Since last few years, the market has experienced a potential growth and is likely to grow at a steady pace over the anticipated period. Rising concerns towards environmental concerns combined with stringent regulations are likely to boost the growth of the market in the near future.
Global Automotive Exhaust Gas Recirculation (EGR) System Market: Drivers and Restraints
Some of the factors such as innovative technology, increasing disposable income, and growing urban population are responsible for the sales of new vehicles. This led to driving the growth of the global market for automotive exhaust gas recirculation (EGR) systems during the anticipated period. The market is also growing at a promising rate due to the booming in automotive sectors and the expansion of key players into developing economies.
However, stringent government regulations and the availability of substitutes are the major factors that create a negative impact on the growth of the market in the years to come. Another major trend, which is limiting the growth of the market is the growing adoption of (SCR) selective catalytic reduction over EGR systems technology. This has led to a decrease in the usage of Exhaust Gas Recirculation (EGR) System.
Global Automotive Exhaust Gas Recirculation (EGR) System Market: Leading Companies
Some of the top players functioning into the global market for automotive (EGR) System are Yinlun Machinery, BorgWarner, Zhejiang Jiulong, Denso, Gits Manufacturing, Rheinmetall Automotive, Yibin Tianruida, Continental, Klubert + Schmidt, Delphi, MEET Automotive, Korens, Longsheng Technology, Mahle, Tenneco, Keihin, Faurecia, and Eberspacher. Denso, Rheinmetall Automotive, Continental, and BorgWarner are expected to be the leading market players in the automotive EGR system.
Continental Resources, Inc. to Post Q2 2019 Earnings of $0.40 per Share, B. Riley Forecasts (CLR)
Continental Resources, Inc. has announced its quarterly earnings on February 18, 2019. The oil and natural gas firm have reported $0.54 (EPS) earnings per share for the quarter. The company's ROE is 18.28% and net profit is 20.99%. The firm had revenue of $1.15 billion for the quarter as compared to analyst estimates of $1.17 billion. During the same quarter for the last year, the Continental Resources had shown earnings per share of $0.41. The firm's revenue was up 9.8% with a comparison to the same quarter last year. The firm's quick ratio is 0.85, a debt-to-equity ratio is 0.90, and a current ratio is 1.02. The company has a year high of $71.95 and a year low of $35.54. Continental Resources capital is $16.56 billion, a beta is 1.50, a price-to-earnings ratio is 15.77, and a price-to-earnings-growth ratio is 1.43.
Global Automotive Exhaust Gas Recirculation (EGR) System Market: Segmental Analysis
The global market for automotive EGR system is segmented on the basis of applications and product type. The application segment is segmented into Gasoline Engine and Diesel Engine. Based on the product type, the automotive EGR system market is sub-segmented into ECU, EGR Valves, EGR Sensors, and EGR Coolers.
Global Automotive Exhaust Gas Recirculation (EGR) System Market: Geographical Analysis
Asia Pacific is showing a remarkable growth in the global automotive exhaust gas recirculation system market due to the presence of developing economies such as China and India. In Europe, vehicles undergo a strict check for compliance with production standards. Other countries such as Japan and the US have also adopted the same regulations for the automotive industries. The preliminary aim of these legislations is to reduce the release of PM and NOx from the vehicle's fuel.
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