Automotive Exhaust Gas Recirculation (EGR) System Market Projected To Grow At A 8.7% CAGR By 2030 Report By Market Research Future (MRFR)
| Report Metrics | Details |
| Market Size 2030 | 2030: USD Significant Value |
| CAGR during 2022-2030 | 8.7% CAGR |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Opportunities | The availability of substitute, pricing pressure, and strict government regulations |
| Key Market Drivers | Booming automotive industry Expansion of global players into emerging nations Growing urbanization |
Browse In-depth Market Research Report (123 Pages) on Automotive Exhaust Gas Recirculation (EGR) Systems Market:
With rising auto demand, particularly in the US, the automotive exhaust gas recirculation (EGR) systems market in North America is anticipated to expand. In the US, there is a huge need for commercial vehicles. Auto exhaust gas recirculation (EGR) system demand is driven by the rise in commercial vehicle demand.
The existence of significant automotive EGR system manufacturers, who are primarily focusing on key developments like expansion, mergers & acquisitions, product launch, and others, also contributes to the growth of the North American market. Additionally, the fact that people spend the majority of their time in cars necessitates the adoption of cutting-edge technologies like automotive exhaust gas recirculation (EGR) systems.
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Automotive Exhaust Gas Recirculation System Market Segmentation
The market for automotive exhaust gas recirculation (EGR) systems has been divided into several regions, product types, applications, and vehicle types.
The EGR cooler, EGR valve, and EGR pipe markets have been divided based on product type. Exhaust gas recirculation coolers (EGR coolers) are among these categories, and in 2018, the EGR valve category held the largest market share, followed by EGR cooler and EGR pipes. Nevertheless, throughout the forecast period, EGR coolers are expected to experience substantial increase. Companies are implementing cooled exhaust gas recirculation (EGR) to comply with the increased emission regulations since the EGR cooler device helps internal combustion engines emit less nitrogen oxide (NOx).
The global automotive exhaust gas recirculation (EGR) systems market has been divided into three segments based on the type of vehicle: passenger cars, light commercial vehicles, and heavy commercial vehicles.
Due to the increased demand for passenger cars among a sizable population, rising disposable income per capita in emerging nations, and the expansion of global auto manufacturers into new emerging markets, the passenger vehicle category is anticipated to dominate during the projection period.
The market has been divided into two categories based on application: diesel and gasoline. Throughout the projection period, the diesel segment is anticipated to increase at the greatest CAGR. The automotive exhaust gas recirculation (EGR) systems found in light-duty, medium-duty, and heavy-duty vehicles with diesel engines are widely employed. EGR works to lower nitrogen oxide emissions in cars with diesel engines. Also, it improves the performance and average mileage of the car.
Automotive Exhaust Gas Recirculation System Market Regional Analysis
The automotive exhaust gas recirculation (EGR) systems market worldwide is divided into four regions based on geography: North America, Europe, Asia-Pacific (APAC), and the rest of the world (RoW).
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Based on product type, application, vehicle type, and geography, the global automotive exhaust gas recirculation (EGR) systems market has been divided into sub-segments. The EGR valve segment is anticipated to increase significantly in terms of product type. According to application-based segmentation, the diesel sector dominated the global market in 2018. The market for automotive exhaust gas recirculation (EGR) systems is divided into three categories based on the type of vehicle: passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
The market is predicted to be dominated by the passenger car sector due to rising SUV and car sales in developing nations like China and India. Asia-Pacific topped the world market for automotive exhaust gas recirculation (EGR) systems in 2018, followed by North America and Europe.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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