Automotive Intercooler Market Size (2024 - 2029)

Automotive Intercooler Market Analysis

The Automotive Intercooler Market size is estimated at USD 17.96 billion in 2024, and is expected to reach USD 24.31 billion by 2029, growing at a CAGR of less than 5% during the forecast period (2024-2029).

Over the long term, the demand for EVs is growing fast across the world, and it is expected to pose a challenge to the growth of automotive intercoolers. Countries are striving to satisfy the rising fuel demand by focusing on eco-friendly transportation. EVs reduce the dependence of consumers on gasoline/diesel-based automobiles, and thereby, the need for turbochargers/superchargers decreases. There, it affects the demand for intercoolers.

The growth of the market studied is directly impacted by the growth of the global automotive turbocharger market, as intercooler plays a vital role in cooling compressed air. Further, an increase in environmental concerns is fueling the demand for thermoelectric generators in vehicles, which is expected to help enhance engine efficiency. It, in turn, is projected to boost the automotive intercooler market across the globe. Various governments enacted stringent regulations about vehicle emissions, which is likely to propel the automotive intercooler market across the globe.

Europe and Asia-Pacific are projected to hold a significant share of the global automotive intercooler market due to an increase in the sale of vehicles across the region. The presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive intercooler market across the Asia-Pacific.

Automotive Intercooler Industry Segmentation

The intercoolers (Charge Air Coolers) are designed to reduce fuel consumption while increasing engine power and efficiency. The intercooler's task is to reduce the temperature of the inlet gas and thus densify the air required, which optimizes the combustion. The intercooler lowers the temperature of the inlet gas from 130° C to 60° C, removes the negative effects of the turbo, and increases the power by around 20%.

The automotive intercooler market is segmented by type, vehicle type, engine type, and geography. By type, the market is segmented into air-to-air intercoolers and air-to-water intercoolers. By vehicle type, the market is segmented into passenger cars and commercial vehicles.

By engine type, the market is segmented into supercharged engines and turbocharged engines. By Geography type, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, market sizing and forecast are done on the basis of value (USD).