Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 2 billion

CAGR (2023-2028)

6.51%

Fastest Growing Segment

Liquid Cooled

Largest Market

North America


Market Overview

Global Commercial Vehicles Charge Air Cooler Market has valued at USD 2 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.51% through 2028. The global commercial vehicles charge air cooler (CAC) market is a critical sector within the automotive industry, driven by the need for improved engine performance, emissions compliance, and fuel efficiency in commercial vehicles. CACs, also known as intercoolers, play a pivotal role in enhancing the efficiency of heavy-duty trucks, buses, delivery vans, and other commercial vehicles. These components cool the compressed air entering the engine, leading to increased air density, more efficient combustion, and reduced emissions of pollutants such as nitrogen oxides (NOx) and particulate matter (PM). Moreover, CACs contribute to fuel efficiency improvements, aligning with the industry's goals of reducing operational costs and environmental impact. The market's growth is driven by the rising demand for commercial vehicles globally, the proliferation of turbocharged engines, and a growing focus on environmental, social, and governance (ESG) initiatives. As the commercial vehicle industry seeks solutions that balance performance, efficiency, and sustainability, the CAC market is poised for continued evolution and adaptation to meet the complex needs of commercial vehicle manufacturers and operators worldwide.

Key Market Drivers

Emissions Regulations and Fuel Efficiency Imperatives

A primary driver in the global commercial vehicles charge air cooler market is the growing emphasis on emissions reduction and fuel efficiency. Governments and regulatory bodies worldwide are implementing increasingly stringent emissions standards to combat air pollution and greenhouse gas emissions. Commercial vehicles, such as trucks and buses, are significant contributors to emissions, making them a focal point for emissions reduction efforts. Charge air coolers play a crucial role in achieving these objectives. They cool the compressed air entering the engine, which increases air density, promotes more efficient combustion, and reduces emissions of harmful pollutants, such as nitrogen oxides (NOx) and particulate matter (PM). Additionally, charged air coolers contribute to fuel efficiency improvements by enhancing engine performance. To meet these stringent emissions standards and fuel efficiency targets, commercial vehicle manufacturers are integrating advanced charge air cooling solutions into their vehicle designs. This driver is expected to continue fueling the demand for efficient and high-performance charge air coolers in the commercial vehicle sector.

Proliferation of Turbocharged Engines

The widespread adoption of turbocharged engines in commercial vehicles is another significant driver of the commercial vehicles CAC market. Turbocharging technology involves compressing air before it enters the engine's combustion chamber, resulting in increased power output and improved performance. Charge air coolers are essential components in turbocharged systems. They cool the compressed air generated by the turbocharger, ensuring that it remains at an optimal temperature for efficient combustion. This not only enhances engine power and torque but also contributes to reduced emissions and better fuel efficiency. Commercial vehicle manufacturers are increasingly turning to turbocharged engines to strike a balance between power and fuel efficiency. Turbochargers have become a standard feature in many heavy-duty trucks and buses, further driving the demand for effective charge air cooling solutions. As turbocharged engines continue to gain prominence, the market for commercial vehicles charge air coolers is set to expand.

Rising Demand for Commercial Vehicles

The global demand for commercial vehicles, including trucks, buses, and vans, is on the rise. Several factors contribute to this growth, such as increased urbanization, expanding e-commerce, and the need for efficient transportation of goods and passengers. As commercial vehicle production and sales increase, the demand for charge air coolers follows suit. Charge air coolers are integral components in commercial vehicles, helping them meet emissions standards and improve fuel efficiency. As a result, commercial vehicle manufacturers prioritize the integration of these components into their vehicle designs. This growing demand for commercial vehicles drives the market for charge air coolers, both in terms of volume and technological advancements. Moreover, as economies grow and infrastructure development continues, the need for heavy-duty commercial vehicles for construction, logistics, and public transportation rises. These vehicles rely on charge air coolers to optimize engine performance and meet stringent emissions regulations. Consequently, the commercial vehicles CAC market is expected to experience continued growth in response to the increasing demand for commercial vehicles globally.

