The primary factors accelerating market growth include rising demand for fuel-efficient vehicles, increased focus on emissions to reduce carbon emissions, rising vehicle demand, consistent investments by automakers in research and development of affordable, environmentally friendly, and low toxic products with a long life, and rising research and development activities in the market. Additionally, throughout the projection period, producers of automotive charge air coolers would benefit from the growth of technological advancements, modernization of production techniques, and an increase in demand from emerging nations.
Automotive Charge Air Cooler Market Overview (2022-2032):
- Forecast CAGR (2022–2032): 7.32%
- Forecast Market Size (2032): 6.09 billion
The COVID-19 pandemic had a significant impact on the industry. At the beginning of the pandemic in China, export had an effect on auto production plants in Europe and the US. The closure of multiple significant production facilities and suppliers across the world brought attention to one of the major crises in the automotive industry. Due to COVID-19, there has been a decline in vehicle production, and this decline is negatively associated with the decline in the market for automotive charge air coolers overall. On the other hand, because diesel engines are expensive and their price is further increased by the adoption of new emission laws, particularly in light-duty cars, it is projected that the pandemic would help the gasoline segment beat diesel.
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The Global Automotive Charge Air Cooler Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AKG Group, Banco Products (India) Ltd., C, G, & J Inc., Dana Ltd., Delphi Technologies (BorgWarner Inc.), Dura-Lite Heat Transfer Products Ltd., Hanon Systems, Kelvion Holding GmbH, MAHLE GmbH, Modine Manufacturing Company, Radicon Company Ltd., Sterling Thermal Technology, T.RAD Co., Ltd., Valeo.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment – By Product Type (Air-cooled Charge Air Cooler, Liquid-cooled Charge Air Cooler), By Position (Integrated, Standalone), By Design (Bar & Plate, Fin & Tube), By Fuel Type (Diesel, Gasoline), By Vehicle Type (Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Vehicle, Others), By Material (Aluminum, Copper, Stainless Steel, Others), By Sales Channel (Aftermarket, OEM).
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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