Report ID: SQMIG25A2274
Report ID:
SQMIG25A2274 |
Region:
Global |
Published Date: November, 2024
Pages:
221
|
Tables:
89 |
Figures:
71
Automotive Intercooler Market size was valued at USD 11.45 Billion in 2023 and is poised to grow from USD 12.03 Billion in 2024 to USD 17.83 Billion by 2032, growing at a CAGR of 5.04% during the forecast period (2025-2032).
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.
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Report ID: SQMIG25A2274