Automotive Exhaust Heat Recovery System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Exhaust Heat Recovery System Market is segmented by Technology (Exhaust Gas Recirculation and Turbocharger), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography.

Market Snapshot

Automotive Exhaust Heat Recovery Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >8 %
Automotive Exhaust Heat Recovery Market Key Players

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Market Overview

The Automotive Exhaust Heat Recovery market is anticipated to register a CAGR of about 8 %, during the forecast period (2020 – 2025).

  • The major factors driving the growth of the market are growing environmental concerns, enactment of stringent emissions and fuel economy norms and the increasing awareness about the environment protection among the end users.
  • Another major driver for Automotive Exhaust Heat recovery systems market is the sales of passenger cars and commercial vehicles. The year 2020 is expected to be a transitional year after a couple of year of decline in sales it is expected to get back on the growth track from 2021. The CAGR of vehicles sales is expected to be 8.22 %.

Scope of the Report

The Automotive Exhaust Heat Recovery System market covers the latest trends and technological developments as well as provides an analysis of the market demand on various segments like technology type and vehicle type. Regional and country-level analysis, as well as the market share of major automotive exhaust heat recovery system suppliers across the globe, will be covered in the scope of the report.

Technology
Exhaust Gas Recirculation (EGR)
Turbocharger
Vehicle Type
Passenger Car
Commercial Vehicle
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
United Arab Emirates
Other Countries

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Key Market Trends

Rise in Electric Vehicles Demand Hindering the Market Growth

There has been an increase in the sales of electric vehicles in the world. There were close to 112,000 electric vehicles operating in the world in 2012. In just 6 years, in 2018, electric vehicles fleet crossed 3.2 million mark in the globe, with China, US, Norway being the fast adopters. The rapid adoption of electric vehicles will drop the demand of exhaust heat recovery system as there is no requirement for exhaust heat recovery system in electric vehicles as there are no exhaust gases from the electric vehicle.

Automotive Exhaust Heat Recovery Market Revenue Share

Asia-Pacific is Expected to be the fastest growing region

Asia-pacific accounts for almost 60 % of the world’s population, the demand for vehicles is expected to be the highest in the region for the forecasted period. Also, the government regulations are becoming strict in the region, for example, BS-VI standards enforced by Govt. of India to regulate the expelled pollutants from motor vehicles. With addition of environmental norms, exhaust heat recovery systems will be more in demand as these systems not only reduces the percentage of pollutants coming out from the vehicles but also increase the fuel efficiency of the vehicle. With the growing pollution levels in the region, people are becoming more aware about the environment and more concerned about the emissions from the car they purchase.

The rapidly progressing and tightening of exhaust emission standards in China is forcing manufacturers to achieve a further sustained reduction in particulate and nitrogen oxide emissions. In order to comply with the current Chinese 6a emissions standard. Additional exhaust-gas recirculation measures are thus mandatory for commercial vehicles in the on- and off-highway sector.

Automotive Exhaust Heat Recovery Market Growth Rate By Region

Competitive Landscape

The companies are making new strategic partnerships, investing majorly in R&D projects and launching new products in the market for being ahead of their rivalries. For instance, in January 2020 BorgWarner announced that they will be acquiring Delphi Technologies in an all share deal, for which they valued Delphi technologies at USD 3.3 billion. This deal will increase the reach for BorgWarner to new territories and increase the customer base. The combined is expected to be one of the leaders in serving light and commercial vehicle manufacturers and aftermarket.

In February 2020, BorgWarner introduced EGR technology which follows India’s BS-VI and CAFÉ (Corporate Average Fuel Economy) regulations. It is supplying the new developed components to a market leader in India and to its European plant for its 1.5 L gasoline engine, designed to meet the new BS-VI emission norms. The technology will help the automaker to meet India CAFÉ CO2 emission standards which are currently set at 130 g/km, which are expected to fall at 113 g/km by 2022.

In June 2019, Rheinmetall Automotive received USD 171 million order from a Chinese manufacturer through the Pierburg subsidiary. This deal has enabled the company to include China's fourth renowned commercial vehicle manufacturer among its customers adding to expand its customer base and increasing the revenue.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Exhaust Gas Recirculation (EGR)

      2. 5.1.2 Turbocharger

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Car

      2. 5.2.2 Commercial Vehicle

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 United Arab Emirates

        3. 5.3.4.3 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Delphi Technologies

      2. 6.2.2 Valeo Service

      3. 6.2.3 Denso

      4. 6.2.4 Faurecia

      5. 6.2.5 Mahle

      6. 6.2.6 Rheinmetall Automotive

      7. 6.2.7 Mitsubishi Electric

      8. 6.2.8 Calsonic Kansai

      9. 6.2.9 Continental AG

      10. 6.2.10 Borgwarner

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Exhaust Heat Recovery System Market market is studied from 2018 - 2026.

The Automotive Exhaust Heat Recovery System Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Delphi Technologies, Continental AG, Denso , Rheinmetall Automotive, Faurecia are the major companies operating in Automotive Exhaust Heat Recovery System Market.

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