Press release
Automotive Intercooler Market 2018 Growth, Trends, Size, Share Analysis To 2023 By Region, Key Players
Automotive Intercooler Industry Key Players Analyzed in Report Are:
Guangzhou Woshen Auto Radiator, JC Performance Parts, KVR International, Honeywell, Bell Intercoolers, Forge , KALE Oto Radyator, Mishimoto , PWR , Modine Manufacturing, Treadstone Performance Engineering.
Get Sample Copy Of “Automotive Intercooler Market Automotive Industry Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/2094
Automotive Intercooler Market Highlights:
Global market of Automotive intercooler market is estimated to grow at high billion value by the end of year 2022. Asia pacific is leading the market of automotive intercooler. Moreover, the market and trends shows that Heavy investments were made from North America and European companies in Asia-Pacific, especially in India and China due to market development initiatives taken by the government and abundant availability of low-cost labors. Whereas, increasing demand for electronic vehicle, and subsidies offered by government driving the market of automotive intercooling market. The global automotive intercooler is expected to grow at high CAGR between years 2016 to 2022.
The factors that are responsible for the growth of automotive intercooler market are growing demand in the automotive industry, advancement in technology, and heavy investment by automotive manufacturers. There has been an increase in the sales of passenger and commercial vehicles from 2015 to 2016. In 2015, the total vehicle sales was about 89.6 million units, while in 2016 it was 93.8 million units. This rise in the sales of vehicles will result in increased use of intercooler in the vehicles to improve the efficiency of the vehicle. The automotive manufacturers are making heavy investment into R&D to develop a technology that will improve the efficiency of the vehicle and reduce the environmental impact of the vehicle as well as they are focusing on investing in R&D to gain a competitive edge over peers.
Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in the sales and production of passenger and commercial vehicles. In Asia Pacific, automotive manufacturers are investing heavily for the development of innovative product to compete in the market. In Asia Pacific, China is expected to dominate the market during the forecast period because Chinese automakers are developing new and trade-friendly policies that enable them to produce a larger number of vehicles. North America is expected to be the second largest market due to an increase in demand of new passenger and commercial vehicles.
North America is a mature economy as far as investment in automotive industry is concerned. By 2023, the Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars. This increased investment will result in growing demand for intercoolers in vehicles. In North America, U.S. is expected to dominate the market due to the presence of major automobile companies. U.S. has been identified as a major contributor in the automotive industry. It is considered a mature economy but still the demand for passenger cars, LCV and HCV has increased substantially due to the rising migrant population. The demand for passenger cars, LCV, and HCV will increase the installation of intercooler in the vehicles. Europe is expected to be the third largest market due to cut throat competition in the automotive industry. In Europe, Germany is expected to dominate the market during the forecast period.
Industry Segmentation:
The automotive intercooler market is segmented based on type, engine type, and vehicle type. On the basis of type, the market is segmented into air to air and air to water. Air to liquid segment is expected to dominate the market during the forecast period due to ease of installation and providing high efficiency. Air to air intercoolers are the most common form of intercoolers due to the availability of limitless supply of cooling water. This is expected to expand at the highest CAGR because it requires lesser power and no liquid resulting, in no leakage. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car is expected to dominate the market during the forecast period due to the increase in sales of passenger car in emerging economies. The increased sales of passenger cars will result in high demand of intercooler in the vehicles.
List of Tables:
Table 1 Global Automotive Intercooler Market: By Region, 2017-2023
Table 2 North America Automotive Intercooler Market: By Country, 2017-2023
Table 3 Europe Automotive Intercooler Market: By Country, 2017-2023
Table 4 Asia Pacific Automotive Intercooler Market: By Country, 2017-2023
Table 5 RoW Automotive Intercooler Market: By Country, 2017-2023
Continued…
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