A new report has been published by Stratview Research, titled, “Automotive Gasoline EGR Systems Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019–2024.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the Automotive Gasoline EGR Systems Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
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 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, an 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.
Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.
The market is segmented based on the vehicle type as passenger car and commercial vehicles. Passenger car is expected to remain the dominant segment of the automotive gasoline EGR systems market during the forecast period and is also likely to exhibit faster growth during the same period. 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. High-pressure EGR system is used at lower engine speeds and load and it is more suitable for transient operation as it is not linked with long air paths.
Low-pressure EGR system is likely to witness the 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 the cylinder walls, reduction in knock mitigation, and perfect cylinder-to-cylinder distribution.
In terms of regions, 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.
Covid-19 Impact on the Automotive Gasoline EGR Systems Market-
As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the Automotive Gasoline EGR Systems Market along with a list of Key players.
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Report Features -
This market report includes the following features –
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints.
- Market trend and forecast analysis.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
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