DUBLIN, Feb. 10, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/kqls78/vehicle_emission) has announced the addition of the "Vehicle Emission Standards & Impact Analysis by Emission Regulations, Fuel Type and by Region - Global Analysis and Forecast to 2020" report to their offering.
The automotive exhaust after-treatment systems market is estimated to be 141,366.05 Thousand units in 2015, and is projected to reach 206,430.48 thousand units by 2020, growing at a CAGR of 7.87% during the forecast period.
Stakeholders that would be affected by stringent emission regulations include vehicle manufacturers, component manufacturers, consumers, downstream stakeholders, and government regulatory bodies. The parameters that determine the exhaust emissions from vehicles are vehicular technology, quality of fuel, inspection and maintenance of the vehicle, and traffic management. Upcoming stringent automotive regulations are expected to create a strong link between the automotive industry and its stakeholders.
Asia-Oceania is projected to be the largest market for automotive exhaust after-treatment systems during the forecast period. Regulatory bodies in India, Japan, and South Korea have increased the stringency of their emission norms/regulations to match those of Europe and the U.S. India skipping directly to BS VI emissions norms in 2020 would increase the demand for exhaust after-treatment systems.
The North American automotive exhaust aftertreatment systems market is projected to grow at the highest CAGR from 2015 to 2020, as a result of stringent emission norms and high demand for low-emission vehicles, especially from the U.S. and Canada. Several OEMs are investing in the region, prompted by factors such as rigid emission regulations in the state of California and the high demand for ultra-low and super ultra-low emission vehicles.
The market for automotive exhaust aftertreatment systems is mainly driven by emission regulations that mandate the installation of exhaust aftertreatment systems in vehicles. The automotive exhaust aftertreatment systems market has witnessed consistent growth, owing to stringent emission regulations across the globe.
Companies Mentioned:
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Label-Free Detection Market, By Technology
7 Label-Free Detection Market, By Application
8 Label-Free Detection Market, By Product
9 Label-Free Detection Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/kqls78/vehicle_emission
Media Contact:
Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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