Global Automotive Exhaust Emission Control Device Market is expected to witness significant growth during the forecast period
Market Research Future published a Half Cooked Research Report Global Automotive Exhaust Emission Control Device Market that contains the information from 2018 to 2023. The Global Automotive Exhaust Emission Control Device market is expected to progress with the CAGR of ~6.3% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Exhaust Emission Control Device Market Information from 2018 to 2023″
The prominent players in the global Automotive Exhaust emission control device market market include Denso Corporation (Japan), Johnson Matthey (UK), Continental Emitech Gmbh (Germany), Bosal (Belgium), CDTi Advanced (California), Eberspächer (Germany), Bosch Rexroth (Germany), Tenneco Inc. (USA), Albonair GmbH (Germany), and Faurecia (France).
The automotive exhaust emission control device helps to reduce discharge of hazardous gases like carbon monoxide (CO), nitrogen oxides (NO), and hydrocarbons (HC) from engine, crankcase, carburetor, and other parts of the vehicle. The rising stringent emission standards and growing concern over the environment safety from both public and private sectors are the key factors driving the growth of this market.
Growing automobile production and consumption in the developing countries are set to drive the global automotive exhaust emission control device market. Demand for passenger vehicles and rising purchasing power of people will further boost the growth of this market. Growing industrialization and technological advancements such as weight reduction of automotive exhaust emission control devices will create opportunities for new entrants in the global market. Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global automotive exhaust emission control device market is emergence of electric vehicles and the ban announced on ICE vehicles from developed and developing nations such as Europe, Asia-Pacific and others.
The global Automotive exhaust emission control device market is estimated to witness ~6.3% CAGR during the period from 2018 to 2023.
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The global automotive exhaust emission control device market is segmented on the basis of device type, materials, engine type, vehicle type, sales channel and region. On the basis of device type, the market has been segmented into Gasoline Particulate Filter (GPF), Selective Catalytic Reduction (SCR), Lean NOx Trap (LNT), Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), and Three-Way Catalytic Converter (TWC). Three-Way Catalytic Converter (TWC) is projected to hold the highest growth during the forecast period due to its growing adoption in gasoline powered vehicles from contries such as US, UK and others.
On the basis of materials, the market has been segmented into Rhodium, Palladium, and Platinum. Rhodium material type is projected to be dominant throughout the study period. This is attributed due to its growing adoption because of its excellent properties such as excellent thermal stability and high resistance to corrosion.
On the basis of engine type, the market has been segmented into gasoline, diesel, and hybrid. The segmentation based on gasoline engine type is expected to hold the largest market share during the review period due to the high uses of gasoline engine vehicle in passenger and light commercial vehicles from developing countries.
On the basis of vehicle type, the market has been segmented into passenger cars, commercial vehicles. The passenger cars segment is projected to dominate the market throughout the forecast period due to the excess uses from countries such as China, Japan, Germany, and India.
On the basis of sales channel, the market has been segmented into OEM and Aftermarket. The OEM segment is estimated to hold the largest market share in terms of value during the forecast period.
Read More: https://www.marketwatch.com/press-release/automotive-exhaust-emission-control-device-market-2019-growing-demands-opportunities-leading-companies-research-analysis-trends-global-forecast-2023-2019-02-13
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive exhaust emission control device market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.