Technological Advancements and Innovation

Continuous technological advancements and innovation in charge air cooling systems are driving significant developments in the commercial vehicles CAC market. Manufacturers are consistently exploring ways to improve the design, materials, and efficiency of charge air coolers to meet evolving automotive requirements. Innovations in materials and manufacturing techniques are at the forefront of this trend. Advanced materials, such as lightweight alloys and composite materials, are being used to optimize charge air cooler design. These materials contribute to weight reduction, which is crucial in commercial vehicles for better fuel efficiency and payload capacity. Manufacturing processes are also evolving, with innovations like 3D printing and precision engineering being applied to create more efficient and cost-effective charge air coolers. Thermal management systems and heat exchanger designs are continuously improved to enhance cooling efficiency. As commercial vehicle manufacturers seek solutions that offer higher performance and meet emissions standards, charge air cooler suppliers must innovate to remain competitive. This trend fosters a culture of continuous improvement and pushes the boundaries of charge air cooler technology.

Increased Focus on Sustainability and ESG Initiatives

Environmental, social, and governance (ESG) initiatives are gaining prominence in the business world, and the commercial vehicle industry is no exception. Companies are under increasing pressure to reduce their carbon footprint and operate sustainably. This shift toward sustainability is driving the demand for eco-friendly transportation solutions, including commercial vehicles equipped with efficient charge air cooling systems. Charge air coolers play a crucial role in enhancing the sustainability of commercial vehicles by reducing emissions and improving fuel efficiency. As a result, commercial vehicle operators and manufacturers are increasingly investing in these components to align with their ESG goals. Sustainability initiatives often involve regulatory compliance and certifications related to emissions and environmental impact. Charge air coolers contribute to meeting these requirements by helping commercial vehicles adhere to emissions standards. This driver encourages the adoption of advanced charge air cooling solutions that enhance sustainability. Furthermore, consumers and stakeholders are becoming more conscious of the environmental impact of transportation, leading to a growing demand for greener commercial vehicles. Charge air coolers, by improving emissions performance, are a vital component in meeting these expectations.


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Key Market Challenges

Stringent Emissions Regulations and Compliance

One of the primary challenges facing the global commercial vehicles CAC market is the ever-increasing stringency of emissions regulations and the need for compliance. Governments and regulatory bodies worldwide are implementing stricter emissions standards to combat air pollution and reduce greenhouse gas emissions. Commercial vehicles, particularly heavy-duty trucks and buses, are significant contributors to emissions, making them a focal point for emissions reduction efforts. Charge air coolers are vital components for improving engine performance and reducing emissions in commercial vehicles. They cool the compressed air entering the engine, which increases air density, promotes more efficient combustion, and reduces emissions of pollutants such as nitrogen oxides (NOx) and particulate matter (PM). While this is beneficial, it also poses a challenge for manufacturers to continually innovate and develop CAC systems that can meet the evolving emissions standards. Compliance with these regulations often requires significant research and development efforts and may result in increased costs associated with designing and manufacturing advanced charge air coolers. Manufacturers must continuously invest in research and development to ensure their products not only meet current standards but can also adapt to future regulatory changes. Additionally, the need for emissions compliance adds complexity to the commercial vehicle industry, as manufacturers must carefully balance performance, fuel efficiency, and emissions reduction. Meeting these diverse requirements while maintaining cost-effectiveness presents a significant challenge.

Rapid Technological Advancements and Innovation

While technological advancements drive the commercial vehicles CAC market, they also pose a challenge for manufacturers and suppliers. The rapid pace of innovation in charge air cooling systems necessitates a continuous commitment to research and development and staying ahead of the competition. Advanced materials, manufacturing techniques, and design concepts are continuously evolving, demanding investments in new technologies and processes. Manufacturers must balance the need for innovation with cost-effectiveness to remain competitive. Additionally, as commercial vehicle manufacturers incorporate new technologies, such as higher-efficiency turbochargers and advanced engine management systems, CAC suppliers must adapt their products to integrate seamlessly with these advancements. This involves close collaboration with commercial vehicle manufacturers, which can be complex and resource intensive. Furthermore, the constant evolution of cooling technology requires a skilled workforce capable of designing, manufacturing, and maintaining advanced CAC systems. The challenge here lies in attracting and retaining talent in a highly competitive industry.

