Home Press Releases Automotive Charge Air Cooler Market Size Worth $6,162.61 million By 2032 | CAGR: 7.1%

Automotive Charge Air Cooler Market Size Worth $6,162.61 million By 2032 | CAGR: 7.1%

The global automotive charge air cooler market size is expected to reach USD 6,162.61 million by 2032, according to a new study by Polaris Market Research. The report “Automotive Charge Air Cooler Market Share, Size, Trends, Industry Analysis Report, By Product Type (Air-Cooled and Liquid-cooled); By Vehicle Type; By Design Type; By Position Type; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Implementation of turbo-chargers help in minimizing vehicular emissions and reduces the displacement of cylinder, which further reduces the amount of fuel required for the same power or output ability to increase the efficiency of fuel are key factors expected to boost the growth of the global market over the course of projected period.

 

In addition, a rapid surge in the product and sales on the automobiles in countries like United States and Germany owing to increased consumer spending capacity and penetration for integration of innovated air coolers is likely to contribute significantly over the coming years. For instance, according to our findings, the sales of new light vehicles in the United States rose by 7.9% to 14.1 million units in November 2022 from the same period of the previous year. And, it is forecasted that the auto sales will reach around 17.6 million cars, by 2028.

 

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In the recent years, the downsizing of vehicle engines is the ongoing trend and gaining high traction as manufacturers are highly engaged in reducing the consumption of fuel and vehicle efficiency. Thus, the adoption and integration of automotive charge air cooler is growing rapidly and likely to have positive impact on the market growth. In addition, constant efforts and investments by automakers in the research and development of cost-effective, eco-friendly, and high-performance engines are also expected to offer high market growth opportunities in the near future.

 

Automotive Charge Air Cooler Market Report Highlights

  • Air-cooled segment accounted for over largest market share in 2022 on account of various benefits offered by these products including reliability and simplicity
  • Passenger vehicles segment held the largest market revenue share in 2022 owing to increased prevalence of charge coolers to enhance the efficiency of turbo-charge combustion engine
  • Fin & tube design type segment dominated the global market and accounted for significant market share due to high integration among high-pressure applications
  • Standalone segment accounted for the maximum market share in 2022, which can be attributed to integration of developed and advanced mechanism of separate components
  • North America is expected to grow at a high CAGR over the projected period on account of the increase in vehicle sales
  • The global players include BASF SE, Naturex, Sensient Technologies Corporation, and ADM Company

 

Polaris Market Research has segmented the automotive charge air cooler market report based on product type, vehicle type, design type, position type, and region:

 

Automotive Charge Air Cooler, Product Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Air-cooled
  • Liquid-cooled

Automotive Charge Air Cooler, Vehicle Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

Automotive Charge Air Cooler, Design Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Fin & Tube
  • Bar & Tube

Automotive Charge Air Cooler, Position Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Integrated
  • Standalone

Automotive Charge Air Cooler, Regional Outlook (Revenue – USD Million, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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