Power steering cooler kits market to reach $1.73 billion by 2030

The power steering cooler kits market is projected to rise from $1.15 billion in 2025 to $1.25 billion in 2026, with North America leading today and Asia-Pacific expected to grow fastest. The market’s expansion is tied to higher vehicle production, more automotive investment, and demand for better thermal management in towing, performance and electric-assisted vehicles.

Why it matters: - Power steering cooler kits help prevent overheating in steering systems, which improves reliability under heavy towing, commercial use and high-performance driving. - The market’s growth reflects broader pressure on automakers and aftermarket suppliers to manage heat, durability and efficiency as vehicles become more advanced. - The segment is projected to reach $1.73 billion by 2030, signaling a sustained demand tailwind.

What happened: - The Business Research Company said the power steering cooler kits market is set to increase from $1.15 billion in 2025 to $1.25 billion in 2026. - The forecast implies 8.3% annual growth in 2026. - The company also forecast the market will reach $1.73 billion by 2030, at a 8.5% CAGR. - North America held the largest market share in 2025. - Asia-Pacific is expected to be the fastest-growing region during the forecast period. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa. - Download a free sample of the report. - View the full market report.

The details: - Power steering cooler kits lower the temperature of fluid in the power steering system. - The kits move fluid through a compact heat exchanger to reduce overheating and wear on steering components. - The products are used to support steering reliability in demanding conditions. - Market growth is linked to higher vehicle ownership, expansion of the automotive aftermarket, more towing and heavy-duty vehicles, performance and motorsport modifications, early thermal management integration, and the need to reduce steering-system wear and failure under heavy load. - The report flags wider use of advanced thermal management in performance vehicles as a key trend. - Other trends include aftermarket cooling upgrades, compact heat exchangers in modern vehicle designs, heavy-duty cooling systems for towing and commercial vehicles, and aluminum-based cooling kits aimed at fuel efficiency. - Rising vehicle production is a major driver of demand. - The Society of Motor Manufacturers and Traders reported in January 2024 that the UK produced about 1,025,474 vehicles in 2023, up 17% from 2022. - Automotive investment is also accelerating demand. - The Verband der Automobilindustrie reported in May 2025 that automotive research and development spending rose 11% in 2023 to $63.1 billion (€58.4 billion). - The report links that spending to innovation and production capacity for electric and advanced vehicles.

Between the lines: - The forecast points to a niche but durable aftermarket category benefiting from the same forces reshaping the broader auto industry. - Electrification matters because it increases the need for thermal management, even in parts of the vehicle that are not usually top of mind. - The emphasis on lightweight and efficient parts suggests suppliers are competing on performance and efficiency, not just durability.

What’s next: - Demand is likely to keep rising as vehicle electrification, customization and heavy-duty use cases expand. - Manufacturers are expected to lean further into compact, lightweight and aluminum-based designs. - Growth should remain strongest where vehicle ownership, aftermarket customization and advanced vehicle production are expanding the fastest.

The bottom line: - Power steering cooler kits are moving from a maintenance accessory toward a growth market tied to vehicle complexity, durability demands and thermal management needs.