Automotive Exhaust Gas Recirculation (EGR) Coolers Market

Automotive Exhaust Gas Recirculation (EGR) Coolers Market Outlook – 2027 

The negative effects of hazardous vehicular emissions have led to stringent emission regulations and emission standards. Moreover, the automotive exhaust gas recirculation (EGR) coolers play a vital role in improving emission standards in diesel and petrol vehicles. The automotive exhaust gas recirculation (EGR) coolers are employed in a vehicle to cool the engine’s exhaust system with the help of coolant. Besides, the automotive exhaust gas recirculation (EGR) coolers reduce the coolant volume and increases its density before returning the cooled exhaust gas back to the engine’s intake air. The automotive exhaust gas recirculation (EGR) coolers reduce combustion temperatures that produce oxides of nitrogen. 

COVID-19 scenario analysis: 

• The coronavirus outbreak has heavily impacted OEMs and parts suppliers with stoppage in production capacity.
• The massive crisis has impacted the vehicle trailer hitch market due to decrease in sales of new vehicles.
• The pandemic situation is anticipated to worsen the auto industry. Besides, tougher CO2 emissions standards and slowdown of investments in new technologies.
• Additionally, positive environmental effect of lockdown is expected to propel the demand for zero-emission vehicle. 
• With rise in sales and production of zero-emission vehicles, the demand for automotive exhaust gas recirculation (EGR) coolers would hamper.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The rise in production and sales of vehicles is driving the market of automotive exhaust gas recirculation (EGR) coolers. Besides, stringent government norms for emission standards are propelling market growth. Additionally, new emission standards for vehicle manufacturing is increasing the demand for automotive exhaust gas recirculation (EGR) coolers. However, high maintenance and replacement costs of exhaust gas recirculation (EGR) coolers are restraining market growth. Furthermore, technological developments are anticipated to proliferate the exhaust gas recirculation (EGR) coolers market growth. 

The Global Automotive Exhaust Gas Recirculation (EGR) Coolers market trends are as follows:

Recall notices to restrain the market

An exhaust gas recirculation (EGR) cooler is used to lower the temperature of the exhaust gases in an IC engine. However, malfunctioning of exhaust gas recirculation (EGR) coolers could create serious problems in vehicles. The ineffective exhaust gas recirculation (EGR) coolers may crack and cause coolant to leak into the intake manifold. Moreover, it may cause an accident or injury to the vehicle occupants, other road users, or property damage due to possible risk of vehicle fire. Hence, increasing cases of vehicle recalls have been increased in recent years due to defects. In 2018, BMW recalled 1.6 million vehicles globally over a potential fire risk. Besides, in 2019, Fiat Chrysler Automobiles has recalled nearly 108,000 in the U.S. for cracks in Exhaust Gas Recirculation (EGR) coolers.

Innovation to foster market growth

Exhaust gas recirculation (EGR) cooler is a vital component in vehicle manufacturing. However, due to low adaptability, the exhaust gas recirculation (EGR) cooler needs to be designed for each application. Further, technological innovations are minimizing the problems associated with exhaust gas recirculation (EGR) cooler. For instance, in 2017, BorgWarner introduced innovation in exhaust gas recirculation (EGR) cooler for commercial vehicles. The new exhaust gas recirculation (EGR) cooler by BorgWarner has highly adaptable standard designs for maximum flexibility covering a wide range of engine sizes from 2.0- to 16.0-liter displacement. Besides, the new system offers high robustness against thermal fatigue and enhanced coolant distribution for durable performance.

Key benefits of the report:

• This study presents the analytical depiction of the global automotive exhaust gas recirculation (EGR) coolers industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global automotive exhaust gas recirculation (EGR) coolers market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global automotive exhaust gas recirculation (EGR) coolers market research report:

• What are the leading market players active in the global automotive exhaust gas recirculation (EGR) coolers market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Automotive Exhaust Gas Recirculation (EGR) Coolers Market Report Highlights