Europe EGR Cooler Market Developments and Forecast by 2027
Europe EGR Cooler Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Tube EGR Coolers, and Finned EGR Coolers); Engine Type (Diesel Engine, and Gasoline Engine); Vehicle Type (Passenger Vehicles, and Commercial Vehicles), and Country
- Report Date : Aug 2020
- Report Code : TIPRE00013346
- Category : Automotive and Transportation
- Status : Published
- Available Report Formats :
- No. of Pages : 94
The EGR cooler market in Europe is expected to grow from US$ 119.00 Mn in 2019 to US$ 114.40 Mn by 2027; it is estimated to grow at a CAGR of 2.7% from 2020 to 2027.
The EGR coolers market in the Europehas been analyzed based on historical, current, and future trends in countries across the region. Europe comprises of developing economies such as Germany, France, UK, Russia, and Italy. The governments of these countries have been taking various initiatives to advance industries like the automotive and semiconductor & electronics industry. It is believed that Europe has significantly upgraded its industrial solutions and is labeled as Industry 4.0. To strengthen the competitiveness of the region’s automotive sector and continue its global technological leadership, the European Commission is focusing on the funding for R&D. The region is the primary hub for the producer of passenger vehicles such as Ford, Hyundai Motor, Iveco, and Volkswagen. The region EGR cooler market is majorly driven by the growing demand for passenger cars. Germany is one of the largest automotive markets. The country comprises of major automotive manufacturers such as Daimler AG, BMW, VW, Opel, and Audi among others. For instance, Germany is one of the major producers of over 6 million passengers and commercial vehicles per year. The strong automobile sector of the region, and also has the presence of some significant premium car manufacturers in the EU, is driving the EGR cooler marketIn Europe, Italy is the hardest-hit country by the coronavirus outbreak, with approximately 156,363 active cases of COVID – 19 patients. It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. Spain and France are extending respective lockdown periods to fight COVID-19. 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 market growth in Europe.
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.
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Europe EGR Cooler Market Segmentation
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
Europe EGR Cooler Market-Companies Mentioned
- Benteler Automotive
- BorgWarner Inc.
- Faurecia
- Hanon Systems
- Korens Co. Ltd.
- Valeo
- MAHLE GmbH
- Rheinmetall Automotive AG
- Denso Corporation
- Continental AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Engine Type, Vehicle Type, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EGR Cooler Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe – PEST Analysis
4.3 Ecosystem Analysis
5. EGR Cooler Market –Market Dynamics
5.1 Market Drivers
5.1.1 Actively use of EGR cooler in gasoline engines
5.1.2 Growing emission norms
5.2 Market Restraints
5.2.1 Electric and hybrid powertrain
5.3 Market Opportunities
5.3.1 Modular EGR cooler
5.4 Future Trend
5.4.1 Focus on the integration of efficient and light weight EGR cooler
5.5 Impact Analysis of Drivers and Restraints
6. EGR Cooler Market – Europe Analysis
6.1 Europe: EGR coolers Market
6.1.1 Europe: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
7. EGR Cooler Market Analysis – By Type
7.1 Overview
7.2 Europe: EGR coolers Market, By Type
7.3 Tube EGR coolers
7.3.1 Overview
7.3.2 Tube EGR coolers Market Revenue and Forecast to 2027 (US$ Million)
7.4 Finned EGR coolers
7.4.1 Overview
7.4.2 Finned EGR coolers Market Revenue and Forecast to 2027 (US$ Million)
8. EGR Cooler Market Analysis – By Engine Type
8.1 Overview
8.2 Europe: EGR coolers Market, By Engine Type
8.3 Diesel Engine
8.3.1 Overview
8.3.2 Diesel Engine Market Revenue and Forecast to 2027 (US$ Million)
8.4 Gasoline Engine
8.4.1 Overview
8.4.2 Gasoline Engine Market Revenue and Forecast to 2027 (US$ Million)
9. EGR Cooler Market Analysis – By Vehicle Type
9.1 Overview
9.2 Europe: EGR coolers Market, By Vehicle Type
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Market Revenue and Forecast to 2027 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Market Revenue and Forecast to 2027 (US$ Million)
10. EGR Cooler Market – Country Analysis
10.1 Europe: EGR Coolers Market
10.2 Europe: EGR Coolers Market, By Country
10.2.1 Germany: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.1.1 Germany: EGR coolers Market, by Type
10.2.1.2 Germany: EGR coolers Market, by Engine Type
10.2.1.3 Germany: EGR coolers Market, by Vehicle Type
10.2.2 France: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2.1 France: EGR coolers Market, by Type
10.2.2.2 France: EGR coolers Market, by Engine Type
10.2.2.3 France: EGR coolers Market, by Vehicle Type
