Market Size of Automotive Intercooler Industry
Study Period | 2019-2029 |
Market Size (2024) | USD 17.96 Billion |
Market Size (2029) | USD 24.31 Billion |
CAGR (2024 - 2029) | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Automotive Intercooler Market Analysis
The Automotive Intercooler Market size is estimated at USD 17.96 billion in 2024, and is expected to reach USD 24.31 billion by 2029, growing at a CAGR of less than 5% during the forecast period (2024-2029).
Over the long term, the demand for EVs is growing fast across the world, and it is expected to pose a challenge to the growth of automotive intercoolers. Countries are striving to satisfy the rising fuel demand by focusing on eco-friendly transportation. EVs reduce the dependence of consumers on gasoline/diesel-based automobiles, and thereby, the need for turbochargers/superchargers decreases. There, it affects the demand for intercoolers.
The growth of the market studied is directly impacted by the growth of the global automotive turbocharger market, as intercooler plays a vital role in cooling compressed air. Further, an increase in environmental concerns is fueling the demand for thermoelectric generators in vehicles, which is expected to help enhance engine efficiency. It, in turn, is projected to boost the automotive intercooler market across the globe. Various governments enacted stringent regulations about vehicle emissions, which is likely to propel the automotive intercooler market across the globe.
Europe and Asia-Pacific are projected to hold a significant share of the global automotive intercooler market due to an increase in the sale of vehicles across the region. The presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive intercooler market across the Asia-Pacific.
Automotive Intercooler Industry Segmentation
The intercoolers (Charge Air Coolers) are designed to reduce fuel consumption while increasing engine power and efficiency. The intercooler's task is to reduce the temperature of the inlet gas and thus densify the air required, which optimizes the combustion. The intercooler lowers the temperature of the inlet gas from 130° C to 60° C, removes the negative effects of the turbo, and increases the power by around 20%.
The automotive intercooler market is segmented by type, vehicle type, engine type, and geography. By type, the market is segmented into air-to-air intercoolers and air-to-water intercoolers. By vehicle type, the market is segmented into passenger cars and commercial vehicles.
By engine type, the market is segmented into supercharged engines and turbocharged engines. By Geography type, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market sizing and forecast are done on the basis of value (USD).
By Type | |
Air to Air Intercooler Market | |
Air to Water Intercooler Market |
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
By Engine Type | |
Supercharged Engine | |
Turbocharged Engine |
By Geography | |||||||
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Automotive Intercooler Market Size Summary
The automotive intercooler market is poised for growth, driven by the increasing demand for turbocharged engines, which offer a balance of power and fuel efficiency. This demand is closely linked to the expansion of the global automotive turbocharger market, as intercoolers play a crucial role in cooling the compressed air used in these systems. The market is also influenced by stringent environmental regulations aimed at reducing vehicle emissions, which encourage the adoption of turbocharged engines. As consumer preferences shift towards vehicles that offer better fuel economy without compromising performance, automakers are responding by integrating turbochargers and intercoolers across their model lineups. This trend is further supported by technological advancements, such as two-stage supercharging and E-Turbo systems, which enhance engine efficiency and performance.
Regionally, Europe and Asia-Pacific are expected to hold significant shares of the automotive intercooler market. The Asia-Pacific region, in particular, benefits from the presence of major automotive parts manufacturers in countries like China, India, and Japan, which are driving the market's growth. The increasing production of passenger cars and the introduction of new emission legislations in these regions are also contributing to the market's expansion. Additionally, the aftermarket for automotive intercoolers is growing, with companies offering direct replacements and custom solutions to meet diverse consumer needs. The market is characterized by the presence of key players, such as Bell Intercoolers, Mishimoto, and Garrett Motion Inc., who are actively launching new products to maintain their competitive edge.
Automotive Intercooler Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 The Growth of The Global Automotive Turbocharger Market
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1.2 Market Restraints
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1.2.1 Increasing Complexity of Modern Vehicles
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value - USD)
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2.1 By Type
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2.1.1 Air to Air Intercooler Market
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2.1.2 Air to Water Intercooler Market
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2.2 By Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicles
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2.3 By Engine Type
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2.3.1 Supercharged Engine
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2.3.2 Turbocharged Engine
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle-East and Africa
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Automotive Intercooler Market Size FAQs
How big is the Automotive Intercooler Market?
The Automotive Intercooler Market size is expected to reach USD 17.96 billion in 2024 and grow at a CAGR of 5% to reach USD 24.31 billion by 2029.
What is the current Automotive Intercooler Market size?
In 2024, the Automotive Intercooler Market size is expected to reach USD 17.96 billion.