Automotive Exhaust Gas Recirculation (EGR) System Market Predicted To Reach USD 29,770.0 Million By 2023 at 9.15% CAGR

Market Research Future published a research report on “Automotive Exhaust Gas Recirculation (EGR) System Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Automotive Exhaust Gas Recirculation (EGR) System Global Market – Overview
 
Automotive exhaust gas recirculation (EGR) system is a technique, which helps in reducing and controlling the nitrogen oxide emission in gasoline as well as diesel powered vehicles. The engine equipped with EGR system has the ability to reduce the oxygen in the combustion chamber with increased heat capacity ratio of inert gas such as H2O and CO2. There are various emission legislation for light-duty vehicles, heavy-duty engines, and non-road engines that regulates the exhaust gas recirculation system. Euro 1/2 (1992/96), Euro 3/4 (2000/05), Euro VI (2013), Euro V (2008), IMO Tier III (2016) are some of the legislation that regulates the EGR system.
 
The global automotive exhaust gas recirculation (EGR) systems market is poised to reach USD 29,770.0 million by 2023 at an estimated CAGR of 9.15% through the forecast period.
 
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The automotive exhaust gas recirculation (EGR) systems market is completely dependent on the automobile industry. Thus, the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total volume of four wheeler production, across the globe, in 2015, was almost 90 million units and is expected to witness further boost, and reach more than 100 million units, by the year 2020. Moreover, the increase in the sales of new vehicles has mainly been because of competitive and diverse options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been a rise in the use of automotive exhaust gas recirculation (EGR) systems. Another factor responsible for the increase in vehicle sales is the macroeconomic development and the rise in the global middle class consumers. This is the primary factor that drives the growth of the automotive exhaust gas recirculation (EGR) systems market and has gained prevalence in the recent times, with technological developments and rapidly increasing disposable income among consumers.
 
EGR has limitation due to the availability of closed substitute such as Selective Catalytic Reduction (SCR). SCR technology uses less fuel since the engine is tuned to cut NOx and can instead be set up for performance and economy. Stringent emission norms such as Euro VI have forced vehicle OEMs to employ high end after-treatment systems such as SCR, lean NOx traps (LNT) and exhaust gas recirculation (EGR). However, European OEMs such as Daimler, Volkswagen, PSA Peugeot Citroën and Renault Nissan are especially adopting SCR technology for larger segment engines.
 
BorgWarner has wide customer diversity across Europe with 40% sales, Americas with 33% sales, China with 13%, and Asia with 14%. This will enhance the market growth in Americas which will boost the market in this region.
 
Key Players:
 
Mahle GMBH, Wells Vehicle Electronics, BorgWarner Inc., Cambustion Ltd., Delphi ANSYS Inc., DENSO Europe B.V, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG AND IAV GmbH and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Exhaust Gas Recirculation (EGR) Market.
 
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Automotive Exhaust Gas Recirculation (EGR) System Market – Segmentation
 
The Global Automotive Exhaust Gas Recirculation (EGR) System Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
 
Segmentation by Product Type: Comprises EGR Cooler, EGR Valve, and EGR Pipe
Segmentation by Vehicle Type: Comprises passenger vehicle, light commercial vehicle, heavy and commercial vehicle.
Segmentation by Application: Comprises Gasoline and Diesel
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
 
Automotive Exhaust Gas Recirculation (EGR) System Market: Regional Analysis
 
The presence of most populous countries of the world such as China and India has dominated APAC region becomes evident in the global automotive exhaust gas recirculation (EGR) systems market value. The market has been experiencing rapid growth in the last two years, owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving much needed thrust to the automotive exhaust gas recirculation (EGR) systems market. Another major reason behind APAC leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in automobile production and sales across the globe. Japan Automobile Manufacturers Association (JAMA), through a survey conducted in the fiscal year 2013 (year ended March 2014), revealed that the passenger car ownership among responding households stood at 82%. The increasing sales of medium end vehicles has been identified as driving the automotive exhaust gas recirculation (EGR) systems market in the country
 
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Scope of the Report:
 
This study provides an overview of the global automotive exhaust gas recirculation (EGR) systems market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global automotive exhaust gas recirculation (EGR) systems market by its product type, vehicle type, application and regions.
 
By Product Type

• EGR Valve
• EGR Cooler
• EGR Pipe 

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle 

By Application

• Diesel-Powered Vehicle
• Gasoline-Powered Vehicle 

By Region

• North America
• Asia Pacific
• Europe
• Rest of the World 

 
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