The global automotive intercooler market is projected to grow at a CAGR of 13.48% to reach US$27.054 billion by 2027, from US$11.162 billion in 2020. A particular form of heat exchanger used mostly with supercharged and turbocharged engines is the automobile intercooler. Their primary job is to cool the air that the supercharger or turbocharger has compressed. Air-to-liquid and air-to-air automotive intercoolers are the two varieties utilized in automobiles. The air-to-air intercooler transfers the charged air's heat to the atmosphere.
The air-to-liquid intercoolers work on the principle that the coolant that passes through the core of the intercooler is pumped through the system to a radiator in the front of the vehicle. The radiator then removes the heat. Air-to-liquid systems are less expensive and simpler to maintain, but they are more prone to leaks. The intercoolers are mounted on different vehicle types: top, side, and front. The type of intercooler located on the top of the engine is called the top-mounted intercooler. The front mount is where the intercooler is placed in the front of the engine. Placing the intercooler in this position benefits installing a larger intercooler, so that more charged air is cooled. The side-mounted intercoolers are mounted either in front of the wheels or on both sides of the bumpers. These are used only if intercoolers cannot be mounted in the front.
With more people having disposable income, they are more likely to spend money on cars and enhance them with aftermarket components like turbochargers and superchargers to improve performance. The increase in the number of people upgrading their cars with superchargers or turbochargers will lead to an increase in the demand for vehicles resulting in the growth of the automotive intercooler market. Additionally, industry participants are actively participating in the market using investments and technological advances to support the expansion of the automotive intercooler market.
Market segments for automotive intercoolers include intercooler type, vehicle type, engine type, and geography. The market has been divided into two types: air-to-air and air-to-liquid. The market has been segmented by vehicle type into passenger, light, and heavy commercial vehicles. The market has been divided into supercharged and turbocharged engine types.
By intercooler type, the air-to-air segment is expected to hold a significant market share because these types of intercoolers are most commonly used in cars and are the cheapest compared to air-to-liquid intercoolers.
Passenger Vehicles hold a significant share.
Passenger vehicles are estimated to dominate the market, which is attributable to the fact that these vehicles are the most common, owned by people for reasons of affordability and personal comfort.
Turbocharged engines are the preferred engine type among the majority of the population, as turbochargers are the most common performance components that people prefer to upgrade their vehicles to increase their engine power.
Estimates place a sizeable portion in North America and the Asia Pacific.
Geographically speaking, Asia Pacific is predicted to hold a sizable market share because countries like China and India are key manufacturers of automobiles and automotive parts. Moreover, the increasing disposable income of people is increasing their propensity to spend on performance vehicles. The North American region is also expected to hold a considerable market share, which is attributable to the fact that it is one of the leading regions where new automotive technologies are coming. Investments are being made to enhance the quality of performance components and automotive components like intercoolers.
The major players in this report are Bell Intercoolers, Mishimoto Automotive, and FORGE MOTORSPORT, among others.
Key Developments:
The market suffered during the COVID-19 pandemic due to supply chain disruptions brought on by several major economies of the world being placed under lockdown, which halted all economic activity. During this time, there was a sharp decline in the market for passenger cars. However, demand returned to the market when economies opened up more gradually. Places like China and India saw significant demand for passenger automobiles as people began to prefer driving their cars instead of public transportation.
| Report Metric | Details |
| Market Size Value in 2020 | US$11.162 billion |
| Market Size Value in 2027 | US$27.054 billion |
| Growth Rate | CAGR of 13.48% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Type, Vehicle Type, Engine Type, And Geography |
| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies Covered | Bell Intercoolers, REX Heat Exchanger India Pvt. Ltd., PWR Holdings Limited, NRF, Mishimoto Automotive, Kale Oto Radyatör, FORGE MOTORSPORT, Nissens, GARRETT MOTION INC |
| Customization Scope | Free report customization with purchase |
Market Segmentation
Frequently Asked Questions (FAQs)
Q1. What is the size of the global automotive intercooler market?
A1. Automotive Intercooler Market was valued at US$11.162 billion in the year 2020.
Q2. What will be the automotive intercooler market size by 2027?
A2. The global automotive intercooler market is projected to reach a market size of US$27.054 billion by 2027.
Q3. What are the growth prospects for the automotive intercooler market?
A3. The automotive intercooler market is projected to grow at a CAGR of 13.48% over the forecast period.
Q4. What factors are anticipated to drive the automotive intercooler market growth?
A4. The increase in the number of people upgrading their cars with superchargers or turbochargers will lead to an increase in the demand for vehicles resulting in the automotive intercooler market growth.
Q5. Which region holds the largest market share in the automotive intercooler market?
A5. Asia Pacific is predicted to hold a significant share in the global automotive intercooler market because countries like China and India are key manufacturers of automobiles and automotive parts.
Bell Intercoolers
REX Heat Exchanger India Pvt. Ltd.
PWR Holdings Limited
NRF
Kale Oto Radyatör
FORGE MOTORSPORT
Nissens
GARRETT MOTION INC
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.