LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent commercial vehicles exhaust gas recirculation (EGR) system market in APAC report. This research report also lists three other prominent vendors that are expected to impact the market during the forecast period.
The global EGR system market will reach sales volumes from 3.71 million units in 2016 to 4.61 million units by 2021, growing at a CAGR of 4.44% during the forecast period. All the commercial vehicles operating on diesel engines have been equipped with EGR systems since 2004. The stringent emission regulations that were first adopted in Europe and the US have been adopted by the other countries to control vehicular pollution.
Competitive vendor landscape
The commercial vehicles EGR system market is a moderately competitive market as EGR systems have full penetration in the commercial vehicles market of APAC. The market has a limited number of well-established vendors. BorgWarner is among the leading suppliers of EGR in APAC. The company expects its EGR systems business in India to grow at a double-digit rate over the next few years. It is a leading EGR system supplier to major Indian commercial vehicle OEMs like Tata Motors, Ashok Leyland, and Volvo Eicher, keeping the high growth rate of EGR in the Indian market.
“The key vendors in the market are currently looking to expand their customer base and are increasing their investments in R&D. The competitive environment in the market will intensify with advances in technology and government regulations. Increasing stringency of emission norms will drive OEMs to invest into upgrading EGR systems to complement the existing emission regulations systems used in commercial vehicles,” says Praveen Kumar, a lead aerospace components research analyst from Technavio.
Most of the advances in the market are due to the stringent emissions norms, especially in Indian and Chinese markets. OEMs have been introducing updated EGR systems like variable EGR systems for maintaining compliance with emission regulations using advanced EGR systems.
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Top six commercial vehicles EGR system market vendors in APAC
BorgWarner is presented in 56 locations spread across 19 countries. It has an employee strength of 30,000 spread across its global manufacturing units. In India, BorgWarner has a joint venture with Brakes India Private Limited to form TEL Ltd. It has a manufacturing unit in Chennai, India. The company's revenue in 2015 was USD 8,056.7 million.
Cummins has a well-diversified portfolio serving in industries like automotive and aerospace and defense. The company also services engines and related equipment, including fuel systems, controls, air handling, filtration, emission control, and electrical power generation systems.
Delphi Automotive is a global technology company that provides a wide range of products and solutions for automotive and commercial vehicle sectors, which help make vehicles safe, environment-friendly, and cost-effective. The company's net sales amounted to USD 16.66 billion in 2016.
Faurecia is an automotive parts manufacturer that designs and manufactures exhaust systems, seats, exterior modules, interior systems, and vehicle decoration. Faurecia’s key customers include PSA Citroen, Volkswagen group, Ford, Renault-Nissan, BMW, General Motors, Toyota, Fiat/Chrysler, and Hyundai-Kia.
MAHLE is one of the major players in commercial vehicles EGR system market. The company offers EGR units for Hyundai, Kia, and GM Korea. The company manufactures cooling modules, low-temperature radiators, oil heating and cooling systems, EGR coolers, charge air coolers, and thermostats and control valves.
Tenneco is an automotive parts manufacturer that specializes in manufacturing, designing, and distributing of ride performance and clean air products for commercial truck, off-highway markets, aftermarkets, and automotive market. It employs about 29,000 employees worldwide and has about 90 manufacturing facilities in six continents and 15 engineering centers.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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