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Automotive Intercooler Market Analysis by Type (Air to Air and Air to Water); by Engine Type (Supercharged Gasoline, Turbocharge Diesel, and Conventional Diesel); and by Application (Passenger Vehicle, and Commercial Vehicle)– Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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  • Mishimoto Automotive - announced that it has received a strategic growth investment from Main Post Partners, a leading private equity investment firm.
  • Mahle GmbH - developed an innovative internal coating for fuel cell coolers that enables long fuel cell service life by combining maximum operational safety with high cooling performance. The coating does not require any heavy metals and other environmentally harmful chemicals.

Global Automotive Intercooler Market Highlights Over 2023 - 2033

Base Year


Forecast Year




Base Year Market Size (2022)

~USD 17 Billion

Forecast Year Market Size (2033)

~USD 27 Billion

The global automotive intercooler market is estimated to garner a revenue of ~USD 27 billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 17 billion in the year 2022. The growth of the market can primarily be attributed to the growing R&D spending in the automobile sector worldwide. For instance, it was observed that in the year 2020,  global R&D spending was more than USD 135 billion in the automotive sector.


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An automotive intercooler is used to reduce the temperature of the hot air compressed by the turbocharger before the hot air reaches the engine's combustion chamber. Their installation in vehicles enhances the volumetric efficiency by increasing the air intake density through cooling at constant pressure. The automotive intercooler also improves the efficiency of the induction system by cooling the heat created by the turbocharger or supercharger. The demand for automobile intercoolers is on the rise amongst gasoline automobile users, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive intercooler market during the forecast period. It was found that approximately 58% of total United States transportation used finished motor gasoline in 2021.

Global Automotive Intercooler Market: Growth Drivers and Challenges

Growth Drivers

  • Emerging Regulations for Reducing Nitrous Oxide (NOx) Emissions - The Exhaust Gas Recirculation Cooler (EGR-C) is a critical component in diesel and gasoline engine systems to reduce NOx emissions. The automotive intercooler market is expected to flourish in the forecasted period as it curbs NOx. The intercoolers help in reducing NOx emissions by transmitting the exhaust gas back to the engine. It was found that NOx emissions from road vehicles accounted for more than 2 million tons in 2021.

  • Upsurge in the Demand for Sports CarsAccording to reports, it is estimated that the unit sales of sports cars are projected to reach around 919,000 vehicles in 2026.

  • High Prevalence of Distillate Fuels in Transportations – According to data, distillate fuels, primarily diesel, accounted for 24% of total US transportation energy use in 2021.
  • Dominance of Traditional Fossil-fuel CarsAccording to reports, in the first quarter of 2022, traditional fossil-fuel cars in the European Union accounted for ~52% with the market share of petrol cars being around 36%.


  • Stringent Emission Standards to Regulate Concentrations of Exhaust Emissions
  • Complexity of the System
  • Possibility of Leakage of the Coolant

The global automotive intercooler market is segmented and analyzed for demand and supply by type segment into air to air, air to water. Amongst these segments, the air to air segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of cars as well as rising sales of cars worldwide. For instance, globally, car sales reached around 66 million automobiles in 2021.

Major Macro-Economic Indicators Impacting the Market Growth


The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Automotive Intercooler Market Regional Synopsis

Regionally, the global automotive intercooler market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile manufacturing network in the region as well as increasing sales of vehicles. For instance, it was estimated that the total number of vehicles sold by China in 2020 was more than 25 million units.


The global automotive intercooler market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global automotive intercooler market includes the following segments:

By Type

  • Air to Air
  • Air to Water

By Engine Type

  • Supercharged Gasoline
  • Turbocharge Diesel
  • Conventional Diesel

By Application

  • Passenger Vehicle
  • Commercial Vehicle

Top Featured Companies Dominating the Global Automotive Intercooler Market

  • Mahle GmbH

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Forge Motorsport Inc.
  • Bell Intercoolers
  • Mishimoto Automotive
  • Treadstone Performance Engineering Inc.
  • Honeywell International Inc.
  • PWR Holdings Limited (PWR)
  • Kale Oto Radyatör Sanayi ve Ticaret A.Ş
  • Modine Manufacturing Company
  • Garrett Motion Inc.



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