Global Automotive Exhaust Gas Recirculation (EGR) Systems Market 2018 To Reach Valued At $ 5,108.6 million And Grow At A 5.46% Cagr Forecast To 2023
Jan 12, 2018
Wiseguyreports.Com Adds “Automotive Exhaust Gas Recirculation (EGR) Systems – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023”
Pune, India - January 12, 2018 /MarketersMedia/ —
Automotive Exhaust Gas Recirculation (EGR) Systems Market 2018
Description:
Vehicle pillars are essentially vertical supports for a cars window area. Moving from the front to the rear the vehicle pillars are designated as A, B, C and D. These alphabetical designations of the pillars prove to be essential during a design discussion and critical communication.
Automotive industry is diversifying at a greater speed as manufacturers and suppliers race to produce lighter and more powerful vehicles in lesser time. Alternative fuels, new lightweight materials and innovative technology are transforming the manufacturing process of automotive industry. With the global economy undergoing an unprecedented level shift, major emerging countries such as China, India, Thailand, and Indonesia are becoming manufacturing hubs for global automotive players. The income levels of individuals have been steadily increasing, also resulting in the rise in their disposable income, pushing the market towards growth. The currently booming automotive industry, combined with steadily increasing disposable income, is expected to contribute significantly in the growth of the market.
The vehicle pillar market has witnessed significant growth in recent times. The increase in demand in the vehicle pillar market is complimentary to the increase in demand in the automotive industry, thus making the growth of the automotive industry a major contributor towards the growth vehicle pillar market. Passenger safety in automobiles has become a hot topic of discussion off late with the advent of new technology in the form of driver assistance systems, collision sensors and pedestrian sensors. Apart from technological advancements the manufacturers have been gunning towards increased passenger safety in the traditional sense and thus have resulted in developing high quality vehicle pillars. The global vehicle pillar market is expected to reach the valuation of USD 7,364.9 million by 2023, from USD 5,108.6 million in the year 2016, growing at a CAGR of 5.46%.
The global vehicle pillar market segments has been divided into pillar type, vehicle type, end market and region. On the basis of pillar type, the market is segmented into A pillar, B pillar, C pillar and D pillar. A pillar is expected to dominate the global market by type in 2016 in terms of market revenue followed by B pillar. On the basis of vehicle type, the market has been segmented into passenger vehicles and commercial vehicles. Among these, passenger vehicles has accounted the highest market share in 2016 in terms of revenue. On the basis of end market, the market has been segmented as OEMs and aftermarket. Among these, OEMs have registered the highest market share of 88.17% in 2016 in terms of revenue.
Geographically, global vehicle pillar market has been segmented as North America, Europe, Asia-Pacific and Rest of the World. Among the aforementioned regions, Asia Pacific region has accounted the largest market share of 33.57% followed by North America. The growth of the Asia-Pacific region can be attributed to the increase in adoption of passenger cars and therefore, the increase in adoption of Vehicle Pillar in the passenger cars. The recent shift in the preference from mileage to looks and features is also expected to result in the high demand for Vehicle Pillar. The global Vehicle Pillar market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. The demand for vehicle pillars is largely dependent on vehicle production in developing countries such as India and China. The vehicle production is growing, which in turn would push the demand for Vehicle Pillars. The market for Vehicle Pillar is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is a subsequent increase in demand for Vehicle Pillar market.
The global market for Vehicle Pillar is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront the market growth.
The prominent players in the vehicle pillar market include Unipres Corporation (Japan), Kirchhoff Automotive Gmbh (Germany), Tianjin Toyotetsu Automobile (Japan), Toyotomi Kiko Co (Japan), G-Tekt Corporation (Japan), Martinrea International (Canada), Aisin Market Scenario
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Global automotive exhaust gas recirculation (EGR) systems are expected to have a very broad market in the coming years. MRFR analysts have predicted that the passenger car segment is about to be valued at USD 19,242.3 million by the year 2023. Geographically, Asia Pacific is a major revenue generator in the global automotive exhaust gas recirculation (EGR) systems market, China being one of the most attractive markets for manufacturers. North America is the second leading region in terms of revenue, whereas Europe stood as the third leading region.
The global automotive exhaust gas recirculation (EGR) system, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the last couple of years, the automotive industry has flourished globally, with several technologies emerging in the market.. Geographically, Asia Pacific region has been the largest market for automotive exhaust gas recirculation system in 2016, followed by North America and Europe. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have been focusing on this region, and have planned to expand their operations in the Asia Pacific region. By the end of forecast year, the global market is expected to witness cut throat competition between North America and Europe, in terms of revenue and market share.
The major players operating in global automotive exhaust gas recirculation (EGR) system market, who have adopted the strategies such as geographic expansion, mergers, and acquisitions are Mahle GMBH (Germany), Wells Vehicle Electronics (US), BorgWarner Inc (US), Cambustion Ltd (UK), Delphi ANSYS Inc (UK), Denso Corporation (Japan), Eberspacher Group (Germany), ElringKlinger AG (Germany), IAV automotive engineering (Germany), Wells Vehicle Electronics (US), and Friedrich Boysen GmbH (Germany) .
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Table of Contents:
12 Company Profiles 83
12.1 Competitive Scenario 83
12.2 BorgWarner Inc. 85
12.3 MAHLE GmbH 88
12.4 ElringKlinger AG 91
12.5 Denso Corporation 95
12.6 Delphi Automotive PLC 98
12.7 Eberspacher Group 101
12.8 Cambustion Ltd. 103
12.9 IAV automotive engineering 104
12.10 Wells Vehicle Electronics 105
12.11 Friedrich Boysen GmbH & Co. KG 107
Continued…..
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