self-innovation, transitioning from low-end manufacturing to high-end intelligent solutions [7] - The industry has seen significant growth since the 2000s, with a shift towards electric and intelligent systems driven by NEV policies [7] Industry Chain - The industry chain includes upstream raw materials (aluminum, copper, stainless steel), midstream manufacturing, and downstream applications, with stable growth in demand from the automotive market, particularly in NEVs [9][13] Current Market Analysis - The NEV sector is a key driver for the radiator market, with significant growth in production and sales, particularly in the first four months of 2025, where NEV production and sales increased by 48.3% and 46.2% respectively [11][13] Competitive Landscape - The market is characterized by a multi-tiered structure, with international giants holding about 30% of the high-end market, while domestic leaders control 45% of the mid-tier market [15] - The focus is shifting towards new energy thermal management systems, with companies that possess core technologies and scale advantages expected to gain more market share [15][17] Key Companies - Silver Wheel Co., Ltd. is a leading player in thermal management, reporting a revenue of 3.416 billion yuan in Q1 2025, a year-on-year increase of 15.05% [17] - Fawer Automotive Parts Co., Ltd. has developed a comprehensive product matrix covering various vehicle types, focusing on innovative thermal management solutions [19] Future Trends - The industry is undergoing a structural transformation towards intelligent and integrated systems, with expectations of a market size exceeding 30 billion yuan by 2027 [21] - The push for green manufacturing and global expansion is reshaping the industry ecosystem, with a projected export scale of 2.5 billion USD by 2025 [22] - Regional clusters and policy guidance are leading to differentiated competition, with a focus on technological autonomy and sustainable production practices [23]