Automotive Charge Air Cooler Market Size, Share, Industry Trends and Forecast 2026

Automotive Charge Air Cooler Market

The global automotive charge air cooler market is expected to grow from USD 2.8 billion in 2021 to USD 3.9 billion by 2026, at a compound annual growth rate (CAGR) of 7.1%. MAHLE GmbH (Germany), T. RAD Co. Ltd. (Japan), Dana Incorporated (US), Valeo (France), and Modine Manufacturing Company (US) are the major players dominating the global automotive charge air cooler market. during the forecast period. Today, the automotive industry is taking significant steps toward more stringent emission regulations and fuel consumption, which has resulted in increased demand for components and modules to control the intake air temperature in conventional vehicles. This factor is expected to drive the demand for charge air coolers significantly during the forecast period.

Growing penetration of turbochargers in passenger cars

Turbochargers help in reducing vehicular emissions. Using a turbocharger reduces the displacement volume of the cylinder, which reduces the volume of the fuel required for the same output, and thereby reducing the exhaust emissions of the vehicle. It also increases fuel efficiency. It is because of these reasons the push for the adoption of turbocharger technology has intensified mostly in passenger cars. Passenger cars with conventional fuel include diesel and gasoline engines. Diesel engines have emerged as the dominant fuel type for carmakers, as diesel engines emit low CO2. Although, the diesel proportion of new vehicle registrations has been falling gradually as modern petrol-powered cars are more convenient, popular, and are better at delivering similar benefits. The use of turbochargers for diesel engines was to improve fuel efficiency and engine performance, but the market for diesel turbochargers has been slowly shifting toward petrol superchargers.

Request Free Sample Report @ 

Implementation of high-performance engines

The constant research for lower fuel consumption and reduced exhaust emissions has constantly resulted in engine development. Particularly, the trend of engine downsizing with high-performance has led to a continuously increasing specific component load. With the substitution of high-volume engines with small, turbocharged engines, the requirement for thermal management has also evolved. Thus, an increasingly important position in the development process of high-performance engines has fueled the demand for charge air coolers as well.

High-performance engine cars are vehicles with great speed and power along with emission standards. In the UK, passenger car buyers prefer downsized petrol engines that emit nearly 100 g/km CO2 as a feasible, efficient alternative to diesel engines. Currently, big players like Ford, Opel, Volkswagen, and Hyundai, offer downsized high-performance engines that allow emitting around 100 g/km of CO2.

Asia Pacific market is projected to hold the largest share, in terms of volume, by 2026

Asia Pacific is estimated to have the largest market for charge air coolers, backed by strong demand and production of passenger vehicles and emission regulations in various countries. The growth of fuel-efficient vehicles has positively influenced the Asia Pacific automotive charge air cooler market. Also, the region has the presence of leading charge air cooler manufacturers like Hanon Systems, T.RAD Co. Ltd., Marelli, and Denso Corporation, thus creating growth opportunities for the market in the region. These companies have been developing and expanding their business in the region. For instance, in March 2021, Hanon Systems announced that it had begun construction on its fifth plant in Korea. This new plant will be built on a site that offers approximately 33,000 square meters (approximately 335,000 square feet) of land.

Key Market Players

The key players considered in the analysis of the Automotive charge air cooler market are MAHLE GmbH (Germany), T. RAD Co. Ltd. (Japan), Dana Incorporated (US), Valeo (France), and Modine Manufacturing Company (US). These companies offer extensive products for the automotive charge air cooler industry and have strong distribution networks, and they invest heavily in R&D to develop new products.

Inquire Before Buying @