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

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.

Market Highlights:

The global automotive exhaust gas recirculation (EGR) systems market is marked with growth potential in the coming years. The factors that influence the demand for automotive exhaust gas recirculation (EGR) systems are the growing automotive industry, expansion of global players into emerging nations, and growing urbanization. The major trends and opportunities in the automotive exhaust gas recirculation (EGR) systems market are combination of exhaust gas recirculation (EGR) with selective catalytic reduction (SCR) systems, and the emerging economies. The major challenges and that can restrain the market growth are the availability of substitutes, pricing pressure, and strict government regulations for certification of automotive exhaust gas recirculation (EGR) systems. 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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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.

Market Research Analysis:

With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesiare becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, people are increasingly being able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford, are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive exhaust gas recirculation (EGR) systems market will also rise.

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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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Market Research Future
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This release was published on openPR.