Global Automotive Exhaust Aftertreatment Systems Market Sales by OEM Channels to Grow 4X by 2030

Surpassing a valuation of ~US$ 88 Bn in 2019, the global automotive exhaust aftertreatment systems market is projected to grow at a value CAGR of 4% by the end of forecast period 2020-2030. 2019 and 2020 have been tough years for automotive sector due to the outbreak of coronavirus and unstable economic conditions globally. The sales of automotive exhaust aftertreatment systems is plummeting as the global automotive industry is integrated.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3228

However, it is foreseen that, the demand for aftertreatment systems for automotive exhaust is expected to observe positive growth due to the stringent emission regulations set by several government agencies around the world. For instance, European countries have adopted Euro VI emission norms and developing countries like India are transitioning towards BS-VI norms. However, this rise is expected by the end of 2020 when the pandemic is brought under control and the production of automobiles ramps up.

Key Takeaways of Automotive Exhaust Aftertreatment Systems Market

• The global automotive exhaust aftertreatment systems market is projected to create an absolute $ opportunity of more than ~US$ 42.3 Bn and is anticipated to surpass a value of ~US$ 131.1 Bn during the forecast period
• East Asia is projected to account for major share of the market as compared to the rest of the regions, accounting for 37.5% share by the end of forecast period

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=3228

• OEM sales channels are projected to grow 4X faster than aftermarket sales channel and is anticipated to create an absolute $ opportunity of more than ~US$ 32.9 Bn during the forecast period
• Amongst all product types, diesel particulate filters (DPF) accounted for ~47% of the demand pie in 2020

“Despite the spread of COVID-19 and sluggish economic growth globally, a positive outlook for production of automotive vehicles by third quarter is anticipated in developing countries like India and China which will set the tone for growth in the automotive exhaust aftertreatment systems market” says the Fact.MR analyst

Facility Expansion to Enhance Market Resiliency

Key players in the automotive exhaust aftertreatment systems market are Bosal Group, Friedrich Boysen GmbH & Co. KG, Cummins Inc., Donaldson Company, Inc., Magneti Marelli S.p.A., Johnson Matthey, Eberspächer Group, Tenneco Inc., among others.

For in-depth competitive analysis, buy now - https://www.factmr.com/checkout/3228/S
 
Prominent automotive exhaust aftertreatment system market players are focusing on expanding their manufacturing facilities to increase their reach in the global market.

For instance,
• In 2020, the Bosal Group has invested heavily to upgrade and relocate its new OEM manufacturing Emission Control System (ECS) plant in Koedoespoort Industrial, Pretoria. With the expansion, the company intends to double its revenues from the MEA region
• In 2020, Magneti Marelli expanded its new research and development center in Turin. With that expansion, the company is focusing on innovating new technologies in the field of Lighting and Body Electronics (LBE).
• In 2018, Friedrich Boysen GmbH & Co. KG expanded its business unit in Pune, India. With this expansion, the company is targeting the growing demand for emission control systems in India and also increase its revenue in Asia Pacific region

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Research Insight: https://www.factmr.com/report/3228/automotive-exhaust-aftertreatment-systems-market
Content Source: https://www.factmr.com/media-release/1471/global-automotive-exhaust-aftertreatment-systems-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.