Market Research Future (MRFR) has asserted in its latest report that the global Increasing Demand in the Automotive Industry to Stimulate the Global Automotive Intercooler Market: Forecast (2019-2023).
The prominent players operating the global automotive intercooler market are Honeywell International Inc. (U.S.),Treadstone Performance Engineering (U.S.), Guangzhou Woshen Auto Radiator (China), PWR (Australia), Bell Intercoolers (U.S.), KVR International (U.S.),Mishimoto (U.S.), KALE Oto Radyator (Turkey), Forge Motorsport Inc (U.S.), JC Performance Parts (China), and Modine Manufacturing (U.S.).
Browse more details on Report at: https://www.marketresearchfuture.com/reports/automotive-intercooler-market-2094
Global Automotive Intercooler Market Key Players Analyzed In Report:
The factors that are responsible for the growth of automotive intercooler market are growing demand in the automotive industry, advancement in technology, and heavy investment by automotive manufacturers. There has been an increase in the sales of passenger and commercial vehicles from 2015 to 2016. In 2015, the total vehicle sales was about 89.6 million units, while in 2016 it was 93.8 million units. This rise in the sales of vehicles will result in increased use of intercooler in the vehicles to improve the efficiency of the vehicle. The automotive manufacturers are making heavy investment into R&D to develop a technology that will improve the efficiency of the vehicle and reduce the environmental impact of the vehicle as well as they are focusing on investing in R&D to gain a competitive edge over peers.
The automotive intercooler market is segmented based on type, engine type, and vehicle type. On the basis of type, the market is segmented into air to air and air to water. Air to liquid segment is expected to dominate the market during the forecast period due to ease of installation and providing high efficiency. Air to air intercoolers are the most common form of intercoolers due to the availability of limitless supply of cooling water. This is expected to expand at the highest CAGR because it requires lesser power and no liquid resulting, in no leakage. On the basis of vehicle type, the market is segmented into passenger car and commercial vehicle. Passenger car is expected to dominate the market during the forecast period due to the increase in sales of passenger car in emerging economies. The increased sales of passenger cars will result in high demand of intercooler in the vehicles.
The report for Global Automotive Intercooler Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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