Press release
Automotive Charge Air Cooler Market Anticipated To Witness Robust Growth, Surpassing $4.91 Billion By 2029
Automotive Charge Air Cooler
What Is the Current Automotive Charge Air Cooler Market Size and Its Estimated Growth Rate?
In the last few years, the automotive charge air cooler market has seen significant expansion. Its growth is projected to increase from $3.16 billion in 2024 to $3.47 billion in 2025, achieving a compound annual growth rate (CAGR) of 9.9%. The historic growth can be credited to strict emission standards, optimization of engine performance, rising demand for more fuel efficiency and lesser emissions, and variations in consumer preferences and driving patterns.
The market size for automotive charge air coolers is anticipated to expand significantly in the coming years, projecting a growth to $4.91 billion by 2029, at a compound annual growth rate (CAGR) of 9.1%. This growth during the forecast period is attributed to factors such as the increasing popularity of hybrid powertrains, the integration of superior cooling technologies, advancements in electric and hydrogen fuel cell vehicles, and the increased focus on thermal management for electric vehicles. During the forecast period, noteworthy trends include the creation of lightweight and compact coolers, the use of advanced materials in building coolers, the shift towards liquid-cooled charge air coolers, tailor-made coolers for various vehicle applications, and improving the efficiency of heat exchangers to boost performance.
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How Are Emerging Segments Shaping the Automotive Charge Air Cooler Market Landscape?
The automotive charge air cooler market covered in this report is segmented -
1) By Type: Air-Cooled, Liquid-Cooled
2) By Design: Tube & Fin, Bar & Plate
3) By Fuel Type: Gasoline, Diesel
4) By Vehicle: PC, LCV, Truck, Bus
Subsegments:
1) By Air-Cooled: Front Mount Air Coolers, Top Mount Air Coolers, Side Mount Air Coolers
2) By Liquid-Cooled: Integrated Liquid Coolers, Separate Liquid Coolers, Intercooler With Heat Exchanger
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Which Growth Factors Are Influencing Automotive Charge Air Cooler Market Expansion?
The automotive charge air cooler market's expansion is anticipated to be propelled by the rising demand for commercial vehicles. Commercial vehicles, primarily devised and utilized for transporting goods, passengers, or accomplishing specialized tasks for economic reasons. The use of automotive charge air coolers in these vehicles improves combustion efficacy and enhances engine performance by cooling the compressed air before it is fed into the engine. This process leads to amplified power output and improved fuel competence. To illustrate, in July 2022, the sales volume of commercial vehicles surged by 49.4% year-on-year to 168,000, as per Pandaily, a tech media based in Beijing. Further, in May 2021, Germany saw a 46.4% yearly increase in the demand for new commercial vehicles. Hence, the escalating demand for commercial vehicles is predicted to fuel the growth of the automotive charge air cooler market.
Who Are the Dominant Players Across Different Automotive Charge Air Cooler Market Segments?
Major companies operating in the automotive charge air cooler market include Banco Products Ltd., Calsonic Kansei Corporation, Dana Incorporated, Delphi Technologies plc, Denso Corporation, Du Pont De Nemours and Company, Modine Manufacturing Company, Valeo SA, Vestas Aircoil AS, MAHLE GmbH, Hanon Systems Corporation, C G & J Inc., T RAD Co. Ltd., Magneti Marelli SpA, Robert Bosch GmbH, Continental AG, Aisin Seiki Co Ltd., Johnson Electric Holdings Limited, KSPG AG, Magna International, SHW AG, ZF Friedrichshafen AG, Concentric AB, HELLA KGaA Hueck & Co., Hitachi Automotive Systems Ltd., JTEKT Corporation, Rheinmetall Automotive AG, MS Motorservice International GmbH, GMB Corporation, Pierburg GmbH
What Are the Latest Developing Trends in the Automotive Charge Air Cooler Market?
Firms in the automotive charge air cooler market are concentrating on the utilization of high-performance engines to increase fuel efficiency. The use of these engines significantly cools the engine oil, thus avoiding overheating. For instance, in June 2022, Conflux Technology, a company based in Australia specializing in heat transfer technology, launched a 3D printed Water Charge Air Cooler (WCAC). This device is specifically designed to cool the air that is incoming to the turbochargers utilized in certain car engines. Utilizing 3D printing technology enables the company to enhance both the device's weight and performance. This technique also offers scalable dimensions, allowing the device to flawlessly integrate into the existing designs of premium automotive manufacturers.
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Which Geographic Regions Are Expected to Dominate the Automotive Charge Air Cooler Market in the Coming Years?
Asia-Pacific was the largest region in the automotive charge air cooler market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive charge air cooler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Charge Air Cooler Market?
2. What is the CAGR expected in the Automotive Charge Air Cooler Market?
3. What Are the Key Innovations Transforming the Automotive Charge Air Cooler Industry?
4. Which Region Is Leading the Automotive Charge Air Cooler Market?
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