Commercial Vehicle EGR System Market in APAC 2017-2021

Overview of the commercial vehicle EGR system market in APAC

Market research analysts at Technavio predict that the commercial vehicle exhaust gas recirculation (EGR) system market in APAC will grow steadily during the next four years and in terms of units, will post a CAGR of almost 5% by 2021. This market research analysis identifies the growth of the e-commerce industry in countries such as China as one of the primary growth factors for this market. Due to factors such as the rise in usage of the Internet, increased number of online shoppers, and the rise in per capita income of the people, the recent years witnessed a significant increase in the growth of the e-commerce industry in Asia. It has been observed that due to features such as the availability of multiple opportunities for customers to choose from and real-time reviews on products, the e-commerce industry will post an impressive growth in China during the predicted period. This will demand the need for express delivery services and induce delivery service providers to purchase new commercial vehicles to meet the rising demand, subsequently fueling the growth of the EGR systems market in the next few years.

With the increasing awareness towards the need to reduce pollution levels, governments in the region will start focusing on encouraging the usage of natural gas engines in commercial vehicles, since a natural gas engine produces about 25% fewer carbon emissions than a diesel engine. A few countries in the APAC have already started initiatives to promote the adoption of natural gas engine commercial vehicles. For instance, the Chinese government has already made huge investments towards the development of automotive technology operating on natural gas, which will drive original equipment manufacturers (OEMs) to build more commercial vehicles compatible with natural gas.

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• Identify latent opportunities and explorative solutions in the Commercial vehicle EGR system market in APAC
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Competitive landscape and key vendors

The market is characterized by the presence of a limited number of well-established vendors and appears to be moderately competitive. Focusing on expanding their customer base, the major EGR valve manufacturers are currently increasing their investments in R&D. With technological advancements and the introduction of government regulations, the competitive environment in the commercial vehicle exhaust emission systems market will further intensify in the coming years. One of the major vendors BorgWarner is currently the leading supplier of EGR valves in APAC and supplies EGR systems to major Indian commercial vehicle OEMs such as Tata Motors, Ashok Leyland, and Volvo Eicher.

The leading vendors in the market are -

• BorgWarner
• Cummins
• Delphi Automotive
• Faurecia
• MAHLE
• Tenneco

The other prominent vendors in the market are Wuxi Longsheng, Pierburg, and Zhejiang Yinlun Machinery.

Segmentation by application and analysis of the commercial vehicle EGR system market in APAC

• Heavy-duty commercial vehicles (HCV)
• Medium-duty commercial vehicles (MCV)

During 2016, the HCV segment accounted for the major shares and dominated the exhaust recirculation valve market. The increased preference for express delivery options offered by e-commerce platforms in China that encourages operators to increase their fleet of heavy-duty trucks will be a major factor fueling the growth of this market segment. Additionally, the rise in investments towards infrastructure development in countries including India, Japan, and South Korea that demands the transportation of raw materials and other bulk items will also play a significant role in the growth of the commercial vehicle exhaust emission systems market in this segment.

Segmentation by country and analysis of the commercial vehicle EGR system market in APAC

• China
• Japan
• India
• South Korea

This market research and analysis estimates that China will be the major revenue contributor to the commercial vehicle EGR system market in APAC throughout the forecast period. The rise in industrial activities that have led to a subsequent decrease in air quality levels will induce the government to update its emissions standards. This will compel OEMs to recalibrate or upgrade the EGR systems, driving the growth of the market. Moreover, the availability of low-cost labor and the easy availability of raw materials that attract several companies to start manufacturing plants in the country, will drive the sales for commercial vehicles, which will in turn, boost the growth prospects of the EGR systems market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the commercial vehicle EGR system market in APAC?
• What are the key market trends impacting the growth of the commercial vehicle EGR system market in APAC?
• What are the challenges to market growth?
• Who are the key vendors in the commercial vehicle EGR system market in APAC?
• What are the market opportunities and threats faced by the vendors in the commercial vehicle EGR system market in APAC?
• Trending factors influencing the market shares of APAC.
• What are the key outcomes of the five forces analysis of the commercial vehicle EGR system market in APAC?

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