Market SynopsisThe Global Automotive Exhaust Emission Control Device Market is poised to secure a significant market valuation at a moderate 6.3% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).Drivers and RestraintsThe major key driving factors for the growth of this market are the rising stringent emission standards and growing concern over the environment safety from both public and private sectors.
On the other hand, the rising demand for electric vehicles and the ban announced by various developed and developing regions on internal combustion engines (ICE) are impeding the market growth.
The need for commercial vehicles is comprehensively driven by growing industrialization and growing service sectors, which contribute to the growth of this market.Rising demand for diverse factors such as high-capacity catalytic converter and continuous improvement in technology is accountable for the expansion of the automotive exhaust emission control device market.
The increasing penetration of emission control devices such as a three-way catalytic converter (TWC) and selective catalytic reduction (SCR) in the commercial and passenger vehicles market is expected to drive the exhaust emission control device market over the review period.Competitive Landscape The top market players identified by MRFR in the global exhaust emission control device market are Denso Corporation (Japan), Albonair GmbH (Germany), Continental Emitech Gmbh (Germany), Johnson Matthey (UK), Bosal (Belgium), CDTi Advanced (California), Bosch Rexroth (Germany), Eberspächer (Germany), Tenneco Inc. (USA), and Faurecia (France).Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7191 Market Segmentation The global automotive exhaust emission control device market is analyzed on the basis of device type, materials, engine type, vehicle type, and sales channel.Based on the device type, the market has been segmented into Gasoline Particulate Filter (GPF), Lean NOx Trap (LNT), Selective Catalytic Reduction (SCR), Diesel Particulate Filter (DPF), Diesel Oxidation Catalyst (DOC), and Three-Way Catalytic Converter (TWC).On the basis of materials, the automotive exhaust emission control device market has been segmented into Palladium, Rhodium, and Platinum.On the basis of engine type, the automotive exhaust emission control device market has been segmented into diesel, gasoline, and hybrid.On the basis of vehicle type, the automotive exhaust emission control device market has been bifurcated into passenger cars and commercial vehicles.On the basis of the sales channel, the market has been bifurcated into OEM and aftermarket.
Regional OverviewThe geographical overview of the global market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).Asia-Pacific is anticipated to lead the market over the forecast period.
This is due to the augmented urbanization and growing purchase of consumers, increasing disposable income, and the existence of robust automotive manufacturing facilities in China, South Korea, Japan, and India has further fuelled the market for automotive exhaust emission control devices in this region.In Europe, strict emission standards for diesel and petrol vehicles such as Euro 1 to Euro 6 drive the growth for the automotive exhaust emission control device market.