Customization for Diverse Commercial Vehicle Applications

Commercial vehicles encompass a wide range of applications, from long-haul trucks to buses, delivery vans, and construction equipment. Each of these applications has unique cooling requirements based on factors such as engine size, power output, load capacity, and operating conditions. The challenge for CAC manufacturers lies in developing modular and customizable solutions that cater to the diverse needs of commercial vehicle manufacturers. Meeting these diverse requirements while maintaining cost-effectiveness can be complex. Customization also involves close collaboration with commercial vehicle manufacturers to ensure that CAC systems seamlessly integrate into each vehicle's unique architecture, optimizing performance and efficiency. This can be resource-intensive and requires ongoing communication and coordination. Additionally, as commercial vehicle applications evolve and new types of vehicles emerge, CAC manufacturers must adapt their products to serve these emerging markets. This requires a proactive approach to market research and development.

Cost-Effectiveness and Price Pressure

Cost-effectiveness is a critical challenge in the commercial vehicles CAC market, driven by several factors. Price pressure from commercial vehicle manufacturers and operators requires CAC manufacturers to produce high-quality, efficient components while keeping costs in check. Innovations in materials and manufacturing processes have the potential to increase costs, especially when transitioning to more advanced and lightweight materials. Striking the right balance between advanced materials and cost-effectiveness is a constant challenge. Furthermore, competitive pricing in the commercial vehicle industry demands efficient production processes and supply chain management. Price fluctuations in raw materials and global economic conditions can impact manufacturing costs, adding complexity to cost management. Commercial vehicle manufacturers often seek cost reductions in their components, including CAC systems, which puts pressure on suppliers to optimize manufacturing and production costs.

Environmental Impact and Sustainability

Environmental impact and sustainability are increasingly important considerations for the commercial vehicle industry. As pressure mounts to reduce carbon footprints and operate sustainably, manufacturers and operators are looking for more eco-friendly transportation solutions. While CAC systems contribute to emissions reduction by improving engine efficiency, the manufacturing and disposal of these components can have environmental impacts. This challenge requires CAC manufacturers to adopt sustainable practices throughout the product lifecycle, from material selection and manufacturing to end-of-life recycling or disposal. Regulatory requirements related to eco-friendliness, such as restrictions on hazardous materials and waste disposal, can also add complexity to CAC manufacturing processes. Additionally, as sustainability becomes a selling point for commercial vehicles, CAC manufacturers must align their products with the industry's sustainability goals. This may involve developing eco-friendly materials, reducing waste, and minimizing the environmental footprint of CAC production.

Key Market Trends

Rising Demand for Fuel Efficiency and Emissions Compliance

A prominent and enduring trend in the global commercial vehicles charge air cooler market is the increasing demand for improved fuel efficiency and compliance with stringent emissions regulations. Commercial vehicle operators are under constant pressure to reduce operating costs, and fuel consumption represents a significant portion of these costs. As a result, there is a growing emphasis on technologies that enhance engine efficiency and reduce fuel consumption. Charge air coolers play a pivotal role in this context by improving engine performance. They cool the compressed air entering the engine, increasing its density and promoting more efficient combustion. This leads to reduced fuel consumption and lower emissions of pollutants such as nitrogen oxides (NOx) and particulate matter (PM). Moreover, stringent emissions regulations worldwide, such as Euro VI in Europe and EPA regulations in the United States, mandate compliance by limiting the allowable levels of harmful emissions. Commercial vehicle manufacturers are incorporating charged air coolers to meet these standards effectively. As the demand for fuel-efficient and environmentally compliant commercial vehicles continues to grow, charge air coolers remain essential components, driving innovation in the industry to achieve better fuel economy and emissions reduction.

Integration with Advanced Engine Technologies

Another significant trend in the commercial vehicles charge air cooler market is the integration of these cooling systems with advanced engine technologies. Modern commercial vehicles are equipped with increasingly sophisticated powertrains, including turbocharged engines and exhaust gas recirculation (EGR) systems. These advanced technologies aim to optimize engine performance and reduce emissions. Charge air coolers are critical components in these advanced engine setups. Turbocharged engines, which are becoming more common in commercial vehicles, generate higher levels of compressed air. Charge air coolers are necessary to ensure that this compressed air remains at the ideal temperature for efficient combustion, supporting enhanced engine performance. Furthermore, EGR systems are employed to reduce NOx emissions by recirculating exhaust gases into the combustion process. These systems generate additional heat within the engine, necessitating more efficient cooling to maintain optimal operating temperatures. Charge air coolers are instrumental in managing this increased heat load. The integration of charge air coolers with these advanced engine technologies reflects the market's responsiveness to the evolving needs of commercial vehicle manufacturers striving for improved performance and emissions control.

