Automotive Exhaust Aftertreatment Systems Market- Global Industry 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.
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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.
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.