Automotive Exhaust Gas Recirculation Market Share Analysis
The market for automotive exhaust gas recirculation (EGR) systems depends on the automobile industry. When the demand for cars goes up or down, it directly affects the EGR systems market. In 2015, around 90 million cars were produced worldwide, and this number is expected to increase to over 100 million by 2020. This growth in car production is due to competitive financing options that make it easier for people to buy new vehicles. As a result, more cars are being equipped with EGR systems. Another reason for the increase in car sales is the growth of the global middle class and overall economic development. As more people enter the middle class and have more disposable income, they are able to afford cars. This has led to a higher demand for EGR systems in recent years.
In summary, the automotive exhaust gas recirculation (EGR) systems market grows alongside the automotive industry. When more cars are produced and sold, the demand for EGR systems increases. This is driven by factors like competitive financing options and the rise of the global middle class. The market is expected to continue growing as more people around the world are able to afford cars and as technology continues to develop.
In recent years, there has been a big change in the world. More and more people are now living in cities, which has improved their way of life. This increase in urbanization has also affected transportation. People are using cars and trucks more often, both for personal use and for businesses. As a result, there is a growing market for automotive exhaust gas recirculation (EGR) systems. One country where this trend is especially noticeable is China. It has a very large population and many people live in cities. The automotive industry in China has been growing rapidly, and this growth will not only impact car technology but also the market for automotive EGR systems.
| Report Attribute/Metric |
Details |
| Base Year For Estimation |
2022Market Forecast Period2023-2032Historical Data2018- 2022Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments CoveredProduct Type, Vehicle Type and ApplicationGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies Profiled Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Combustion Ltd, Delphi ANSYS Inc., DENSO Europe BV, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG, and IAV GmbHKey Market OpportunitiesThe availability of substitute, pricing pressure, and strict government regulationsKey Market DynamicsBooming automotive industryExpansion of global players into emerging nationsGrowing urbanization |
| Historical Data |
2018- 2022Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments CoveredProduct Type, Vehicle Type and ApplicationGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies Profiled Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Combustion Ltd, Delphi ANSYS Inc., DENSO Europe BV, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG, and IAV GmbHKey Market OpportunitiesThe availability of substitute, pricing pressure, and strict government regulationsKey Market DynamicsBooming automotive industryExpansion of global players into emerging nationsGrowing urbanization |
| Forecast Period |
2023-2032Historical Data2018- 2022Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments CoveredProduct Type, Vehicle Type and ApplicationGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies Profiled Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Combustion Ltd, Delphi ANSYS Inc., DENSO Europe BV, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG, and IAV GmbHKey Market OpportunitiesThe availability of substitute, pricing pressure, and strict government regulationsKey Market DynamicsBooming automotive industryExpansion of global players into emerging nationsGrowing urbanization |
| Growth Rate |
5.5% (2023-2032)Base Year2022Market Forecast Period2023-2032Historical Data2018- 2022Market Forecast UnitsValue (USD Billion)Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and TrendsSegments CoveredProduct Type, Vehicle Type and ApplicationGeographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the WorldCountries CoveredThe US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and BrazilKey Companies Profiled Mahle GmbH, Wells Vehicle Electronics, BorgWarner Inc., Combustion Ltd, Delphi ANSYS Inc., DENSO Europe BV, Eberspächer Climate Control Systems GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, ElringKlinger AG, and IAV GmbHKey Market OpportunitiesThe availability of substitute, pricing pressure, and strict government regulationsKey Market DynamicsBooming automotive industryExpansion of global players into emerging nationsGrowing urbanization |
