Automotive Intercooler Market To Grow With an Impressive CAGR During The Forecast Period
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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