Automotive Exhaust Gas Recirculation Market Analysis 2018 To 2023 report Expands Global Automotive Exhaust Gas Recirculation Market Size, Share, upcoming Trends, Growth and Key Players Outlook 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. Automotive Exhaust Gas Recirculation Market Companies Analyzed in report are: Mahle GMBH (Germany), Wells Vehicle Electronics (US), BorgWarner Inc (US), Cambustion Ltd (UK), Delphi ANSYS Inc (UK), Denso Corporation (Japan), Eberspacher Group (Germany), ElringKlinger AG (Germany), IAV automotive engineering (Germany), Wells Vehicle Electronics (US), and Friedrich Boysen GmbH (Germany).
Global Automotive Exhaust Gas Recirculation Market Highlights:
Automotive Exhaust Gas Recirculation System is a technique that helps reduce and control the nitrogen oxide emission in gasoline and diesel powered vehicles. The global automotive exhaust gas recirculation system market has experienced a potential growth over the past few years. It has been projected that the market wants to grow at the same pace during the forecast period. The market looks promising during the forecast period due to the major factors such as booming automotive industry, expansion of global players into emerging nations and growing urbanization. The major trends and opportunities in the automotive exhaust gas recirculation system market are the combination of automotive exhaust gas recirculation and selective catalytic reduction (SCR) systems and emerging economies. HOWEVER,
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The Automotive Exhaust Gas Recirculation Systems market is completely dependent on the automotive industry. Thus, the rise or fall in the demand of the automotive industry has directly on the market. The total volume of four wheeler production, across the globe, in 2015, which is almost 90 million units and is expected to increase further, and reach more than 100 million units, by 2020. In addition, the increase in sales of new vehicles has been because of competitive and various options available for finance. The availability of finance has eased the purchase of vehicles, due to which there has been an increase in the use of automotive exhaust gas recirculation systems. Other factors responsible for the increase in vehicle sales, are the macroeconomic development and the rise in the global middle class consumers.
Global Automotive Exhaust Gas Recirculation Systems are expected to become a very broad market in the coming years. MRFR analysts have been priced at $ 19,242.3 million by the year 2023. Geographically, Asia Pacific is a major revenue generator in the global automotive exhaust gas recirculation systems market, China is one of the most attractive markets for manufacturers. North America is the second leading region in terms of revenue, while Europe is the third leading region.
The global automotive exhaust gas recirculation system market has been segmented based on product type, vehicle type and application. On the basis of product type the market is segmented as EGR valve, EGR cooler and EGR pipe. Of all product types EGR valve segment is expected to dominate the market. On the basis of vehicle type, it is segmented as passenger car, light commercial vehicle and heavy commercial vehicle. Rising demand of passenger car among large pool of population, and expansion of global auto-manufacturers into new emerging markets, act as major factors for the growth of this segment. By applications the market has been segmented as the diesel-powered vehicle and gasoline-powered vehicle.
Geographic Analysis:
The global automotive exhaust gas recirculation system, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the past few years, the automotive industry has flourished globally, with several emerging technologies 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 the forecast year,
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