Published Date : Nov 28, 2016
ALBANY, NY, Nov 28, 2016: The report, titled, “Global Exhaust Gas Recirculation System Market in Commercial Vehicles 2016-2020” elaborates upon all the key aspects of the global exhaust gas recirculation system market in commercial vehicles. The top technological developments taking place in the market and their impact on the development of the market has also been encapsulated under this report. The competitive landscape section of the report throws light on the key players operating in the market and elaborates upon their product introductions and main strategies being adopted by them for enhanced penetration into the market. In addition, the strengths and weaknesses of the players have also been presented under this section of the study.
The first section of the study presents the market overview section and encapsulates the current and predicted size of the market. The global exhaust gas recirculation system market in commercial vehicles is predicted to expand at a CAGR of over 8.0% between 2016 and 2020. Due to the rising penetration of diesel engines in heavy-duty and medium vehicles, the exhaust gas recirculation (EGR) system market in commercial vehicles is predicted to grow in the coming years. EGR systems raise the vehicle efficiency by engine compression, thus fuelling the growth of the overall market.
The segmentation of the market comes next in the report. The exhaust gas recirculation system market in commercial vehicles is segmented in terms of application and geography. On the basis of application, the market is categorized into light-duty, heavy-duty, and medium-duty. Of these, the segment of light-duty vehicles emerged as the market leader in 2015, in terms of revenue and is poised to lead the market in forthcoming years.
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In terms of geography, the market is segmented into Europe, the Middle East, and Africa and the Americas. Of these, APAC held the most significant share in the EGR system market in commercial vehicles and is poised to maintain its superiority all through 2020. This is due to the increasing number of light-duty and heavy-duty diesel vehicles employed in this region.
In the next section, the dynamics impacting the development of the exhaust gas recirculation system market in commercial vehicles have been presented. The increasing regulations by governments on vehicular emission levels and the utilization of diesel engines in heavy duty and medium vehicles will fuel the growth of this market. In addition, the increased reliance on road for the movement of freight will also provide impetus to the development of the global exhaust gas recirculation system market in commercial vehicles. On the other hand, the rising substitutes being used in place of EGR system and the increasing electric cars’ sale may inhibit the development of the market.
As stated in the report, the prime vendors dominant in the market are Tenneco, Faurecia, BorgWarner, Cummins, and KSPG, among others.
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