Automotive Exhaust Gas Recirculation System Market Global Growth, Size, Share, Trends 2018 Industry Forecast Report To 2023

Automotive Exhaust Gas Recirculation System Market Analysis by Size, Share, Trends, Growth, And Regional Forecast To 2023.  Global Automotive Exhaust Gas Recirculation System Market by Product Type (EGR Valve, EGR Cooler and EGR Pipe), By Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), By Application (Diesel-Powered Vehicle and Gasoline-Powered Vehicle) and By Region - Forecast To 2023.

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Automotive Exhaust Gas Recirculation System Market Highlights:

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 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.

The global automotive exhaust gas recirculation (EGR) system, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the last couple of years, the automotive industry has flourished globally, with several technologies emerging in the market. Geographically, Asia Pacific region has been the largest market for automotive exhaust gas recirculation system in 2016, followed by North America and Europe. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have been focusing on this region, and have planned to expand their operations in the Asia Pacific region. By the end of forecast year, the global market is expected to witness cut throat competition between North America and Europe, in terms of revenue and market share.

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