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.