The latest report by IMARC Group, titled, “Automotive Intercooler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive intercooler industry report. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive intercooler market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.85% during 2023-2028.
Automotive Intercooler Market Overview:
An automotive intercooler is a mechanical device that serves the purpose of cooling the air compressed by either a Supercharger or a Turbocharger in an internal combustion engine. Constructed typically from aluminum or stainless steel, it features a series of tubes or plates to dissipate heat. The primary characteristics of an automotive intercooler include its ability to reduce air temperature, thereby increasing air density.
The working mechanism involves passing the compressed air through the intercooler before it enters the engine, thus optimizing combustion efficiency. The key advantages of employing an intercooler include improved engine performance, increased fuel efficiency, and the enhancement of the vehicle’s lifespan.
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Market Trends:
The global market is primarily driven by the increasing adoption of turbocharged engines in modern vehicles. In line with this, the growing demand for high-performance cars is providing an impetus to the market. Moreover, the focus on fuel efficiency and emission reduction is acting as a significant growth-inducing factor for the market. In addition to this, advancements in intercooler technologies, such as water-to-air and air-to-air systems, are resulting in higher consumer investment.
Besides this, the rising popularity of electric and hybrid vehicles, which also utilize intercoolers, is creating lucrative opportunities in the market. Also, the effective marketing strategies by manufacturers are impacting the market positively. Some of the other factors contributing to the market include the development of automotive infrastructure, consumer preference for energy-efficient solutions, the increase in long-distance travel, and robust research and development activities.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being:
- Bell Intercoolers
- Forge Motorsport Inc.
- Garrett Motion Inc.
- Kale Oto Radyator
- Mishimoto
- Modine Manufacturing
- Pro-Alloy (Holdings) Limited
- PWR Holdings Limited and Treadstone Performance Engineer.
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Key Market Segmentation:
Breakup by Type:
- Air to Air Intercooler
- Water to Air Intercooler
Breakup by Design Type:
- Front Mounted Intercooler
- Top Mounted Intercooler
- Side Mounted Intercooler
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
Breakup by Engine Type:
- Supercharged Engine
- Turbocharged Engine
Breakup by Distribution:
- OEMs
- Aftermarket
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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