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#Power Steering Cooler Kits Market Size And Revenue Forecast Through 2030
The power steering cooler kits market size has demonstrated substantial growth over recent years. It is anticipated to expand from $1.15 billion in 2025 to $1.25 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.3%. The expansion observed during prior periods can be attributed to factors such as an increase in vehicle ownership and the growth of the automotive aftermarket, rising demand for towing and heavy-load vehicle usage, an increase in performance and motorsport vehicle modifications, the early adoption of basic automotive thermal management systems, and growing wear and failure issues in steering systems under high load conditions.
The power steering cooler kits market is anticipated to show significant expansion in the coming years, with its size projected to reach $1.73 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.5%. This growth throughout the forecast period stems from factors such as increasing demand for high-performance and electric-assisted steering systems, the need for enhanced thermal management due to greater vehicle electrification, the expanding global automotive aftermarket for customization, more stringent expectations for vehicle reliability and durability, and the rising adoption of lightweight and high-efficiency automotive components. Prominent trends over the forecast period involve the increasing integration of high-efficiency thermal management systems in performance vehicles, a growing need for upgraded aftermarket power steering cooling solutions, the rising incorporation of compact heat exchangers into modern vehicle architectures, the expansion of heavy-duty cooling systems for towing and commercial applications, and a developing preference for aluminum-based lightweight cooling kits to boost fuel efficiency.
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Power Steering Cooler Kits Market Industry Drivers: What Is Driving Revenue Growth?
The rising production of vehicles is expected to propel the growth of the power steering cooler kits market moving forward. Vehicle production encompasses the large-scale manufacturing and assembly of motor vehicles from raw materials and components within automotive plants. This increase in vehicle output is due to urbanization, where a growing number of people relocating to cities creates a higher demand for both personal and commercial transportation, prompting manufacturers to produce more vehicles to meet this expanding need. Power steering cooler kits contribute to vehicle production by enhancing the reliability and heat management of power steering systems, allowing manufacturers to build vehicles with greater durability, consistent performance, and a reduced risk of steering system failure. For instance, in January 2024, data from the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, showed that total vehicle production in the UK (cars + commercial vehicles) reached approximately 1,025,474 units in 2023, marking a 17% increase from 2022. Consequently, the increasing volume of vehicle production is a primary driver for the expansion of the power steering cooler kits market. The increasing financial investments in the automotive industry are anticipated to fuel the growth of the power steering cooler kits market in the future. Investments in the automotive sector are on the rise because of the growing demand for electric and advanced vehicles, which necessitates ongoing innovation and the expansion of production capabilities. These investments support power steering cooler kits by stimulating vehicle manufacturing growth and enabling the development of sophisticated systems that require efficient heat dissipation for dependable steering performance. For example, in May 2025, according to the Verband der Automobilindustrie, a Germany-based automotive industry association, research and development investments by German automotive companies saw an 11% year-on-year increase in 2023, reaching $63.1 billion (€58.4 billion). Therefore, the escalating investments in the automotive industry are a significant factor driving the growth of the power steering cooler kits market.
Power Steering Cooler Kits Market Segments: Where Are The Largest Growth Opportunities?
The power steering cooler kits market covered in this report is segmented –
1) By Product Type: Tube And Fin Cooler Kits, Plate And Fin Cooler Kits, Stacked Plate Cooler Kits, Other Product Types
2) By Material: Aluminum, Copper, Other Materials
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Other Vehicle Types
4) By Sales Channel: Original Equipment Manufacturers, Aftermarket
5) By End User: Do It Yourself Automotive Enthusiasts, Professional Installation Shops, Fleet Maintenance Operators, Racing Teams, Off-Road Vehicle Builders
Subsegments:
1) By Tube And Fin Cooler Kits: Single Pass Tube And Fin Coolers, Multi Pass Tube And Fin Coolers, Heavy Duty Tube And Fin Coolers, Compact Tube And Fin Coolers
2) By Plate And Fin Cooler Kits: Standard Plate And Fin Coolers, High Efficiency Plate And Fin Coolers, Compact Plate And Fin Coolers, Heavy Duty Plate And Fin Coolers
3) By Stacked Plate Cooler Kits: Standard Stacked Plate Coolers, High Performance Stacked Plate Coolers, Heavy Duty Stacked Plate Coolers, Compact Stacked Plate Coolers
4) By Other Product Types: Hybrid Design Power Steering Coolers, Custom Built Power Steering Coolers, Modular Power Steering Cooling Systems, Advanced Material Based Power Steering Coolers
Power Steering Cooler Kits Market Major Participants And Competitive Dynamics
Major companies operating in the power steering cooler kits market are Modine Manufacturing Company, Dorman Products Inc., Mahle GmbH, Behr Hella Service GmbH, PWR Advanced Cooling Technology Pty Ltd., SPAL Automotive Srl, Mishimoto Automotive LLC, Griffin Thermal Products, Hayden Automotive LLC, AFCO Performance Group, Canton Racing Products Inc., Improved Racing Products LLC, Flex-a-lite, Radium Engineering, Saaswad Heat Transfer and Engineering Pvt. Ltd., Narain Cooling Technologies, United Cooling Systems Pvt. Ltd., The Ark Engineering, Derale Performance Products Inc., United Heat Exchangers
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Power Steering Cooler Kits Market Geographic Analysis: Where Is Demand Growing The Fastest?
North America was the largest region in the power steering cooler kits market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power steering cooler kits market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
