Automotive Intercooler Market Research Report: Information By Type (Air to air, Air to water), Engine Type (Supercharged Gasoline, Turbocharged Diesel, Conventional Diesel), Vehicle Type (Passenger, and Commercial), and regions– Forecast till 2030

Automotive Intercooler Market Scenario

Automotive Intercooler Market is expected to grow USD 16,290 million at a CAGR 5.01% during the forecast period. Intercooler is a mechanical device that is used to cool vehicle fluids, which includes liquid and gases. In an automobile it is used as air to air and air to water cooler for turbocharged and supercharged internal combustion engines. They are installed in vehicles to improve the volumetric efficiency by increasing the air intake density through cooling at constant pressure. Intercooler in a vehicle is used to improve the efficiency of the induction system by cooling down the heat created by supercharger or turbocharger. Intercooler removes the heat produced due to high temperature that is created by any gas when its pressure is raised. Turbochargers and superchargers are engineered in a way that its forces more air into the engine manifold and combustion chamber. The heat produced due to a supercharger is compensated by the intercooler to improve the efficiency of the vehicle. Intercoolers are generally of two types, air to air and air to water. Air to air intercooler is used to cool down the air with air. The exchange of heat occurs between air that have been charged through the charge pipes and the air that is flowing through the intercooler.  

The factors that are responsible for the growth of automotive intercooler market are growing demand in the automotive industry, advancement in technology, and heavy investment by automotive manufacturers. There has been an increase in the sales of passenger and commercial vehicles from 2015 to 2016. In 2015, the total vehicle sales was about 89.6 million units, while in 2016 it was 93.8 million units. This rise in the sales of vehicles will result in increased use of intercooler in the vehicles to improve the efficiency of the vehicle. The automotive manufacturers are making heavy investment into R&D to develop a technology that will improve the efficiency of the vehicle and reduce the environmental impact of the vehicle as well as they are focusing on investing in R&D to gain a competitive edge over peers. 

The automotive intercooler market is segmented based on type, engine type, and vehicle type. On the basis of type, the market is segmented into air to air and air to water. Air to liquid segment is expected to dominate the market during the forecast period due to ease of installation and providing high efficiency. Air to air intercoolers are the most common form of intercoolers due to the availability of limitless supply of cooling water. This is expected to expand at the highest CAGR because it requires lesser power and no liquid resulting, in no leakage. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car is expected to dominate the market during the forecast period due to the increase in sales of passenger car in emerging economies. The increased sales of passenger cars will result in high demand of intercooler in the vehicles.

Key Players

The key players in automotive intercooler market are Bell Intercoolers (U.S.), Forge Motorsport Inc (U.S.), KALE Oto Radyator (Turkey), Mishimoto (U.S.), PWR (Australia), Modine Manufacturing (U.S.), and Treadstone Performance Engineering (U.S.). Guangzhou Woshen Auto Radiator (China), JC Performance Parts (China), KVR International (U.S.), and Honeywell International Inc. (U.S.) are among others.

Automotive Intercooler Market, By Segmentation

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in the sales and production of passenger and commercial vehicles. In Asia Pacific, automotive manufacturers are investing heavily for the development of innovative product to compete in the market. In Asia Pacific, China is expected to dominate the market during the forecast period because Chinese automakers are developing new and trade-friendly policies that enable them to produce a larger number of vehicles. North America is expected to be the second largest market due to an increase in demand of new passenger and commercial vehicles. North America is a mature economy as far as investment in automotive industry is concerned. By 2030, the Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars. This increased investment will result in growing demand for intercoolers in vehicles. In North America, U.S. is expected to dominate the market due to the presence of major automobile companies. U.S. has been identified as a major contributor in the automotive industry. It is considered a mature economy but still the demand for passenger cars, LCV and HCV has increased substantially due to the rising migrant population. The demand for passenger cars, LCV, and HCV will increase the installation of intercooler in the vehicles.  Europe is expected to be the third largest market due to cut throat competition in the automotive industry. In Europe, Germany is expected to dominate the market during the forecast period.

The report for Global Automotive Intercooler Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.