Market Size of North America 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 | > 8.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Automotive Exhaust Aftertreatment Systems Market Analysis
The North America Automotive Exhaust Aftertreatment Systems Market is expected to register a CAGR greater than 8.7% during the forecast period (2020 - 2025).
The technological level for the Automotive Exhaust Aftertreatment Systems Market has evolved with modern engine design and active exhaust gas aftertreatment systems. As a result, there is a decrease in exhaust emissions from automobiles over the past few years. Although, with continuous production in vehicle numbers and with car ownership reaching its all-time high, there are tremendous challenges for scientists and engineers to develop improved exhaust aftertreatment systems. In the future
North America region is one of the largest markets for Automotive Exhaust Aftertreatment Systems. All this is due to stringent regulations imposed by the government. The United States Department of Energy (DOE) has partnered with domestic OEM companies to develop advanced technologies. However, one major drawback is the inability of current catalyst and aftertreatment technologies to provide much lower exhaust temperatures that will accompany highly efficient combustion.
With the emergence of electric vehicles and an increasing ban on diesel vehicles, the market will face challenges, especially in the developed nation, and the growth for Exhaust Aftertreatment Systems will face challenges.
