Asia-Pacific
Garbage Collection Vehicle Market:
The Asia-Pacific Garbage Collection Vehicle
Market is evolving as the
country seeks to reduce its environmental impact. Stricter emission standards
and growing environmental awareness are driving demand for devices such as
catalytic converters and particulate filters. Although the market is still
developing, it presents opportunities for local and international manufacturers
to contribute to cleaner air and more sustainable transportation solutions.
Automotive exhaust emission control devices are critical components
designed to reduce the harmful pollutants emitted from internal combustion
engines, contributing to environmental conservation and air quality
improvement. These devices are integrated into a vehicle's exhaust system to
mitigate the release of pollutants such as nitrogen oxides (NOx), carbon
monoxide (CO), hydrocarbons (HC), and particulate matter. Common emission
control devices include catalytic converters, diesel particulate filters (DPF),
and selective catalytic reduction (SCR) systems. Catalytic converters, for example,
use catalysts to convert harmful gases into less harmful substances before they
are released into the atmosphere.
The global Automotive
Exhaust Emission Control Device Market is poised to secure a significant
market valuation at a moderate 6.9% CAGR During the forecast year 2023-2032
Stringent emission
standards and regulations worldwide have compelled automotive manufacturers to
invest in advanced emission control technologies. These devices not only play a
crucial role in reducing environmental impact but also contribute to public
health by minimizing the health risks associated with air pollution. As the
automotive industry continues to innovate, research and development efforts are
focused on creating more efficient and environmentally friendly emission
control devices to meet evolving regulatory standards and address global
concerns about climate change and air quality.
Global
Automotive Exhaust Emission Control Device 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).
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Report of Automotive Exhaust Emission Control Device Market
Drivers
and Restraints
The growing stringent emission standards
and rising concern over the environment safety from both the 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. Furthermore, technological advancement, rising awareness from the
key manufacturers in decreasing the carbon footprints, and growing usages of
emission control three-way catalyst converter in automotive vehicles are set to
drive the development of this market during the study period.
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.
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.
Based on the 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
Overview
The 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. Constant improvement in technology for weight reduction
of the automotive exhaust emission control device will further enhance the
Asia-Pacific market size.
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. In addition to this, the
presence of key manufacturers such as Continental Emitech Gmbh, Johnson
Matthey, and Albonair GmbH are anticipated to fuel the development of this
market.
North America is estimated to hold the
second-highest market share in terms of value in 2017 and continue its advancement
during the forecast period. This progress is attributed due to the high rate of
deployment of these devices in countries such as the US and Canada.
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