The growth in automotive industry directly translates into increasing demand in the automotive intercooler market. Moreover, Technological advancement and heavy investments are helping automotive intercooler to grow. Factors such as demand for efficient turbocharged engines and strict regulations of the government to decrease the vehicle population and increase the engine efficiency are some of the major market drivers for the growth of automotive inter cooler. Additionally, environmental advantages offered by intercoolers and turbochargers largely drive the demand for intercoolers. Government’s emission norms to control and reduce exhaust emission levels are driving the market of automotive intercooler. Automotive intercooler production is consequently high in Asia-pacific, with China and India expected to be the most promising markets.
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Key players of Automotive Intercooler Market:
- Bell Intercoolers
- KALE Oto Radyator
- Modine Manufacturing,
- Treadstone Performance Engineering
- Guangzhou Woshen Auto Radiator
- JC Performance Parts
- KVR International
Market Research Future Analysis:
Market Research Future analysis shows that the global market of automotive intercooler market is estimated to grow moderately by the end of year 2022. Asia pacific is leading the market of automotive intercooler. Moreover, the market and trends shows that Heavy investments were made from North America and European companies in Asia-Pacific, especially in India and China due to market development initiatives taken by the government and abundant availability of low-cost labors. Whereas, increasing demand for electronic vehicle, and subsidies offered by government driving the market of automotive intercooling market.
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