Global EGR Cooler Market Outlook 2020-2027 - COVID-19 Impact and Analysis by Type, Engine, Vehicle and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "EGR Cooler Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type; Engine Type; Vehicle Type" report has been added to ResearchAndMarkets.com's offering.

The global exhaust gas regulation (EGR) cooler market was valued at US$ 511.6 million in 2019 and is projected to reach US$ 527.8 million by 2027; it is expected to grow at a CAGR of 1.5% from 2020 to 2027.

With the emergence of environmental issues such as global warming, automobile exhaust gas regulations are being tightened. As a result, various exhaust gas reduction technologies are being developed in various countries to meet the regulations pertaining to exhaust emissions.

EGR coolers were earlier mass-produced using stainless steel, but the material is heavy and costly. The coolers nowadays need to deliver high performance and meet the compactness levels to satisfy the current pollution regulations. The addition of aluminum to the stainless steel EGR coolers leads to efficient heat transfer due to the high heat transfer coefficient of the metal; moreover, the products are light in weight. Thus, in the future, materials like aluminum are likely to become a viable option for the materials used to produce the traditional EGR coolers.

The EGR cooler market in North America is primarily driven by factors such as the rising number of passenger cars, growing transportation infrastructure, and increasing awareness about robust features of EGR coolers. Thus, the market in the region is witnessing numerous developments in smartphone-controlled audio systems and voice-enabled audio systems, among others. As per the Organization International des Constructeurs d'Automobiles (OICA), the production of commercial vehicles in the US increased in 2019, compared to that in 2018, which is noted to be ~12,764,999 in numbers. Thus, the continuous increase in the number of commercial vehicles in the US raises the demand for EGR coolers.

The EGR cooler market is highly fragmented and competitive. As leading companies in this market continue to broaden their reach, by expanding current offerings and diversifying client base; this is adding to the competition among prominent, as well as emerging, players. Several companies in the market are developing new products to retain their position in the market; this also enables them to offer efficient products to their customers. For instance, in October 2018, BorgWarner, Inc., introduced an EGR system that helps automakers in meeting rising emission standards. The system helps cut down NOx emissions for various diesel-driven vehicles. It comes in a compact package that unites several technologies, including an EGR cooler, a bypass, and an EGR valve.

The key companies profiled in the EGR cooler market include Benteler Automotive, BorgWarner Inc., Continental AG, Denso Corporation, ERAE Automotive Systems Co., Ltd., Faurecia, Hanon Systems, Korens Co. Ltd., MAHILE GmbH, Maruyasu Industries Co., Ltd., Tokyo Radiator MFG. Co., Ltd, Tokyo Roki Co. Ltd., Rheinmetall Automotive AG, Senior Flexonics, and Valeo SA.

Key Topics Covered

1. Introduction

1.1 Study Scope

1.2 Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. EGR Cooler Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America - PEST Analysis

4.2.2 Asia-Pacific - PEST Analysis

4.2.3 Europe - PEST Analysis

4.2.4 Middle East & Africa - PEST Analysis

4.2.5 South America - PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. EGR Cooler - Market Dynamics

5.1 Market Drivers

5.1.1 Penetration into Gasoline Engine

5.1.2 Increasing Emission Norms and CAF Standards

5.2 Market Restraints

5.2.1 Electric and Hybrid Powertrain

5.3 Market Opportunities

5.3.1 Modular EGR Cooler

5.4 Future Trends

5.4.1 Mounting Focus on the Integration of Light Weight EGR Coolers

5.5 Impact Analysis of Drivers and Restraints

6. EGR Cooler Market - Global Market Analysis

6.1 EGR Cooler Market Overview

6.2 EGR Cooler Market - Revenue and Forecast to 2027 (US$ Million)

6.3 Market Positioning - Global Key Players

7. EGR coolers Market Analysis - By Type

7.1 Overview

7.2 EGR Coolers Market Breakdown, by Type, 2019 & 2027

7.3 Tube EGR Coolers

7.4 Finned EGR Coolers

8. EGR Coolers Market Analysis - By Engine Type

8.1 Overview

8.2 EGR Coolers Market Breakdown, by Engine Type, 2019 & 2027

8.3 Diesel Engine

8.4 Gasoline Engine

9. EGR Coolers Market Analysis - By Vehicle Type

9.1 Overview

9.2 EGR Coolers Market Breakdown, by Vehicle Type, 2019 & 2027

9.3 Passenger Vehicles

9.4 Commercial Vehicles

10. EGR Coolers Market - Geographic Analysis

10.1 Overview

10.2 North America: EGR Coolers Market

10.3 Europe: EGR Coolers Market

10.4 APAC: EGR Coolers Market

10.5 Middle East & Africa: EGR Coolers Market

10.6 SAM: EGR Coolers Market

11. Impact of Coronavirus Outbreak

11.1 Impact of COVID-19 Pandemic on the Global EGR Cooler Market

12. Industry Landscape

12.1 Market Initiatives

12.2 Mergers & Acquisitions

12.3 New Product Developments

13. Company Profiles

13.1 Benteler Automotive

13.2 BorgWarner Inc.

13.3 ERAE Automotive Systems Co. Ltd.

13.4 Faurecia

13.5 Hanon Systems

13.6 KORENS Co. Ltd.

13.7 Maruyasu Industries Co. Ltd.

13.8 Tokyo Radiator MFG. Co. Ltd.

13.9 Tokyo Roki Co. Ltd.

13.10 Senior Flexonics

13.11 Valeo

13.12 MAHLE GmbH

13.13 Rheinmetall Automotive AG

13.14 Denso Corporation

13.15 Continental AG

For more information about this report visit https://www.researchandmarkets.com/r/xjl1g5