The Automotive Exhaust Aftertreatment Systems market (自動車排気後処理システム市場) utilized in passenger cars is projected to reach approximately 70% in terms of value, with an expected growth rate of around 4.3% by the conclusion of the forecast period spanning from 2020 to 2030.
The automotive industry has been undergoing a significant transformation in recent years, driven by the increasing focus on environmental sustainability and stringent emission regulations. One critical aspect of this evolution is the Automotive Exhaust Aftertreatment Systems market, which plays a pivotal role in reducing harmful emissions from vehicles. These systems are designed to treat and minimize pollutants emitted through the exhaust, contributing to a cleaner and greener automotive landscape.
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The global Automotive Exhaust Aftertreatment Systems market is witnessing robust growth as automakers strive to comply with strict emission standards imposed by regulatory bodies worldwide. Governments and environmental agencies are pushing for cleaner technologies to combat air pollution and climate change. As a result, the demand for advanced aftertreatment systems has surged, creating a fertile ground for innovation and market expansion.
Market Dynamics:
The automotive exhaust aftertreatment systems market is primarily driven by stringent emission regulations imposed by governments worldwide. For instance, regulations like Euro 6 in Europe, Bharat Stage VI in India, and Tier 3 Bin 30 in the United States have necessitated the adoption of advanced aftertreatment systems.
Additionally, the growing sales of diesel vehicles, particularly in emerging economies, are boosting the demand for diesel particulate filters (DPF) and selective catalytic reduction (SCR) systems, which are key components of exhaust aftertreatment systems.
Furthermore, increasing consumer awareness regarding environmental pollution and the benefits of cleaner technologies is encouraging automakers to invest in advanced aftertreatment systems to comply with emission standards and enhance their brand image.
Market Future Outlook:
The automotive exhaust aftertreatment systems market (자동차 배기 후 처리 시스템 시장) is expected to continue its growth trajectory in the coming years. The introduction of more stringent emission standards, such as Euro 7 and China 7, is anticipated to drive the demand for advanced aftertreatment systems.
Moreover, the shift towards electric vehicles (EVs) is expected to create new opportunities in the aftertreatment systems market. While EVs themselves do not produce tailpipe emissions, the production of electricity and the manufacturing process still generate emissions that need to be addressed. This could lead to the development of aftertreatment systems for non-traditional vehicles.
Market Insights:
Based on vehicle type, the passenger car segment dominates the automotive exhaust aftertreatment systems market (Marché des systèmes de post-traitement des gaz d’échappement automobiles), owing to the high volume of passenger cars produced globally and the stringent emission regulations for these vehicles.
Regionally, Asia-Pacific is expected to witness significant growth in the automotive exhaust aftertreatment systems market, driven by the rapid expansion of the automotive industry in countries like China and India and the implementation of stricter emission norms in the region.
Key Players:
- Bosal Group,
- Friedrich Boysen GmbH & Co. KG
- Magneti Marelli S.p.A.
Competitive Landscape:
The temporary closure of plants by the majority of EU and US OEMs has led to ongoing supply chain and production disruptions, despite the resumption of manufacturing operations in China. Consequently, there is a noticeable decline in the demand for automotive exhaust aftertreatment systems. Specifically, in the EU, the shutdown of factories has resulted in a significant production loss of over 1.4 million vehicles, directly impacting the sales of these systems.
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