Automotive Gasoline EGR Systems Market to Reach US$ 1.9 Billion in 2024, Says Stratview Research

DETROIT, May 14, 2019 /PRNewswire/ -- Stratview Research announces the launch of a new research report on Automotive Gasoline EGR Systems Market by Vehicle Type (Passenger Car and Commercial Vehicle), by Pressure Type (High-Pressure EGR and Low-Pressure EGR), and by Region (North America, Europe, Asia-Pacific, and Rest of World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

This market report, from Stratview Research, studies gasoline EGR systems in the global automotive industry over the trend and forecast period of 2013 to 2018 and 2019 to 2024, respectively. The report firstly estimated the penetration of gasoline EGR systems in different vehicle types for the past five-year period and forecast its expected penetration for the period of 2019 to 2024 based on current market realities, changing competitive dynamics, and future market possibilities. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in identification of the low-hanging fruits available in the market as well as formulate growth strategies.

Automotive Gasoline EGR Systems Market: Research Highlights

EGR system is considered as one of the most reliable technologies among various NOx and CO2 emission reduction techniques used in the automotive industry. All the major automakers are incorporating downsized engines to meet the stringent emission regulations imposed by regulatory authorities as well as to rely on customer demand for high-performance vehicles. The downsized engine generally uses a turbocharger, which increases the density and temperature of the air in the air intake manifold. EGR systems play a vital role in diverting the exhaust gas back to the engine's intake. Some of the key advantages of the EGR system in gasoline engines are reduced throttling loss, reduced heat rejection, and reduced chemical dissociation. It also reduces the knock limit by a higher compression ratio, providing better fuel economy.

EGR system for gasoline engines roughly accounts for less than one-fourth of the total automotive EGR systems market and is likely to be one of the fastest-growing emission reduction technologies in gasoline vehicles in the coming five years. The global automotive gasoline EGR systems market is projected to offer healthy growth opportunities and is likely to reach US$ 1,931.7 million in 2024. Organic growth in automobile production, increase in penetration of turbochargers in vehicles, and stringent emission standards of different countries are some major factors that are fueling the growth of EGR systems in gasoline vehicles.

Click here to browse the detailed TOC of the report

Passenger car is expected to remain the dominant segment of the market during the forecast period and is also likely to exhibit faster growth during the same period as compared to commercial vehicles. Increasing production of passenger cars, especially in the developing economies including China and India and the introduction of stringent regulations regarding emissions are creating a gargantuan demand for EGR systems in passenger car's gasoline engines.

Based on the pressure type, the market is segmented as high-pressure and low-pressure EGR systems. High-pressure EGR system is expected to remain the larger segment of the market over the next five years. This system type is used at lower engine speeds and load and is more suitable for transient operation. Low-pressure EGR system is likely to witness higher growth during the same period, driven by its advantages, such as a reduction in fuel consumption owing to better combustion phasing, reduction in pumping losses and heat losses through cylinder walls, reduction in knock mitigation, and perfect cylinder-to-cylinder distribution.

Click here and ask for a free sample of the exhaustive report

In terms of region, Europe is projected to remain the largest automotive gasoline EGR systems market during the forecast period in terms of both value and volume. However, Asia-Pacific is likely to experience the highest growth, driven by China and India, the growth engines for the region's market.

Key players in the market are Rheinmetall Automotive AG, BorgWarner Inc., Continental AG, Valeo Group, Denso Corporation, and Mitsubishi Electric Corporation. Development of high-performance EGR systems for gasoline engines and formation of strategic alliances with OEMs to integrate EGR into different vehicle models are the major strategies adopted by the key players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

This report studies gasoline EGR systems market in the global automotive industry and has segmented the market in three ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the three ways in which the market is segmented:

Automotive Gasoline EGR Systems Market, by Vehicle Type

• Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Gasoline EGR Systems Market, by Pressure Type

• High-Pressure EGR Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Low-Pressure EGR Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Gasoline EGR Systems Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Stratview Research has several high value market reports in the global automotive industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Automotive Industry

Some of our other related premium reports in the automotive industry:
Automotive Selective Catalytic Reduction (SCR) System Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Catalyst Type (Copper Zeolite, Iron Zeolite, and Others), by Catalyst Structure Type (Honeycomb Catalyst Structure and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Automotive Charge Air Cooler (CAC) Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Product Type (Air-Cooled Charge Air Cooler and Liquid-Cooled Charge Air Cooler), by Position Type (Standalone CAC and Integrated CAC), by Fuel Type (Gasoline and Diesel), and by Region (North America, Europe, Asia-Pacific, and Rest of World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

Automotive Air Intake Manifold (AIM) Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle), by Manifold Type (Standard AIM and Variable AIM), by Material Type (Composites [Lost Core, Shell, and Others], Aluminum, and Others), by Manufacturing Process (Injection-Molded AIM and Casting-based AIM), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

For enquiries,
Contact:
Stratview Research
Phone No. +1-313-307-4176
Email: sales@stratviewresearch.com

Logo: https://mma.prnewswire.com/media/660595/Stratview_Research_Logo.jpg