Automotive Intercooler Market to grow at highest compound annual growth rate from year 2018 to 2023, according to “Global Automotive Intercooler Market Size, Share, Trends, Growth Analysis and Regional Forecast Industry Report” published by Market Research Future.
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This report comprises comprehensive information on Automotive Intercooler Market Forecast data up to 2023, with historic and current market information. Automotive Intercooler Industry analysis done By Type (Air to air, Air to water), Engine Type (Supercharged Gasoline, Turbocharged Diesel, Conventional Diesel), Vehicle Type (Passenger, and Commercial), and regions.
Global Automotive Intercooler Market Highlights:
The global market for automotive intercooler is majorly driven by factors such as growing demand for high-performance turbochargers, fast and efficient operation among others. There has been an increase in the sales of passenger and commercial vehicles from 2015 to 2016. In 2015, the total vehicle sales was about 89.6 million units, while in 2016 it was 93.8 million units. This rise in the sales of vehicles will result in increased use of intercooler in the vehicles to improve the efficiency of the vehicle.
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Automotive Intercooler Market Key Companies Studied in this report are: Bell Intercoolers (U.S.), Forge Motorsport Inc (U.S.), KALE Oto Radyator (Turkey), Mishimoto (U.S.), PWR (Australia), Modine Manufacturing (U.S.), and Treadstone Performance Engineering (U.S.). Guangzhou Woshen Auto Radiator (China), JC Performance Parts (China), KVR International (U.S.), and Honeywell International Inc. (U.S.) are among others.
The automotive manufacturers are making heavy investment into R&D to develop a technology that will improve the efficiency of the vehicle and reduce the environmental impact of the vehicle as well as they are focusing on investing in R&D to gain a competitive edge over peers. Additionally, environmental advantages offered by intercoolers and turbochargers largely drive the demand for intercoolers. Government’s emission norms to control and reduce exhaust emission levels are driving the market of automotive intercooler. Automotive intercooler production is consequently high in Asia-pacific, with China and India expected to be the most promising markets
Market Segments Analysis:
The automotive intercooler market is segmented based on type, engine type, and vehicle type.
On the basis of type, the market is segmented into air to air and air to water. Air to liquid segment is expected to dominate the market during the forecast period due to ease of installation and providing high efficiency. Air to air intercoolers are the most common form of intercoolers due to the availability of limitless supply of cooling water. This is expected to expand at the highest CAGR because it requires lesser power and no liquid resulting, in no leakage.
On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car is expected to dominate the market during the forecast period due to the increase in sales of passenger car in emerging economies. The increased sales of passenger cars will result in high demand of intercooler in the vehicles.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in the sales and production of passenger and commercial vehicles. In Asia Pacific, automotive manufacturers are investing heavily for the development of innovative product to compete in the market. In Asia Pacific, China is expected to dominate the market during the forecast period because Chinese automakers are developing new and trade-friendly policies that enable them to produce a larger number of vehicles. North America is expected to be the second largest market due to an increase in demand of new passenger and commercial vehicles.
North America is a mature economy as far as investment in automotive industry is concerned. By 2023, the Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars. This increased investment will result in growing demand for intercoolers in vehicles. In North America, U.S. is expected to dominate the market due to the presence of major automobile companies. U.S. has been identified as a major contributor in the automotive industry. It is considered a mature economy but still the demand for passenger cars, LCV and HCV has increased substantially due to the rising migrant population. The demand for passenger cars, LCV, and HCV will increase the installation of intercooler in the vehicles. Europe is expected to be the third largest market due to cut throat competition in the automotive industry. In Europe, Germany is expected to dominate the market during the forecast period.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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