Sales of Automotive Exhaust Aftertreatment Systems Market to Grow 1.4X Through 2030

Surpassing a valuation of ~US$ 88 Bn in 2019, the global automotive exhaust aftertreatment systems market is projected to grow at a value CAGR of 4% by the end of forecast period 2020-2030. 2019 and 2020 have been tough years for automotive sector due to the outbreak of coronavirus and unstable economic conditions globally. The sales of automotive exhaust aftertreatment systems is plummeting as the global automotive industry is integrated.

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However, it is foreseen that, the demand for aftertreatment systems for automotive exhaust is expected to observe positive growth due to the stringent emission regulations set by several government agencies around the world. For instance, European countries have adopted Euro VI emission norms and developing countries like India are transitioning towards BS-VI norms. However, this rise is expected by the end of 2020 when the pandemic is brought under control and the production of automobiles ramps up.

Key Takeaways of Automotive Exhaust Aftertreatment Systems Market

• The global automotive exhaust aftertreatment systems market is projected to create an absolute $ opportunity of more than ~US$ 42.3 Bn and is anticipated to surpass a value of ~US$ 131.1 Bn during the forecast period

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• East Asia is projected to account for major share of the market as compared to the rest of the regions, accounting for 37.5% share by the end of forecast period

Key Segments of the Automotive Exhaust Aftertreatment Systems Market

Fact.MR’s study on the automotive exhaust aftertreatment systems market offers information divided into three key segments— product, vehicle, sales channel, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Product	Vehicle	Sales Channel	Region
Three Way Catalytic Convertor	Passenger Car	OEM	North America
Diesel Particulate Filter (DPF)	Light Commercial Vehicle	Aftermarket	Latin America
Diesel Oxidation Catalyst (DOC)	Heavy Commercial Vehicle		Europe
Selective Catalytic Reduction (SCR)	Off-highway Vehicle Forestry Vehicle Agriculture Machinery Construction Machinery Forklift		South Asia & Oceania
Gasoline Particulate Filter (GPF)			East Asia
Lean NOx Trap (LNT)			Middle East & Africa (MEA)
Others

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Facility Expansion to Enhance Market Resiliency

Key players in the automotive exhaust aftertreatment systems market are Bosal Group, Friedrich Boysen GmbH & Co. KG, Cummins Inc., Donaldson Company, Inc., Magneti Marelli S.p.A., Johnson Matthey, Eberspächer Group, Tenneco Inc., among others. Prominent automotive exhaust aftertreatment system market players are focusing on expanding their manufacturing facilities to increase their reach in the global market.

For instance,

• In 2020, the Bosal Group has invested heavily to upgrade and relocate its new OEM manufacturing Emission Control System (ECS) plant in Koedoespoort Industrial, Pretoria. With the expansion, the company intends to double its revenues from the MEA region
• In 2020, Magneti Marelli expanded its new research and development center in Turin. With that expansion, the company is focusing on innovating new technologies in the field of Lighting and Body Electronics (LBE).
• In 2018, Friedrich Boysen GmbH & Co. KG expanded its business unit in Pune, India. With this expansion, the company is targeting the growing demand for emission control systems in India and also increase its revenue in Asia Pacific region

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