Automotive Charge Air Cooler Market

An automotive charge air cooler is used to cool the compressed air before it enters into the engine intake manifold or the combustion chambers. The air compressed by the turbocharger is hot, which reduces the density of the air resulting in less oxygen present during the combustion. Engine downsizing is a growing trend in the automotive industry in which manufacturers are engaged in reducing fuel consumption and increasing vehicle efficiency. The primary goal of an automotive charge air cooler is to improve engine combustion efficiency. This in turn makes automotive charge air cooler an attractive product in the market.

COVID-19 Impact Analysis

• COVID-19 has resulted in a decrease in vehicle production, which is directly proportional to the overall decline in the automotive charge air cooler market. The effect of pandemic is expected to be advantageous to the petroleum segment over diesel as diesel engines are expensive, and implementation of new emission regulations further adds to the cost of diesel engines, particularly in light-duty vehicles. The global automotive charge air cooler market has been significantly impacted by the spread of coronavirus in 2020. Lockdowns implemented in most of the major economies led to a decrease in vehicle production, resulting in considerably lower sales of charge air coolers. Halt in automotive production, supply chain disruptions, and lowered demand from aftermarket services resulted in a decline in the market till 2020. Considering the ongoing second wave in some of the European and Asia countries along with challenges from chip shortage, automotive production may decrease further in 2021. This might have impact adjacent automotive component markets such as charge air coolers.

Top Impacting Factors
Growth in penetration of turbochargers in passenger cars, implementation of high-performance engines, and rise in investment in R&D drive the growth of the market.
Rise in demand for electric vehicles hinders the growth of the market.
Rise in demand for fuel-efficient vehicles, and rise in urbanization act as opportunities for the market investments.

The Automotive Charge Air Cooler Market Trends are as Follows:
Growing Penetration of Turbochargers in Passenger cars

• Turbochargers help in reduction of vehicular emissions. Using a turbocharger decreases the displacement volume of the cylinder, which reduces the volume of the fuel required for the same output, and lowering the exhaust emissions of the vehicle. It also improves fuel efficiency. Thus, there is an increase in the adoption of turbocharger technology majorly in passenger cars. Passenger cars with conventional fuel include diesel and gasoline engines. Diesel engines have emerged as the dominant fuel type for carmakers, as diesel engines emit low CO2. Although the diesel proportion of new vehicle registrations has been falling gradually as modern petrol-powered cars are more convenient, popular, and are better at delivering similar benefits. The use of turbochargers for diesel engines was to improve fuel efficiency and engine performance, but the market for diesel turbochargers has been gradually shifting toward petrol superchargers.

Key Benefits of the Report:

• This study presents the analytical depiction of the automotive charge air cooler market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive charge air cooler market.
• The current market is quantitatively analyzed to highlight the growth scenario of the automotive charge air cooler market.
• The report provides a detailed automotive charge air cooler market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Automotive Charge Air Cooler Market Research report:

• Who are the leading market players active in the automotive charge air cooler market?
• What would be the detailed impact of COVID-19 on the market?
• What are the current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the automotive charge air cooler market?
• What are the future projections that would help in taking further strategic steps? 

 Automotive Charge Air Cooler Market Report Highlights