Asia Pacific EGR Valves Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Electric EGR Valves and Pneumatic EGR Valves), Application (Gasoline Engine and Diesel Engine), and Vehicle Type (Passenger Cars, LCV, and MCV and HCV)
The EGR valves market in APAC is expected to grow from US$ 463.00 million in 2021 to US$ 635.03 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.
The automotive sector is constantly expanding. Vehicle manufacturing is one of the most important industries. In addition, the industry is growing due to rising automotive sales and increasing need for emission-free technologies. Market revenues are influenced by rising economic growth and manufacturing and sales of self-powered automobiles across the region. Collaboration, mergers and acquisitions, expansion, and technology launches are common strategic tactics in the automobile business. Leading industry companies invest strategically in research and development and expansion plans. For example, in August 2021, the Indian government unveiled a one-of-a-kind program called the Automotive Mission Plan to increase the vehicle sector's contribution to national GDP to 12% and create roughly 50 million new employments. India's automobile industry is critical to the country's goal of becoming a US$ 5 trillion economy. As a result, the government wants to boost the auto industry's GDP contribution and job creation. Several multinational car brands are now available in APAC, and the governments are encouraging these companies to promote alternative fuel vehicles. Hence, as the vehicle industry expands, new possibilities for component manufacturers will emerge.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the EGR valves market. The APAC EGR valves market is expected to grow at a good CAGR during the forecast period.
APAC EGR Valves Market Revenue and Forecast to 2028 (US$ million)
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APAC EGR Valves Market Segmentation
The APAC EGR valves market is segmented based on type, application, vehicle type, and country. Based on type, the market is segmented into electric EGR valves and pneumatic EGR valves. The pneumatic EGR valves segment dominated the market in 2020 and electric EGR valves segment is expected to be the fastest growing during the forecast period. Based on application, the market is segmented into gasoline engine and diesel engine. The diesel engine segment dominated the market in 2020 and gasoline engine segment is expected to be the fastest growing during the forecast period. Based on vehicle type, the market is segmented into passenger cars, LCV, MCV, and HCV. The LCV segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, APAC EGR valves market is classified into Australia, China, India, Japan, South Korea, and the Rest of APAC. BorgWarner Inc.; Continental AG; Denso Corporation; Korens. Co., Ltd.; Mahle GmbH; Mitsubishi Electric Corporation; Nissens Automotive A/S; Rheinmetall Automotive AG; Tenneco Inc.; and Valeo are among the leading companies in the APAC EGR valves market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC EGR Valves Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC EGR Valves Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Demand for Commercial Vehicles
5.1.2 Surging Demand for Emission Reducing Technology
5.2 Market Restraints
5.2.1 Stringent Rules Imposed by Governments
5.3 Market Opportunities
5.3.1 Burgeoning Automotive Industry
5.4 Future Trends
5.4.1 Growing Technological Innovations
5.5 Impact Analysis of Drivers and Restraints
6. EGR Valves Market – APAC Analysis
6.1 APAC EGR Valves Market Overview
6.2 APAC EGR Valves Market Revenue Forecast and Analysis
7. APAC EGR Valves Market Analysis – By Type
7.1 Overview
7.2 APAC EGR Valves Market, By Type (2020 And 2028)
7.3 Electric EGR valves
7.3.1 Overview
7.3.2 Electric EGR valves: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
7.4 Pneumatic EGR valves
7.4.1 Overview
7.4.2 Pneumatic EGR valves: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
8. APAC EGR Valves Market Analysis – By Application
8.1 Overview
8.2 APAC EGR Valves Market, By Application (2020 And 2028)
8.3 Gasoline Engine
8.3.1 Overview
8.3.2 Gasoline Engine: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
8.4 Diesel Engine
8.4.1 Overview
8.4.2 Diesel Engine: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9. APAC EGR Valves Market Analysis – By Vehicle Type
9.1 Overview
9.2 APAC EGR Valves Market, By Vehicle Type (2020 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Passenger Cars: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
9.5 MCV AND HCV
9.5.1 Overview
9.5.2 MCV and HCV: EGR valves Market Revenue and Forecast To 2028 (US$ Million)
10. APAC EGR Valves Market – Country Analysis
10.1 Overview
10.1.1 APAC: EGR valves Market, by Key Country
10.1.1.1 Australia: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: EGR valves Market, by Type
10.1.1.1.2 Australia: EGR valves Market, By Application
10.1.1.1.3 Australia: EGR valves Market, By Vehicle Type
10.1.1.2 China: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: EGR valves Market, by Type
10.1.1.2.2 China: EGR valves Market, By Application
10.1.1.2.3 China: EGR valves Market, By Vehicle Type
10.1.1.3 India: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: EGR valves Market, by Type
10.1.1.3.2 India: EGR valves Market, By Application
10.1.1.3.3 India: EGR valves Market, By Vehicle Type
10.1.1.4 Japan: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: EGR valves Market, by Type
10.1.1.4.2 Japan: EGR valves Market, By Application
10.1.1.4.3 Japan: EGR valves Market, By Vehicle Type
10.1.1.5 South Korea: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: EGR valves Market, by Type
10.1.1.5.2 South Korea: EGR valves Market, By Application
10.1.1.5.3 South Korea: EGR valves Market, By Vehicle Type
10.1.1.6 Rest of APAC: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: EGR valves Market, by Type
10.1.1.6.2 Rest of APAC: EGR valves Market, By Application
10.1.1.6.3 Rest of APAC: EGR valves Market, By Vehicle Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 BorgWarner Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nissens Automotive A/S
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Korens. Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Mahle GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Mitsubishi Electric Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rheinmetall Automotive AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Tenneco Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Valeo
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC EGR Valves Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: EGR valves Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. China: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. China: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. China: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. India: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. India: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. India: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: EGR valves Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: EGR valves Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: EGR valves Market, By Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC EGR Valves Market Segmentation
Figure 2. APAC EGR Valves Market Segmentation – By Country
Figure 3. APAC EGR Valves Market Overview
Figure 4. APAC EGR Valves Market, By Type
Figure 5. APAC EGR Valves Market, By Country
Figure 6. APAC – PEST Analysis
Figure 7. APAC EGR valves Market- Ecosystem Analysis
Figure 8. APAC EGR Valves Market Impact Analysis of Drivers and Restraints
Figure 9. APAC EGR Valves Market Revenue Forecast and Analysis (US$ Million)
Figure 10. APAC EGR valves Market, By Type (2020 And 2028)
Figure 11. APAC Electric EGR Valves: EGR Valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Pneumatic EGR Valves: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC EGR Valves Market, By Application (2020 and 2028)
Figure 14. APAC Gasoline Engine: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Diesel Engine: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC EGR Valves Market, By Vehicle Type (2020 and 2028)
Figure 17. APAC Passenger Cars: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC LCV: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC MCV and HCV: EGR valves Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC: EGR Valves Market, by Key Country – Revenue (2020) (US$ Million)
Figure 21. APAC: EGR valves Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. Australia: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of APAC: EGR valves Market – Revenue and Forecast to 2028 (US$ Million)
- BorgWarner Inc.
- Continental AG
- Denso Corporation
- Korens. Co., Ltd.
- Mahle GmbH
- Mitsubishi Electric Corporation
- Nissens Automotive A/S
- Rheinmetall Automotive AG
- Tenneco Inc.
- Valeo
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