Global Automotive Intercooler Market is driven advancing technology in the forecast period, 2023-2027.
According to TechSci Research report, “Automotive Intercooler Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”. The global automotive intercooler market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like surging demand for the advanced car parts. Increasing concerns toward environment and surging demand for the ecofriendly and fuel efficient vehicles are further driving the growth of the global automotive intercooler market in the upcoming five years. Surging demand for the automotive turbocharger is also supporting the growth of the global automotive intercooler market in the next five years. High cases of vehicle combustion due to over heating of engines, high consumption of fuel in case the engine achieves high temperature in short duration of time further facilitates the growth of the global automotive intercooler market in the next five years. High cost of fuel, environmental harms due to excessive burning of fuel, exhausting natural fuel resources are also aiding to the growth of the market. Moreover, rapidly increasing production, sales of automobiles and overall expansion of automotive industry aids to the growth of the global automotive intercooler market in the future five years.
Governments are trying to invest in the industry for the evolution of ecofriendly automotive. Promotions of electric vehicles, battery powered vehicles are the steps toward same. Higher research and development of innovative products would also substantiate the growth of the global automotive intercooler market in the forecast years through 2027.
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The global automotive intercooler market segmentation is based on vehicle type, type, engine type, design type, demand category, regional distribution, and competitive landscape. Based on vehicle type, the market is further segmented into two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial vehicle, and OTR. Passenger cars are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing production and sales of the same in the Asia Pacific regions. Growing instances of engine heating due to high temperature countries and higher cost of fuels all around the world is further driving the growth of the global automotive intercooler market in the next five years. Light commercial vehicle is also anticipated to hold significant shares of the market on account of increasing demand for freight movement and growing transportation industry.
Engine type market segment is distinguished between supercharged engine and turbocharged engine. Turbocharged engines are anticipated to dominate the market segment with largest revenue shares of the market in the next five years due to surging demands for coolant for reducing the temperature of compressed air. Increasing usage and development of the downsized engines further substantiate the growth of the segment in the upcoming five years along with the market growth.
Based on design type, the market is further bifurcated into front mounted, top mounted, and side mounted. Front mounted designs may lead the market depending on the automotive requirements and its designing. Higher demand for front engines are driving the growth of the segment along with the market growth in the future five years.
Some of the market players, dominating the global automotive intercooler market are :
- Valeo Group
- MAHLE GmbH
- Treadstone Performance Engineering Inc.
- Bell Intercoolers
- Garrett Motion Inc.
- PWR Holdings Limited
- Garrett Motion Inc. (Honeywell)
- Kale Oto Radyator
- Pro Alloy Motorsport Ltd
- Modine Manufacturing Company
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“Asia Pacific region is anticipated to lead the global automotive intercooler market in the upcoming five years as it has been leading in the historical years due to highest sales and demand of the automobiles in the region. Moreover, larger economies like India, China are also among the largest producers of automobiles. Increasing technological advancement in the automobiles, dedicated research and product development sector in the industry in these countries along with the presence of global giants like Toyota Motors, Hyundai Motors, etc. in the region is driving the growth of the global automotive intercooler market in the future five years. Large population of the countries in the region, higher capacities of producing technologically advanced automobiles, and higher export capacities of the countries like Japan, China, further facilitate the market growth. New market players may form alliances with the global automotive manufacturers to supply the products for assembling and invest in further research to establish their brands in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Automotive Intercooler Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, OTR), By Type (Air to Air Intercooler, Water to Air Intercooler), By Engine Type (Supercharged Engine, Turbocharged Engine), By Design Type (Front Mounted, Top Mounted, Side Mounted), By Demand Category (OEM vs Replacement), By Region”, has evaluated the future growth potential of global automotive intercooler and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global automotive intercooler market.
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