The automotive charge air cooler market in SAM is expected to grow from US$ 85.13 million in 2022 to US$ 97.28 million by 2028. It is estimated to grow at a CAGR of 2.2% from 2022 to 2028.
Shifting focus of countries towards fuel-efficient vehicles and government norms to promote fuel-efficient and environmental-friendly vehicles is driving the automotive charge air cooler market. Major automotive companies have been engaged in improving the existing engine technology through substantial R&D investments. This is likely to further boost the scope of improving performance and extending technology to a wide class of vehicle at a more compact size. Introduction of the standards is likely to act as a major opportunity for the adoption of charge air cooler technology.
Shifting focus of countries towards fuel-efficient vehicles and government norms to promote fuel-efficient and environmental-friendly vehicles is driving the automotive charge air cooler market. Major automotive companies have been engaged in improving the existing engine technology through substantial R&D investments. This is likely to further boost the scope of improving performance and extending technology to a wide class of vehicle at a more compact size. Introduction of the standards is likely to act as a major opportunity for the adoption of charge air cooler technology.
Market Overview
The COVID-19 pandemic impacted South America hard, an area characterized by terrible national politics, a lack of good education in some subregions, and widespread poverty in several countries. The region's automobile industry, which is heavily reliant on imports and exports for revenue, suffered a financial setback due to the global transportation stop. Due to national politics and social movements, South America, particularly Brazil and Argentina, had a massive cash infusion into the automotive industry from 2013 to 2015. Due to COVID-19, this cash inflow was suspended. With the global lockdown lifting, the industry aims to climb back up the ladder and move toward greater sustainability. Furthermore, regional market participants are collaborating to increase their market share in the region. For instance, the Brazilian Antitrust Authority approved the formation of a joint venture between Fras-le, a Randon Company, a manufacturer of friction material products, and Federal-Mogul Motorparts, a global manufacturer and distributor of quality automotive parts, on December 7, 2017. The joint venture will focus on manufacturing and distributing premium turbo engine products to original equipment vehicle manufacturers and aftermarket customers in the light vehicle markets in Brazil. The JURID do Brasil Sistemas Automotivos Ltda joint venture will begin operations on January 8, 2018. Fras-le will hold around 80% of the company, while Federal-Mogul Motorparts will own 19.9%. Hence, mergers and acquisitions of this kind are likely to increase the market in the region.SAM Automotive Charge Air Cooler Market Segmentation
The SAM automotive charge air cooler market is segmented into type, fuel type, core type, vehicle type, and country.- Based on type, the market is segmented into air cooled charge air cooler and liquid cooled charge air cooler. The air cooled charge air cooler segment registered a larger market share in 2022.
- Based on fuel type, the SAM automotive charge air cooler market is segmented into gasoline and diesel. The diesel segment registered a larger market share in 2022.
- Based on core type, the SAM automotive charge air cooler market is segmented into tube, fin, bar and plate. The fin segment registered the largest market share in 2022.
- Based on vehicle type, the SAM automotive charge air cooler market is segmented into passenger cars, LCV, trucks and buses. The passenger cars segment registered the largest market share in 2022.
- Based on country, the market is segmented into Brazil, Argentina, and Rest of SAM. South Africa dominated the market share in 2022. AKG Group, Dana Limited, Delphi Technologies Plc (BORGWARNER INC.), DuPont, Hanon Systems, Mahle GmbH, Modine Manufacturing Company, and Valeo are the leading companies operating in the automotive charge air cooler market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Automotive Charge Air Cooler Market Landscape
5. SAM Automotive Charge Air Cooler Market - Key Industry Dynamics
6. Automotive Charge Air Cooler Market - SAM Analysis
7. SAM Automotive Charge Air Cooler Market Analysis - By Type
8. SAM Automotive Charge Air Cooler Market Revenue and Forecast to 2028 - Fuel Type
9. SAM Automotive Charge Air Cooler Market Revenue and Forecast to 2028 - Core Type
10. SAM Automotive Charge Air Cooler Market Revenue and Forecast to 2028 - Vehicle Type
11. SAM Automotive Charge Air Cooler Market - Country Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Akg Group
- Dana Limited
- Delphi Technologies Plc (Borgwarner Inc.)
- Dupont
- Hanon Systems
- Mahle Gmbh
- Modine Manufacturing Company
- Valeo
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 85.13 Million |
| Forecasted Market Value ( $ | $ 97.28 Million |
| Compound Annual Growth Rate | 2.2% |
| No. of Companies Mentioned | 8 |
