LONDON, May 24, 2016 /PRNewswire/ -- "Increasingly stringent emission norms are driving the automotive exhaust aftertreatment systems market"
The automotive exhaust aftertreatment systems market is estimated to be 141,366.05 thousand units in 2015, and is projected to reach 206,430.48 thousand units by 2020, growing at a CAGR of 7.87% from 2015 to 2020. The automotive exhaust aftertreatment systems market has witnessed considerable growth in countries such as the U.S., China, India, and Mexico, owing to the stringent emission regulations and increasing vehicle production.
"Stringent vehicle emission norms in North America are driving the market for automotive exhaust aftertreatment systems"
The North American automotive exhaust aftertreatment systems market is projected to grow at the highest CAGR during the forecast period, as a result of the stringent emission norms and high demand for low-emission vehicles, especially from the U.S. and Canada. Several OEMs are investing in the region, prompted by factors such as rigid emission regulations in the state of California and the high demand for ultra-low and super ultra-low emission vehicles. OEMs such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan) are present in the region.
The report "Vehicle Emission Standards by Emission Regulations (Vehicle Type [Light Duty, Heavy Duty], Fuel Type [Gasoline, Diesel], Region [Europe, Asia-Oceania, North-America, RoW], and Automotive Regulatory Bodies)" defines automotive emission regulations, with an impact analysis for automotive stakeholders and the global market size of emission reduction technologies, by volume.
This study contains insights provided by various industry experts, ranging from component suppliers to Tier-I companies and OEMs. The break-up of the primaries is as follows:
- By Agency - Government - 32 %, NGO - 55% and Private - 13%
- By Designation – C-level - 17%, D-level - 31%, Others - 52%
- By Region - North America - 10%, Europe - 20%, Asia-Oceania - 40%, RoW - 30%
The automotive exhaust aftertreatment systems market is dominated by a few globally established companies such as Tenneco (U.S.) and Faurecia SA (France). These companies have constantly adopted growth strategies such as new product development, expansions, mergers, and joint ventures to gain traction in the exhaust aftertreatment systems market.
Reasons to Buy the Report:
This report contains an in-depth industry analysis, including industry trends and existing and planned emission regulations, which together comprise and discuss the basic views on the emerging and high-growth segments of the automotive exhaust aftertreatment systems market, high-growth regions, and government initiatives.
The report will enable new entrants/smaller firms as well as established firms to understand the exhaust aftertreatment systems market better, which will in turn, help them to acquire a larger market share. The report provides insights with reference to the following points:
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive exhaust aftertreatment systems across regions
- Emission regulations: Region-wise analysis of automotive emission regulations
- Impact Analysis: Analysis of the impact of regulations on automotive exhaust aftertreatment system stakeholders
- Market Diversification: Detailed information regarding recent developments in the global automotive exhaust aftertreatment systems market
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