Automotive Exhaust Gas Recirculation System Market – Increased Preference for Export-oriented Manufacture Drives Growth | Technavio
LONDON–(BUSINESS WIRE)–#Automotive—Technavio
market research analysts forecast the global
automotive exhaust gas recirculation system market to grow at a
CAGR of close to 12% during the period 2018-2022, according to
their latest report.
The proliferation of advanced Euro emission standards in emerging
countries is one of the major trends being witnessed in the market. The
rising air pollution levels in emerging countries are driving the
governing bodies to upgrade the existing vehicle emission standards to
be equivalent to Euro 5 and Euro 6 emissions standards by 2022. Euro 6
is the most advanced emission regulations to be formulated in emerging
countries. Air pollution levels in China increased substantially in
2017. The Government of China had undertaken various measure to curb the
amount of air pollution since 2013. The country imposed an odd-even rule
to restrict the number of cars on the road, restricted sales of
vehicles, reduced consumption of coal, and encouraged the use of
electric cars since 2016 to control air pollution. Increasing the
stringency of vehicle emission regulations will further decrease
particulate matter levels in the air without having to restrict the
sales of vehicles.
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In this report, Technavio analysts highlight the increased preference
for export-oriented manufacture as a key factor contributing to the
growth of the global automotive
exhaust gas recirculation system market:
Increased preference for export-oriented
manufacture
Increasing export-oriented manufacture of automobiles is driving the
adoption of emission standards, which require the use of an automotive
exhaust gas recirculation system. Automotive exhaust gas recirculation
system is an important technology used in vehicles for controlling NOx
emissions. Most of the countries have implemented emission standards
that restrict NOx emissions. Thus, vehicles manufactured in countries
not following stringent emission standards cannot be exported to many
countries because of non-compliance with the stringent emission
standards followed in the receiving countries.
According to a senior analyst at Technavio for automotive
components, ÔÇ£The Ministry of Environment and Forestry of
Indonesia has implemented a regulation for vehicle manufacturers to
produce vehicles compliant with Euro 4 emissions standards from 2017.
The Ministry cited the inability to export vehicles manufactured in
Indonesia to other nations as the reason for implementing Euro 4
emission standards as many of the neighboring nations follow Euro
emission standards 4 or higher.ÔÇØ
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Global automotive exhaust gas recirculation
system market segmentation
This market research report segments the global automotive
exhaust gas recirculation system market into the following
applications (passenger car and commercial vehicle) and key regions (the
Americas, APAC, and EMEA). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
Of the two major applications, the passenger car segment held the
largest market share in 2017, accounting for nearly 65% of the market.
The market share occupied by this segment is expected to increase by
nearly 5% during the forecast period.
The Americas was the leading region for the global automotive exhaust
gas recirculation system market in 2017, accounting for a market share
of more than 37%. The market share occupied by this region will decrease
by almost 4% by 2022. However, the Americas will dominate the global
market throughout the forecast period.
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