The global automotive exhaust aftertreatment systems market is expected to record a CAGR of 21.60% by the end of forecast period. US authorities recently initiated a preliminary investigation into the Mercedes-Benz vehicle engines equipped with the diesel technology “clean” BlueTEC. Renault announced to recall and fix 15,000 cars post the higher test results of emissions. The Volkswagen scandal of “defeat device”, bypassing emission norms, created havoc, causing the company huge losses during 2015. These manipulation incidents with the corresponding action by the environmental protection agencies have brought the exhaust aftertreatment systems market into the spotlight.
Passenger cars systems are expected to maintain their dominance as the major vehicle type in the market by 2023. Cordierite based filters accounted for a majority of market share by filter type. In 2017, automotive exhaust aftertreatment systems for diesel accounted for over 50% of the global market share. Growing alternative fuel systems and Gasoline Direct Injection GDI technology in gasoline engines are expected to propel the exhaust aftertreatment market at a higher pace by 2023 in these segments. North America (especially the US), India, China, and Mexico are expected to be most prolific regional markets for exhaust aftertreatment systems during the forecasted period. EPA adopted the California emissions standards as a national standard by the 2016 model year, making the regulations more stringent in the United States. Growing concern among the public and the government initiatives are expected to drive the market for these systems at a higher pace in the US.
Growing scandals pertaining to exhaust systems, rising automotive share of greenhouse emissions, and stringent regulatory norms levied by EPA have acted as major propellants of the exhaust aftertreatment market growth globally. 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, on the bright side, recovering global automotive industry and growing production sites in developing nations, such as Mexico and India are opening up new opportunities for the market growth by 2023.
Cummins recently announced its improved ISX15 heavy-duty engine capable of an extended diesel particulate filter ash-cleaning interval, reaching up to 500,000 miles. The design enhancement is believed to reduce ash and oil consumption, with fuel economy greater than 5.5 miles per gallon. With major players trying to come up with new technologies by comprehensive R&D spending and growing pressure from environmental regulatory authorities, the market for exhaust aftertreatment systems is poised to grow rapidly during the coming 5 years.
Key Developments in the Market
- March 2018: The share of diesel vehicles among new car registrations in the EU decreased from a peak of 55% in 2011 to 49% in 2016; recent data suggests that diesel shares continue to fall
- March 2018: Mack makes enhancements to its Granite model trucks
Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Detailed analysis on the product type that is expected to dominate the market
- Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
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1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of the Suppliers
4.3.2 Bargaining Power of the Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Stringent Regulations
5.1.2 Major Automakers Partnering With Exhaust System Manufacturers
5.2.1 Growing Electric Vehicles
5.2.2 Ban on Diesel Vehicles
5.3.1 Advanced Diesel After-Treatment Devices
5.3.2 Upcoming Regulations in Emerging Economies
6. Global Automotive Exhaust Aftertreatment Systems Market, By Filter Type
6.1 Cordierite based
6.2 Silicon carbide based
6.3 Ceramic fiber based
7. Global Automotive Exhaust Aftertreatment Systems Market, By Vehicle Type
7.1 Passenger Car
8. Global Automotive Exhaust Aftertreatment Systems Market, By Fuel Type
8.1 Gasoline (Petrol)
9. Global Automotive Exhaust Aftertreatment Systems Market, By Geography
9.1 North America
9.1.1 United States
9.1.4 Rest of the North America
9.2.2 United Kingdom
9.2.6 Rest of the Europe
9.3.4 Rest of the Asia-Pacific
9.4 South America
9.4.3 Rest of the South America
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 Rest of the Middle East & Africa
10. Competitive Landscape
10.2 Market Share Analysis
11. Company Profiles
11.1 Clean Diesel Technologies, Inc.
11.2 Continental AG
11.3 Cummins Inc.
11.4 DCL International Inc.
11.5 Delphi Automotive LLP.
11.7 Donaldson Company, Inc.
11.8 ESW Group
11.9 European Exhaust and Catalyst Ltd.
11.10 Nett Technologies Inc.
11.12 Sibelco Asia PTE Ltd.
11.13 Standard Motor Products Europe
11.14 Tenneco Inc.
12. Future Outlook of the market
- Clean Diesel Technologies Inc.
- Continental AG
- Cummins Inc.
- DCL International Inc.
- Delphi Automotive LLP.
- Donaldson Company Inc.
- ESW Group
- European Exhaust and Catalyst Ltd.
- NETT Technologies Inc.
- Sibelco Asia PTE Ltd.
- Standard Motor Products Europe
- Tenneco Inc.