Asia-Pacific Automotive Charge Air Cooler Market

The automotive charge air cooler market in APAC is expected to grow from US$ 1,525.62 million in 2022 to US$ 2,283.99 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028. 

Rise in demand for downsized engines 

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. India's reliance on imported fossil fuels has been increasing due to the limited domestic petroleum resources, which has forced the government to introduce Corporate Average Fuel efficiency (CAFE) norms. Under these norms, India seeks cars to be become 30% or more fuel-efficient from 2022, while 10% or more by 2021 end. Therefore, introduction these norms in the rapidly expanding automotive market such as India is estimated to further boost the adoption of charge air cooler technology in vehicles. Emissions regulations are scheduled to become the toughest, globally, in China, the largest automotive market in Asia. These new regulations are expected to favor the development of gasoline turbocharged engines and propel the adoption of electrification. China is projected to be a prominent market for turbocharged light vehicles. 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 

Asia Pacific constitutes major countries such as Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Some of the fastest-growing nations mark the Asia Pacific in terms of population size, particularly India and China. An increased population with higher disposable incomes creates a rising demand for effective and eco-friendly mobility solutions. Some of the world's most valuable vehicle manufacturers such as Toyota, Honda, Tata, and Hyundai are concentrated in this region. Notably, the automotive industry, including the manufacturing of motor vehicles and components, including charge air coolers, generates enormous revenue through the sales of passenger cars and commercial vehicles in the region with its high production levels, making it a core industry for many Asia Pacific economies. For instance, the automotive industry in India accounts for approximately 7% of the GDP and 49% of the total manufacturing GDP of the country. The rising vehicle manufacturing business in Asia-Pacific is driving the expansion of the auto components manufacturing industry, particularly in nations like China, Korea, and India. The demand for a vast and diverse number of automotive parts and components is growing in tandem with the rise in passenger car production. As a result, some businesses are focusing on expanding their manufacturing lines and distribution networks to channel their sales. 

APAC Automotive Charge Air Cooler Market Revenue and Forecast to 2028 (US$ Million) 

APAC Automotive Charge Air Cooler Market Segmentation 

The APAC 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 APAC 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 APAC 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 APAC 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 Australia, China, India, Japan, South Korea, and Rest of APAC. China dominated the market share in 2022.

AKG Group, Dana Limited, Delphi Technologies Plc (BORGWARNER INC.), DuPont, Hanon Systems, Mahle GmbH, Modine Manufacturing Company, T. RAD Co. Ltd., Valeo, and Vestas aircoil A/S are the leading companies operating in the automotive charge air cooler market in the region.

Asia-Pacific Automotive Charge Air Cooler Market Strategic Insights

Asia-Pacific Automotive Charge Air Cooler Market Segmentation Analysis

Asia-Pacific Automotive Charge Air Cooler Market Report Highlights

Asia-Pacific Automotive Charge Air Cooler Report Scope

Asia-Pacific Automotive Charge Air Cooler Market Country and Regional Insights