Middle East & Africa Automotive Charge Air Cooler Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – Type (Air-Cooled Charge Air Cooler and Liquid-Cooled Charge Air Cooler), Fuel Type (Gasoline and Diesel), Core Type (Tube, Fin, bar and Plate), and Vehicle Type (Passenger Cars, LCV, Trucks and Buses)
The automotive charge air cooler market in MEA is expected to grow from US$ 121.29 million in 2022 to US$ 152.27 million by 2028. It is estimated to grow at a CAGR of 3.9% from 2022 to 2028.
Implementation of fuel-efficient engines
The constant search to reduce fuel consumption and reduced exhaust emissions has constantly resulted in engine development. In particular, the tendency to reduce the size of high efficiency motors has led to a continuous increase in the specific component loads. With the replacement of large displacement engines with small, turbocharged engines, the requirement for thermal management has also evolved. Thus, an increasingly important position in the development process of high-performance engines has fueled the demand for charge air coolers as well. Fuel efficiency depends on many parameters of a vehicle, including engine specifications, aerodynamic drag, weight, AC usage, fuel and rolling resistance. There have been advances in all areas of vehicle design over the past few decades. Fuel efficiency of vehicles can also be improved by careful maintenance and driving habits. Hybrid vehicles use two or more energy sources for propulsion. In many designs, a small combustion engine is combined with electric motors. Kinetic energy lost due to heat during braking is recovered as electrical power to improve fuel efficiency. Engines automatically stops when the vehicle come to a stop and start again when the accelerator is pressed preventing wasted energy from idling. These factors provide lucrative opportunity for the growth of automotive charge air cooler market.
Market Overview
The major leading countries, such as Saudi Arabia, Kuwait, and Qatar, dominate the demand for the automotive charge air cooler market. The automotive charge air cooler market in the Middle East & Africa is expected to grow at a significant CAGR during the forecast period. The sale of vehicles has increased steadily in recent years in the Middle East & Africa region, growing at an estimated 36%, with Saudi Arabia as the leading market in the region. Notably, in 2020, Saudi Arabia accounted for almost 52% of total vehicle sales in the Gulf Cooperation Council (GCC) and 35% in the Middle East & North Africa region. Strategic initiatives and development plans to modernize the automotive industry and drive national transformation have enticed several charge air cooler manufacturers to establish the business in the region. For instance, TMD Friction, one of the world's leading brake technology companies, has created a representative office in Dubai. The new office, located in the Dubai Airport Freezone, marks a significant turning point: from here, the whole aftermarket business for the Middle East and Africa will be managed. With a specialized portfolio, the goal is to build new markets in the region.
MEA Automotive Charge Air Cooler Market Revenue and Forecast to 2028 (US$ Million)
MEA Automotive Charge Air Cooler Market Segmentation
The MEA 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 MEA 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 MEA 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 MEA 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 South Africa, Saudi Arabia, UAE, and Rest of MEA. South Africa dominated the market share in 2022. AKG Group, Dana Limited, Delphi Technologies Plc (BORGWARNER INC.), DuPont, Hanon Systems, Mahle GmbH, Modine Manufacturing Company, and Valeo are the leading companies operating in the automotive charge air cooler market in the region.
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Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the automotive charge air cooler market, as well as those hindering it
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