The Exhaust systems are one of the integral components of vehicular infrastructure, which refer to the extensive piping employed to direct exhaust gases away from the controlled combustion in the interior of an engine or stove. Increase in research & development (R&D) on exhaust system and environmental issues have prompted the vehicle manufacturers to reduce the emission of exhaust gases from their vehicles.
As per analysis, “Global Commercial Vehicle Exhaust Emission System Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global commercial vehicle exhaust emission system market include Mahle, BorgWarner, KSPG, Continental, Gits Manufacturing, Delphi, Klubert + Schmidt, Wells, Corning, Longsheng Tech, Bekaert, Tenneco, Faurecia, Tianruida, BARI, Meet, Baote Precise Motor, Katcon and among others. Leading manufacturers have been making purposeful efforts to amplify their market position. However, in order to tap new clients, manufacturers of these systems have also been looking forward to building the strong foundations in off-road industry.
By type, commercial vehicle exhaust emission system market is bifurcated as Exhaust Gas Recirculation (EGR) system and Selective Catalytic Reduction (SCR) system. Selective catalytic reduction system is an advanced & active emission control technology in which a liquid-reductant agent is injected into the exhaust stream of diesel engine through a special catalyst. The reducing agent is generally urea of automotive grade also recognized as diesel exhaust fluid (DEF) that starts a chemical reaction to convert the nitrogen oxide in to nitrogen, water, and tiny amount of carbon dioxide (CO2). In addition, by application, market is bifurcated as light-duty commercial vehicles and heavy & medium-duty commercial vehicle.
The commercial vehicle exhaust emission system market is driven by growth in implementation of associated regulatory standards, followed by rise in awareness of consumers regarding the adverse effects of pollution on health & environment, increase in greenhouse gas emissions by vehicles and rise in demand for automotive exhaust after-treatment systems owing to stringent emission regulations set by various government agencies across the globe. Apart from this, unavailability of exhaust after-treatment systems for biodiesel and complicated set-up for urea injection is a major hindering factor for market. Moreover, introduction of Real Drive Emission (RDE) tests and surge in production of automobiles, particularly commercial vehicles are leading opportunities for market. Furthermore, maintaining the balance between performance and low-cost diesel after-treatment devices is a major challenge for market.
By regional analysis, the Asia-Pacific and Europe regions hold major share in global commercial vehicle exhaust emission system market owing to increase in automobile production, stringent government regulations for emission control and ongoing & inflowing stringent emission norms in underdeveloped countries such as India, China, and Thailand across the regions. The North-America region is expected to witness higher growth rate due to growth in adoption of nanotechnology in catalytic converters coupled with over the forecast period. It is predicted that future of the global commercial vehicle exhaust emission system market will be bright because of rapid urbanization & rise in disposable income of individuals and increase in sales & production of vehicles having efficient exhaust system during the forecast period.
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Global Commercial Vehicle Exhaust Emission System Market
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