Automotive Exhaust Gas Recirculation System Market to grow at rapid pace by 2018 to 2023, according to “Global Automotive Exhaust Gas Recirculation System Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive Exhaust Gas Recirculation System Market Forecast data up to 2023, with historic and current market information. Automotive Exhaust Gas Recirculation System Industry analysis done By Product Type (EGR Valve, EGR Cooler and EGR Pipe), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Application (Diesel-Powered Vehicle and Gasoline-Powered Vehicle) and Region.
Global Automotive Exhaust Gas Recirculation System Market Highlights:
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.
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Automotive Exhaust Gas Recirculation System Market Key Companies Studied in this 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).
The presence of most populous countries of the world such as China and India has dominated APAC region 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 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. Japan Automobile Manufacturers Association (JAMA), through a survey conducted in the fiscal year 2013 (year ended March 2014), revealed that the passenger car ownership among responding households stood at 82%. The increasing sales of medium end vehicles has been identified as driving the automotive exhaust gas recirculation (EGR) systems market in the country
Market Segments Analysis:
The Global Automotive Exhaust Gas Recirculation (EGR) System Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product Type: Comprises EGR Cooler, EGR Valve, and EGR Pipe
Segmentation by Vehicle Type: Comprises passenger vehicle, light commercial vehicle, heavy and commercial vehicle.
Segmentation by Application: Comprises Gasoline and Diesel
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Industry Updates:
BorgWarner has introduced a family of four EGR coolers for a range of 2.0-16.0 L engine sizes. This will innovate their product line by improving the fuel efficiency of the vehicle. The company has invested heavily into product innovation so as to provide new solutions to customers. BorgWarner also focuses on creating opportunities for users to experience innovation in products and increasing brand recall with product innovation and sustainable cost-efficient operations.
MAHLE GmbH acquired Nagares, a Spanish company, to strengthen mechatronic and electronic activities. MAHLE GmbH also promotes the implementation of key projects, thus gaining a relative advantage in competition. Moreover, they believe combustion engine will remain an important drive for a long period of time. So, they focus on working intensively on new solutions, to raise the efficiency of these engines while lowering their emissions.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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