Automotive Exhaust Gas Recirculation Systems market to surge at 8.7% CAGR and reach remarkable value by 2025, according to Global Automotive Exhaust Gas Recirculation Systems Market Analysis Report published by Market Research Future. The future of the automotive exhaust gas recirculation (EGR) systems market looks promising. Global Automotive Exhaust Gas Recirculation Systems Industry Report analyzes Market for Automotive Exhaust Gas Recirculation Systems by application, product type, and vehicle type and Region with Forecast to 2025.
Major Automotive Exhaust Gas Recirculation Systems Companies covered in the market report include Wells Vehicle Electronics (US), Mahle GMBH (Germany), Cambustion Ltd (UK), BorgWarner Inc (US), Wells Vehicle Electronics (US), Delphi ANSYS Inc (UK), Eberspacher Group (Germany), Denso Corporation (Japan), IAV automotive engineering (Germany), ElringKlinger AG (Germany), and Friedrich Boysen GmbH (Germany).
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Global Market Highlights:
Market Research Future in its “Automotive Exhaust Gas Recirculation (EGR) Systems Market” report states that the market is estimated for 8.7% CAGR to thrive on, across the forecast period of 2017 to 2025. Need to Comply with New Emission Limits to Surge Automotive Exhaust Gas Recirculation (EGR) Systems Market
The burgeoning automotive industry and increase in market players across the globe are likely to be the primary driving factor for the market. Alongside, rapid urbanization, which is boosting the need for more efficient passenger and commercial automobiles are encouraging automakers to incorporate EGR systems. It is also observed that a combination of exhaust gas recirculation (EGR) and selective catalytic reduction (SCR) systems and being highly preferred by people in emerging economies. On the contrary, the major challenge that market is likely to encounter is the availability of substitutes. Addition constraints on the markets can be pricing pressure and stringent government norms for approval of automotive exhaust gas recirculation (EGR) systems.
Automotive Exhaust Gas Recirculation (EGR) Systems Industry Segments:
The global market of automotive exhaust gas recirculation (EGR) systems market is segmented based on application, product type, and vehicle type.
By product type, the market is segmented into EGR valve, EGR cooler, and EGR pipe. In 2018, the EGR valve segment held the largest share of the market. The EGR cooler and the EGR pipes segments are expected to experience a significant expansion in over the forecast years. The rise in need to comply with new emission limits, are encouraging companies to incorporate EGR systems. Besides, EGR systems are aid in the reduction of nitrogen oxide emissions form internal combustion engines. Hence, the market is likely to trend up.
By vehicle type, the automotive exhaust gas recirculation (EGR) systems market is segregated into light commercial vehicle, passenger car, and heavy commercial vehicles. The passenger car segment is expected to direct the market. The increase in the demand for passenger cars, hike in per capita income, and expansion of auto-manufacturers across the globe can boost the market.
By application, the market is classified into gasoline and diesel. The diesel segment is expected to grow at a higher CAGR in the forecast period. Automotive exhaust gas recirculation (EGR) systems are being used extensively used in diesel engine vehicles. In case of diesel-powered engine vehicles, EGR aid in the reduction of nitrogen oxide emission. And assist in enhancing the performance of vehicles. Thereby, contributing to the rapid paced growth for the market.
Regional Analysis:
Strong economies, such as India, China, Thailand, and Indonesia, as they are becoming manufacturing hubs for automobiles, which is expected to boost the Asia Pacific automotive exhaust gas recirculation systems market growth. The increase in per capita income of people in emerging economies, the rise in purchase power of people, particularly in regions, such as China and India can upscale the APAC market. Besides, the need to tap into the change in preferences of consumer automobile preferences, global automobile producers are expected to increase installation of EGR system in automobiles. As a result, the EGR systems market is expected to see a rise. Wealthy automakers those are residing in North America is likely to boost the global market.
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TABLE OF CONTENTS:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 V2X, By Communication Type
5.1 Introduction
5.1.1 V2C
Continued…
LIST OF TABLES:
Table 1 Global Automotive Exhaust Gas Recirculation Systems Market: By Region, 2018-2023
Table 2 North America Automotive Exhaust Gas Recirculation Systems Market: By Country, 2018-2023
Table 3 Europe Automotive Exhaust Gas Recirculation Systems Market: By Country, 2018-2023
Table 4 Asia-Pacific Automotive Exhaust Gas Recirculation Systems Market: By Country, 2018-2023
Table 5 RoW Automotive Exhaust Gas Recirculation Systems Market: By Country, 2018-2023
Continued…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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