Market Size of Automotive Exhaust Aftertreatment Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 18.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Exhaust Aftertreatment Systems Market Analysis
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 Industry Segmentation
The automotive exhaust aftertreatment system market is segmented by fuel type (gasoline and diesel), vehicle type (passenger cars and commercial vehicles), and geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecasts for automotive exhaust aftertreatment systems in volume and value (in USD billion), for all the above segments.
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Automotive Exhaust Aftertreatment Systems Market Size Summary
The automotive exhaust aftertreatment systems market is poised for significant growth, driven by increasing demand for reduced vehicle emissions and stringent government regulations worldwide. The market, which faced challenges due to the COVID-19 pandemic, is recovering as restrictions ease and the global automotive industry rebounds. The need for advanced exhaust aftertreatment systems is particularly pronounced in regions like Asia-Pacific, where economic growth and rising consumer purchasing power are boosting vehicle sales. The demand for diesel engines is also expected to rise, fueled by the expanding construction and logistics sectors. However, manufacturers are under pressure to develop systems that meet increasingly stringent emission standards, such as those in India and China, which are leapfrogging to more advanced norms.
Key players in the market, including CDTi Advanced Materials Inc., Delphi Technologies PLC, and Tenneco Inc., are investing in research and development to innovate and expand their product offerings. Collaborations, such as the partnership between Eaton and Tenneco, aim to enhance thermal management systems to meet emission regulations. The market's growth is further supported by the establishment of manufacturing plants in developing countries and the introduction of new technologies to reduce harmful emissions. As the automotive industry continues to evolve, the exhaust aftertreatment systems market is expected to experience robust expansion, driven by technological advancements and regulatory pressures.
Automotive Exhaust Aftertreatment Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Driver
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1.2 Market Restraint
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Gasoline
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2.1.2 Diesel
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2.2 Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicles
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle-East and Africa
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Automotive Exhaust Aftertreatment Systems Market Size FAQs
What is the current Automotive Exhaust Aftertreatment Systems Market size?
The Automotive Exhaust Aftertreatment Systems Market is projected to register a CAGR of greater than 18.5% during the forecast period (2024-2029)
Who are the key players in Automotive Exhaust Aftertreatment Systems Market?
Continental Reifen Deutschland GmbH, Delphi Technologies PLC, Tenneco Inc., Donaldson Company Inc. and CDTi Advanced Materials Inc. are the major companies operating in the Automotive Exhaust Aftertreatment Systems Market.
