The Global Automotive Exhaust Aftertreatment Systems Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
Top Companies in the Global Automotive Exhaust Aftertreatment Systems Market are CDTi Advanced Materials Inc, Continental Reifen Deutschland GmbH, Cummins Inc., DCL International Inc., Delphi Technologies PLC, Dinex, Donaldson Company, Inc., ESW Group, European Exhaust and Catalyst Ltd., Nett Technologies Inc., Tenneco Inc and Others.
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Key Market Trends
Stringent Emission Regulations Driving the Market
The demand for diesel engines is expected to witness a positive growth from the rise in commercial vehicle sales, owing to the growing construction industry and developing logistics market (primarily due to the rise in the e-commerce business).
The emission standards for diesel engines are becoming more stringent gradually and have forced manufacturers to develop advanced exhaust aftertreatment systems.
For instance, according to Eurostat, over 75% of inland cargo transports within the European Union (i.e., about 1,750 billion metric ton-kilometers (tkm)) travel by road. In some European countries, this percentage goes as high as 90% or more.
– As a result, the demand for commercial vehicles has been continually increasing in the region, owing to growth in the logistics industry.
The Government of India announced to skip BS-V and leapfrog to BS-VI emission norms by 2020, opening up new opportunities for the exhaust aftertreatment system market in the country. Strong economic growth in Asia-Pacific has increased the purchasing power of consumers in the region.
Majority of the diesel engines are able to convert in between 40% to 46% of the fuel energy, while the remaining is lost in the environment as heat, through exhaust emissions, and cooling systems.
With the enactment of Euro VI emission for heavy-duty engines, the burden on commercial vehicle manufacturers has increased.
Asia-Pacific Market Growing at a Faster Pace
As of 2019, Asia-Pacific dominated the global market with China emerging as the largest automotive destination, with major OEMs setting up manufacturing plants in the country. Government is playing a pivotal role in the shift toward electric vehicles. To cut carbon emission and reduce dependence on non-renewable sources of energy, governments of various countries have implemented programs to boost the electric vehicle infrastructure and are supporting with funds for manufacturers to set up new factories and encourage customers to purchase.
China is the worlds largest automotive market, accounting for more than 32% of the global passenger vehicle sales and 15% of the global commercial market sales.
China targets a reduction of 50% for hydrocarbons, 40% for Nitrogen Oxides (NOx), and 33% for particulate matter over Euro 6 Levels. New gasoline vehicles in China are made mandatory to meet the regulations.
There has been tremendous growth in demand for electric cars across the world. China led the market with a 102% growth between the first quarters of 2015 and 2016.
Owing to an issue in the exhaust system, Volkswagen in the United States has recalled more than 84,000 units of its Passat models.
Similarly, several leading automakers, such as Audi, Chevrolet, Honda, among others, have also recalled few of their models under the same issue. This move has created a negative impact on the market.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Automotive Exhaust Aftertreatment Systems market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the global Automotive Exhaust Aftertreatment Systems market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focused in the research study. It discusses about prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Automotive Exhaust Aftertreatment Systems market.
Market Segments: This part of the report discusses about product type and application segments of the global Automotive Exhaust Aftertreatment Systems market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach Automotive Exhaust Aftertreatment Systems used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
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