The global Automotive exhaust emission control device market is expected to witness 6.3% CAGR during the period, 2019 to 2023.
Global Vehicle Emission Control Devices Market to Post a Steady Growth over 2023
On the back of stricter emission control regulations, more and more vehicles are being integrated with exhaust emission control devices. This industry trend has bolstered the market prospects of automotive exhaust emission control device. Market Research Future (MRFR) reports that the global automotive exhaust emission control device market will exhibit a sound growth over the next couple of years.
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These devices are witness a fast uptake in the automotive sector. They help is reducing emission of noxious gases such as hydrocarbons (HC), nitrogen oxides (NO), and carbon monoxide (CO) by a vehicle. In a vehicle, these devices are usually integrated with ignition systems, intake manifolds, and combustion chambers. One of the key advantages of exhaustive emission control device is the high fuel-economy. Integration of such devices can significantly improve the fuel economy of a vehicle.
The global automotive exhaust emission control device market is expected to benefit from the rising emission standards along with the increased focus of leveraging automotive solutions that ensure sustainability in the long run. Despite the progress in electric vehicle segment, combust engine vehicles continue to rule the roost. Demand for both passenger and commercial vehicles has witness a significant uptick, with countries like India and China touted as lucrative automotive markets.
Car manufacturers are expanding production capacity to cater to the demand arising from emerging markets in Asia, Latin America, the Middle East and Africa. Growth of industries in these regions, especially in Asia has led to an increased demand for commercial vehicles. While vehicle demand remains strong, environmental pressure continues to grow on the automotive sector. The sector has been witnessing several regulatory and technological transformations. These factors are having a cumulative effect on the global automotive exhaust emission control devices market.
Production innovation remain a major area of focus for OEMs, which is expected to have an impact on the market in the forthcoming years. Technological advances in the emission control device are making them effective and viable. The arrival of technologies such as selective catalytic reduction (SCR) and three-way catalytic converter (TWC) is supporting the adoption of exhaust emission control devices.
Global Vehicle Emission Control Devices Market: Segmental Analysis
MRFR in its report covers a detailed segmental analysis of the market based on materials, vehicle type, device type, engine type, sales channel and region.
Based on materials, key segments include platinum, palladium and rhodium. Based pf vehicle type, key segments include commercial vehicles and passenger cars. Based on device type, key segments include Selective Catalytic Reduction (SCR), Diesel Oxidation Catalyst (DOC), Three-Way Catalytic Converter (TWC), Gasoline Particulate Filter (GPF), Diesel Particulate Filter (DPF) and Lean NOx Trap (LNT). By engine type, key segments include hybrid, diesel and gasoline. By sales channel, key segments include aftermarket and OEM.
Global Automotive Exhaust Emission Control Device Market: Regional Analysis
On the basis of region, the market has been segmented into Asia Pacific (APAC), North America, Europe and the rest of the world (RoW). Among these, Asia Pacific (APAC) is expected to represent a standout share of the global market for automotive exhaust emission control device during the assessment period. Growth of the automotive sector coupled with the economic in countries such as China and India has reflected favourably on the market in APAC. Sales of automobiles have grown substantially in these countries consequently a rise in Co2 emission is also observed in many APAC countries. These factors are collectively providing an impetus to the region’s market.
Global Automotive Exhaust Emission Control Device Market: Competition Analysis
Denso Corporation (Japan), Continental Emitech Gmbh (Germany), Eberspächer (Germany), Tenneco Inc. (USA), Faurecia (France), Johnson Matthey (UK), CDTi Advanced (California), Albonair GmbH (Germany), Bosal (Belgium) and Bosch Rexroth (Germany) are among the leading market players covered in MRFR’s report.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3 Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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