Latest News- Commercial Vehicle Urea Tank Market: LCV is expected to lead the Application segment during 2025-2029

The Commercial Vehicle Urea Tank Market is being driven by Increasing penetration of SCR in commercial vehicles

The Commercial Vehicle Urea Tank Market is expected to grow at a CAGR of 5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 140.2 million. Commercial vehicle manufacturers face increasing pressure to comply with stringent emission norms, necessitating the integration of multiple emission control systems, such as Exhaust Gas Recirculation (EGR), Selective Catalytic Reduction (SCR), particulate filters, and urea tanks. OEMs are responding by developing integrated after-treatment systems, enabling them to procure a comprehensive suite of emission control components from a single supplier. This approach offers several advantages, including increased effectiveness of individual systems, cost savings through bulk purchasing, and simplified supply chain management. For instance, Cummins' Single Module After-Treatment system combines SCR, diesel oxidizing catalyst, and diesel particulate filter into a single component, streamlining the manufacturing process and providing vehicle manufacturers with a cost-effective, high-performance solution. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • LCV
  • HCV
• Distribution Channel
  • OEM
  • Aftermarket
• Capacity
  • Below 50 liters
  • 50 to 100 liters
  • Above 100 liters
• Material
  • Stainless steel
  • Plastic
  • Composite materials
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing penetration of SCR in commercial vehicles
• Raising penetration of diesel engines in commercial vehicles
• Rising adoption of stringent emission norms in emerging countries

However, the market also witnesses some limitations, which are as follows:

• Increasing prices of high-density polyethylene
• Reduced availability of low-sulfur fuel in emerging countries
• Reduced fuel efficiency due to increased consumption of engine power for heating urea tank

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Market Scope in Commercial Vehicle Urea Tank Market Research Report

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Research Analysis Overview

The Commercial Vehicle Urea Tank Market is driven by the increasing global focus on reducing air pollution from vehicles. Urea, a key component in Diesel Exhaust Fluid (DEF), is used in Selective Catalytic Reduction (SCR) systems to convert exhaust gases into harmless nitrogen gas and water vapor. The market is influenced by factors such as the availability of skilled workforce, price of urea and adulteration, incentives, subsidies, and upfront costs for DEF filling stations. The transition to electric vehicles may impact the market's future growth. The summation of data reveals the importance of maintaining DEF infrastructure to meet the demand for diesel vehicles and mitigate vehicular emissions.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle categories, including commercial vehicles (CVs), heavy-duty vehicles, electric vehicles (EVs), motorcycles, scooters, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers for this market include the escalating demand for electronic control units (ECUs) and other electrical components due to the rising sales of CVs, EVs, motorcycles, and passenger cars over the past decade. Additionally, stringent regulations on air pollution from vehicle exhausts will further propel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/