Market Size of Asia-Pacific Automotive Exhaust Aftertreatment Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Automotive Exhaust Aftertreatment Systems Market Analysis
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is anticipated to register a CAGR of around 9% during the forecast period.
- The technological level for the Automotive Exhaust Aftertreatment Systems Market has evolved with modern engine design and active exhaust gas after-treatment systems. As a result of all this, there is a decrease in exhaust emissions from automobiles. Although, with continuous production in vehicle numbers and with car ownership reaching an all-time high, the challenges for scientists and engineers to develop further improved exhaust after treatment systems have been much focused and researched upon.
- Asia-Pacific dominated the automotive exhaust aftertreatment systems market in 2019, accounting for more than 35% of the market share. Even though the automobile production growth rate has plummeted over the last few years, but countries such as India, China, and the rest of South Asian nations have seen an upward growth rate. This is primarily because of its rise in population, improved opportunities, affordability, and higher GDP growth rate.
- However, with the present scenario of COVID-19 outbreak, the automotive exhaust aftertreatment systems market and the entire automobile market is experiencing a negative growth rate. Nevertheless, with the emergence of electric vehicles and an increasing ban on diesel vehicles, especially in the developed nation, the growth for Exhaust Aftertreatment Systems, the market will face challenges.
APAC Automotive Exhaust Aftertreatment Systems Industry Segmentation
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market report covers the current and upcoming trends with recent technological development. The also covers:
| By Vehicle Type | |
| Passenger Vehicles | |
| Commercial Vehicles |
| Fuel Type | |
| Gasoline or Petrol | |
| Diesel | |
| Others |
| Filter Type | |
| Particulate Matter Control System | |
| Carbon Compounds Control System | |
| NOx Control System | |
| Others |
| Geography | |||||||
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Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Size Summary
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is poised for significant growth, driven by advancements in technology and increasing regulatory pressures to reduce vehicle emissions. The region has been a dominant player in this market, with countries like China and India experiencing robust growth due to rising populations, economic development, and increased vehicle ownership. Despite challenges posed by the COVID-19 pandemic and the shift towards electric vehicles, the demand for exhaust aftertreatment systems remains strong. This is largely due to stringent emission regulations aimed at curbing pollutants from diesel engines, which are known for their efficiency but also for contributing significantly to environmental pollution.
The market is characterized by a fragmented landscape with both international and regional players such as Delphi Technologies, Cummins, and Tenneco Inc. actively competing to capture market share. These companies are engaging in strategic partnerships and product innovations to meet the evolving regulatory standards and consumer demands. In response to the stringent emission norms, particularly in countries like China and India, there is a concerted effort to adopt advanced aftertreatment technologies. This includes the development of urea transport systems and exhaust gas clamps to comply with regulations like India's Bharat Stage VI. As a result, the Asia-Pacific region is expected to continue its upward trajectory in the automotive exhaust aftertreatment systems market, driven by both regulatory mandates and technological advancements.
Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Vehicle Type
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2.1.1 Passenger Vehicles
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2.1.2 Commercial Vehicles
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2.2 Fuel Type
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2.2.1 Gasoline or Petrol
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2.2.2 Diesel
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2.2.3 Others
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2.3 Filter Type
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2.3.1 Particulate Matter Control System
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2.3.2 Carbon Compounds Control System
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2.3.3 NOx Control System
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2.3.4 Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia Pacific
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Asia-Pacific Automotive Exhaust Aftertreatment Systems Market Size FAQs
What is the current Asia-Pacific Automotive Exhaust Aftertreatment Systems Market size?
The Asia-Pacific Automotive Exhaust Aftertreatment Systems Market is projected to register a CAGR of less than 9% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Exhaust Aftertreatment Systems Market?
Delphi Technologies PLC , Cummins , Harris, Tenneco Inc. , Donaldson Company and Bosal Group are the major companies operating in the Asia-Pacific Automotive Exhaust Aftertreatment Systems Market.
