From GlobeNewswire: 2024-07-12 03:00:00

The Global Automotive Charge Air Cooler Market is set to grow from USD 2.72 billion in 2023 to USD 4.98 billion by 2033, with a CAGR of 6.23% during the forecast period. Car charge air coolers enhance engine performance and efficiency, adapting to the shift towards electrification and higher efficiency in the automotive industry.

The liquid-cooled segment is expected to dominate the automotive charge air cooler market, offering stability in charge air temperature under unpredictable driving conditions. The diesel segment is projected to grow rapidly, as charge air coolers in diesel systems reduce emissions and extend the life of the coolers.

Passenger vehicles are expected to hold a significant share in the automotive charge air cooler market due to the durability and efficiency of modern charge air coolers in small engine compartments. Asia Pacific is anticipated to lead the market, benefiting from the rise of fuel-efficient vehicles and the presence of key manufacturers in the region.

North America is expected to experience fast growth in the automotive charge air cooler market, driven by the demand for fuel-efficient and emission-free vehicles. Major players in the market include Valeo Service, Dana Limited, MAHLE GmbH, and BorgWarner Inc., among others, contributing to competitive growth within the industry.



Read more at GlobeNewswire: Global Automotive Charge Air Cooler Market Size To Exceed