Press release
Emerging Automotive Charge Air Cooler Market Trends: High-Performance Engines To Improve Fuel Consumption Shaping the Future of the Industry
Automotive Charge Air Cooler Market Size
Automotive Charge Air Cooler Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been a significant increase in the size of the automotive charge air cooler market. Projected growth indicates an ascension from $3.16 billion in 2024 to $3.47 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 9.9%. Contributing factors to this historical growth include stricter emission standards, optimization of engine performance, a surge in the demand for fuel efficiency and emission reductions, along with alterations in consumer choices and driving behaviors.
How Will the Automotive Charge Air Cooler Market Size Evolve and Grow by 2029?
In the coming years, robust expansion is predicted in the automotive charge air cooler market size, which is set to reach $4.91 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to growth during the forecast period include the rising popularity of hybrid powertrains, the incorporation of high-tech cooling technologies, and the surge in electric and hydrogen fuel cell vehicles, as well as a focus on thermal management for electric vehicles. Key trends during this period include the creation of lighter, more compact coolers, the use of state-of-the-art materials in cooler manufacturing, the preference for liquid-cooled charge air coolers, tailoring of coolers to suit various vehicle needs, and the improvement of heat exchanger efficiency for optimal performance.
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What Drivers Are Propelling the Growth of Automotive Charge Air Cooler Market Forward?
The anticipated rise in the need for commercial vehicles is predicted to propel the expansion of the automotive charge air cooler market. Commercial vehicles, primarily used for economic activities such as the transportation of goods, passengers or the execution of specialized tasks, typically incorporate automotive charge air coolers. These coolers augment combustion efficiency and refine engine performance by chilling the compressed air prior to its entry into the engine, which in turn, boosts power output and fuel economy. For example, in July 2022, Beijing-based tech media Pandaily reported that the sales volume of commercial vehicles had risen by 49.4% year on year, reaching 168,000. Additionally, in May 2021, Germany saw a surge in the demand for new commercial vehicles, with a year-on-year growth of 46.4%. Consequently, the burgeoning demand for commercial vehicles is anticipated to fuel the growth of the automotive charge air cooler market.
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Which Emerging Trends Are Transforming the Automotive Charge Air Cooler Market in 2025?
Firms operating within the automotive charge air cooler market are concentrating their efforts on introducing high-performance engines to increase fuel efficiency. These high-performance engines significantly cool down the engine oil, warding off overheating. For instance, in June 2022, heat transfer technology company Conflux Technology, based in Australia, unveiled their 3D printed Water Charge Air Cooler, also known as WCAC. This device is designed to regulate the temperature of the air entering the turbochargers, a key component in boosting some vehicle engines. With the power of 3D printing technology, the company is able to enhance both the weight and performance of the cooler. Moreover, this process facilitates variable scaling for its dimensions, allowing it to smoothly fit into the pre-existing designs of luxury car manufacturers.
What Are the Key Segments in the Automotive Charge Air Cooler Market?
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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Who Are the Key Players Shaping the Automotive Charge Air Cooler Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Automotive Charge Air Cooler Market?
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
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