Materials Advancements for Efficiency and Durability

Materials advancements in charge air cooler design represent a notable trend in the market. Charge air coolers are subjected to harsh operating conditions, including high temperatures and thermal cycling, making material selection crucial for performance and longevity. Manufacturers are increasingly turning to advanced materials to enhance the efficiency and durability of charge air coolers. High-strength aluminum alloys and heat-resistant composites are favored choices, offering improved heat transfer properties, reduced weight, and corrosion resistance. These materials contribute to better overall cooling system efficiency. Moreover, specialized coatings and surface treatments are applied to charge air cooler components to further enhance their thermal performance and prevent corrosion and fouling. These innovations extend the service life of charge air coolers and reduce maintenance requirements. As materials science and engineering continue to advance, the commercial vehicles charge air cooler market is witnessing a trend toward more efficient and robust cooling solutions that can withstand the rigors of heavy-duty commercial vehicle operation.

Customization for Diverse Commercial Vehicle Applications

Customization and application-specific designs are gaining prominence in the commercial vehicles charge air cooler market. Commercial vehicles encompass a wide range of applications, from long-haul trucks and buses to construction equipment and delivery vans. Each of these applications has unique cooling requirements based on factors such as engine size, load capacity, and operating conditions. Charge air cooler manufacturers are responding to this diversity by offering modular and customizable solutions. These designs allow commercial vehicle manufacturers to select charge air coolers tailored to their specific needs. For instance, heavy-duty trucks may require larger and more robust charge air coolers to handle the higher heat loads generated during long-distance hauling. In contrast, light-duty delivery vans may prioritize compact and cost-effective cooling solutions. Additionally, close collaboration between charge air cooler suppliers and commercial vehicle manufacturers is becoming more common. This partnership ensures that charge air coolers seamlessly integrate into each vehicle's unique architecture, optimizing performance and efficiency. The trend toward customization reflects the market's recognition of the diverse needs within the commercial vehicle sector and the importance of tailoring charge air cooling solutions accordingly.

Digitalization and Connectivity for Maintenance and Efficiency

Digitalization and connectivity are transforming the commercial vehicles charge air cooler market by enabling data-driven maintenance practices and enhancing cooling system efficiency. Modern commercial vehicles are equipped with sensors and monitoring systems that continuously collect data on various components, including charge air coolers. This trend allows fleet operators and maintenance teams to access real-time data on the performance and condition of charge air coolers. Advanced analytics and predictive maintenance algorithms can then analyze this data to detect anomalies, assess cooling efficiency, and predict potential issues or failures. By adopting data-driven maintenance practices, commercial vehicle operators can reduce downtime, optimize maintenance schedules, and prevent costly breakdowns. Moreover, this approach contributes to greater overall vehicle efficiency by ensuring that charge air coolers operate at peak performance levels. The integration of connectivity features into charge air cooler designs further enhances data collection and communication capabilities. This connectivity enables remote monitoring, diagnostics, and even over-the-air updates to cooling systems.

Segmental Insights

Type Analysis

The air-cooled charge air cooler category generated the most revenue globally. An air-cooler, also known as a direct charge cooler, is a type of Commercial Vehicles charge air cooler that is commonly utilized on the market. The charge air is cooled by external ambient air in this arrangement. Air-cooled coolers have several advantages, including low cost and weight, design simplicity, enhanced dependability, and ease of operation. As a result, these charge coolers can be employed in a wide range of Commercial Vehicles applications. Furthermore, the cooling provided by these air coolers is adequate, making them the preferred choice of OEMs. The liquid-cooled charge air cooler category is expected to grow at the fastest rate during the projected period.

A liquid-cooled or indirect charge air cooler provides charge-air thermal management by managing coolant flow and also aids in reducing air volume between the compressor of the turbocharger and the engine's intake ports. The liquid-cooled charge air cooling technology substitutes the traditional air-to-air cooling technique with a more advanced system that includes a temperature cooling circuit, a coolant circulation pump, and a liquid-cooled air charge cooler. This charge air cooler assists engine makers in meeting emission regulations while also improving engine output.