10.2.3 Italy: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.3.1 Italy: EGR coolers Market, by Type
10.2.3.2 Italy: EGR coolers Market, by Engine Type
10.2.3.3 Italy: EGR coolers Market, by Vehicle Type
10.2.4 UK: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.4.1 UK: EGR coolers Market, by Type
10.2.4.2 UK EGR coolers Market, by Engine Type
10.2.4.3 UK: EGR coolers Market, by Vehicle Type
10.2.5 Russia: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.1 Russia: EGR coolers Market, by Type
10.2.5.2 Russia EGR coolers Market, by Engine Type
10.2.5.3 Russia: EGR coolers Market, by Vehicle Type
10.2.6 Rest of Europe: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
10.2.6.1 Rest of Europe: EGR coolers Market, by Type
10.2.6.2 Rest of Europe EGR coolers Market, by Engine Type
10.2.6.3 Rest of Europe: EGR coolers Market, by Vehicle Type
11. Impact of Coronavirus Outbreak
11.1 Impact of COVID-19 Pandemic on Europe EGR Cooler Market
11.2 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiatives
12.2 Mergers and Acquisitions
12.3 New Product Development
13. Company Profiles
13.1 Benteler Automotive
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BorgWarner Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Faurecia
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hanon Systems
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 KORENS. Co., LTD.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Valeo
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 MAHLE GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Rheinmetall Automotive AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Denso Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Continental AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. EGR Cooler Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe EGR Cooler Market –Volume and Average Price to 2027 (Units and US$)
Table 3. Europe EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. Europe EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Europe EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 6. Europe EGR coolers Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Germany EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Germany EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. France EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. France EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. France EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Italy EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Italy EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. Italy EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. UK EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. UK EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. UK EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Russia EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia EGR coolers Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe EGR coolers Market, By Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe EGR coolers Market, By Engine Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. Rest of Europe Market, By Vehicle Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. List of Abbreviation
LIST OF FIGURES
Figure 1. EGR Cooler Market Segmentation
Figure 2. EGR Cooler Market Segmentation – By Country
Figure 3. Europe EGR Cooler Market Overview
Figure 4. EGR Cooler Market, By Type
Figure 5. Europe – PEST Analysis
Figure 6. EGR Cooler Market Impact Analysis of Drivers and Restraints
Figure 7. Europe: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 8. Europe: EGR coolers Market Revenue Share, By Type (2019 and 2027)
Figure 9. Tube EGR coolers Market Revenue and Forecast to 2027(US$ Million)
Figure 10. Finned EGR coolers Market Revenue and Forecast to 2027(US$ Million)
Figure 11. Europe: EGR coolers Market Revenue Share, By Engine Type (2019 and 2027)
Figure 12. Diesel Engine Market Revenue and Forecast to 2027(US$ Million)
Figure 13. Gasoline Engine Market Revenue and Forecast to 2027(US$ Million)
Figure 14. Europe: EGR coolers Market Revenue Share, By Vehicle Type (2019 and 2027)
Figure 15. Passenger Market Revenue and Forecast to 2027(US$ Million)
Figure 16. Commercial Market Revenue and Forecast to 2027(US$ Million)
Figure 17. Europe: EGR coolers Market Revenue Share, By Country (2019 and 2027)
Figure 18. Germany: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. France: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Italy: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. UK: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Russia: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Rest of Europe: EGR coolers Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in Europe Country Markets
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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