Automotive Charge Air Cooler Market Set To Hit $4.91 Billion by 2029 with A CAGR Of 9.1% Amidst Increasing Demand For Advanced Thermal Management Solutions
21 Jan, 2025
What Has Been The Growth Trend In The Automotive Charge Air Cooler Market In Recent Years?
The Automotive Charge Air Cooler Market has been experiencing strong growth in the past few years.
• The market size climbed from $3.16 billion in 2024 to $3.47 billion in 2025, demonstrating a robust CAGR of 9.9%.
This growth was propelled by stringent emission standards, engine performance optimization, increasing demand for improved fuel efficiency and emissions, as well as shifting consumer preferences and driving habits.
What Is The Forecasted Growth And Key Drivers Of The Automotive Charge Air Cooler Market?
The automotive charge air cooler market is expected to witness robust growth trends in the future.
• The market size is expected to reach $4.91 billion in 2029 with a CAGR of 9.1%.
This growth can be attributed to the increased adoption of hybrid powertrains, integration of advanced cooling technologies, expansion of electric and hydrogen fuel cell vehicles, and the emphasis on thermal management for electric vehicles. Major trends fueling the market include the development of lightweight and compact coolers, introduction of advanced materials in cooler construction, preference for liquid-cooled charge air coolers, customization of coolers for different vehicle applications, and enhancement of heat exchanger efficiency for enhanced performance.
What Are The Primary Factors Driving The Growth Of The Automotive Charge Air Cooler Market?
The surge in demand for commercial vehicles is expected to spur the growth of the automotive charge air cooler market. Commercial vehicles, which are designed mainly for transporting goods or passengers, employ automotive charge air coolers to boost combustion efficiency and optimize engine performance. This enhances power output and fuel efficiency. For instance, in July 2022, sales of commercial vehicles in Beijing alone amounted to 168,000, marking a year-on-year increase of 49.4% as per a report by Pandaily. Moreover, the demand for new commercial vehicles in Germany in May 2021 witnessed an upswing by 46.4% over the previous year. Hence, the rising demand for commercial vehicles is predicted to drive the growth of the automotive charge air cooler market.
What Are The Primary Segments Of The Automotive Charge Air Cooler Market?
The main segments covered in the automotive charge air cooler market report are:
1) By Type: Air-Cooled, Liquid-Cooled
2) By Design: Tube & Fin, Bar & Plate
3) By Fuel Type: Gasoline, Diesel
4) By Vehicle: PC, LCV, Truck, Bus
What Are The Trends Shaping The Automotive Charge Air Cooler Market?
Companies in the automotive charge air cooler market are primarily focusing on the implementation of high-performance engines to improve fuel consumption. High-performance engines drastically reduce the oil temperature in the engine, preventing overheating. For instance, Conflux Technology, an Australian heat transfer technology provider, launched a 3D printed Water Charge Air Cooler (WCAC) in June 2022. Designed to cool air entering turbochargers for certain car engines, this cooler makes use of 3D printing technology to optimize both its weight and performance. This method also allows for scalability in its dimensions, enabling a seamless fit into existing designs of high-end automotive manufacturers.
Who Are The Major Players Contributing To The Automotive Charge Air Cooler Market?
Key players in the automotive charge air cooler market include:
• Banco Products Ltd
• Calsonic Kansei Corporation
• Dana Incorporated
• Delphi Technologies plc
• Denso Corporation
• Du Pont De Nemours and Company
• Modine Manufacturing Company
• Valeo SA
• Vestas Aircoil AS
• MAHLE GmbH
Which Region Dominates The Automotive Charge Air Cooler Market?
Asia-Pacific was the largest region in the automotive charge air cooler market in 2024. North America, however, is predicted to be the fastest-growing region in the forecast period. The regions studied in the automotive charge air cooler market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.