According to a new report published by UnivDatos Markets Insights, the automotive EGR cooler market was valued at USD xx million in 2021 & is expected to grow at a CAGR of 5% from 2022-2030. The analysis has been segmented into type (Shell & Tube Coolers and Fin & Tube Coolers), Application (Passenger Vehicles, Commercial Vehicles, and Off-Highway Vehicles), engine type (Diesel Engines and Gasoline Engines), sales channel (OEMs and Aftermarket), and  Region/Country.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/report/automotive-egr-cooler-market/get-a-free-sample-form.php?product_id=39042

The automotive EGR cooler market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive EGR cooler market. The automotive EGR cooler market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automotive EGR cooler market at the global and regional levels.

Key Market Opportunities

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.

COVID-19 Impact

The Covid-19 pandemic has had a significant impact on the automotive EGR cooler market. As the government enforced strict lockdowns across the globe stopping economic activities all over resulting into halt in manufacturing where manufacturers had to shut down their operations which also further escalated into labor crisis and unemployment problem, also since china is the major manufacturer and supplier of different critical parts to the world, was the first-most country that was affected by the COVID-19 crisis has further led to supply chain problem. Furthermore, mobility was also been halted and most of the professionals started working from home has dampened the demand for very long duration manufacturers, as well as suppliers, incurred huge losses and some had gone bankrupt. On the flip side as the economies are opening once again and things are getting back to normal demand is coming back and that to in bulk owing to huge pent up demand as well increased number of people who are considering of owning a vehicle and avoid any kind of public modes of transportation.

Segmentation Details:

·         Based on type, the market is bifurcated into Shell & Tube coolers and Fin & Tube coolers. Among the two the fin & tube type EGR coolers held a significant market share in the year 2021.

·         Based on application, the market is segmented into passenger vehicles, commercial vehicles, and off-highway vehicles. Among these, the passenger vehicle segment held a significant market share  in  year 2021.

·         Based on the engine type, the market is bifurcated into diesel engines and gasoline engines. Among the two the gasoline-powered engine holds the dominating market share amongst the two in 2021.

·         Based on sales channel type, the market is segmented into OEMs and aftermarkets. The OEMs held the majority of the market share in the year 2021.

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Automotive EGR Cooler Market Geographical Segmentation Includes:

·         North America (U.S., Canada, and the Rest of North America)

·         Europe (Germany, UK, Spain, France, Italy, Rest of Europe)

·         Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)

·         Rest of the World

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 and increased government capital expenditure on infrastructure, 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.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the automotive EGR cooler market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·         On April 2019, MS Motorservice International GmbH, announced that it has expanded its product portfolio with three new EGR cooler modules which cover a wide range of Volkswagen AG passenger car models with diesel engines. The new EGR cooler modules in OEM quality thus open up a market potential of over 8 million vehicles according to the company.

·         On November 2020, MAN Energy Solutions announced that it is to offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine. EGR is a NOx-emissions-reduction technique that ensures IMO Tier III compliance in both diesel and gas modes. MAN Energy Solutions reports that EGR will enable the ME-GA to reduce specific gas consumption by ~3%, and specific fuel-oil consumption by 5%. It will also significantly reduce methane slip by 30 to 50% and solve the issue related to pre-ignition on Otto-cycle engines.        

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the automotive EGR cooler market?

• Which factors are influencing the automotive EGR cooler market over the forecast period?

• What are the global challenges, threats, and risks in the automotive EGR cooler market?

• Which factors are propelling and restraining the automotive EGR cooler market?

• What are the demanding global regions of the automotive EGR cooler market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

• What are the descriptive profiles of key companies along with their SWOT analysis?

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Target Audience:

·         Raw material providers

·         Service providers

·         Market-related associations, organizations, forums, and alliances

·         Government bodies, such as regulating authorities and policymakers

·         Venture capitalists, private equity firms, and start-up companies

·         Distributors and sales firms

·         Research institutes, organizations, and consulting companies

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