Press release
Automotive Exhaust Gas Recirculation (EGR) System Market Predicted To Reach USD 29,770.0 Million By 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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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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