Summary

The automotive EGR cooler market is expected to grow at a steady CAGR of around 5% during the forecast period (2022-2030).The automobile EGR system is a crucial piece of technology for the emission control of automobiles. EGR system basically recycles exhaust gas through the EGR cooler and sends it back to the engine to burn with the new fuel, resulting in emission cut by burning exhaust more thoroughly and also results in boosting up the fuel efficiency, additionally, it also protects the engine and enhances its life by lowering combustion temperature with cooled exhaust gas. Furthermore, EGR systems are vital in an engine as it is used for cutting down the NOx gas emissions from the vehicle which are highly toxic, contributing to smog, acid rains, and health problems due to poor air quality in populated areas. Moreover, today most engines have EGR systems, but rising demand for passenger cars across segments along with stringent government laws over tailpipe emissions across the world is boosting the demand for EGR systems in vehicles more so ever than before. For instance, on April 2023, the Bharat stage 6 (BS6) emission norms has come into effect in India where while the BS4 emission norms allow a motor vehicle to emit not more than 80mg/km of NO2 (nitrogen oxides), the BS6 emission norms have reduced it to 60mg/km. The Particulate Matter (PM) for petrol vehicles has been restricted to 4.5mg/km in the BS6 emission regime.

Some of the major players operating in the market include DENSO CORPORATION; BorgWarner Inc; MAHLE GmbH; Valeo; ACDelco; AMBAC International; MODINE MANUFACTURING COMPANY; Kelvion Holding GmbH; Senior Flexonics; and Nissens Automotive A/S.

Insights Presented in the Report
Based on application, the market is segmented into passenger vehicles, commercial vehicles, and off-highway vehicles. Among these, passenger vehicles hold a significant market share owing to the fact that they are one of the most common modes of transportation around the world especially in developed countries. Moreover, rising working populations have increased both income as well as the need for mobility which is further boosting the demand for passenger vehicles. Furthermore, rapid urbanization and increased capital expenditure on the infrastructure by the governments are also one of major drivers boosting the demand for passenger vehicles across the world.

“Asia Pacific dominated the automotive EGR cooler market in 2021.”
The automotive EGR cooler market in the Asia Pacific region is going to grow at a significant CAGR throughout the forecast period. Major countries in the Asia Pacific like India, China, Vietnam, etc are going to be the huge market for automotive EGR coolers owing to the increasing economic growth rate in these countries which are some of the fastest growing economies in the world, driving the consumption with increasing income, and automobile sectors have been proven to be the biggest beneficiaries of these trends as it has happened in past in the developed world. Moreover, China is still among one of the largest automobile markets and the same things can happen in other Asia Pacific countries owing to its huge population and increased mobility with the working population on the rise driving the rate of urbanization which is also a major driver for the demand in the automobile sector. For instance, on February 2023, the Indian government presented a budget where they announced a whopping 37.4% increase in capital expenditure on infrastructure to USD 125 billion for the year 2023-24.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global automotive EGR cooler market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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