Global Automotive Intercooler Market

Automotive Intercooler Market Size, Share, Growth Analysis, 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 Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2274 | Region: Global | Published Date: March, 2024
Pages: 221 |Tables: 89 |Figures: 71

Automotive Intercooler Market Insights

Global Automotive Intercooler Market size was valued at USD 10.9 billion in 2022 and is poised to grow from USD 11.45 billion in 2023 to USD 16.97 billion by 2031, growing at a CAGR of 5.04% in the forecast period (2024-2031).

Automotive intercooler is a device used to cool the heated air coming from different components of the vehicle such as superchargers and turbochargers. Intercoolers cool the air to reduce knocking in the engine to increase power output. Increasing emphasis on boosting vehicle efficiency around the world is projected to promote the uptake of automotive intercoolers over the coming years. Imposition of stringent vehicle emission mandates by governments around the world is also forecasted to promote the adoption of automotive intercoolers in the long run. Advancements in intercooler technology are also predicted to change the global automotive intercooler market growth outlook over the coming years.

Growing sales of high-performance cars and vehicles around the world coupled with increasing use of turbochargers are also slated to create new opportunities for automotive intercooler manufacturers in the long run. However, design challenges are slated to slow down the overall automotive intercooler market growth prospects across the forecast period and beyond.

Market Snapshot - 2024-2031

Global Market Size

USD 10.9 billion

Largest Segment

Air to Air Intercooler

Fastest Growth

Water to Air Intercooler

Growth Rate

5.04% CAGR

Global Automotive Intercooler Market ($ Bn)
Country Share for North America Region (%)

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Automotive Intercooler Market Segmental Analysis

The global automotive intercooler market is segmented based on type, design type, vehicle type, and region. In terms of design type, the market is segmented into front mounted intercooler, top mounted intercooler, and side mounted intercooler. Based on type, the market is bifurcated into air to air intercooler and water to air intercooler. In terms of vehicle type, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

Analysis by Type

Air to air intercoolers account for a dominant share of the global automotive intercooler marketplace. This type of intercoolers are most commonly used with engines that are turbocharged or supercharged to improve engine performance by utilizing ambient air to cool down the air passed through them. This type of intercoolers are more simple and easy to install, which is why their preference is high among individuals as well as automotive companies.

Meanwhile, the demand for water to air automotive intercoolers is estimated to rise at a notable pace across the forecast period. This type of intercoolers utilize water mixed with coolers to provide cool air more efficiently to the engine or other automotive components. This type of intercoolers are seem in more modern cars that are focused more on performance and efficiency.

Analysis by Vehicle Type

The passenger car segment is slated to account for a notable chunk of the global automotive intercooler market. Increasing sales of passenger cars, growing disposable income of people, and rising number of vehicles utilizing turbochargers and superchargers are projected to contribute to the high market share of this segment. Developing countries are major contributors in making this segment a dominant one.

Growing use of advanced technologies and automotive components in commercial vehicles to enhance their performance and efficiency is projected to make light commercial vehicles a fast-expanding segment. Increasing adoption of turbochargers in small commercial vehicles to improve power output and maintain efficiency is slated to favor the demand for automotive intercoolers in this segment going forward.

Global Automotive Intercooler Market By Type, 2022 (%)

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Automotive Intercooler Market Regional Insights

North America accounts for the majority of automotive intercooler sales in the world and this can be attributed to the surging demand for efficient vehicles in this region. Presence of strict emission regulations is also a key factor that is promoting the adoption of automotive intercoolers in this region. The United States and Canada are top markets for automotive intercooler companies looking to make a mark in this region. Growing sales of passenger cars and commercial vehicles in this region are also estimated to contribute to the high market share of North America.

The Asia Pacific region is slated to emerge as the fastest-growing regional market for automotive intercooler companies across the forecast period and beyond. Surge in automotive production activity coupled with the presence of key automotive manufacturers, makes the Asia Pacific region an attractive market for automotive intercooler providers. China, India, Japan, and South Korea are rewarding markets in the Asia Pacific region.

Global Automotive Intercooler Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive Intercooler Market Dynamics

Drivers

  • Emphasis on Fuel Efficiency

Deployment of automotive intercoolers helps the flow of cool air in the engine and this allows the engine to operate more efficiently whilst providing optimum power output as well. Emphasis on improving vehicle efficiency is slated to promote automotive intercooler market growth.

  • Surge in Sales of Performance Vehicles

Intercoolers are not only used to improve vehicle efficiency but also performance, this is why they are a highly coveted component of modern sports cars and performance cars that utilize turbochargers and superchargers. Growing sales of such vehicles is slated to bolster market growth.

Restraints

  • Price Sensitivity

There are multiple options available when it comes to automotive intercoolers and this means there are multiple products available in almost all price points. This makes it hard for automotive intercooler providers to price their product profitably and thereby slows down market development as well.

  • Design Challenges

Designing and manufacturing a highly compact intercooler that fits snugly with the engine and other automotive components can be a challenging task as all vehicles are built different, thereby slowing down automotive intercooler sales in the long run.

