North America Automotive Intercooler Market at a CAGR of 11.25% Rising Enterprise Efficiency and Dominated by Top Competitors (u2013 Bell Intercoolers, Csf Radiators, Honeywell, Kvr International, Jc Performance Parts) and Global Forecast to 2023

The North America automotive intercooler market is expected to record a CAGR 11.25% during the forecast period. US is a major hub for the automotive turbocharger and automotive intercoolers in the North America market. When the air is compressed by a turbo/supercharger, it gets very hot within a short span of time. The intercooler works to cool the air compressed by the turbo/supercharger, reducing the temperature and thereby, increasing the density of the air supplied to the engine. When the temperature climbs, the oxygen content drops drastically and intercooler, which cools the air, helps to provide denser, more oxygen rich air to the engine, allowing more fuel to be burned, thus, improving combustion and giving more power. It also increases reliability as it provides a more consistent temperature of intake air to the engine that allows the air fuel ratio of the engine to remain at a safe and steady level.

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Limits for emissions and fuel economy standards are increasingly becoming stringent. Consequently, the automotive sector’s need for environmental-friendly, efficient, safe, convenient, and performance-centric products is becoming steeper. However, the demand for EVs is growing at a fast pace across the world, and is expected to pose a challenge to the growth of automotive intercoolers. Countries are striving to suffice 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. This, in turn, affects the demand for intercoolers.

Key Developments in the Market

March 2018: Bugatti Unveils Bugatti Chiron Sport. This car has used lightweight wheels, a greater percentage of carbon fiber for the intercooler cover, windscreen wipers made of carbon fiber, lighter glass in the rear window and a lighter exhaust deflector
November 2017: The new model of Ford Mk2 Focus RS has bigger intercooler, freer-breathing intake and exhaust systems, and the obligatory remapping of fuelling and ignition completed the package

Major Players

u2013 BELL INTERCOOLERS, CSF RADIATORS, HONEYWELL, KVR INTERNATIONAL, JC PERFORMANCE PARTS, amongst others.

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Market Dynamics

The growth of the intercoolers market is directly related to the automotive turbocharger market. The growth of the market is driven from the increasing usage and development of the downsized engines. Stringency in fuel economy standards, such as enactment of CAFu00c9 standard to reach the fuel economy target of 35.5 mpg by 2016, has been one of the direct drivers of intercoolers in the region. Growing demand for high-performance turbochargers (used primarily in racing vehicles) is expected to drive the demand for intercoolers, as well.

North America has been home to many racing events and racing teams, who are involved in making customized systems to be integrated in the vehicle. These systems comprehensively involve the usage of a turbocharging and supercharging system and have intercoolers tailored to meet the needs suited. However, the demand for EVs is growing at a fast pace across the region, coupled by increased provisioning of subsidies by the government. The growth of EV is expected to pose a challenge in the growth of automotive intercooler market. US has been striving to suffice the rising fuel demand by focusing on eco-friendly transportation over the last few years.

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