The power steering cooler kits market size has grown strongly in recent years. It will grow from $1.15 billion in 2025 to $1.25 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rise in vehicle ownership and automotive aftermarket expansion, increasing demand for towing and heavy-load vehicle usage, growth in performance and motorsport vehicle modifications, early adoption of basic automotive thermal management systems, increasing wear and failure issues in steering systems under high load conditions.
The power steering cooler kits market size is expected to see strong growth in the next few years. It will grow to $1.73 billion by 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rising demand for high-performance and electric-assisted steering systems, increasing vehicle electrification requiring improved thermal management, growing expansion of global automotive aftermarket customization, stricter vehicle reliability and durability expectations, rising adoption of lightweight and high-efficiency automotive components. Major trends in the forecast period include increasing adoption of high-efficiency thermal management systems in performance vehicles, growing demand for upgraded aftermarket power steering cooling solutions, rising integration of compact heat exchangers in modern vehicle architectures, expansion of heavy-duty cooling systems for towing and commercial applications, increasing preference for aluminum-based lightweight cooling kits to improve fuel efficiency.
The rising vehicle production is expected to propel the growth of the power steering cooler kits market going forward. Vehicle production is the large-scale manufacturing and assembly of motor vehicles from raw materials and components in automotive plants. Vehicle production is increasing due to urbanization, as more people moving to cities creates higher demand for personal and commercial transportation, leading manufacturers to produce more vehicles to meet this need. Power steering cooler kits support vehicle production by improving power steering system reliability and heat management, allowing manufacturers to build vehicles with better durability, performance consistency, and reduced risk of steering system failure. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, in 2023, total vehicle production in the UK (cars + commercial vehicles) reached about 1,025,474 units, up 17% from 2022. Therefore, rising vehicle production is driving the growth of the power steering cooler kits market.
The increasing investments in the automotive industry are expected to propel the growth of the power steering cooler kits market going forward. Investments in the automotive industry are rising due to growing demand for electric and advanced vehicles, which necessitates continuous innovation and expansion of production capabilities. These investments support the power steering cooler kits by driving vehicle manufacturing growth and enabling the development of advanced systems that require efficient heat dissipation for reliable steering performance. For instance, in May 2025, according to the Verband der Automobilindustrie, a Germany-based automotive industry association, research and development investments by German automotive companies increased by 11% year-on-year in 2023, reaching $63.1 billion (€58.4 billion). Therefore, the increasing investments in the automotive industry are driving the growth of the power steering cooler kits market.
In October 2024, Standard Motor Products Inc. (SMP), a US-based manufacturing company, acquired Nissens Automotive for an undisclosed amount. Through this acquisition, SMP aims to significantly expand its global footprint and product portfolio within the thermal management category, leveraging Nissens' advanced engineering capabilities in cooling systems to better serve the aftermarket and original equipment segments. Nissens Automotive is a Denmark-based manufacturing company that offers power steering cooler kits.
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.
North America was the dominating region in the power steering cooler kits market in 2025. Asia-Pacific is expected to be the rapidly expanding region during 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. The countries covered in the power steering cooler kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power steering cooler kits market consists of sales of remote mount power steering cooler kits, air-to-oil power steering cooler systems, and electric fan-assisted cooler kits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The power steering cooler kits market size is expected to see strong growth in the next few years. It will grow to $1.73 billion by 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rising demand for high-performance and electric-assisted steering systems, increasing vehicle electrification requiring improved thermal management, growing expansion of global automotive aftermarket customization, stricter vehicle reliability and durability expectations, rising adoption of lightweight and high-efficiency automotive components. Major trends in the forecast period include increasing adoption of high-efficiency thermal management systems in performance vehicles, growing demand for upgraded aftermarket power steering cooling solutions, rising integration of compact heat exchangers in modern vehicle architectures, expansion of heavy-duty cooling systems for towing and commercial applications, increasing preference for aluminum-based lightweight cooling kits to improve fuel efficiency.
