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US Automotive Exhaust Gas Recirculation (EGR) Systems Market Research Report Information by Product Type (EGR Cooler, EGR Valve and EGR Pipe), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle), Application (Diesel and Gasoline) - Forecast till 2030

ID: MRFR/AM/11231-US | 100 Pages | Author: MRFR Research Team| December 2023

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us automotive exhaust gas recirculation market outlook

The market for automotive exhaust gas recirculation (EGR) systems is going to get bigger because more people in the United States want to buy cars. There is a big demand for commercial vehicles in the United States, and this is making the demand for EGR systems grow. The growth in North America is also helped by the big companies that make EGR systems. These companies are doing things like expanding, merging with other companies, and launching new products to make the industry grow even more. One reason why people want EGR systems is because they spend a lot of time in their cars. They want to have the latest technology to make their cars better.
The United States had the biggest share of the market (76.34%) and it was worth $2,996.1 million. It is expected to have the highest growth rate (8.65%) during the forecast period. Canada was the second-biggest market in 2016, worth $928.6 million, and it is expected to grow by 6.40%. The demand for EGR systems is driven by the increase in demand for automobiles, especially commercial vehicles, in the United States. People in the US want to buy more cars, and this includes a high demand for commercial vehicles used for businesses. These commercial vehicles need EGR systems to reduce emissions and meet environmental regulations. As a result, the demand for EGR systems in the automotive market is increasing.
The presence of major automotive EGR system manufacturers in North America is also contributing to the growth of the market. These manufacturers are focusing on important developments such as expanding their operations, merging with other companies, launching new products, and more. In conclusion, the increasing demand for automobiles, especially commercial vehicles, in the United States, along with the presence of major EGR system manufacturers and the need for advanced technologies, are driving the growth of the automotive EGR systems market in North America. The United States and Canada are expected to witness substantial growth in the market, presenting opportunities for manufacturers and contributing to a cleaner and more efficient automotive industry.

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