Vehicle emission regulations are a set of guidelines/protocols for automotive component/vehicle design, manufacturing equipment, and exhaust aftertreatment system manufacture. The primary objective of these regulations is to minimize vehicle exhaust emissions. The automotive exhaust aftertreatment systems market, by volume, is projected to grow at a CAGR of 7.87% from 2015 to 2020. This growth can be attributed to the impact of current and pending emission regulations across the globe.
Northbrook, IL -- (SBWIRE) -- 04/18/2018 -- The report "Vehicle Emission Standards & Impact Analysis by Emission Regulations (Vehicle Type (Light Duty, Heavy Duty), Fuel Type (Gasoline, Diesel), Region (Europe, Asia-Oceania, North America, Row), and Automotive Regulatory Bodies) - Global Analysis and Forecast to 2020", defines automotive emission regulations, with an impact analysis for automotive stakeholders and the global market size of emission reduction technologies, by volume.
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Browse 53 market tables and 24 figures spread through 78 pages and in-depth TOC on "Vehicle Emission Standards & Impact Analysis by Emission Regulations (Vehicle Type (Light Duty, Heavy Duty), Fuel Type (Gasoline, Diesel), Region (Europe, Asia-Oceania, North America, Row), and Automotive Regulatory Bodies) - Global Analysis and Forecast to 2020"
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The automotive exhaust after-treatment systems market is estimated to be 141,366.05 Thousand units in 2015 and is projected to reach 206,430 Thousand units by 2020, growing at a CAGR of 7.87% from 2015 to 2020. The automotive exhaust after-treatment systems market has witnessed considerable growth in countries such as the U.S., China, India, and Mexico, owing to the increasing vehicle production and stringent emission norms.
Asia-Oceania: a Fastest-growing market for automotive after treatment exhaust systems
Asia-Oceania has emerged as a global leader in terms of vehicle production and also manufactures the highest number of automotive after treatment exhaust systems. China has been the largest automobile market in the world for the past decade. This can be primarily attributed to major OEMs setting up manufacturing plants in the country, as it offers favorable work conditions and an economical workforce, and represents promising opportunities for the automotive exhaust after-treatment systems market. India plans to skip the BS V emission norms, and to directly implement BS VI emission norms in 2020. This will result in the increased adoption of aftertreatment exhaust systems in the country. After treatment devices used for the treatment of diesel exhaust gases offer major growth opportunities for exhaust after-treatment system manufacturing companies. The latest emission norms have lowered the permitted emission limit for a vehicle. This has boosted the growth of diesel exhaust aftertreatment systems, as they help OEMs comply with these norms. Aftertreatment devices are not limited to diesel engines; some of the modern gasoline-powered vehicles incorporate gasoline particulate filters (GPF). The GPF is a technology that was developed to reduce particulate matter content in exhaust gases, as the direct injection in gasoline engines creates additional particulate matter. The sales statistics for Asia-Oceania indicate promising growth potential, due to the increasing sales of passenger cars, pick-up trucks, and SUVs. Additionally, the region has stringent emission and fuel economy standards.
The report outlines the global emission regulations and their impact on automotive stakeholders. It covers the global automotive after treatment exhaust systems market, in terms of volume ('000 units). It explains the qualitative and quantitative aspects of the automotive exhaust after treatment systems market on the basis of emission regulations by region and impacts analysis for stakeholders. It also provides an overview of technical factors and other important aspects of the automotive exhaust after-treatment systems market.
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