Automotive Intercooler Market Size, Share, Growth Analysis, By Type(Air to Air Intercooler, Water to Air Intercooler), By Design Type(Front Mounted Intercooler, Top Mounted Intercooler, Side Mounted Intercooler), By Vehicle Type(Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region - Industry Forecast 2024-2031

Global Automotive Intercooler Market size was valued at USD 10.9 billion in 2022 and is poised to grow from USD 11.45 billion in 2023 to USD 16.97 billion by 2031, growing at a CAGR of 5.04% in the forecast period (2024-2031).

Automotive intercooler is a device used to cool the heated air coming from different components of the vehicle such as superchargers and turbochargers. Intercoolers cool the air to reduce knocking in the engine to increase power output. Increasing emphasis on boosting vehicle efficiency around the world is projected to promote the uptake of automotive intercoolers over the coming years. Imposition of stringent vehicle emission mandates by governments around the world is also forecasted to promote the adoption of automotive intercoolers in the long run. Advancements in intercooler technology are also predicted to change the global automotive intercooler market growth outlook over the coming years.

Growing sales of high-performance cars and vehicles around the world coupled with increasing use of turbochargers are also slated to create new opportunities for automotive intercooler manufacturers in the long run. However, design challenges are slated to slow down the overall automotive intercooler market growth prospects across the forecast period and beyond.