In 2023, the sold production of radiators for tractors, motor cars, goods vehicles, crane lorries, and fire-fighting vehicles in the UK stood at approximately 151.8 million euros. The subsequent forecasts indicate a consistent year-on-year decline, dropping to 144.94 million euros in 2024 and steadily decreasing to 119.11 million euros by 2028. The annual percentage variation suggests a decline, with a Compound Annual Growth Rate (CAGR) reflecting a negative trend of around -4% over the five-year forecast period from 2024 to 2028.
Future trends to watch for include potential technological advancements in radiator efficiency and design, shifts in vehicle production, and the impact of environmental policies promoting electric vehicles, which might further reduce radiator demand in internal combustion engine vehicles.