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Regional Insights

Asia Pacific dominated the industry, accounting for the biggest proportion of worldwide revenue. Asia Pacific countries include China and India, which are among the fastest growing in terms of population and GDP. Asian businesses and economies are growing, creating a high demand for products such as automobiles. Countries such as Japan and South Korea are home to some of the world's top automakers. Over the forecast period, North America is expected to develop at the fastest CAGR. The United States has the largest car market in North America. The Commercial Vehicles market in the United States is mature.

According to the Center for Auto Research (CAR), US auto output will total 12.2 million vehicles. The institute also forecasts that auto sales in the United States will reach 17.6 million units by 2028. The Commercial Vehicles industry is one of Canada's main industrial sectors. It is responsible for 10% of manufacturing GDP and 23% of manufacturing trade. The Commercial Vehicles sector manufactures passenger vehicles, trucks and buses, truck bodies and trailers, auto parts and systems, and so on.

Recent Developments

  • MAHLE GmbH finalized the acquisition of Behr Hella Service in July 2020. The acquisition was made to expand the company's Aftermarket product line. MAHLE is anticipated to continue managing Behr Hella Service's thermal management business on its own in the future. As a result, the company's Aftermarket business is intended to be constantly aligned with strong original equipment competences, particularly in lighting and electronics.
  • Dana Incorporated stated in November 2020 that it has signed into a formal agreement to purchase a division of Modine Manufacturing Company's Commercial Vehicles segment's thermal management business.
  • Calsonic Kansei, a Japanese firm, merged with Marelli in May 2019. Both companies are working to achieve integrated energy management by leveraging their power electronics technologies, which provide world-leading inverter production as well as a diverse range of technologies and products for air conditioning, heat exchangers, exhaust, and other heat-related areas.
  • Hanon Systems announced in March 2021 that it has commenced building on its fifth factory in Korea. This new plant will be developed on a site with an area of roughly 33,000 square meters (approximately 335,000 square feet).

Key Market Players

  • Dana Ltd.
  • TRAD Co., Ltd,
  • Valeo
  • Modine Manufacturing Company
  • MAHLE GmbH
  • AKG Group
  • Hanon Systems
  • Banco Products (India) Ltd.
  • Sterling Thermal Technology
  • Radicon Company Ltd. 

By Type

By Design Type

By Region

  • Air Cooled
  • Liquid Cooled
  • Fin & Tube
  • Bar & Plate
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Commercial Vehicles Charge Air Cooler Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Commercial Vehicles Charge Air Cooler Market, By Type:

o   Air Cooled

o   Liquid Cooled

  • Commercial Vehicles Charge Air Cooler Market, By Design Type:

o   Fin & Tube

o   Bar & Plate

  • Commercial Vehicles Charge Air Cooler Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicles Charge Air Cooler Market.

Available Customizations:

Global Commercial Vehicles Charge Air Cooler market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Commercial Vehicles Charge Air Cooler Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Commercial Vehicles Charge Air Cooler Market

5.    Global Commercial Vehicles Charge Air Cooler Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Air cooled, Liquid cooled)

5.2.2.    By Design Type Market Share Analysis (Fin& Tube, Bar & Plate)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe & CIS Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value & Volume, 2022)

5.3.  Global Commercial Vehicles Charge Air Cooler Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Design Type Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Commercial Vehicles Charge Air Cooler Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Design Type Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Commercial Vehicles Charge Air Cooler Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Design Type Market Share Analysis

6.3.2.    India Commercial Vehicles Charge Air Cooler Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Design Type Market Share Analysis

6.3.3.    Japan Commercial Vehicles Charge Air Cooler Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Design Type Market Share Analysis

6.3.4.    Indonesia Commercial Vehicles Charge Air Cooler Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type Market Share Analysis

6.3.4.2.2.           By Design Type Market Share Analysis

6.3.5.    Thailand Commercial Vehicles Charge Air Cooler Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type Market Share Analysis

6.3.5.2.2.           By Design Type Market Share Analysis

6.3.6.    South Korea Commercial Vehicles Charge Air Cooler Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Type Market Share Analysis

6.3.6.2.2.           By Design Type Market Share Analysis

6.3.7.    Australia Commercial Vehicles Charge Air Cooler Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Type Market Share Analysis

6.3.7.2.2.           By Design Type Market Share Analysis

7.    Europe & CIS Commercial Vehicles Charge Air Cooler Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Design Type Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Russia Market Share Analysis

7.2.3.5.        Italy Market Share Analysis

7.2.3.6.        United Kingdom Market Share Analysis

7.2.3.7.        Belgium Market Share Analysis

7.2.3.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Commercial Vehicles Charge Air Cooler Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Design Type Market Share Analysis

