Exhaust Aftertreatment System Market Size, share

Methodology

The study encompassed four primary tasks to determine the present scope of the exhaust aftertreatment system market. Initially, extensive secondary research was conducted to gather data on the market, its related sectors, and overarching industries. Subsequently, these findings, along with assumptions, were corroborated and validated through primary research involving industry experts across the value chain. Employing both bottom-up and top-down methodologies, the complete market size was estimated. Following this, a market breakdown and data triangulation approach were utilized to determine the size of specific segments and subsegments within the market.

Secondary Research

The secondary sources referred to for the study of the exhaust aftertreatment system market are directly dependent on end-use industry growth. Exhaust aftertreatment system sales and end-use industry demand are derived through secondary sources such as the International Council on Clean Transportation (ICCT), Organisation Internationale des Constructeurs d’Automobiles (OICA); the National Mobility Equipment Dealers Association (NMEDA), the Organization for Economic Co-operation and Development (OECD), World Bank, corporate filings such as annual reports, investor presentations, and financial statements, and paid repository. Historical production data has been collected and analyzed, and the industry trend is considered to arrive at the forecast, which is further validated by primary research.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.

Primary interviews have been conducted to gather insights such as exhaust aftertreatment system market sizing estimation and forecast, future technology trends, and upcoming technologies in the exhaust aftertreatment systems. Data triangulation of all these points was done using the information gathered from secondary research and model mapping. Stakeholders from the demand and supply sides have been interviewed to understand their views on the aforementioned points.

Primary interviews have been conducted with market experts from the demand-side (end-use industries) and supply-side (exhaust aftertreatment system providers) across four regions, namely North America, Europe, Asia Pacific, and the Rest of the World. Approximately 60% and 40% of the primary interviews were conducted on the OEMs and component manufacturer sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. After communicating with primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings described in the remainder of this report.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value of the exhaust aftertreatment system market and other dependent submarkets, as mentioned below.

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  Key players in the exhaust aftertreatment system market were identified through secondary research, and their global market ranking was determined through primary and secondary research.
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  The research methodology included a study of annual and quarterly financial reports and regulatory filings of major market players (public), as well as interviews with industry experts for detailed market insights.
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  All vehicle level penetration rates, percentage shares, splits, and breakdowns for the market were determined using secondary sources and verified through primary sources.
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  All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain validated and verified quantitative and qualitative data.
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  The gathered market data was consolidated, enhanced with detailed inputs, analyzed, and presented in this report.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analysed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Market Definition

Exhaust Aftertreatment Systems: The key components of an exhaust aftertreatment system are the exhaust manifold, downpipe, and tailpipe. Exhaust gases released from engine cylinders are accumulated and cooled down by the exhaust manifold and passed on to the catalytic converter through the downpipe. The catalytic converter acts as an exhaust gas purifier and removes the harmful constituents from the gases. These gases travel through the muffler, which minimizes the noise level and finally emits the cleansed exhaust gases from the tailpipe.

After-treatment Devices: These devices remove harmful constituents such as carbon monoxide (CO), carbon dioxide (CO2), nitrogen oxide (NOX), and particulate matter (PM) from the exhaust gas. After-treatment devices considered under this study for diesel engines include a diesel particulate filter, a diesel oxidation catalyst, a lean NOx trap, and a selective catalytic converter, and for gasoline engines, a gasoline particulate filter (GPF).

Key Stakeholders

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  Senior Management
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  End User Finance/Procurement Department
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  R&D Department

Report Objectives

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  To define, describe, and forecast the size of the exhaust aftertreatment system market in terms of value (USD million) and volume (units) between 2024 and 2030 based on the following segments:

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    OE market, by after-treatment device (DOC, DPF, SCR, LNT, and GPF)
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    OE market, by component (manifolds, downpipes, catalytic converters, mufflers, tailpipes, sensors, and Hangers)
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    OE market, by vehicle type (passenger cars, LCVs, buses, and trucks)
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    Aftermarket, by after-treatment device (DOC, DPF, GPF, and SCR)
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    OE market, by off-highway vehicle (agricultural tractors, construction equipment and mining equipment)
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    Off-highway vehicle, by after-treatment device (DPF, DOC, SCR)
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    OE market, by fuel type (diesel and gasoline)
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    By sales channel (OEM and aftermarket)
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    By region (Asia Pacific, North America, Europe, and the Rest of the World)

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  To identify and analyze key drivers, restraints, opportunities, and challenges influencing the market
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  To analyze the market share of leading players in the exhaust aftertreatment system market and evaluate competitive leadership mapping.
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  To strategically analyze key player strategies and company revenue analysis
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  To study the following with respect to the market

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    Trends and Disruptions Impacting Customers’ Businesses
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    Market Ecosystem
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    Technology Analysis
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    Supply Chain Analysis
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    Patent Analysis
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    Regulatory Landscape
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    Case Study Analysis
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    Key Stakeholders and Buying Criteria
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    Key Conferences and Events
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    Trade Analysis
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    Investment and Funding Scenario
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    Pricing Analysis

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  To analyze recent developments, including product launches, partnerships, acquisitions, expansions, and other developments  undertaken by key industry participants in the market
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  To give a brief understanding of the exhaust aftertreatment system market in the recommendations chapter

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Exhaust Aftertreatment System Market, By Aftertreatment Devices & Vehicle Type

Note: The after-treatment devices OE market can be offered for IC vehicle types – Passenger Cars, LCVs, Trucks, and Buses.

Exhaust Aftertreatment System Components Oe Market, By Vehicle Type

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  Passenger Cars
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  LCVs
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  Trucks
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  Buses

Note: The component (exhaust manifolds, downpipes, catalytic converters, mufflers, tailpipes, and sensors) OE market can be offered for IC vehicle types – Passenger Cars, LCVs, Trucks, and Buses at the regional level- North America, Europe, Asia Pacific, and Rest of the World.

Hybrid Vehicle Exhaust Aftertreatment System Oe Market, By After-Treatment Device

Note: The hybrid vehicle (HEV & PHEV) exhaust aftertreatment system OE market can be offered by after-treatment devices – LNT and GPF. The off-highway vehicle (construction equipment and agricultural tractors) market can be offered by after-treatment devices – DOC, DPF, and SCR at the regional level – North America, Europe, Asia Pacific, and the Rest of the World.

Two & Three-Wheeler Vehicle Exhaust Aftertreatment System Oe Market, By Region

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  Asia Pacific
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  Europe
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  North America
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  Rest of the World

Note: The exhaust aftertreatment system OE market can be offered at the regional level – North America, Europe, Asia Pacific, and the Rest of the World.