Automotive exhaust gas recirculation (EGR) system is a technique, which helps in reducing and controlling the nitrogen oxide emission in gasoline and diesel powered vehicles.
The global Automotive Exhaust Gas Recirculation Systems Market was significantly large in 2022 and is expected to grow at a steady CAGR during the forecast period. Stringent vehicle emission standards and growing environmental concerns are key factors driving market revenue growth. The Automotive Exhaust Gas Recirculation (EGR) Systems Market is expected to grow at an 8.7% CAGR during the forecast period.
EGR stands for engine exhaust gas recirculation, and it refers to the process of returning exhaust gas to the engine cylinder. The EGR system cools the engine and reduces Nitrogen Oxide (NOx) emissions. The EGR system is gaining popularity due to the use of a sensor that plays an important role in controlling vehicle emission systems. Vehicle emissions must be controlled, and as a result, demand for new emission control systems is increasing. Furthermore, vehicle emission standards are becoming more stringent, and manufacturers must comply, which is driving global market revenue growth.
An overview of the global Automotive Exhaust Gas Recirculation (EGR) Systems market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Automotive Exhaust Gas Recirculation (EGR) Systems market along with various segments and geographic regions. Analysis of the stakeholder value chain in the Automotive Exhaust Gas Recirculation (EGR) Systems market and comprehensive profiles of leading companies in the industry
The report forecasts the size of the Automotive Exhaust Gas Recirculation (EGR) Systems market for components from 2022 through 2029
The Executive Summary provides a snapshot of the key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools, and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter’s five forces analysis. This chapter provides detailed insights into the market which derives the market trends, changing phases of investments, and the scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures are being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
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Global Automotive Exhaust Gas Recirculation (EGR) Systems market Competitive Analysis:
Key players in the Global Automotive Exhaust Gas Recirculation (EGR) Systems market are
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This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Automotive Exhaust Gas Recirculation (EGR) Systems market is distributed based on the below-mentioned segments:
Global Automotive Exhaust Gas Recirculation (EGR) Systems Market, By Product Type:
Global Automotive Exhaust Gas Recirculation (EGR) Systems market, By Vehicle Type:
Global Automotive Exhaust Gas Recirculation (EGR) Systems market, By Application:
Global Automotive Exhaust Gas Recirculation (EGR) Systems market, By Region:
The outbreak of the covid-19 has had a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in the supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
6. North America Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
7. Latin America Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
8. Europe Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
9. Asia Pacific Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
10. Middle East & Africa Automotive Exhaust Gas Recirculation (EGR) Systems Market Analysis (USD Billion), Insights and Forecast, 2016-2027
11. Competitive Analysis
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Automotive Exhaust Gas Recirculation (EGR) Systems Market , Automotive Exhaust Gas Recirculation (EGR) Systems Market News
Feb 06, 2023
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