Press release
Automotive Exhaust Gas Recirculation (EGR) Market Trends and Industry Analysis 2023
Automotive Exhaust Gas Recirculation (EGR) Market
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 global automotive exhaust gas recirculation (EGR) system market has experienced a potential growth over the past few year and it has been projected that the market will grow at the same pace during the forecast period. Automotive exhaust gas recirculation (EGR) system market looks promising during the forecast period due to the major driving factors such as booming automotive industry, expansion of global players into emerging nations and growing urbanization. On the other hand, the major trends and opportunities in the market are combination of exhaust gas recirculation (EGR) and selective catalytic reduction (SCR) systems and emerging economies. Whereas, the major challenging and restraining factors that can hinder the market growth are the availability of substitute, rising pressure and strict government regulation for certification of automotive exhaust gas recirculation (EGR) systems.
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Key Players of Automotive Exhaust Gas Recirculation (EGR) Market:
• 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.
Global Automotive Exhaust Gas Recirculation Systems Market:
The market for automotive exhaust gas recirculation (EGR) systems is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for automotive exhaust gas recirculation (EGR) systems market. The growth of the North America region is also driven by the presence of major automotive EGR system manufacturers which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others. Moreover, the spending of much of the time in Vehicles by the people generates the need for adoption of advanced technologies, such as automotive exhaust gas recirculation (EGR) systems. Owing to all these factors, the growth of the region is expected to grow at a rapid pace.
Due to the presence of most populous countries of the world such as China and India among others, the dominance of APAC 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 a 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.
Brief TOC:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Assumptions
2.4 Market Structure
3 Market Highlights
3.1 Key Takeaways
3.2 Key Buying Criteria
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
Continue…
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List Of Tables
Table 1 Market Synopsis
Table 2 Laser Strike Concerns
Table 3 Global Automotive Exhaust Gas Recirculation Market, By Application, 2016-2023 (Usd Million)
Table 4 Global Automotive Exhaust Gas Recirculation Market, By Product Type, 2016-2023 (Usd Million)
Table 5 Global Automotive Exhaust Gas Recirculation Market, By Region, 2016-2023 (Usd Million)
Table 6 North America: Automotive Exhaust Gas Recirculation Market, By Country, 2016-2023 (Usd Million)
Table 7 North America: Automotive Exhaust Gas Recirculation Market, By Application, 2016-2023 (Usd Million)
Table 8 North America: Automotive Exhaust Gas Recirculation Market, By Product Type, 2016-2023 (Usd Million)
Continue…
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