Automotive Exhaust Emission Control Device Market - Snapshot
Exhaust emission control devices are installed in the exhaust pipes of vehicles in order to reduce the emission of hazardous pollutants such as carbon monoxide, hydrocarbons, and nitrogen oxides. Catalytic converters and particulate filters convert and trap the pollutants and reduce their effect on the environment.
As vehicular emissions continue to rise, globally, demand for emission control devices to mitigate the impact of vehicular emissions has increased considerably. Increasingly stringent emission standards, as proposed by government in different countries across the globe, are proliferating the growth of exhaust emission control device market. Augmented demand of vehicles in developing countries is anticipated to pave way for the market growth. Adoption of Euro 6 and U.S 2010 emission norms in Europe and North America respectively have been posing a trigger factor amidst the automotive players compelling them to adhere to comply with the norms. Europe has set a CO2 emission target of 95 gm/km for passenger vehicles, down from the current 130 gm/km. The U.S and Japan have similar targets to achieve the 121 gm/km and 105 gm/km of CO2 emission, respectively, for passenger vehicles. Vehicles need to be incorporated with a series of emission control devices in order to comply with these regulations. This, in turn, is heightening the demand for emission control devices.
Mexico is expected to adopt Euro 6 in 2021. The transition of Mexico standards from Euro IV to Euro V are likely to necessitate the usage of selective catalytic reduction (SCR) and lean NOx trap (LNT) in diesel vehicles. SCR & LNT are widely utilized in light duty and heavy duty vehicles in North America and Europe. SCR and LNT’s have also gained a significant market share in passenger vehicles. The transition of developing countries such as China, India, Mexico, and Brazil to Euro 6 equivalent standards is anticipated to fuel the emission control device market.
Increasing demand for fuel efficiency has led automakers to offer gasoline direct injection (GDI). GDI engines emit higher particulate matter, the gasoline particulate filter (GPF) used on these vehicles help reduce emission and meet Euro 6 emission standards. Demand for GPFs is anticipated to increase due to the high sales of gasoline passenger vehicles. Gasoline vehicles are estimated to employ a combination of three-way catalytic converter (TWC) and GPF in the near future in order to meet emission standards.
The diesel particulate filter (DPF) utilized in diesel powered vehicles reduces particulate matters by up to 85%. DPFs are mandatory in North America and Europe and are employed in combination with diesel oxidation catalyst (DOC). North America and Europe also witness a significant number of LNTs being used along with DOCs and DPFs in order to curb nitrogen oxides.
Usage of high capacity engines and diesel fuel in commercial vehicles have led to the utilization of a combination of exhaust emission control devices. Increasing demand for commercial vehicles due to industrialization and improved trucking activity is estimated to fuel the demand for exhaust emission control devices. Increased demand of passenger vehicles owing to rise in disposable income is anticipated to boost the exhaust emission control device market.
Asia Pacific is forecasted to lead the exhaust emission control device market during the forecast period followed by Europe. Latin America is also anticipated to witness a high growth due to transition into Euro 6 norms.
Key players operating in the global automotive emission control market include Johnson Matthey, Faurecia, Eberspacher Climate Control Systems GmbH & Co., KG, DENSO Corporation, Friedrich Boysen GmbH & Co. KG, Calsonic Kansei Corporation, Yutaka Giken Company Limited, Bosal, Katcon, CDTi Advanced Materials, Inc., Jetex Exhaust Ltd., SANGO Co., Ltd., Continental Emitech GmbH, Tenneco Inc., Albonair GmbH, IBIDEN Co., Ltd, and Corning Incorporated.
Automotive Exhaust Emission Control Device Market - Overview
This report analyzes and presents an in-depth view of the global exhaust emission control device market. The market has been forecasted for the period 2017 to 2026, based on revenue (US$ Mn) and volume (million units). The study encompasses the drivers and restraints of the global exhaust emission control device market. The report also covers key industry developments and technological road map that helps to overview the market.
The report comprises a study of market attractiveness by their market growth and size over all the market segments. The study of value chain analysis and SWOT stress on analyzing the market trends and bargaining power of the suppliers and consumers. The Porter’s Five Forces model for the exhaust emission control device market has been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides in-depth analysis of the global exhaust emission control device market for vehicles by segmenting it in terms of device type, engine type, material type, vehicle, sales channel, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive exhaust emission control device in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual application segments in all regions.
The company profiles of major players operating across globe are considered for the study. Key players operating in the global exhaust emission control device market include Johnson Matthey, Faurecia, Eberspacher Climate Control Systems GmbH & Co., KG, DENSO Corporation, Friedrich Boysen GmbH & Co. KG, Calsonic Kansei Corporation, Yutaka Giken Company Limited, Bosal, Katcon, CDTi Advanced Materials, Inc., Jetex Exhaust Ltd., SANGO Co., Ltd., Continental Emitech GmbH, Tenneco Inc., Albonair GmbH, IBIDEN Co., Ltd, and Corning Incorporated. The company profile has been mapped over the financials of the company, business strategy, company overview, recent developments, and its investments.
The report provides the estimated market size of the automotive exhaust emission control device market for 2017 and forecast for the next nine years. The global market size of automotive exhaust emission control device has been provided in terms of revenue and volume. Market numbers have been estimated based on key component type, technology type, vehicle, and regional segments of the automotive exhaust emission control device market. Market size and forecast for each major type and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), ICCT ( International Council on Clean Transportation), European Federation for Transport and Environment AISBL etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The exhaust emission control device market for automotive has been segmented as follows:
Global Exhaust Emission Control Device Market: by Device Type
- 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)
Global Exhaust Emission Control Device Market: by Engine Type
Global Exhaust Emission Control Device Market: by Material Type
Global Exhaust Emission Control Device Market: by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Global Exhaust Emission Control Device Market: by Sales Channel
Global Exhaust Emission Control Device Market: by Region/Country/Sub-region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America