Europe Automotive Charge Air Cooler Market

The automotive charge air cooler market in Europe is expected to grow from US$ 680.99 million in 2022 to US$ 964.35 million by 2028. It is estimated to grow at a CAGR of 6.0% from 2022 to 2028. 

Rise in penetration of turbochargers in passenger cars 

The turbocharger helps to reduce the vehicle’s emissions. The use of turbochargers reduces the displacement volume of the cylinder, which reduces the volume of the fuel required for the same power, and thereby reducing the exhaust emissions of the vehicle. It also increases fuel efficiency. It is because of these reasons that have promoted the adoption of turbocharger technology mainly on passenger cars. Passenger cars with conventional fuel include diesel and gasoline engines. Emission regulations, especially those affecting diesel engines have accelerated the rate of integration with turbochargers. Long-term revenue growth opportunities in the automotive charge air cooler market have stemmed from the cutting-edge designs of turbochargers that can help customers meet upcoming emission standards. Recent developments confirm that turbochargers have gained from rapidly increasing use of the technology in diesel vehicles, thus improving the outlook of the automotive charge air cooler market. Stricter fuel economy regulations with significantly higher targets and strict restrictions on greenhouse gases that include carbon dioxide from engine exhaust emissions have spurred the shift of a performance segment towards a mainstream fuel-saving presence. This all above mentioned factors owe to the growth of automotive charge air cooler market. 

Market Overview 

Europe is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Nothing draws Europe closer together than its automobiles. Europe, widely acknowledged as the birthplace of the vehicle, has embraced the automobile not just as a means of economic progress and transportation, but also for leisure and entertainment over the decades. The road travelled by the car industry in the European Union (EU) may not have always been smooth in the latter half of the last century, but car production is one of the region's ""most enduring industrial activities,"" according to the European Automobile Manufacturers' Association, as other heavy industries have succumbed to competition from Asia and the United States (ACEA). According to the latest numbers from the ACEA, new passenger car registrations in Europe increased for the 31st month in a row, demonstrating that automobile manufacture and consumption is one of the most stable and resilient industries in the European Union. As a result of the aforementioned factors, Charge air cooler demand is expected to increase over the forecast period. 

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

Europe Automotive Charge Air Cooler Market Segmentation 

The Europe 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 Europe 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 Europe 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 Europe 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 Germany, France, Italy, UK, Russia, and Rest of Europe. Rest of Europe 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.

Europe Automotive Charge Air Cooler Market Strategic Insights

Europe Automotive Charge Air Cooler Market Segmentation Analysis

Europe Automotive Charge Air Cooler Market Report Highlights

Europe Automotive Charge Air Cooler Report Scope

Europe Automotive Charge Air Cooler Market Country and Regional Insights