Emission Norms Act as Key Driver of Automotive Exhaust Aftertreatment Systems Market Growth

Feb. 16, 2016 - PRLog -- LONDON – In the previous year, the global market for automotive exhaust aftertreatment systems was estimated at over 141 million units. This figure is likely to continue growing at a 7.87% CAGR in the years to come and will probably exceed 206.4 million by 2020. Growth is boosted by rigid emission regulations, rising demand for electric and hybrid-electric vehicles, ongoing technological advancements, constantly increasing emissions awareness amid consumers and expanding urbanisation, among other favourable factors.

During the past several years, remarkable growth in the automotive exhaust aftertreatment systems market was registered in the US, India, Mexico and China primarily due to constantly increasing vehicle production along with stringent emission regulations.

North America is one of the most lucrative regional markets for automotive exhaust aftertreatment systems. This regional market is expected to see the highest CAGR through 2020 propelled by a number of factors including strong demand for low-emission vehicles and strict emission regulations.

The automotive exhaust aftertreatment systems market is led by several globally established giants, including Tenneco and Faurecia.

More details on the vehicle emission regulations along with a detailed impact analysis for the automotive stakeholders and the worldwide emission reduction technologies market can be found at our website https://marketpublishers.com/report/other_vehicle/vehicle-emission-standards-impact-analysis-by-emission-regulations.html