The rising vehicle production is expected to propel the growth of the power steering cooler kits market going forward. Vehicle production is the large-scale manufacturing and assembly of motor vehicles from raw materials and components in automotive plants. Vehicle production is increasing due to urbanization, as more people moving to cities creates higher demand for personal and commercial transportation, leading manufacturers to produce more vehicles to meet this need. Power steering cooler kits support vehicle production by improving power steering system reliability and heat management, allowing manufacturers to build vehicles with better durability, performance consistency, and reduced risk of steering system failure. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, in 2023, total vehicle production in the UK (cars + commercial vehicles) reached about 1,025,474 units, up 17% from 2022. Therefore, rising vehicle production is driving the growth of the power steering cooler kits market.
The increasing investments in the automotive industry are expected to propel the growth of the power steering cooler kits market going forward. Investments in the automotive industry are rising due to growing demand for electric and advanced vehicles, which necessitates continuous innovation and expansion of production capabilities. These investments support the power steering cooler kits by driving vehicle manufacturing growth and enabling the development of advanced systems that require efficient heat dissipation for reliable steering performance. For instance, in May 2025, according to the Verband der Automobilindustrie, a Germany-based automotive industry association, research and development investments by German automotive companies increased by 11% year-on-year in 2023, reaching $63.1 billion (€58.4 billion). Therefore, the increasing investments in the automotive industry are driving the growth of the power steering cooler kits market.
In October 2024, Standard Motor Products Inc. (SMP), a US-based manufacturing company, acquired Nissens Automotive for an undisclosed amount. Through this acquisition, SMP aims to significantly expand its global footprint and product portfolio within the thermal management category, leveraging Nissens' advanced engineering capabilities in cooling systems to better serve the aftermarket and original equipment segments. Nissens Automotive is a Denmark-based manufacturing company that offers power steering cooler kits.
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.
North America was the dominating region in the power steering cooler kits market in 2025. Asia-Pacific is expected to be the rapidly expanding region during 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. The countries covered in the power steering cooler kits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The power steering cooler kits market consists of sales of remote mount power steering cooler kits, air-to-oil power steering cooler systems, and electric fan-assisted cooler kits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Power Steering Cooler Kits Market Characteristics
3. Power Steering Cooler Kits Market Supply Chain Analysis
4. Global Power Steering Cooler Kits Market Trends and Strategies
5. Power Steering Cooler Kits Market Analysis of End Use Industries
7. Global Power Steering Cooler Kits Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Power Steering Cooler Kits Total Addressable Market (TAM) Analysis for the Market
9. Power Steering Cooler Kits Market Segmentation
10. Power Steering Cooler Kits Market Regional and Country Analysis
11. Asia-Pacific Power Steering Cooler Kits Market
12. China Power Steering Cooler Kits Market
13. India Power Steering Cooler Kits Market
14. Japan Power Steering Cooler Kits Market
15. Australia Power Steering Cooler Kits Market
16. Indonesia Power Steering Cooler Kits Market
17. South Korea Power Steering Cooler Kits Market
18. Taiwan Power Steering Cooler Kits Market
19. South East Asia Power Steering Cooler Kits Market
20. Western Europe Power Steering Cooler Kits Market
21. UK Power Steering Cooler Kits Market
22. Germany Power Steering Cooler Kits Market
23. France Power Steering Cooler Kits Market
24. Italy Power Steering Cooler Kits Market
25. Spain Power Steering Cooler Kits Market
26. Eastern Europe Power Steering Cooler Kits Market
27. Russia Power Steering Cooler Kits Market
28. North America Power Steering Cooler Kits Market
29. USA Power Steering Cooler Kits Market
30. Canada Power Steering Cooler Kits Market
31. South America Power Steering Cooler Kits Market
32. Brazil Power Steering Cooler Kits Market
33. Middle East Power Steering Cooler Kits Market
34. Africa Power Steering Cooler Kits Market
36. Power Steering Cooler Kits Market Competitive Landscape and Company Profiles
37. Power Steering Cooler Kits Market Other Major and Innovative Companies
41. Power Steering Cooler Kits Market High Potential Countries, Segments and Strategies
42. Appendix
Executive Summary
Power Steering Cooler Kits Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses power steering cooler kits market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for power steering cooler kits? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The power steering cooler kits market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Product Type: Tube And Fin Cooler Kits; Plate And Fin Cooler Kits; Stacked Plate Cooler Kits; Other Product Types2) 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 Coolers2) 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
Companies Mentioned: 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
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Power Steering Cooler Kits market report include:- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | July 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.25 Billion |
| Forecasted Market Value ( USD | $ 1.73 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
