Global Automotive Exhaust Aftertreatment Systems Market to Grow with a CAGR of 13.3% through 2028

Increasing Adoption of Clean and Green Technologies, Growing Vehicle Production and Advancements in Technology is driving the Global Automotive Exhaust Aftertreatment Systems Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Automotive Exhaust Aftertreatment Systems Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Automotive Exhaust Aftertreatment Systems Market stood at USD 25 billion in 2022 and is anticipated to grow with a CAGR of 13.3% in the forecast period, 2024-2028. The global automotive exhaust aftertreatment systems market finds itself in a phase of dynamic evolution and unprecedented significance. This evolution is precipitated by mounting apprehensions about air quality deterioration and the urgent need to combat climate change. As a direct response to these concerns, governments and regulatory bodies across the globe have wielded their regulatory might to impose stringent emissions standards and regulations on vehicular emissions. The core objective: to curtail the release of harmful pollutants into the atmosphere, which are detrimental to both human health and the environment. Consequently, the automotive industry is in the midst of a profound transformation, with a growing reliance on advanced exhaust aftertreatment systems emerging as a pivotal strategy for achieving regulatory compliance and substantially mitigating emissions.

 

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The global automotive exhaust aftertreatment systems market has emerged as a critical component of the automotive industry, driven by the imperative to mitigate harmful emissions from internal combustion engines. In this comprehensive market overview, we will delve into the key trends, growth drivers, challenges, and opportunities shaping this dynamic market landscape.

The global automotive exhaust aftertreatment systems market has witnessed remarkable growth over the past decade, owing to several compelling factors. Foremost among these is the imposition of increasingly stringent emission regulations by governments across the globe. These regulations, aimed at reducing air pollution and combating climate change, have mandated the use of advanced exhaust aftertreatment systems to curtail emissions of pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM).

Simultaneously, the automotive industry has experienced sustained expansion, with a focus on both conventional internal combustion engine (ICE) vehicles and electric vehicles (EVs). This surge in vehicle production has naturally led to a heightened demand for exhaust aftertreatment systems, underscoring their significance in the modern automotive landscape.

Furthermore, continuous technological advancements have been a driving force behind market growth. Innovations in exhaust aftertreatment technologies, including Selective Catalytic Reduction (SCR), Diesel Particulate Filters (DPF), and Gasoline Particulate Filters (GPF), have resulted in systems that are not only more efficient in reducing emissions but also more cost-effective for automakers. As a result, the adoption of these advanced technologies has gained momentum, particularly in regions where emission standards are stringent.

Consumer awareness of the environmental impact of vehicles has also played a pivotal role in market expansion. Heightened environmental consciousness has led to an increased demand for eco-friendly vehicles, which often necessitate the incorporation of more advanced exhaust aftertreatment systems to meet emission targets. This evolving consumer sentiment has further propelled the growth of the automotive exhaust aftertreatment systems market.

Anticipating future trends, it is expected that the market will continue its growth trajectory. This is primarily due to the enduring pressure from regulatory bodies to further reduce emissions, the rapid expansion of the electric vehicle market, and the persistent drive for technological innovation within the industry.

 

Major companies operating in Global Automotive Exhaust Aftertreatment Systems Market are:

• CDTi Advanced Materials Inc.
• Continental Reifen Deutschland GmbH
• Cummins Inc.
• DCL International Inc.
• Delphi Technologies PLC
• Dinex
• Donaldson Company Inc.
• ESW Group
• European Exhaust and Catalyst Ltd
• Nett Technologies Inc.

 

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 “The global automotive exhaust aftertreatment systems market is witnessing remarkable growth due to increasing environmental concerns and stringent emissions regulations. These systems play a pivotal role in reducing harmful pollutants emitted by vehicles, aligning with global efforts to combat air pollution and climate change. Key components, such as Selective Catalytic Reduction (SCR) systems and Diesel Particulate Filters (DPF), are at the forefront of emissions reduction technologies. As governments worldwide impose stricter emissions standards, the market is evolving with innovations in catalyst technologies, sensor integration, and the development of eco-friendly materials. The market's trajectory remains dynamic, driven by the dual objectives of regulatory compliance and environmental sustainability, ensuring a greener future for the automotive industry.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Automotive Exhaust Aftertreatment Systems Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Vehicle Type (Passenger Cars and Commercial Vehicles), By Fuel Type (Gasoline and Diesel), By Sales Channel (OEM, Aftermarket), By Region, By Competition.”, has evaluated the future growth potential of Global Automotive Exhaust Aftertreatment Systems Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Automotive Exhaust Aftertreatment Systems Market.

 

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