Automotive Exhaust Aftertreatment Systems Market Worth 206,430.48 Thousand Units by 2020
04 Feb, 2016, 01:30 GMT
PUNE, India, February 4, 2016 /PRNewswire/ --
The report "Vehicle Emission Standards & Impact Analysis by Emission Regulations (Vehicle Type (Light Duty, Heavy Duty), Fuel Type (Gasoline, Diesel), Region (Europe, Asia-Oceania, North America, Row), and Automotive Regulatory Bodies) - Global Analysis and Forecast to 2020", published by MarketsandMarkets, defines automotive emission regulations, with an impact analysis for automotive stakeholders and the global market size of emission reduction technologies, by volume.
Browse 70 market tables and 75 figures spread through 138 pages and in-depth TOC on "Vehicle Emission Standards & Impact Analysis - Global Analysis and Forecast to 2020"
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The Automotive Exhaust Aftertreatment Systems Market was 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% from 2015 to 2020. The Automotive Exhaust Aftertreatment Systems Market has witnessed considerable growth in countries such as, the U.S., China, India, and Mexico, owing to the increasing vehicle production and stringent emission norms.
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Asia-Oceania: Fastest-growing market for automotive exhaust aftertreatment systems
Asia-Oceania has emerged as a global leader in terms of vehicle production, and it also manufactures the highest number of automotive aftertreatment exhaust systems. China has been the largest automobile market in the world for the past decade. This can be primarily attributed to the major OEMs setting up manufacturing plants in the country, as it offers favourable work conditions and an economical workforce, and represents promising opportunities for the Automotive Exhaust Aftertreatment Systems Market. India plans to skip the BS- V emission norms, and directly implement BS- VI emission norms in 2020. This will result in the increased adoption of aftertreatment exhaust systems in the country. Aftertreatment devices used for the treatment of diesel exhaust gases offer major growth opportunities for exhaust aftertreatment system manufacturing companies. The latest emission norms have lowered the permitted emission limit for a vehicle. This has boosted the growth of diesel exhaust aftertreatment systems, as they help OEMs comply with these norms. Aftertreatment devices are not limited to diesel engines; some of the modern gasoline-powered vehicles incorporate gasoline particulate filters (GPF) as well. The GPF is a technology that was developed to reduce particulate matter content in exhaust gases, as the direct injection in gasoline engines creates additional particulate matter. The sales statistics for Asia-Oceania indicate promising growth potential, due to the increasing sales of passenger cars, pick-up trucks, and SUVs. Additionally, the region has stringent emission and fuel economy standards.
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The report outlines the global emission regulations and their impact on automotive stakeholders. It covers the global automotive aftertreatment exhaust systems market, in terms of volume ('000 units). It explains the qualitative and quantitative aspects of the Automotive Exhaust Aftertreatment Systems Market on the basis of emission regulations by region and impact analysis for stakeholders. It also provides an overview of technical factors and other important aspects of the Automotive Exhaust Aftertreatment Systems Market.
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