The global automotive exhaust gas recirculation systems market is anticipated to grow at a significant CAGR of 8.5% during the forecast period (2022-2028). The global automotive exhaust gas recirculation systems market is growing due to the rise in sales and production of vehicles globally. The rising awareness about environmental pollution and adopting different ways to decrease the amount of pollution is also driving the growth of the market. The stringent government regulations for vehicle emissions are generating new opportunities for the market. Various new emission standards on new manufacturing vehicle models are also expected to boost the growth of the market. Additionally, technological advancement in exhaust gas recirculation in vehicles is further boosting the growth of the global automotive exhaust gas recirculation systems market.
The Asia-Pacific region is anticipated to hold the major share in the global automotive exhaust gas recirculation systems market. The increasing urbanization, as well as high demographic growth in this region, is boosting the market growth. The changing consumer lifestyle in emerging economic countries, such as China and India is also boosting the market growth in this region. The rise in disposable income, as well as high sales and production of vehicles another factor boosting the growth of the Asia-Pacific automotive exhaust gas recirculation systems market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In February 2020, BorgWarner Inc. announced that their EGR cooler and tube will be used on a new 1.5-liter petrol engine of Skoda Vision IN and Volkswagen Taigun.
- In April 2019, MS Motorservice International GmbH announced the expansion of its product portfolio with three new EGR cooler modules which will cover a wide range of Volkswagen AG passenger car models with diesel engines.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Denso Corp., Senior Flexonics, KORENS, Delphi Automotive LLP, MAHLE GmbH, and Continental AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
A full report of Global Automotive Exhaust Gas Recirculation Systems Market is available at: https://orionmarketreports.com/global-automotive-exhaust-gas-recirculation-systems-market/110346/
Global Automotive Exhaust Gas Recirculation Systems Market Report by Segment
By Type
- Pneumatic EGR Valve
- Electric EGR Valve
By Application
- Light-Duty Vehicles of EGR
- Heavy-Duty Engines of EGR
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