7.3.2.    Spain Commercial Vehicles Charge Air Cooler Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Design Type Market Share Analysis

7.3.3.    France Commercial Vehicles Charge Air Cooler Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Design Type Market Share Analysis

7.3.4.    Russia Commercial Vehicles Charge Air Cooler Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Design Type Market Share Analysis

7.3.5.    Italy Commercial Vehicles Charge Air Cooler Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Design Type Market Share Analysis

7.3.6.    United Kingdom Commercial Vehicles Charge Air Cooler Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type Market Share Analysis

7.3.6.2.2.           By Design Type Market Share Analysis

7.3.7.    Belgium Commercial Vehicles Charge Air Cooler Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Type Market Share Analysis

7.3.7.2.2.           By Design Type Market Share Analysis

8.    North America Commercial Vehicles Charge Air Cooler Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Design Type Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Mexico Market Share Analysis

8.2.3.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Commercial Vehicles Charge Air Cooler Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Design Type Market Share Analysis

8.3.2.    Mexico Commercial Vehicles Charge Air Cooler Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Design Type Market Share Analysis

8.3.3.    Canada Commercial Vehicles Charge Air Cooler Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Design Type Market Share Analysis

9.    South America Commercial Vehicles Charge Air Cooler Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Design Type Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Argentina Market Share Analysis

9.2.3.3.        Colombia Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Commercial Vehicles Charge Air Cooler Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Design Type Market Share Analysis

9.3.2.    Colombia Commercial Vehicles Charge Air Cooler Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Design Type Market Share Analysis

9.3.3.    Argentina Commercial Vehicles Charge Air Cooler Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Design Type Market Share Analysis

10. Middle East & Africa Commercial Vehicles Charge Air Cooler Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Design Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     South Africa Market Share Analysis

10.2.3.2.     Turkey Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Commercial Vehicles Charge Air Cooler Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Design Type Market Share Analysis

10.3.2. Turkey Commercial Vehicles Charge Air Cooler Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Design Type Market Share Analysis

10.3.3. Saudi Arabia Commercial Vehicles Charge Air Cooler Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Design Type Market Share Analysis

10.3.4. UAE Commercial Vehicles Charge Air Cooler Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Design Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Dana Ltd.

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. TRAD Co., Ltd,

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Valeo S.A

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Modine Manufacturing Company

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. MAHLE GmbH

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. AKG Group

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Hanon Systems

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Banco Products (India) Ltd.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Sterling Thermal Technology

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Radicon Company Ltd

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Commercial Vehicles Charge Air Cooler Market was estimated to be USD 2 billion in 2022.

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The air-cooled charge air cooler category generated the most revenue globally. An air-cooler, also known as a direct charge cooler, is a type of Commercial Vehicles charge air cooler that is commonly utilized on the market. The charge air is cooled by external ambient air in this arrangement. Air-cooled coolers have several advantages, including low cost and weight, design simplicity, enhanced dependability, and ease of operation. As a result, these charge coolers can be employed in a wide range of Commercial Vehicles applications. Furthermore, the cooling provided by these air coolers is adequate, making them the preferred choice of OEMs. The liquid-cooled charge air cooler category is expected to grow at the fastest rate during the projected period.

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Asia Pacific dominated the industry, accounting for the biggest proportion of worldwide revenue. Asia Pacific countries include China and India, which are among the fastest growing in terms of population and GDP. Asian businesses and economies are growing, creating a high demand for products such as automobiles. Countries such as Japan and South Korea are home to some of the world's top automakers. Over the forecast period, North America is expected to develop at the fastest CAGR. The United States has the largest car market in North America. The Commercial Vehicles market in the United States is mature.

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Proliferation of Turbocharged Engines, Rising Demand for Commercial Vehicles, Technological Advancements and Innovation and Increased Focus on Sustainability and ESG Initiatives are the major drivers for the Global Commercial Vehicles Charge Air Cooler Market.

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Srishti Verma

Business Consultant
Press Release

Commercial Vehicles Charge Air Cooler Market to Grow with a CAGR of 6.51% Globally through to 2028

Nov, 2023

Proliferation of Turbocharged Engines, Rising Demand for Commercial Vehicles, Technological Advancements and Innovation and Increased Focus on Sustainability and ESG Initiatives are factors driving t