The latest report by IMARC Group, titled, “Automotive Intercooler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global automotive intercooler market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global automotive intercooler market size reached US$ 12.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.85% during 2023-2028.
Automotive Intercooler Market Overview:
An automotive intercooler is a heat exchanger that plays a vital role in turbocharged and supercharged engines. Positioned between the turbocharger/supercharger and the engine’s intake manifold, it cools the compressed air, increasing its density before entering the combustion chamber. By reducing the intake air temperature, the intercooler enhances engine efficiency and power output while preventing engine knocking. Typically constructed with aluminum or other conductive materials, intercoolers improve overall engine performance and durability. They are integral to modern engines, achieving optimal combustion conditions and contributing to enhanced fuel efficiency and power delivery.
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Market Trends:
The global market is majorly driven by the rising adoption of turbocharged engines across vehicle segments. In line with this, the stricter emissions regulations drive the need for efficient combustion, which intercoolers contribute to by enhancing air density. Furthermore, the automakers are employing smaller turbocharged engines for better fuel efficiency, necessitating efficient intercooling to maintain power. Apart from this, enthusiasts seek aftermarket intercoolers to boost engine power and improve overall vehicle performance. Moreover, the intercoolers are crucial for heavy-duty applications like towing and off-roading, accelerating demand in these segments. Besides, the escalating automotive production, especially in emerging markets, drives intercooler demand. Additionally, the rapid innovations in intercooler materials, design, and manufacturing techniques further promote market growth.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players being:
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/automotive-intercooler-market
Key Market Segmentation:
Breakup by Type:
Breakup by Design Type:
Breakup by Vehicle Type:
Breakup by Engine Type:
Breakup by Distribution:
Breakup by Region:
Key Highlights of the Report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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