The rising urbanization and income of the population are propelling the growth of the Automotive EGR cooler market in the APAC region!

An EGR (Exhaust Gas Recirculation) is a part of the emission control system which recycles exhaust gas through the EGR cooler and sends it back into the engine’s cylinder to burn with the new fuel. The EGR cooler is basically a heat exchanger and one of the most key fundamental parts of an EGR system, containing antifreeze coolant which lowers the temperature of the exhaust before it cycles it back into the engine. An EGR system helps to curtail the NOx emission which is highly toxic, and also increases the efficiency of the engine by preventing the engine from burning over-rich fuel.
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Reasons for the growth of the automotive EGR cooler market in the APAC region:

With the rising per capita GDP of the countries in the Asia Pacific, improving the standard of living and increasing discretionary income of people is driving consumption in these countries, and the automobile sector is the biggest beneficiary of this trend as what has happened in the past in developed economies. Furthermore, governments increasing investments in the infrastructure of the countries in emerging economies are high to accelerate their economic growth which is driving the demand for commercial vehicles. Moreover, governments’ stringent laws for curtailing tailpipe emissions are forcing the manufacturers to develop more efficient and sophisticated engine technologies which will require a more technologically advanced and efficient EGR system, presenting an opportunity for the EGR system manufacturers. Furthermore, governments are also focusing on decreasing the prolonged use of vehicles which is a major trend in emerging economies which are also the major polluters will create a replacement demand for the passenger as well as commercial vehicles. For instance, on October 2022, the Delhi government announced that it has deregistered over 5 million units of vehicles, by making it illegal to drive a diesel car older than 10 years and a petrol vehicle older than 15 years in the state. The decision is taken to phase out older vehicles that comply with outdated emission norms. For owners, scrapping or selling for parts is the only recourse once the car is deregistered.
APAC Automotive EGR cooler Market Revenue (2020-2030)- USD Mn

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Based on type, the market is bifurcated into Shell & Tube coolers and Fin & Tube coolers. Among the two the fin & tube type EGR coolers hold a significant market share owing to the fact that fins inside the tube maximize the heat transfer effect from hotter exhaust gas thus increasing the efficiency of the EGR coolers. Furthermore, fin & tube-type EGR coolers take less space, are lightweight, and cost less than shell & tube-type EGR coolers making them an ideal choice for automobile applications.

Based on application, the market is segmented into passenger vehicles, commercial vehicles, and off-highway vehicles. Among these, the passenger vehicle segment holds the significant market share owing to the fact that the demand for these vehicles across segments such as small and mid-sized vehicles, SUVs, and luxury passenger vehicles is on the rise with increased mobility as more number of younger population and women are joining the workforce, also after COVID-19 people are giving preferences to own personal mobility rather than using the public mode of transportations. Additionally, rising income and rapid urbanization in emerging economies are supporting the demand for the automobile industry.

Global Automotive EGR Cooler Market Segmentation

Market Insight, by Type

• Shell & Tube Cooler
• Fin & Tube Cooler

Market Insights, by Application

• Passenger Vehicle
• Commercial Vehicle
• Off-Highway Vehicles

Market Insights, by Engine Type

• Diesel Engine
• Petrol Engine

Market Insights, by Sales Channel

• OEMs
• Aftermarket

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Rest of the World

Top Company Profiles

• DENSO CORPORATION
• BorgWarner Inc
• MAHLE GmbH
• Valeo
• ACDelco
• AMBAC International
• MODINE MANUFACTURING COMPANY
• Kelvion Holding GmbH
• Senior Flexonics
• Nissens Automotive A/S