Automotive Exhaust Emission Control Device Market Forecasts to 2028 – Global Analysis By Material (Palladium, Platinum), Engine Type (Diesel, Gasoline, Hybrid), and By Geography
According to Stratistics MRC, the Global Automotive Exhaust Emission Control Device Market is accounted for $37.59 billion in 2020 and is expected to reach $70.00 billion by 2028 growing at a CAGR of 8.0% during the forecast period. The Implementation of emission standards by governments to address climate change and pollution is the major factor driving the market growth. However, shifting consumer preference toward electric vehicles is hampering the growth of the market.
Automotive Exhaust Emission Control Device is substances that come out of an exhaust system into the atmosphere. The automotive exhaust emission control devices are employed in the vehicles to minimize the discharge of toxic gases like carbon monoxide (CO), nitrogen oxide (NO), and hydrocarbon (HC) from the engine. Automotive exhaust emission control device is combined into combustion chambers, ignition systems, and an intake manifold which controls exhaust emissions and improves the fuel economy of the vehicle.
Based on the engine type, the gasoline segment is going to have lucrative growth during the forecast period, due to its advantages over diesel and its extreme usage in passenger vehicles in countries. By geography, Asia Pacific is going to have high growth during the forecast period, owing to increased production of automobiles in emerging economies, individuals’ spending capacity, besides with growing focus on high comfort and safety of drivers in countries in this province.
Some of the key players profiled in the Automotive Exhaust Emission Control Device Market include Johnson Matthey, Corning Incorporated, Faurecia, DENSO Corporation, BOSAL, Tenneco Inc., Bosch Rexroth, Albonair GmbH, Ashok Leyland, Toyota Motor Corporation, General Motors, Katcon, CDTi Advanced Materials Inc., Eberspacher Climate Control Systems GmbH & Co. KG, TATA Motors.
Device Types Covered:
• Diesel Oxidation Catalyst (DOC)
• Diesel Particulate Filter (DPF)
• Gasoline Particulate Filter (GPF)
• Lean NOx Trap (LNT)
• Selective Catalytic Reduction (SCR)
• Three-Way Catalytic Converter (TWC)
Engine Types Covered:
Vehicle Types Covered:
• Commercial Vehicle
• Farm Tractors
• Passenger Vehicle
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025 and 2028
- 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
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