The Euro 7 regulations compliant market is estimated to grow from 13.6 million units in 2026 to USD 14.1 million units by 2035 at a CAGR of 0.4% from 2026 to 2035
According to European Commission, the Euro 7 standards rules bring emission limits for all motor vehicles, i.e., cars, vans, buses, and lorries, under a single set of rules. The new rules are fuel- and technology-neutral, placing the same limits regardless of whether the vehicle uses petrol, diesel, electric drivetrains, or alternative fuels.
The automotive industry, already moving forward on the trend of electrification, is now baffled by the stricter norms imposed by the European Commission, as it may impact their businesses on a considerable level. The technologies mentioned in the study are already being used in the industry. However, with new emission limits, the market for these technologies is observing a boom.
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The Euro 7 regulations compliant market is led by established players, such as Forvia (Germany), Tenneco Inc (US), Eberspächer (Germany), Johnson Matthey (UK), and Umicore (Belgium). These companies adopted expansion strategies and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in the market.
Forvia (Germany) is a significant player in the automotive catalytic converter market owing to its strong financials, innovative products, high R&D investment, and well-established bench network in regions globally. The company has 300 industrial sites and 63 research and development centers globally. On 31 January 2022, Faurecia acquired Hella (Germany), after which they changed the name to Forvia and called them the seventh largest supplier of automotive parts. With the expanding electric vehicles market, the company had announced to begin their operation in Koriyama Plant (Koriyama City, Fukushima Prefecture), the production base of the Clean Mobility Division, until the year-end of 2021. To strengthen its presence, the company has planned to produce 5,000 exhaust catalyst converters in a month, increasing its existence in the Japanese market by utilizing the operation from this plant and collaborating with top Japanese automakers to expand its business.
Tenneco Inc (US) is the leading player in catalytic converters, which operates through four business segments: Motor Parts, Performance Solutions, Clean Air, and Powertrain. The company designs clean air structures and manufactures and distributes various exhaust systems products to reduce air pollution and optimize engine performance, acoustic tuning, and weight on a vehicle for light vehicles, commercial trucks, and off-highway OE customers. The Clean Air segment operates with 65 clean air manufacturing facilities worldwide, of which 16 are in North America, 21 in Europe, two in South America, and 26 in Asia Pacific. In the first quarter of 2021, the company changed one of its operating segments from the powertrain to the Ride Performance segment. With increased joint ventures and acquisitions to strengthen its presence, in March 2021, the company made a joint venture with Eaton (Ireland) to develop an integrated exhaust thermal management system used in commercial trucks and lightweight vehicles to meet all the emission regulations. The cold start thermal unit of Tenneco will be used with the TVS blower technology of Eaton to develop this thermal management system. To increase its strength in the European region, the player has built its second plant for manufacturing emission control devices, a 5,000-square meter area in St. Peterburg (Russia). The company would easily supply its products, such as exhaust systems and catalytic converters, to OEMs in this region.
Eberspächer (Germany) is a key player in developing automotive systems, supplying exhaust technologies, air conditioning systems, and vehicle heaters. In 2021, the company introduced its new product range, Active Heating Solutions (AHS). Its innovative research has improved its exhaust gas purification system to meet all the new emission legislations for Euro 7 regulations and emissions. It generated USD 4,989 million from the exhaust technology segment, 89.1% of the overall revenue in 2021. In May 2022, the company showcased its PUREM technology, which will be used for exhaust systems in all hydrogen-based engines, such as (H2-ICE) systems. This technology follows all the emission standards under Euro 7 regulations set by the European government and will be used against the clean mobility solution. In 2021, the company made USD 30 million investment to establish a new operation in Louisville, Kentucky. Eberspächer is actively strategizing on capturing the exhaust system market in the Asia Pacific. For instance, it announced a joint venture with Sharda Motor Industries Ltd (India) and Yuchai International Limited (China) in 2019.
Euro 7 Regulations Compliant Market by Vehicle Type & Country (Passenger Cars, LCVs, HCVs), Technology (DOC, DPF/GPF, SCR, ASC, EGR, EHC, & LNT), Sensors (Exhaust Gas Pressure & Temperature, PM, Oxygen/Lamba, NOx, & MAP/MAF Sensors) - Forecast to 2035
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