Market Size of Europe Automotive Exhaust Aftertreatment Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Exhaust Aftertreatment Systems Market Analysis
The Europe Automotive Exhaust Aftertreatment Systems Market is valued at USD 6.33 billion in the current year and is expected to grow to USD 9.61 billion by the next five years, registering a CAGR of 7.2% in terms of revenue during the forecast period.
Over the medium term, the rise in vehicle production, along with growing carbon emission concerns, are likely to increase the demand for exhaust after-treatment systems devices during the forecast period.
Additionally, the technological level for the automotive exhaust after-treatment systems market evolved with modern engine design and active exhaust gas after-treatment systems. As a result, there is a decrease in exhaust emissions from automobiles in the past few years. However, with the continuous production of vehicles along with increasing car ownership, there are tremendous challenges for scientists and engineers to develop improved exhaust after-treatment systems.
However, the rapid adoption of electric vehicles and a ban on diesel engine vehicles, especially in developed nations, may hinder the growth of the European exhaust Aftertreatment Systems market. However, Europe is a growing market for exhaust systems with lucrative opportunities in countries like the United Kingdom, Germany, and France and Eastern Europe, especially the Czech Republic, Poland, Slovakia, and Romania.
Based on the growing emission concern and the data point mentioned above, the target market is expected to witness considerable market growth in the upcoming time.
Europe Automotive Exhaust Aftertreatment Systems Industry Segmentation
An automotive exhaust after-treatment system is a method or device that is designed to reduce harmful exhaust emissions from vehicle engines. The system cleans exhaust gases to ensure the engines meet emission regulations.
The European Automotive Exhaust Aftertreatment Systems Market is segmented into vehicle type, fuel type, filter type, and country. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By fuel type, the market is segmented into petrol and diesel. By filter type, the market is segmented into particulate matter control systems, carbon compounds control systems, emission control using a decision matrix, and NOx control systems. By country, the market is segmented into Germany, the United Kingdom, France, Italy, and the rest of Europe. For each segment, the market sizing and forecast are done based on the value (USD).
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Fuel Type | |
| Petrol | |
| Diesel |
| By Filter Type | |
| Particulate matter control system | |
| Carbon compounds control system | |
| Emission control using Decision Matrix | |
| NOx control system |
| By Country | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe |
Europe Automotive Exhaust Aftertreatment Systems Market Size Summary
The European automotive exhaust aftertreatment systems market is poised for significant growth over the forecast period, driven by increasing vehicle production and heightened concerns over carbon emissions. The market is evolving with advancements in technology, such as modern engine designs and active exhaust gas after-treatment systems, which have contributed to a reduction in automobile exhaust emissions. However, the continuous rise in vehicle production and car ownership presents challenges for the development of more efficient exhaust after-treatment systems. Despite these challenges, the market is expected to benefit from the growing demand for gasoline-powered light commercial vehicles, which offer lower initial and maintenance costs compared to diesel vehicles. The integration of CNG as a fuel option further supports the market's expansion by reducing operational costs and carbon emissions.
The market landscape is characterized by collaboration between automotive component manufacturers and vehicle producers to enhance exhaust after-treatment systems across Europe. Key players such as Delphi Technologies, Cummins Inc., and Tenneco Inc. are actively involved in developing innovative solutions to meet stringent emissions regulations. The market's growth is also influenced by regulatory developments, particularly in response to the Volkswagen emissions scandal, which led to stricter oversight and testing of vehicle emissions in Europe. Despite the challenges posed by the rapid adoption of electric vehicles and bans on diesel engines in some regions, countries like the United Kingdom, Germany, and France, along with Eastern European nations, present lucrative opportunities for market expansion. The focus on lightweight vehicles and improved fuel efficiency further drives the demand for advanced exhaust after-treatment systems, ensuring compliance with evolving environmental standards.
Europe Automotive Exhaust Aftertreatment Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rise in Demand for Fuel Efficient Vehicles
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1.2 Market Restraints
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1.2.1 Emergence of Electric Vehicles Will Hinder the Market Growth
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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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 (Market Size in Value (USD))
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Fuel Type
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2.2.1 Petrol
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2.2.2 Diesel
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2.3 By Filter Type
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2.3.1 Particulate matter control system
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2.3.2 Carbon compounds control system
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2.3.3 Emission control using Decision Matrix
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2.3.4 NOx control system
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2.4 By Country
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Italy
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2.4.5 Rest of Europe
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Europe Automotive Exhaust Aftertreatment Systems Market Size FAQs
What is the current Europe Automotive Exhaust Aftertreatment Systems Market size?
The Europe Automotive Exhaust Aftertreatment Systems Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Europe Automotive Exhaust Aftertreatment Systems Market?
Cummins Inc., Tenneco Inc., Marelli Holdings Co., Ltd. , Faurecia SE and Continental AG are the major companies operating in the Europe Automotive Exhaust Aftertreatment Systems Market.
