Global Automotive Exhaust Emission Control Device Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Automotive Exhaust Emission Control Device Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global automotive exhaust emission control device market report has been segmented on the basis of device type, engine type, material type, vehicle type, sales channel, and region.

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Global Automotive Exhaust Emission Control Device Market: Overview

The automotive exhaust emission control devices are employed in the vehicles to minimize discharge of toxic gases like carbon monoxide (CO), nitrogen oxide (NO), and hydrocarbon (HC) from engine. Automotive exhaust emission control device is integrated into combustion chambers, ignition systems, and intake manifolds which controls exhaust emissions and improves fuel economy of the vehicle.

Global Automotive Exhaust Emission Control Device Market: Dynamics

Growing demand for advancements in automobiles for weight reduction, supportive government regulations and policies regarding emission control, along with growing concern regarding environment safety in developing as well as developed economies are major factors expected to drive revenue growth of global automotive exhaust emission control device market. Furthermore, vehicles equipped with Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF), particularly in Europe and the US, is expected to drive revenue growth of target market. In addition, factors such as increasing R&D activities, rising safety concern, and adoption of standards to boost demand for the emission control device, which is expected to fuel growth of the global market.

For instance, implementation of Euro 6 equivalent standards, implementation of China 6 and Bharat Stage 6 emission norms from 2019, promotes importance to develop improved and advanced systems. This is projected to create lucrative revenue opportunities for players operating in the target market in the upcoming period.

However, shifting preference towards electric vehicles may hamper demand for the products and restrain growth of the global market over the forecast period. In addition, possibility of ban on internal combustion engine vehicles by 2030 may affect adoption of products in the future.

Global Automotive Exhaust Emission Control Device Market: Segment Analysis

Among the device type segments, the selective catalytic converter and diesel particulate filter  segments are expected to account for higher revenue shares in the global market.

Among the engine type segments, the gasoline segment is expected to account major revenue share in the global market, and is expected to maintain its dominance over the forecast period.

Among the vehicle type segments, the passenger vehicles segment is anticipated to register significant growth rate over the forecast period.

Among the sales channel segments, the OEM segment is expected to account for significant revenue share in the global market.

Automotive Exhaust Emission Control Device Market: Region Analysis

Among the regions, the Asia Pacific market is expected to account for major share in terms of revenue in the global market, owing to increase demand for automobiles, individuals’ spending capacity, high investments in research and development activities, along with rising focus on high comfort and safety of drivers in countries in the region.

The automotive exhaust emission control device market in Latin America is expected to grow at a moderate growth rate, owing to increasing demand for advanced emission devices, along with the Euro 6 equivalent emission norms implemented and adopted in Mexico and Brazil in the region.

Global Automotive Exhaust Emission Control Device Market Segmentation:

Segmentation by Device Type:

Three Way Catalytic Converter (TWC)
Diesel Particulate Filter (DPF)
Gasoline Particulate Filter (GPF)
Diesel Oxidation Catalyst (DOC)
Selective Catalytic Converter (SCR)
Lean NOx Trap (LNT)

Segmentation by Engine Type:

Gasoline
Diesel
Hybrid

Segmentation by Material Type:

Platinum
Palladium
Rhodium

Segmentation by Vehicle Type:

Passenger Vehicles
Commercial Vehicles

Segmentation by Sales Channel:

OEM
Aftermarket