APAC Automotive Exhaust Aftertreatment Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 9.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Automotive Exhaust Aftertreatment Systems Market Analysis
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is anticipated to register a CAGR of around 9% during the forecast period.
- The technological level for the Automotive Exhaust Aftertreatment Systems Market has evolved with modern engine design and active exhaust gas after-treatment systems. As a result of all this, there is a decrease in exhaust emissions from automobiles. Although, with continuous production in vehicle numbers and with car ownership reaching an all-time high, the challenges for scientists and engineers to develop further improved exhaust after treatment systems have been much focused and researched upon.
- Asia-Pacific dominated the automotive exhaust aftertreatment systems market in 2019, accounting for more than 35% of the market share. Even though the automobile production growth rate has plummeted over the last few years, but countries such as India, China, and the rest of South Asian nations have seen an upward growth rate. This is primarily because of its rise in population, improved opportunities, affordability, and higher GDP growth rate.
- However, with the present scenario of COVID-19 outbreak, the automotive exhaust aftertreatment systems market and the entire automobile market is experiencing a negative growth rate. Nevertheless, with the emergence of electric vehicles and an increasing ban on diesel vehicles, especially in the developed nation, the growth for Exhaust Aftertreatment Systems, the market will face challenges.
APAC Automotive Exhaust Aftertreatment Systems Market Trends
This section covers the major market trends shaping the APAC Automotive Exhaust Aftertreatment Systems Market according to our research experts:
Stringent Emission Regulations Driving the Market
When compared to gasoline, diesel engines operate with much higher efficiency and durability. However, diesel engines are also one of the largest contributors to harmful exhaust emissions causing environmental pollution.
Driven by growing concerns on deteriorating air quality, various policies have been imposed worldwide to reduce effects of diesel engine emissions on human health and environment. Measures are being taken across the globe to adopt and enforce tighter vehicular emission regulations. The main aim is to minimize unburned hydrocarbons, nitrogen oxides (NOx) and particulate matter (PM).
Japan and South Korea have advanced regulations which focus on limiting the pollutant. With improved technology and awareness, the intensity to limit global warming and reduce fossil fuel use in the transportation sectors on the rise. Several Asian nations have pledged to carbon dioxide emissions and impose Carbon tax criteria for greenhouse gases and pollutants emission automotive carmakers. This is leading to the rapid adoption of advanced after treatment technologies.
In order to limit emissions, countries are mandating stricter emission norms to reduce air pollution. In India, the Ministry of Road Transport and Highways has released rules for non-road Bharat Stage (CEV/Trem) IV and V emission standards. Various such measures are being take in an effort make strict emission limits on particulate matter, nitrogen oxide, hydrocarbon, and carbon monoxide.
China Poised to be the fastest-growing market in Asia-Pacific Region
Although advanced diesel Aftertreatment-treatment devices have made a significant mark in the developed countries, other economies such as China have also become a lucrative opportunity for the carmaker of tomorrow.
One of the significant demands for the automotive exhaust system is the rise in air pollution globally. Moreover, China contributes to around 22% of the CO2 emission. When carbon doesn’t burn completely, vehicles emit carbon monoxide. Also, automotive exhaust comprises hydrocarbons, NOX, and other particulate matter.
China is also the world’s largest automotive market, accounting for more than 32% of the global passenger vehicle sales and 15% of the global commercial market sales.
As a result, China targets a reduction of 50% for hydrocarbons, 40% for Nitrogen Oxides (NOx), and 33% for particulate matter over Euro 6 Levels. New gasoline vehicles in China are made mandatory to meet the regulations. All these factors are expected to help the market grow.
APAC Automotive Exhaust Aftertreatment Systems Industry Overview
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is fragmented with international and regional players such as Delphi Technologies PLC, Cummins, Tenneco Inc., Donaldson Company, Bosal Group, NORMA Group, John Matthey and Magneti Marelli. As the demand for Automotive Exhaust Aftertreatment Systems is growing in the region, the OEM manufacturers are trying to have the edge over its competitors by making joint-ventures, partnerships, launching new products with advanced technology.
NORMA Group received a large order in India for the development and manufacture of exhaust after treatment products. NORMA Group will develop urea transport systems and exhaust gas clamps with leading specialists in the exhaust after treatment solutions. These will help meet the stricter emission requirements of India's Bharat Stage VI emissions standard from 2020. By 2024, some 250,000 vehicles per year will be equipped with NORMA Group products.
APAC Automotive Exhaust Aftertreatment Systems Market Leaders
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Delphi Technologies PLC
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Cummins
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Harris
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Tenneco Inc.
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Donaldson Company
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Bosal Group
*Disclaimer: Major Players sorted in no particular order
APAC Automotive Exhaust Aftertreatment Systems Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Vehicle Type
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5.1.1 Passenger Vehicles
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5.1.2 Commercial Vehicles
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5.2 Fuel Type
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5.2.1 Gasoline or Petrol
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5.2.2 Diesel
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5.2.3 Others
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5.3 Filter Type
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5.3.1 Particulate Matter Control System
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5.3.2 Carbon Compounds Control System
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5.3.3 NOx Control System
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5.3.4 Others
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share**
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6.2 Company Profiles*
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6.2.1 Clean Diesel Technologies Inc.
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6.2.2 Continental AG
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6.2.3 Delphi Technologies PLC
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6.2.4 Cummins
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6.2.5 Harris Performance
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6.2.6 Tenneco Inc
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6.2.7 Donaldson Company
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6.2.8 Bosal Group
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Automotive Exhaust Aftertreatment Systems Industry Segmentation
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market report covers the current and upcoming trends with recent technological development. The also covers:
| By Vehicle Type | |
| Passenger Vehicles | |
| Commercial Vehicles |
| Fuel Type | |
| Gasoline or Petrol | |
| Diesel | |
| Others |
| Filter Type | |
| Particulate Matter Control System | |
| Carbon Compounds Control System | |
| NOx Control System | |
| Others |
| Geography | |||||||
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APAC Automotive Exhaust Aftertreatment Systems Market Research FAQs
What is the current Asia-Pacific Automotive Exhaust Aftertreatment Systems Market size?
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is projected to register a CAGR of less than 9% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Exhaust Aftertreatment Systems Market?
Delphi Technologies PLC , Cummins , Harris, Tenneco Inc. , Donaldson Company and Bosal Group are the major companies operating in the Asia-Pacific Automotive Exhaust Aftertreatment Systems Market.
What years does this Asia-Pacific Automotive Exhaust Aftertreatment Systems Market cover?
The report covers the Asia-Pacific Automotive Exhaust Aftertreatment Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Automotive Exhaust Aftertreatment Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Automotive Exhaust Aftertreatment Systems Industry Report
Statistics for the 2024 Asia-Pacific Automotive Exhaust Aftertreatment Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Automotive Exhaust Aftertreatment Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
