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Published Mon, Apr 1st 2019

Automotive Charge Air Cooler (CAC) Market is Likely to reach an estimated value of US$ 3,110.8 million in 2023

This report, from Stratview Research, studies the charge air cooler market in the automotive industry over the trend period 2012 to 2017 and the forecast period 2018 to 2023 both in terms of value and units.

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Stratview Research has launched a new research report on Automotive Charge Air Cooler (CAC) Market. Published on Jun,2018, this 230-page report segments the market in five ways to provide a 360-degree holistic view.
The forecast of the market size has been segmented by –
  • Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle),
  • Product Type (Air-Cooled Charge Air Cooler, Liquid-Cooled Charge Air Cooler),
  • Position Type (Standalone CAC, Integrated CAC),
  • Fuel Type (Gasoline Vehicles, Diesel Vehicles),
  • Region
  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: France, Germany, the UK, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Brazil, Argentina and Others)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Charge Air Cooler (CAC) Market.

Years considered for this report –
  • base year 2018
  • trend period 2012 – 2017
  • forecast period 2018 - 2023
 
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View detailed TOC here
 
Automotive charge air cooler market to reach US$ 3,110.8 million
The global automotive charge air cooler market is projected to offer an impressive growth opportunity and is likely to reach US$ 3,110.8 million in 2023. Organic growth in the automobile production owing to increasing disposable income and growing urbanization; strict government regulations regarding carbon emission reductions and fuel efficiency enhancements, such as CAFÉ Standards; and increasing penetration of turbochargers are some of the major growth drivers of charge air coolers in the automotive industry.
The automotive industry is undergoing the most potentially disruptive decade where stringent government regulations regarding carbon emission reductions and fuel efficiency enhancements are generating an enormous pressure on automakers. Automakers are unraveling it by finding distinct ways. Engine downsizing is one of the prime approaches for achieving such industry needs. It makes engine hotter but makes the engine more powerful and efficient and provides an impetuous growth in the demand for turbochargers in vehicles. This creates a need for effective cooling of charged air through charge air cooler (CAC) (also known as an intercooler).
Hot air entering engine can create a higher combustion temperature, which creates a greater nitrogen oxide formation and increases thermal load on the engine and related components. Charge air cooler act as a cooling interface, which transforms hot air coming from a turbocharger or a supercharger to cool air entering combustion engine. CACs also contribute towards a reduction in turbo lag and an improvement in engine volumetric efficiency with lower engine displacement.
 
Passenger car is expected to remain the growth engine
The global automotive charge air cooler market is segmented based on the vehicle type as Passenger Car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the market during the forecast period. Higher production of cars coupled with an increased adoption of charge air cooler in gasoline engines is driving the segment.
 
Air-cooled charge air cooler is expected to remain the dominant product type
Based on the product type, the automotive charge air cooler market is segmented as Air-Cooled Charge Air Cooler (also known as Air-to-Air Charge Air Cooler) and Liquid-Cooled Charge Air Cooler (also known as Water-Cooled Charge Air Cooler). Air-cooled charge air cooler is expected to remain the dominant product type in the market during the forecast period, whereas liquid-cooled charge air cooler is likely to grow at a faster rate during the same period. Smaller packaging space with reduced duct length, reduction in pressure loss, an improvement in power and torque delivery, and an enhanced efficiency are some of the key whys and wherefores for faster growth of liquid cooled charge air cooler as compared to air-cooled charge air cooler.
Another factor evoking interest towards the usage of liquid-cooled charge air cooler is its versatility. It can be adjusted in various configurations, such as remote mounting or self-contained and can be integrated into the intake manifold or supercharger housing. On the other hand, air-cooled charge air cooler is generally mounted standalone in the front of radiator only.
 
The diesel engine is expected to remain the dominant segment
Based on the fuel type, the market is segmented as Diesel Engine-based Charge Air Cooler and Gasoline Engine-based Charge Air Cooler. The diesel engine is expected to remain the dominant segment of the automotive charge air cooler market during the forecast period, whereas gasoline engine is expected to witness a higher growth during the same period.
 
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Europe is expected to remain the largest automotive charge air cooler market
In terms of regions, Europe is expected to remain the largest automotive charge air cooler market during the forecast period, owing to the high penetration of diesel engine vehicles coupled with a greater penetration of turbochargers to address the strict emission norms of European Commission. North America, another considerable region, is also likely to generate a healthy demand for charge air cooler in the coming years, primarily propelled by the USA and Mexico.
Asia-Pacific is likely to experience the highest growth during the same period. China and India are the growth engine of Asia-Pacific’s market for charge air coolers. Both countries together accounted for more than 60% of the Asia-Pacific’s market and are likely to grow at an impressive double-digit growth rate during the forecast period.
 
Key Strategies
Development of integrated charge air coolers and formation of strategic alliances with OEMs and turbocharger suppliers are the key strategies adopted by the major players to gain a competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
 
Major automotive charge air cooler companies - Calsonic Kansei Corporation, Denso Corporation, Dana Incorporated, Hanon Systems Mahle GmbH, T.RAD Co., Ltd., and Valeo Group.
 
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors.
 
Research Methodology
This report studies the Automotive Charge Air Cooler (CAC) Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
  • Extensive secondary research,
  • Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
  • Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
  • More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
 
Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
 

Contact information

Aditya Joshi
Stratview Research
United States of America
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI
48243
+1-313-307-4176
https://www.stratviewresearch.com/

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

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