The EGR cooler market in Asia-Pacific is expected to grow from US$ 259.3 Mn in 2019 to US$ 267.1 Mn by 2027; it is estimated to grow at a CAGR of 3.65% from 2020 to 2027.
The EGR coolers market in the Asia Pacific has been analyzed based on historical, current, and future trends in countries across the region. The key countries analyzed include China, Japan, India, South Korea, and Rest of APAC. The EGR coolers market players in the region are experiencing significant demand for their products, as the demand for EGR coolers is comparatively high across automotive industries. Most of the countries in the region are economically developing and are focusing majorly on the rising environmental issue; thus, the investment towards advanced technologies to precisely deal with it. This is facilitating the EGR coolers market players to experience higher demand.
The automobile sector is experiencing considerable developments in terms of advanced technologies, advanced technologies for EGR are encouraging automotive OEMs to adopt EGR cooler systems; thus, the automobile industry has a significant impact on the Asia Pacific EGR cooler market.
The EGR cooler market operates in a highly fragmented and competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current offerings, diversifying its client base, all the prominent players face an increasing level of competition. Several companies in the market are developing new products to maintain their position in the market and provide efficient products to their customers.
However, the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. Majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to past, and the automotive and semiconductor industries are at a halt, which is negatively impacting the EGR cooler market.
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Asia-Pacific EGR Cooler Market Segmentation
Asia-Pacific EGR Cooler Market, by Type
- Tube EGR Coolers
- Finned EGR Coolers
Asia-Pacific EGR Cooler Market, by Engine Type
- Diesel Engine
- Gasoline Engine
Asia-Pacific EGR Cooler Market, by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Asia-Pacific EGR Cooler Market, by Country
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia-Pacific EGR Cooler Market-Companies Mentioned
- Benteler Automotive
- BorgWarner Inc
- erae Automotive Systems Co., Ltd
- Faurecia
- Hanon Systems
- KORENS. Co., LTD
- Maruyasu Industries Co., Ltd.
- Tokyo Radiator MFG. Co., Ltd
- Tokyo Roki Co. Ltd
- Valeo
- MAHLE GmbH
- Rheinmetall Automotive AG
- Denso Corporation
- Continental AG
Asia-Pacific EGR Cooler Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 259.3 Million |
| Market Size by 2027 | US$ 267.1 Million |
| CAGR (2020 - 2027) | 3.65% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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