Please Wait.....
Report
Automotive Exhaust Aftertreatment Systems Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 70 Pages I Mordor Intelligence
The automotive exhaust aftertreatment systems market was valued at USD 23.7 billion in 2021 and is anticipated to reach USD 54.4 billion in 2027, registering a CAGR of over 18.5% during the forecast period (2022-2027).
The COVID-19 pandemic had a severe impact on the market. With the record low sales of passenger and commercial vehicles worldwide, the demand for exhaust after-treatment systems was almost significantly affected. The lockdown and social distancing norms worldwide caused the aftermarket business of the after-treatment systems to plummet. However, with the restrictions gradually being relaxed, the growing need for lesser emissions from vehicles of all sizes, and strict emission norms levied by governments of different nations, the future market for this industry looks hopeful.
Technical difficulties, such as high pressure to force the exhaust through the filtering system, unavailability of these systems for biodiesel, passive regeneration system requiring highway driving to clean the accumulated soot, and complicated set-up for urea injection have acted as barricades for the market growth. However, the recovering global automotive industry and increasing production sites in developing nations, such as Mexico and India, are opening up new opportunities for market growth by 2027.
Automotive Exhaust Aftertreatment Systems Market Trends
Stringent Emission Regulations Driving the Market
The demand for diesel engines is expected to witness positive growth due to the surge in commercial vehicle sales, owing to the growing construction industry and developing logistics market (primarily due to a rise in the e-commerce business).
Emission standards for diesel engines are becoming more stringent gradually. Adhering to such standards has forced manufacturers to develop advanced exhaust after-treatment systems.
For instance, the Government of India announced to skip BS-V and leapfrog to BS-VI emission norms in April 2020, opening new opportunities for the exhaust after-treatment systems market. Strong economic growth in Asia-Pacific increased the purchasing power of consumers in the region.
The majority of diesel engines can convert between 40% to 46% of the fuel to propulsion 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. Manufacturers are looking at the most efficient type of filter that can be installed in the exhaust aftertreatment systems for diesel vehicles, with an aim to provide least or zero particulate emissions and meet the emission standards set by different governments.
Asia-Pacific Market Growing at a Faster Pace
In 2021, Asia-Pacific dominated the global market. China emerged as the largest automotive destination, with major OEMs setting up manufacturing plants in the country. The government is playing a pivotal role in the shift toward electric vehicles. To cut carbon emissions and reduce dependence on non-renewable sources, governments of various countries have implemented programs to boost the electric vehicle infrastructure. They are supporting manufacturers with funds to set up new factories and to encourage customers to purchase. Despite many efforts, the need for diesel-powered vehicles is especially observed in commercial vehicles used for mass transport or mining purposes.
China is the world's largest automotive market, accounting for more than 35% of the global passenger vehicle sales and 15% of the global commercial market sales. With numerous active vehicles in the country, the government is coming up with various strategies to reduce emissions. For instance,
China targets a reduction of 50% for hydrocarbons, 40% for nitrogen oxides (NOx), and 33% for particulate matter in terms of the China 6 emission standards. New gasoline vehicles in China are made mandatory to meet the regulations. For instance, from January 2021, China 5 emission standard vehicles are not permitted for sales due to the oncoming of China 6 standards.
India also introduced strict emission standards, due to which the aftertreatment systems market is expected to grow in the country. The huge market for the automobile industry in the country is an added advantage.
With such stringent emission standards in the region, the market for exhaust aftertreatment systems is looking at a good growth potential in the coming years up to the forecast period.
Automotive Exhaust Aftertreatment Systems Market Competitor Analysis
Some of the major players dominating the market are CDTi Advanced Materials Inc., Delphi Technologies PLC, Continental Reifen Deutschland GmbH, Tenneco Inc., and Donaldson Company Inc., among others. The companies are planning to tap the market by introducing or expanding their product portfolio. Increasing pressure from emission regulation authorities has forced manufacturers to come up with new technologies, which reduce the emission of polluting gases from the exhaust. This has compelled the manufacturers to increase R&D spending, to manufacture better exhaust aftertreatment technologies. For instance,
In March 2021, Eaton and Tenneco partnered to build an integrated thermal management system that will enable commercial vehicles to meet stringent emission regulations. This system provides heat directly to the aftertreatment systems that can reduce harmful exhaust emissions.
The increasing number of suppliers of exhaust aftertreatment systems and their joint ventures with local suppliers putting emphasis on expanding their presence resulted in improving production capacity.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Fuel Type
5.1.1 Gasoline
5.1.2 Diesel
5.2 Vehicle Type
5.2.1 Passenger Cars
5.2.2 Commercial Vehicles
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Spain
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 CDTi Advanced Materials Inc.
6.2.2 Continental Reifen Deutschland GmbH
6.2.3 Cummins Inc.
6.2.4 DCL International Inc.
6.2.5 Delphi Technologies PLC
6.2.6 Dinex
6.2.7 Donaldson Company Inc.
6.2.8 ESW Group
6.2.9 European Exhaust and Catalyst Ltd
6.2.10 Nett Technologies Inc.
6.2.11 Tenneco Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security