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Automotive Intercooler Market Competitive Landscape

Automotive intercooler manufacturers invest in the research and development of new products that provide more efficient cooling. Companies also integrate new and advanced cooling technologies to create innovative new automotive intercoolers for different types of vehicles. Automotive intercooler market players also collaborate and partner with different automotive companies to create specialized products for different types of engines and vehicles. Automotive intercooler manufacturers focus on cost optimization by investing in localized manufacturing facilities.

Top Player’s Company Profiles

  • Bell Intercoolers
  • Forge Motorsport Inc.
  • PT Toyota-Astra Motor (TAM)
  • PWR Holdings Ltd
  • Kale Oto Radyator
  • Toyota
  • Mishimoto
  • PWR
  • Ford
  • Modine Manufacturing
  • Garrett Motion Inc.
  • Nismo Motorsports International
  • JC Performance Parts
  • Treadstone Performance Engineer
  • KVR International

Recent Developments

  • In June 2022, Conflux Technology, a leading provider of heat exchangers, announced the launch of its new 3D-printed automotive water charge air cooler. The product was compatible with almost all types of high-end automotive designs available at the time.
  • In September 2021, Mahindra, a leading automotive manufacturer based in India recalled its XUV300 diesel models citing an issue with the intercooler hose of the vehicle.

Automotive Intercooler Key Market Trends

  • Adoption of Advanced Manufacturing Practices: Automotive intercooler companies can opt for additive manufacturing, industrial 3D printing, and other types of manufacturing techniques to improve productivity. Deployment of advanced techniques could also result in the creation of affordable products that could help companies maximize their profit margins in the future.

Automotive Intercooler Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per Skyquest analysis, growing automotive production around the world and rising sales of vehicles are predicted to uplift the sales of automotive intercoolers across the forecast period. Growing use of turbochargers and increasing emphasis on improvement of vehicle efficiency to comply with modern emission mandates are other factors that could boost sales of automotive intercoolers in the future. However, pricing pressure from low cost products is projected to hamper automotive intercooler market growth potential in the future. Growing sales of high-performance vehicles and increasing automotive production allow North America to account for a significant share of the global automotive intercooler marketplace. Automotive intercooler market players should opt for advanced manufacturing techniques to improve their production capabilities and maximize revenue generation potential going forward.

Report Metric Details
Market size value in 2022 USD 10.9 billion
Market size value in 2031 USD 16.97 billion
Growth Rate 5.04%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Air to Air Intercooler, Water to Air Intercooler
  • Design Type
    • Front Mounted Intercooler, Top Mounted Intercooler, Side Mounted Intercooler
  • Vehicle Type
    • Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bell Intercoolers
  • Forge Motorsport Inc.
  • PT Toyota-Astra Motor (TAM)
  • PWR Holdings Ltd
  • Kale Oto Radyator
  • Toyota
  • Mishimoto
  • PWR
  • Ford
  • Modine Manufacturing
  • Garrett Motion Inc.
  • Nismo Motorsports International
  • JC Performance Parts
  • Treadstone Performance Engineer
  • KVR International
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Intercooler Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Intercooler Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Intercooler Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Intercooler Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Intercooler Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Intercooler Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Automotive Intercooler Market size was valued at USD 10.9 billion in 2022 and is poised to grow from USD 11.45 billion in 2023 to USD 16.97 billion by 2031, growing at a CAGR of 5.04% in the forecast period (2024-2031).

Automotive intercooler manufacturers invest in the research and development of new products that provide more efficient cooling. Companies also integrate new and advanced cooling technologies to create innovative new automotive intercoolers for different types of vehicles. Automotive intercooler market players also collaborate and partner with different automotive companies to create specialized products for different types of engines and vehicles. Automotive intercooler manufacturers focus on cost optimization by investing in localized manufacturing facilities. 'Bell Intercoolers', 'Forge Motorsport Inc.', 'PT Toyota-Astra Motor (TAM)', 'PWR Holdings Ltd', 'Kale Oto Radyator', 'Toyota', 'Mishimoto', 'PWR', 'Ford', 'Modine Manufacturing', 'Garrett Motion Inc.', 'Nismo Motorsports International', 'JC Performance Parts', 'Treadstone Performance Engineer', 'KVR International'

Emphasis on Fuel Efficiency

Adoption of Advanced Manufacturing Practices: Automotive intercooler companies can opt for additive manufacturing, industrial 3D printing, and other types of manufacturing techniques to improve productivity. Deployment of advanced techniques could also result in the creation of affordable products that could help companies maximize their profit margins in the future.

North America accounts for the majority of automotive intercooler sales in the world and this can be attributed to the surging demand for efficient vehicles in this region. Presence of strict emission regulations is also a key factor that is promoting the adoption of automotive intercoolers in this region. The United States and Canada are top markets for automotive intercooler companies looking to make a mark in this region. Growing sales of passenger cars and commercial vehicles in this region are also estimated to contribute to the high market share of North America.

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Global Automotive Intercooler Market

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