About Automotive Engine Oil Cooler
Engine oil cooler is a component of engine cooling system that is responsible for drawing out unnecessary heat out of the engine which allows the engine to run efficiently. This helps in extending the life of both vehicle's engine and lubricant oil. Engine oil cooler is either located between the oil filter and the engine block or on the back side of the radiator, which is a principal heat exchanger. It also maintains consistent oil supply at an optimal temperature across the engine block, thus improving the engine's overall life cycle.
Technavio’s analysts forecast the global automotive engine oil cooler market to grow at a CAGR of 10.74% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive engine oil cooler market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Engine Oil Cooler Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive engine oil cooler market: Dana, Hayden Automotive, Modine Manufacturing, and MAHLE.
Other Prominent Vendors in the market are: PWR Holdings, Setrab, TitanX Engine Cooling, and FLUIDYNE.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of performance engine oil coolers in drag races. The racing industry is experiencing a revival in the form of better designs and configurations in internal combustion engines. Drag racers look for ways to optimize their cars, from the engines to the aerodynamics to the chassis, drivetrain, and others. Racers often overlook engine oil cooler which is one of the most important components in a race car.”
According to the report, one driver in the market is increasing demand for fuel efficient vehicles. An efficient engine oil cooling system optimizes the engine's output and ensures better fuel efficiency. Heat exchangers used for cooling oil ensures balanced thermal cycle for lubricating oils in the engine. This helps the lubricant to heat up quickly, and therefore there is a significant reduction in fuel consumption at cold start. At high oil temperatures, engine oil cooler prevents overheating and premature aging of the engine oil, which improves the efficiency of the engine and hence the fuel economy of the vehicle is increased.
Further, the report states that one challenge in the market is high replacement and repair cost of an engine oil cooler. With innovations in technology, the complexity and cost of manufacturing and designing an engine oil cooler is also increasing. OEMs face difficulties in maintaining their profitability by installing engine oil cooler as a standard fitment in all vehicle as the overall cost of installing this system is high. Hence, mostly engine oil coolers are installed in the aftermarket for enhancing engine's capabilities. Therefore, engine oil coolers are mostly installed in expensive high-performance vehicles. Also, replacement of an engine oil cooler system is associated with the high component and labor costs.
Dana, Hayden Automotive, Modine Manufacturing, and MAHLE, PWR Holdings, Setrab, TitanX Engine Cooling, and FLUIDYNE.
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