Research Nester published a report titled “Automotive Intercooler Market: Global Demand Analysis Opportunity Outlook 2033” which delivers detailed overview of the global automotive intercooler market in terms of market segmentation by type, engine type, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive intercooler market is anticipated to grow with a CAGR of ~7% during the forecast period, i.e., 2023-2033. The market is segmented by type segment into air to air and air to water. Out of these segments, the air to air segment is anticipated to garner the largest market share over the forecast period, owing to the increasing car sales. In addition, increasing demand of cars is also expected to boost the growth of the segment in the coming years.
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The global automotive intercooler market is estimated to garner a moderate revenue by the end of 2033, backed by the increasing number of sports cars worldwide. Various features provided by automotive intercoolers, such as improving the combustion process in turbo-charged systems, hence increasing the engine power effect, are also projected to boost sales of these intercoolers in the coming years. Moreover, emerging emission guidelines as well as increasing sales of fossil fuel cars are also projected to propel the growth of the market during the forecast period.
Geographically, the global automotive intercooler market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to rising vehicle sales. Apart from this, the market in North America is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Dominance of Petrol Cars to Drive the Market Growth
According to the data, the share of petrol cars in the European Union was accounted ~36% in the first quarter of 2022.
The use of petrol cars is expected to accelerate the market growth in the coming years, as an intercooler is a heat exchanger used to cool a gas after compression. Moreover, the increasing technological advancements as well as the use of gasoline and diesel vehicles are also expected to drive the growth of the global automotive intercooler market during the forecast period.
However, the complexity of the system as well as the possibility of leakage of the coolant are expected to operate as key restraints to the growth of the global automotive intercooler market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global automotive intercooler market which includes company profiling of Forge Motorsport Inc., Bell Intercoolers, Mishimoto Automotive, Treadstone Performance Engineering Inc., Honeywell International Inc., Mahle GmbH, PWR Holdings Limited (PWR), Kale Oto Radyatör Sanayi ve Ticaret A.Ş, Modine Manufacturing Company, Garrett Motion Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global automotive intercooler market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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