Global Automotive Intercooler Market size was valued at USD 12,380 Million in 2024 and is expected to reach USD 21,492.3 Million by 2033, at a CAGR of 5.68% during the forecast period 2024 – 2033.
Automotive Intercooler Market: Overview
The automotive intercooler is a device that helps to cool air as it passes through the engine of a car or truck. Automotive intercooler improves the engine’s performance and prevents overheating. There are two main types of intercoolers available in the market air-to-air and air-to-water.
Various factors such as the growing production of automotive vehicles, increasing demand for vehicle upgradation along with digitization of distribution channels, stringent regulations, growing technological advancements, enhanced vehicle performance and efficiency are mainly driving the market growth of automotive intercoolers.
However, growing sales of electric vehicles, growing adoption of vehicle safety technologies, and less adaption of automotive intercoolers in many underdeveloped countries are some of the factors restraining the market growth.
Various technological innovations and increasing product development in the automotive intercooler are expected to create lucrative opportunities for the market during the forecast period. Automotive intercoolers have come a long way from their basic air-to-air or air-to-water designs.
Key players have innovated various modern automotive intercoolers; these intercoolers are engineered to maximize cooling efficiency while minimizing pressure drop. Innovations in intercooler technology have led to enhanced performance.
The global automotive intercooler market is segmented by type, vehicle type, engine type, design type, sales channel and by region. By Type, Air to water intercooler segment dominated the global market and is expected to keep its dominance during the forecast period owing to various advanced features associated with these automotive intercoolers.
This intercooler is preferred by the OEM and aftermarket sales channels due to its higher cooling capabilities. A well designed automotive intercooler can cool better than a tube and fin intercooler while suffering minimally.
By Vehicles type, the passenger vehicle segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period owing to growing production and sales of passenger vehicles across the globe.
For instance, in 2023, the world produced more than 94 million motor vehicles, with 73% of that being passenger cars. Supportive government policies and growing disposable income are mainly driving the production and sales of passenger vehicles across the globe, thereby driving the integration of automotive intercoolers.
By Region, the global automotive intercooler market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all of these, North America held the highest market share in 2023 and is expected to keep its dominance during the forecast period owing to increasing automotive production in this region. The availability of a well-established automotive industry in this region, and growing passenger vehicle sales in the U.S. and Canada are expected to create lucrative opportunities for the market during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 12,380.4 Million |
| Projected Market Size in 2033 | USD 21,492.3 Million |
| Market Size in 2023 | USD 11,780 Million |
| CAGR Growth Rate | 5.68% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Vehicle Type, Engine Type, Design Type, Sales Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed Automotive Intercooler market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Automotive Intercooler industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Automotive Intercooler Market:
- Bell Intercoolers.
- Treadstone Performance Engineering
- GARRETT MOTION INC
- FORGE MOTORSPORT
- Kale Oto Radyatör
- Mishimoto Automotive
- REX Heat Exchanger
- Honeywell International Inc.
- Speedgoat GmbH
- VRIPL Industries Pvt Ltd
- JC’s Race parts
- MODINE MANUFACTURING COMPANY
- Kale Oto Radyatör
- Continental AG
- Robert Bosch GmbH
- Valeo
- Others
The Automotive Intercooler Market is segmented as follows:
By Type
- Air to Air Intercooler
- Air to Water Intercooler
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Heavy Commercial Vehicle
By Engine Type
- Supercharged Engine
- Turbocharged Engine
By Design Type
- Front Mounted Intercooler
- Top Mounted Intercooler
- Side Mounted Intercooler
By Sales Channel
- OEM
- Aftermarket
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America