Gurgaon Samachar

Automotive Diesel Exhaust Aftertreatment Systems Market worth US$ 131.1 Billion by 2030 – Exclusive Report by Fact.MR

 Breaking News
  • No posts were found

Automotive Diesel Exhaust Aftertreatment Systems Market worth US$ 131.1 Billion by 2030 – Exclusive Report by Fact.MR

July 29
14:51 2021
Automotive Diesel Exhaust Aftertreatment Systems Market worth US$ 131.1 Billion by 2030 - Exclusive Report by Fact.MR

Automotive Exhaust Aftertreatment Systems Market report by “Fact.MR – Market Research And Insights”
Automotive Exhaust Aftertreatment Systems Market to grow 1.4X, Decline in Sales Predicted owing to Covid-19 Pandemic, Projects Fact.MR

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. 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.

 

Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=3228

 

Diesel Particulate Filter (DPF) to Garner Significant Traction

A diesel particulate filter (DPF) is a device designed to remove diesel particulate matter or soot from the exhaust gas of a diesel engine. These filters remove nearly 85% of the particles from the exhaust and ensures efficiency and fuel economy of the vehicles. The rising environmental safety awareness and stringent emission norms is expected to drive the growth of diesel particulate filters.

In addition, rapid urbanization in the future will create new retail and e-commerce platforms which require efficient logistics, in return creating demand for light commercial vehicles.

This is therefore anticipated to create significant demand for diesel particulate filters as they are highly operated on diesel engines. Owing to the above mentioned facts, the global diesel particulate filter (DPF) is estimated to create an absolute $ opportunity of more than US$ ~14.8 Bn during the forecast period (2020-2030).

 

Automotive Exhaust Aftertreatment Systems Market Value Share

 

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
  • 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
  • OEM sales channels are projected to grow 4X faster than aftermarket sales channel and is anticipated to create an absolute $ opportunity of more than ~US$ 32.9 Bn during the forecast period
  • Amongst all product types, diesel particulate filters (DPF) accounted for ~47% of the demand pie in 2020

“Despite the spread of COVID-19 and sluggish economic growth globally, a positive outlook for production of automotive vehicles by third quarter is anticipated in developing countries like India and China which will set the tone for growth in the automotive exhaust aftertreatment systems market” says the Fact.MR analyst

 

Get Customization on this Report for Specific Research Solutions https://www.factmr.com/connectus/sample?flag=RC&rep_id=3228

 

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

 

Find More Valuable Insights on Automotive Exhaust Aftertreatment Systems Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global automotive exhaust aftertreatment systems market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automotive exhaust aftertreatment systems market based on product (three way catalytic convertor, diesel particulate filter (DPF), diesel oxidation catalyst (DOC), selective catalytic reduction (SCR), gasoline particulate filter (GPF), lean NOx trap (LNT), others), vehicle (passenger car, light commercial vehicle, heavy commercial vehicle, off-highway vehicle (forestry vehicle, agriculture machinery, construction machinery, forklift), and sales channel (OEM, aftermarket), across six major regions.

 

Read Fact.MR Exclusive Article on How is the Electric Revolution Reshaping Global Automotive Industry? –
https://www.factmr.com/article/108/how-is-the-electric-revolution-reshaping-global-automotive-industry

 

About Us:

 

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 

Contact:

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]

Media Contact
Company Name: Fact.MR
Contact Person: Neha Bhosle
Email: Send Email
Phone: 6282511583
Address:US Sales Office: 11140 Rockville Pike
City: Rockville
State: Maryland
Country: United States
Website: https://www.factmr.com


Warning: count(): Parameter must be an array or an object that implements Countable in /home/haridwartoday/gurgaon-samachar.com/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share