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Global Automotive Charge Air Cooler Market Size, Share, and Forecast Analysis 2025-2029
Automotive Charge Air Cooler Market Size
What Are the Automotive Charge Air Cooler Market Size Forecast for 2025?
The market size for automotive charge air coolers has seen significant growth in recent times. It is projected to rise from a value of $3.16 billion in 2024 to approximately $3.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.5%. The historical growth can be associated with stringent emission standards, enhanced engine performance, amplified requirement for fuel efficiency and emission reduction, alterations in consumer preferences, and evolving driving habits.
What Is the Market Size Outlook for Automotive Charge Air Cooler Until 2029?
In the forthcoming years, a robust growth is anticipated in the size of the automotive charge air cooler market, which is projected to rise to $4.75 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. The escalation during the forecasted period can be credited to the increased utilization of hybrid powertrains, the incorporation of advanced cooling technology, and the expansion of electric and hydrogen fuel cell vehicles, with a strong focus on thermal management for EVs. The forecast period also brings to light significant trends such as the progression of lightweight and compact coolers, the usage of advanced materials in cooler manufacturing, the acceptance of liquid-cooled charge air coolers, the customization of coolers as per diverse vehicle requirements, and the improvement of heat exchanger efficacy for superior performance.
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What Are the Major Factors Driving Demand in the Automotive Charge Air Cooler Market?
Anticipated growth in the automotive charge air cooler market is attributed to the rising demand for commercial vehicles. These vehicles, specifically engineered primarily for transporting goods, passengers, or executing specialized tasks for economical reasons, utilize automotive charge air coolers to enhance combustion efficiency and engine optimization. This is achieved by cooling compressed air before it enters the engine, improving power output and fuel efficiency. Pandaily, a tech media based in Beijing, reported in July 2022 that the sales volume of commercial vehicles reached an impressive 168,000, showing an increase of 49.4% year-on-year. Meanwhile, there was also a significant rise in the demand for new commercial vehicles in Germany by 46.4% compared to the previous year in May 2021. Hence, this surge in commercial vehicle demand is projected to propel the growth of the automotive charge air cooler market.
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How Are End-Use Segments Shaping the Automotive Charge Air Cooler Market Outlook?
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
What Are the Strategic Trends Transforming the Automotive Charge Air Cooler Market Landscape?
Companies in the automotive charge air cooler sector are turning their focus towards the application of high-performance engines to boost fuel efficiency. The use of these engines significantly reduces the temperature of the engine's oil, preventing overheating. An instance of this is Conflux Technology, a firm based in Australia that specialises in heat transfer technology. In June 2022, they launched a 3D printed Water Charge Air Cooler, also known as WCAC. This device is purposefully designed to cool the air entering turbochargers, a component used to upgrade certain car engines. With the help of 3D printing technology, the firm can balance both weight and performance of the device. Moreover, this procedure allows for size scalability, making it compatible with pre-existing designs of top-tier automotive manufacturers.
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Who Are the Prominent Companies in the Automotive Charge Air Cooler Market by ?
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
Which Region Is Expected to See the Highest CAGR 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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