Automotive Intercooler Market Segmentation: Vehicle Type, Type, Engine Type, Design Type, Demand Catby Kumar S. Digital Marketing Specialist
As per a
report by TechSci Research titled “Automotive
Intercooler Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, 2017-2027”, the global automotive intercooler market is expected to
experience a robust growth in the period between 2023-2027, with an expected
CAGR value. The growth of the market can be attributed to factors such as a
rise in demand for advanced car parts, increasing concerns for the environment,
and a surge in demand for eco-friendly and fuel-efficient vehicles in the next
five years. The growing demand for automotive turbochargers is also expected to
support the growth of the global automotive intercooler market in the upcoming
five years. In addition, the market is expected to benefit from high
occurrences of vehicle combustion resulting from engine overheating, high fuel
consumption when the engine reaches high temperature in a short time, and the
high cost of fuel, which leads to environmental harm through excessive burning
of fuel and the depletion of natural fuel resources. The rapid growth of
automobile production and sales, as well as the overall expansion of the
automotive industry, is expected to boost the growth of the global automotive
intercooler market over the next five years.
Governments are making efforts to invest in the industry to develop eco-friendly automobiles, including the promotion of electric vehicles and battery-powered vehicles. Higher research and development of innovative products is also expected to substantiate the growth of the global automotive intercooler market in the forecast years up to 2027.
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The global automotive intercooler market is segmented based
on vehicle type, type, engine type, design type, demand category, regional
distribution, and competitive landscape. The market is further divided into
two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial
vehicle, and OTR based on vehicle type. In the upcoming five years, passenger
cars are expected to dominate the market segment and hold the largest revenue
shares, owing to their increasing production and sales in the Asia Pacific
regions. The market is further driven by the growing occurrences of engine
heating due to high temperature countries and the higher cost of fuel
worldwide. Light commercial vehicles are also anticipated to hold a significant
share of the market due to the increasing demand for freight movement and the
growing transportation industry.
The engine type market segment is divided into supercharged
engine and turbocharged engine. Turbocharged engines are expected to dominate
the market segment with the largest revenue shares in the next five years,
owing to the surging demand for coolants for reducing the temperature of
compressed air. The increasing usage and development of downsized engines are
also expected to substantiate the growth of the segment in the upcoming five
years, along with the growth of the market.
Based on design type, the market is further categorized into
front-mounted, top-mounted, and side-mounted. Front-mounted designs are
expected to lead the market based on automotive requirements and design. The
higher demand for front engines is driving the growth of the segment, along
with the growth of the market in the next five years.
the market players, dominating the global automotive intercooler market are
Performance Engineering Inc.
Motion Inc. (Honeywell)
Alloy Motorsport Ltd
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Pacific region is anticipated to lead the global automotive intercooler market
in the upcoming five years as it has been leading in the historical years due
to highest sales and demand of the automobiles in the region. Moreover, larger
economies like India, China are also among the largest producers of
automobiles. Increasing technological advancement in the automobiles, dedicated
research and product development sector in the industry in these countries
along with the presence of global giants like Toyota Motors, Hyundai Motors,
etc. in the region is driving the growth of the global automotive intercooler
market in the future five years. Large population of the countries in the
region, higher capacities of producing technologically advanced automobiles,
and higher export capacities of the countries like Japan, China, further
facilitate the market growth. New market players may form alliances with the
global automotive manufacturers to supply the products for assembling and invest
in further research to establish their brands in the market,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Automotive Intercooler Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, OTR), By Type (Air to Air Intercooler, Water to Air Intercooler), By Engine Type (Supercharged Engine, Turbocharged Engine), By Design Type (Front Mounted, Top Mounted, Side Mounted), By Demand Category (OEM vs Replacement), By Region”, has evaluated the future growth potential of global automotive intercooler and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global automotive intercooler market.
Created on Feb 15th 2023 05:33. Viewed 200 times.