The Global Automotive Emission Control System Market is Expected to Grow with a CAGR of 8% from 2023 to 2030
The Global Automotive Emission Control System Market is Expected to Grow with a CAGR of 8% from 2023 to 2030
Blog Article
According to a market report by Lucintel, the future of the global automotive emission control system market looks promising with opportunities in the oxygen sensor, egr valve, catalytic converter, air pump, Pcv valve, and charcoal canister markets. The global automotive emission control system market is expected to reach an estimated $88 billion by 2030 from $55 billion in 2023 at a CAGR of 8% from 2023 to 2030. The major drivers for this market are strict government policies on emissions, rising environmental consciousness, and innovation in technology.
In this market, passenger car, & commercial vehicle are the major segments of automotive emission control system market by type.
Lucintel forecasts that catalytic converter will remain the largest segment over the forecast period due to helps in reducing the release of harmful gases from internal combustion engines and other components.
Within this market, passenger car will remain the largest segment.
Europe will remain the largest region over the forecast period.
Faurecia, Futaba Industrial, Eberspaecher, Tenneco, and Yutaka Giken are the major suppliers in the automotive emission control system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056