Automotive Exhaust Emission Control Device Market

According to Stratistics MRC, the Global Automotive Exhaust Emission Control Device Market is accounted for $55.02 billion in 2023 and is expected to reach $77.42 billion by 2030 growing at a CAGR of 5.0% during the forecast period. Automotive exhaust emission control devices are vital components in vehicles designed to minimize harmful emissions released into the atmosphere during combustion. These devices utilize various technologies, such as catalytic converters, particulate filters, and oxygen sensors, to reduce pollutants like carbon monoxide, nitrogen oxides, hydrocarbons, and particulate matter. Particulate filters trap and remove solid particles from the exhaust stream. Oxygen sensors monitor oxygen levels in the exhaust to optimize combustion efficiency. Together, these devices play a crucial role in mitigating air pollution and meeting emission standards, contributing to environmental sustainability and public health.

According to the National Automobile Dealers Association (NADA), in 2022, new light-vehicle sales concluded at 13.7 million units, and there is an expectation of new-vehicle sales reaching 14.6 million units in 2023, reflecting a 6.6% increase compared to 2022.

Market Dynamics: 

Driver: 

Environmental concerns

Environmental concerns are a significant driver of the automotive exhaust emission control device market due to growing awareness about air pollution and its detrimental effects on human health and the environment. Regulations mandating stricter emissions standards push automotive manufacturers to adopt advanced emission control technologies to reduce harmful pollutants such as carbon monoxide, nitrogen oxides, and particulate matter. Consumer demand for eco-friendly vehicles also fuels the market as people seek cleaner transportation options. Additionally, government incentives and subsidies for electric and hybrid vehicles further stimulate the adoption of emission control devices. 

Restraint:

Consumer awareness and acceptance

Consumer awareness and acceptance are critical factors restraining the automotive exhaust emission control device market. As consumers become increasingly informed about environmental issues, they demand vehicles with more efficient emission control systems. However, there is often a reluctance to accept the additional costs associated with advanced emission control technologies. Moreover, concerns about the performance and reliability of these devices also influence consumer acceptance. 

Opportunity:

Market expansion in emerging economies

Market expansion in emerging economies presents a significant opportunity. As these economies experience rapid industrialization and urbanization, there's a parallel surge in vehicle ownership and emissions. Governments in these regions are increasingly implementing stringent emission regulations, thereby driving the demand for emission control devices. Moreover, growing environmental consciousness among consumers further boosts the adoption of such technologies. This expansion offers automotive exhaust emission control device manufacturers a chance to tap into new and growing markets, diversify their revenue streams, and establish long-term partnerships with local stakeholders. 

Threat:

Technological disruptions

Growing advancements in electric vehicles (EVs) and alternative fuel technologies will make traditional exhaust emission control devices face obsolescence. The shift towards EVs reduces the demand for exhaust emission control devices, impacting manufacturers reliant on combustion engine technology. Additionally, stringent emissions regulations drive innovation towards more efficient and integrated emission control solutions, challenging the market's status quo. Adapting to these disruptions requires companies to invest in research and development for next-generation emission control technologies or diversify into complementary sectors within the automotive industry. 

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the automotive exhaust emission control device market. With widespread lockdowns and reduced economic activity, the demand for automobiles plummeted, leading to a downturn in the market. Many automotive manufacturers faced supply chain disruptions, hindering the production of vehicles and, consequently, the installation of emission control devices. Additionally, consumer priorities shifted towards essential needs, diminishing the focus on environmental concerns. However, as economies gradually recover and governments emphasize sustainability, the market is expected to rebound, with a renewed focus on stricter emission regulations driving demand for advanced emission control technologies.

The selective catalytic reduction (SCR) segment is expected to be the largest during the forecast period

The growth of the Selective Catalytic Reduction (SCR) segment in the automotive exhaust emission control device market can be attributed to stringent emission regulations worldwide, particularly in major automotive markets like Europe, the United States, and China, are driving the adoption of SCR systems due to their effectiveness in reducing nitrogen oxide (NOx) emissions. The growing focus on sustainability and environmental consciousness among consumers is prompting automotive manufacturers to integrate SCR systems into their vehicles to meet emission standards and enhance brand reputation. 

The commercial vehicle segment is expected to have the highest CAGR during the forecast period

The commercial vehicle segment has experienced notable growth due to stringent emission regulations globally, which have compelled commercial vehicle manufacturers to adopt advanced emission control technologies to comply with standards. Increasing awareness of environmental concerns and the push for sustainability have heightened the demand for emission control devices in commercial vehicles. Technological advancements in exhaust emission control devices have improved their efficiency and durability, further driving their adoption in the commercial vehicle sector. Additionally, the expanding logistics and transportation industry, particularly in emerging economies, has fuelled the demand for commercial vehicles equipped with effective emission control systems. 

Region with largest share:

The North American region has experienced significant growth in the automotive exhaust emission control device market due to regulations imposed by governing bodies for the adoption of advanced emission control technologies. Increasing consumer awareness regarding environmental issues and the importance of reducing vehicle emissions has further propelled market growth. Technological advancements in exhaust emission control devices, such as catalytic converters and particulate filters, have also contributed to market expansion. The growing demand for fuel-efficient vehicles has spurred the integration of emission control devices into automotive designs. 

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth due to rapid urbanization and industrialization, prompting governments to implement stricter emission regulations and driving the demand for emission control devices. The burgeoning automotive industry in countries like China and India has propelled the market forward. Advancements in technology, such as the development of more efficient and cost-effective emission control devices, have further stimulated market growth. 

Key players in the market

Some of the key players in Automotive Exhaust Emission Control Device market include Albonair GmbH, Bosal, Bosch Rexroth, CDTi Advanced Materials, Inc., Corning Incorporated, DENSO Corporation, Emitec Technologies GmbH , FORVIA Faurecia, IBIDEN, Johnson Matthey, Katcon SA de CV, Marelli Corporation, SANGO Co., Ltd. , Tenneco Inc and Yutaka Giken Company Limited.    

Key Developments:

In November 2023, Tenneco Inc., a global supplier of Ride Performance and Clean Air products and systems, has announced that its CVSA2 semi-active suspension technology – a cornerstone of its Monroe® Intelligent Suspension portfolio that was originally developed for the sports car market – has been adapted for use in SUV applications. 

In September 2023, IBIDEN Co., Ltd. has announced that its production subsidiary IBIDEN Philippines, Inc. converted its electricity consumption to renewable energy sources. The IBIDEN Group has strived to enhance the energy efficiency of its manufacturing processes toward the goal of reducing greenhouse gas emissions.

Technologies Covered:
• Catalytic Converters    
• Evaporative Emission Control    
• Exhaust Gas Recirculation (EGR)    
• Particulate Filter (PF)    
• Three Way Catalytic Converter (TWC)    
• Diesel Particulate Filter (DPF)    
• Selective Catalytic Reduction (SCR)    
• Diesel Oxidation Catalyst (DOC)    
• Lean NOx Trap (LNT)    
• Gasoline Particulate Filter (GPF)    
• Other Technologies     

Sales Channels Covered:
• Original Equipment Manufacturers (OEMs) 
• Aftermarket 

Engine Types Covered:
• Gasoline 
• Diesel 
• Hybrid 
• Other Engine Types  

Material Types Covered:
• Platinum 
• Palladium 
• Other Material Types 

Vehicle Types Covered:
• Passenger Vehicle  
• Commercial Vehicle   
• Other Vehicle Types  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances