Passenger Vehicles Segment to Dominate Europe EGR Cooler Market during 2019–2027

According to a new market research study on “Europe EGR Cooler Market to 2027 – COVID-19 Impact and Analysis by Type, Engine Type, Vehicle Type, is expected to reach US$ 114.40 Mn by 2027 from US$ 119.00 Mn in 2019. The market is estimated to grow at a CAGR of 2.7% from 2020 to 2027.The report provides trends prevailing in the Europe EGR cooler market along with the drivers and restraints pertaining to the market growth. The growth of the Europe EGR cooler market is attributed to the actively use of EGR cooler in gasoline engines and growing emission norms. However, growing preference for electric vehicles are hindering the market of Europe EGR cooler market. Further, vehicle production has declined due to the shutdown of factories; ~1,465,415 motor vehicles are in loss owing to this pandemic, it includes passenger cars, vans, trucks, buses, and coaches. This is anticipated to negatively impact EGR cooler market growth in Europe.

The Europe EGR cooler market is segmented into type, engine type, vehicle type, and country. Based on type, the market is segmented into tube EGR coolers, and finned EGR coolers. In 2019, tube EGR coolers held the largest share of the Europe EGR cooler market. On the basis of engine type, the market is bifurcated into diesel engine, and gasoline engine. The diesel engine segment contributed a substantial share to the total market worth in 2019. On the basis of vehicle type, the market is bifurcated into passenger vehicles, and commercial vehicles. In 2019, passenger vehicles held the largest share of the Europe EGR cooler market.

Benteler Automotive, BorgWarner Inc., Faurecia, Hanon Systems, Korens Co. Ltd., Valeo, MAHLE GmbH, Rheinmetall Automotive AG, Denso Corporation, Continental AG are among the leading companies in the Europe EGR cooler market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, BENTELER Automotive partners with car manufacturers on the implementation of its BENTELER Electric Drive System (BEDS), a solution for electric vehicles. The company presented its Electric Drive System 2.0 at Auto Shanghai. The BENTELER Electric Drive System 2.0 is a platform for company’s engineering and metal processing capability. It ranges from components and modules for engine and exhaust, chassis, body applications to modular system solutions for electro mobility.

Europe EGR Cooler Market, By Country, 2019 to 2027 (%)

The report segments the Europe EGR Cooler Market as follows:

Europe EGR Cooler Market– By Type

• Tube EGR Coolers
• Finned EGR Coolers

Europe EGR Cooler Market– By Engine Type

• Diesel Engine
• Gasoline Engine

Europe EGR Cooler Market– By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

Europe EGR Cooler Market– By Country

• France
• Germany
• Italy
• Russia
• UK
• Rest of Europe