Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4,629.5 million | USD 5,560.1 million | 6.5% | 2021 |
Automotive exhaust gas recirculation system (EGR) helps in reducing NOx emissions in internal combustion engines. The system is used in both gasoline and diesel engines. In a gasoline engine, the recycled exhaust gas replaces some amount of combustible charge in the cylinder, whereas, in a diesel engine, the exhaust gas replaces a certain amount of oxygen in the pre-combustion mixture.
Automotive EGR system market is anticipated to show good growth during the forecast period, owing to the increased production of commercial vehicles. In 2017, the global commercial vehicles produced were 23,846,003 units as compared to 22,871,134 units in 2016. In 2017, China and the U.S. were the major producers of commercial vehicles. The production of commercial vehicles is anticipated to grow owing to increasing investments made in the automotive sector.
Stringent emission regulations have mandated the use of exhaust gas recirculation system in vehicles in various regions. In the U.S., “EPA” and the “National Highway Traffic Safety Administration” (NHTSA) are taking necessary steps to manufacture new vehicles in a way so as to reduce greenhouse gas (GHG) emissions from automobiles. Further, the European Union has introduced strict emission limits for passenger and commercial vehicles in standards Euro 5 and 6. Moreover, in September 2017, Europe made it mandatory for all the new car models to pass strict emission tests in labs and in real driving conditions. However, the availability of substitute products, such as “Selective Catalytic Reduction” (SCR) can have an adverse effect on the expansion of the automotive EGR system market. Nonetheless, technological developments in the automotive sector will open new avenues for the market during the estimated period.
Based on vehicle segment, the global automotive EGR system market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. The passenger cars segment is expected to hold the highest market share during the forecast period, due to the rising demand for passenger cars in the Asia Pacific region.
The Middle East and Africa region are anticipated to grow at the fastest rate for the automotive EGR system market during the estimated timeframe. Increasing usage of the product for gasoline-powered vehicles is majorly driving this region’s market. Europe is anticipated to contribute significantly to the growth of automotive EGR system market, as the region holds a major share of automotive manufacturing globally. Further, the presence of key automotive manufacturers, such as Volkswagen, Renault, Peugeot, BMW, Citroën, and Daimler, will play a vital role in the growth of automotive EGR system market during the forecast period.
Certain major players in the automotive EGR system market are Mitsubishi Electric Corporation, Continental AG, IAV, Friedrich Boysen GmbH & Co. KG, Denso Corporation, Delphi Auto Parts, ElringKlinger AG, Knorr-Bremse AG, Lucas Electrical, MAHLE GmbH, NGK Spark Plug Co., Ltd., BorgWarner Inc., Hitachi Ltd., Eberspacher Group, and Johnson Electric Holdings Ltd., among others.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed