Automotive Charge Air Cooler Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The automotive charge air cooler market size is projected to reach US$ 1,84,271.41 million by 2031 from US$ 1,18,278.92 million in 2023. The market is expected to register a CAGR of 5.7% during 2023–2031. The increasing sale and production of passenger cars driving the trend in the market.

Automotive Charge Air Cooler Market Analysis

The automotive industry is driven directly or indirectly by vigorous government measures to support the sector, such as those undertaken by major North American countries such as the United States through forums such as the Vehicle Association of America and the Electric Car Association, among others. North America is a technologically advanced region. Charge air coolers have witnessed high growth in this region. These machineries, when integrated with vehicles, provide efficiencies to the end-users. More deployments call for more competition in the region along with the growth of the entire market leading to market development and innovations.

Automotive Charge Air Cooler Market Overview

Increasing demand and turbochargers in the automotive industry are expected to drive the market. Using a turbocharger reduces the cylinder's displacement and the amount of fuel required for the same output. This factor is expected to create huge growth opportunities for turbochargers during the forecast period. Demand for turbochargers is expected to be very high in the Asia Pacific region. Therefore, these products are increasingly being adopted in passenger cars, driving the demand for automotive intercoolers and further facilitating the implementation of high-power supercharged engines. It offers many possibilities to the market.

Companies in the automotive intercooler market focus on implementing high-performance engines to improve fuel economy. With the help of a high-performance engine, the oil in the engine is significantly cooled to prevent overheating. For example, in April 2021, Tata Autocomp developed a new generation of iSMART that is lightweight and has high cooling efficiency. In addition, the company has developed a new generation of slimline condensers, low-pressure loss charge air coolers, efficient fan motor assemblies, and compact collector-less EGR coolers.

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Automotive Charge Air Cooler Market: Strategic Insights

Automotive Charge Air Cooler Market

• 
  CAGR (2023 - 2031)

  5.7%
• Market Size 2023
  US$ 1,18,278.92 Million
• Market Size 2031
  US$ 1,84,271.41 Million

Market Dynamics

GROWTH DRIVERS

• Rising government support to promote the growth of the automotive industry drives the market growth

FUTURE TRENDS

• Increased Adoption of the Fuel-Efficient Engines is Expected to Create Ample Opportunity for the Market Growth

OPPORTUNITIES

• The increasing sale and production of passenger cars are driving the trend in the market

Key Players

• Dana Incorporated
• Delphi Technologies BorgWarner Inc
• DENSO Corporation
• Hanon Systems
• Magneti Marelli S p A
• MAHLE GmbH
• Modine Manufacturing Company
• T RAD Co Ltd
• Valeo
• Vestas Aircoil

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Air-Cooled Charge Air Cooler and Liquid-Cooled Charge Air Cooler

Fuel Type

• Gasoline and Diesel

Core Type

• Tube
• Fin
• Bar
• Plate

Vehicle Type

• Passenger Cars
• LCV
• Trucks
• Buses

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Automotive Charge Air Cooler Market Drivers and Opportunities

Rising Government Support to Promote the Growth of Automotive Industry

Governments in the Asia Pacific region is accelerating the implementation of their strategic plan for the development of their automobile manufacturing industry. For instance, through Made in China by 2025, the government of China is supporting local companies to compete with foreign automakers in the domestic as well as global markets. Furthermore, Indian government planned initiative program the Automotive Mission Plan 2016-26. This program helped to increase the automotive manufacturing industry. Thus, such government initiatives and support in the  automotive sector driving the growth of the automotive charge air coolers market.

Increased Adoption of the Fuel-Efficient Engines is Expected to Create Ample Opportunity for the Market Growth

The constant demand for reducing fuel consumption and improving vehicle efficiency is driving the market growth. In particular, automotive charge air coolers help to improve vehicle efficiency. It reduces the size of high-efficiency motors, which has led to a continuous increase in the specific component loads. With the replacement of large displacement engines with small, turbocharged engines, the requirement for thermal management has also evolved. Thus, an increasingly important position in the development process of high-performance engines has fuelled the demand for charge air coolers as well.

The constant demand for reducing fuel consumption and improving vehicle efficiency is driving the market growth. In particular, automotive charge air coolers help to improve vehicle efficiency. It reduces the size of high-efficiency motors to enhance vehicle efficiency, driving market growth. Increased automotive production and sales across the globe are driving the market growth. Also, rising demand for fuel-efficient vehicles with enhanced capabilities of the vehicles driving the automotive charge air cooler market growth during the forecast period.

Automotive Charge Air Cooler Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive charge air cooler market analysis are type, fuel type, core type, vehicle type, and geography.

• Based on type, the market is divided into air-cooled charge air coolers and liquid-cooled charge air coolers. Among these, air-cooled charge air cooler has a larger share in 2023, owing to increasing demand in passenger cars with turbocharged features among consumers.
• Depending upon the fuel type, the market is divided into gasoline and diesel. Among these, gasoline has a larger share in 2023, owing to increased demand for cars running on petrol and other gasoline fuels.
• Based on the core type, the market is divided into tube, fin, bar, and plate. Among these, the fin has the largest share owing to higher heat-carrying and heat-dissipation capacities.
• Depending upon the vehicle type, the market is divided into passenger cars, LCVs, trucks, and buses. Among these, passenger cars are expected to have the largest share in 2023. This is owing to increased car sales with turbocharger facilities.

Automotive Charge Air Cooler Market Share Analysis by Geography

The geographic scope of the automotive charge air cooler market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is considered to be the fastest growing economic region, with China and India as the world's first and third fastest growing economies. Japan is the most technologically advanced country in the region, giving an opportunity for the growth of the charge air coolers market. Emerging countries in Southeast Asia, such as Philippines, Malaysia, Vietnam, and Indonesia, are showing significant growth owing to surge in the passenger car sales. Also, several key manufacturers are expanding production capacities in order to meet growing demand for the passenger cars with turbo-chargers. Thus, the demand for charge air coolers is anticipated to increase.

Automotive Charge Air Cooler Market Report Scope

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Automotive Charge Air Cooler Market News and Recent Developments

The automotive charge air cooler market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive charge air cooler market are listed below:

• Conflux Technology Heat transfer product manufacturer has launched its first pre-designed 3D printed water charge air cooler product. Conflux Technology developed a heat exchanger Water Charge Air Cooler, which was designed to cool the air that enters the turbos used to boost some cars’ engines. Utilizing 3D printing, it’s said that the firm is able to not just optimize the device’s weight and performance but to scale its dimensions in a way that allows it to slot into the existing designs of high-end automotive manufacturers. (Source: PR News, June 2022)

Automotive Charge Air Cooler Market Report Coverage and Deliverables

The “Automotive Charge Air Cooler Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive charge air cooler market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive charge air cooler market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Automotive charge air cooler market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive charge air cooler market
• Detailed company profiles