Automotive Exhaust Aftertreatment Systems Market Research Report Analysis and Forecast to 2025
The global automotive exhaust aftertreatment systems market
is projected to register notable growth during the forecast period (2019–2025).
Increasing greenhouse gas emissions by vehicles and growing implementation of
associated regulatory standards are the major factors expected to drive the
growth of the market. Globally, several governments are implementing stringent
emission regulations for gasoline and diesel vehicles to keep the air quality
level in check. This, in turn, is fueling the demand for exhaust aftertreatment
systems for vehicles across the world.
On the basis of fuel type, the automotive exhaust aftertreatment systems market has been categorized into gasoline and
diesel. Between the two, diesel-based systems held the larger share in the
market in 2018. Exhaust aftertreatment systems are mostly incorporated in
automobiles with diesel engines. The vehicles that propel on diesel emit more
harmful gases than those that run on gasoline, as gasoline contains
comparatively less impurities. This has led to the dominance of diesel-based
automotive exhaust aftertreatment systems in the market.
Geographically, Asia-Pacific led the automotive
exhaust aftertreatment systems market in 2018, with China evolving as the
largest automotive market owing to the presence of several major vehicle
manufacturers in the country. Besides, regulatory bodies in Japan, India, and
South Korea have risen the severity of their norms for vehicle gas emissions to
match those of the U.S. and Europe. India’s prospective move toward Bharat
Stage (BS VI) norms directly from BS IV emission norms is further expected to
increase the demand for exhaust aftertreatment systems in the country.
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The demand for automotive exhaust aftertreatment
systems is expected to observe positive growth on account of stringent emission
regulations set by several government agencies across the world. Manufacturers
of exhaust aftertreatment systems are, therefore, developing advanced
technologies that are compliant with gas emission regulations established by
several government regulatory firms.
Some of the major players operating in the
automotive exhaust aftertreatment systems market are Cummins Inc., Continental
AG, Delphi Automotive LLP, Donaldson Company Inc., Tenneco Inc., Dinex A/S, DCL
International Inc., Eberspächer Climate Control Systems GmbH & Co. KG, and
Friedrich Boysen GmbH & Co. KG.
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