Global Vehicle Exhaust Emission Control Equipment Market Growth 2025-2031

The global Vehicle Exhaust Emission Control Equipment market size is predicted to grow from US$ 949 million in 2025 to US$ 1233 million in 2031; it is expected to grow at a CAGR of 4.5% from 2025 to 2031.

When the control and improvement of the engine reaches a certain emission level, the catalytic converter is necessary to meet further strict emission regulations. Usually the catalytic converters used in gasoline and diesel engines are different. The early catalytic converters of gasoline engines were only two-effect (two-bed), that is, only CO and HC were processed. With the stricter emission regulations and restrictions on NOx in various countries, three-way catalytic converters (three-way catalytic converters) are now used. When the exhaust gas passes through the catalytic converter, under the catalysis of these catalysts, CO and HC undergo a chemical reaction with O2 (called an oxidation reaction), so that HC generates H2O, CO becomes CO2, and NOx is reduced to O2 and N2.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

LP Information, Inc. (LPI) ' newest research report, the “Vehicle Exhaust Emission Control Equipment Industry Forecast” looks at past sales and reviews total world Vehicle Exhaust Emission Control Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Vehicle Exhaust Emission Control Equipment sales for 2025 through 2031. With Vehicle Exhaust Emission Control Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle Exhaust Emission Control Equipment industry.

This Insight Report provides a comprehensive analysis of the global Vehicle Exhaust Emission Control Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle Exhaust Emission Control Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle Exhaust Emission Control Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle Exhaust Emission Control Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle Exhaust Emission Control Equipment.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle Exhaust Emission Control Equipment market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Platinum
Palladium
Rhodium

Segmentation by Application:
OEM
Aftermarket

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Johnson Matthey
Faurecia
Eberspacher Climate Control Systems
DENSO Corporation
Friedrich Boysen
Calsonic Kansei Corporation
Yutaka Giken
Bosal
Katcon
CDTi Advanced Materials
Jetex Exhaust
SANGO
Continental Emitech
Tenneco
Albonair
IBIDEN
Corning Incorporated

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vehicle Exhaust Emission Control Equipment market?

What factors are driving Vehicle Exhaust Emission Control Equipment market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vehicle Exhaust Emission Control Equipment market opportunities vary by end market size?

How does Vehicle Exhaust Emission Control Equipment break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.