Thumbnail

North America Automotive Intercooler Market - Segmented by Type, Vehicle, Engine, and Country - Growth, Trends, and Forecast (2020 - 2025)

Looking to buy the report?

The North America automotive intercooler market is expected to record a CAGR 11.25% during the forecast period. The United States is a major hub for the automotive turbocharger and automotive intercoolers in the North America market. When the air is compressed by a turbo/supercharger, it gets very hot within a short span of time. The intercooler works to cool the air compressed by the turbo/supercharger, reducing the temperature and thereby, increasing the density of the air supplied to the engine. When the temperature climbs, the oxygen content drops drastically and intercooler, which cools the air, helps to provide denser, more oxygen rich air to the engine, allowing more fuel to be burned, thus, improving combustion and giving more power. It also increases reliability as it provides a more consistent temperature of intake air to the engine that allows the air fuel ratio of the engine to remain at a safe and steady level.

Limits for emissions and fuel economy standards are increasingly becoming stringent. Consequently, the automotive sector’s need for environmental-friendly, efficient, safe, convenient, and performance-centric products is becoming steeper. However, the demand for EVs is growing at a fast pace across the world, and is expected to pose a challenge to the growth of automotive intercoolers. Countries are striving to suffice the rising fuel demand by focusing on eco-friendly transportation. EVs reduce the dependence of consumers on gasoline/diesel-based automobiles and thereby, the need for turbochargers/superchargers decreases. This, in turn, affects the demand for intercoolers.

                                             

                                                                                                            Source: Mordor Intelligence Analysis

Market Dynamics

The growth of the intercoolers market is directly related to the automotive turbocharger market.  The growth of the market is driven from the increasing usage and development of the downsized engines. Stringency in fuel economy standards, such as enactment of CAFÉ standard to reach the fuel economy target of 35.5 mpg by 2016, has been one of the direct drivers of intercoolers in the region. Growing demand for high-performance turbochargers (used primarily in racing vehicles) is expected to drive the demand for intercoolers, as well.

North America has been home to many racing events and racing teams, who are involved in making customized systems to be integrated in the vehicle. These systems comprehensively involve the usage of a turbocharging and supercharging system and have intercoolers tailored to meet the needs suited. However, the demand for EVs is growing at a fast pace across the region, coupled by increased provisioning of subsidies by the government. The growth of EV is expected to pose a challenge in the growth of automotive intercooler market. US has been striving to suffice the rising fuel demand by focusing on eco-friendly transportation over the last few years.

Key Developments in the Market

  • March 2018: Bugatti Unveils Bugatti Chiron Sport. This car has used lightweight wheels, a greater percentage of carbon fiber for the intercooler cover, windscreen wipers made of carbon fiber, lighter glass in the rear window and a lighter exhaust deflector
  • November 2017: The new model of Ford Mk2 Focus RS has bigger intercooler, freer-breathing intake and exhaust systems, and the obligatory remapping of fuelling and ignition completed the package

Major Players Bell Intercoolers, CSF Radiators, Honeywell, KVR International, JC Performance Parts, among others.

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

 

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message