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Global Automotive EGR Industry Market Dynamics & Strategic Insights (2023 – 2031)

Published : Dec 2023

Report ID: FMO9691

Pages : 250

Format :

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 engine equipped with EGR system has the ability to reduce the oxygen in the combustion chamber with increased heat capacity ratio of inert gas such as H2O and CO2.
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
Automotive industry is diversifying at a greater speed as manufacturers and suppliers race to produce lighter and more powerful vehicles in lesser time. Alternative fuels, new lightweight materials and innovative technology are transforming the manufacturing process of automotive industry. With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players.
The income levels of individuals have been steadily increasing, also resulting in the rise in their disposable income, pushing the market towards growth. The currently booming automotive industry, combined with steadily increasing disposable income, is expected to contribute significantly in the growth of the market. Since 1992 most countries have defined rules (Euro, US, JP, Conama, Bharat) defining the acceptable limits of exhaust emissions. NOx emissions have significant risk factors for multiple health conditions (asthma, lung and stomach damage) and can be lethal at high concentration rates (220 ppm)
The Global Automotive EGR Market is expected to reach USD 27.2 Billion by 2024 from USD 14.6 Billion in 2017, at a CAGR of 9.61% from 2018 to 2024. .
The market is analyzed across four geographical regions, namely, North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). Asia Pacific holds the highest market about 35% of total market share. And is also the fastest growing region with the CAGR of 10.54%.Major emerging countries such as China, India, Thailand, and Indonesia are 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
North America holds the 2nd highest market share. Whereas, European market was holding 24% of the market share in 2017. Today, 80% of the European diesel car park is equipped with EGR systems, meaning around 85 million vehicles. The global aftermarket is 3 million EGR units replaced every year for a market value around 25 million Euros.
The Automotive EGR market is segmented on the basis of By Types, with Diesel-Powered engine holding the largest market share in 2017. The Gasoline powered engines are projected to reach USD 11.3 Billion by 2024.
Automotive Robotics market by car types includes Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle. Passenger Car holds the largest share of 77% of market in 2017.
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.
Key Players of the Automotive Exhaust Gas Recirculation (EGR) Systems Market Reports 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).

Scope:

Report Data Market
Forecast 2022 XX million/billion (2022-2032)
CAGR 2022 - 2032%
Analysis Period2022 - 2032
Base Year2021
Forecast Data2022 - 2032
Segments CoveredBy Type, By Application, And by Regions
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled.
Key Segments

By Type

By Applications

Report CoverageMarket Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

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The is to grow at a CAGR of 5.3% during the forecast by 2032.

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Published Date : Dec 2023 | Formats :

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