As per research findings, the global automotive intercooler market is anticipated to record substantial growth between 8% and 10% through 2021-2031 on the basis of value.
Use of automotive intercooler helps in reduction of fuel consumption and thereby increases fuel efficiency and engine performance.
Intercoolers reduce the temperature and increase the density of the supplied air to engine, that prevents damage and thus increases it’s volumetric efficiency.
These parts are important for turbocharging and supercharging systems as they improve efficiency of vehicle by cooling the heat generated by turbocharger. Supercharged engine is available in two configurations as air-to- air intercooler and air-to-water intercooler.
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What is Driving Demand For Automotive Intercoolers
Owing to increasing efforts over improving engine performance and exhaust emission reductions, the market for intercooler is anticipated to gain traction and advance ahead with promising growth prospects during the forecast period. In addition, increasing demand for sport cars or sporty engine features will provide significant forward thrust to the automotive intercooler market.
Carbon emission mitigation has become a key priority in recent times for automakers across globe.
Stringent government regulations concerning pollution reduction from automotive usage across countries have compelled automakers implement various strategies, designs and innovations regarding improvement of vehicular performance.
Use of intercoolers in vehicles offer automakers flexibility in terms of improving combustion efficiency thus lowering the emission levels without compromising over vehicle performance. This factor is anticipated to provide new growth impetus to global automotive intercoolers market.
Manufacturers of intercoolers are adding innovative features in design of these products that ensure optimum performance of the product and use specific aluminum alloys to resist internal corrosion and extreme high temperature in the interior of the vehicle.
Flexible side plates are installed for high performance of intercooler. Innovative technology along with wide range of intercoolers in accelerating the demand of automotive intercoolers in the market.
Aftermarket Segment is likely to Amplify Intercooler Sales
Manufacturers are providing air and water cooled technology to all OEMs that are charged with turbochargers like BMW, Mercedes, Audi, Volkswagen, Renault, Ford and many other companies.
Manufacturers also provide intercoolers for different car models that are environment friendly and use plastic ducts that are lighter than steel which helps the vehicle in overall weight reduction, less polluting, have high heat density and increase vehicle efficiency.
Many companies offer provide direct for replacement of intercoolers as well as custom intercoolers for modern, classic or racing cars as per the customer requirement and offer warranty for replacement parts as well.
This factor is increasing the aftermarket as well for automotive intercoolers in many countries.
Market Outlook For US and Canada Automotive Intercooler Industry
North America is one of the most attractive markets for intercooler as many racing cars that have turbocharging or supercharging systems have intercoolers installed for the engine.
This is one of the factors increasing the demand of intercoolers in the market. Increase in production of passenger cars and stringent government regulations for fuel economy standards is also surging the sales of intercoolers.
Companies in US like Bell Intercoolers and Forge Motorsport that make intercoolers for motorsports, marine and industrial use as well.
They also offer customized intercoolers solutions to customers which is boosting the sales of intercoolers in the forecast period.
Europe Demand Outlook For Automotive Intercooler
The European automotive industry suddenly came to a halt due to COVID-19 crisis, which has led to a decline in economic activities but the market is slowly recovering in 2021.
Shutdown of production facilities in Europe affected the automotive industry as well as intercoolers as there was a halt in the manufacturing of automotive parts.
European manufacturers offer intercoolers for different length and height along which is available in several colors.
They focus on production of high quality intercoolers and other engine parts used in passenger cars as well as racing cars with latest technologies and designs.
Manufacturers also provide intercooler parts in their online shop according to different car models which is accelerating sales of intercoolers in the market.
Who are the key Manufacturers And Suppliers of Automotive Active Spoilers
Some of the leading manufacturers and suppliers of automotive intercooler include
- Bell Intercoolers,
- Forge Motorsport Inc.
- Garrett Motion Inc.
- Mishimoto, Modine Manufacturing
- PWR Holdings Ltd
- Kale Oto Radyator
- Treadstone Performance Engineer and others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Intercooler Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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Key Segments
By Type:
- Air to Air Intercooler
- Water to Air Intercooler
By Design Type:
- Front Mounted Intercooler
- Top Mounted Intercooler
- Side Mounted Intercooler
By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- U.K.
- Spain
- BENELUX
- Russia
- Nordics
- South Asia and Pacific
- India
- ASEAN countries
- Australia and New Zealand
- East Asia
- China
- Japan
- South Korea
- Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa