Infinium Global Research has added
a new report on Automotive
Catalytic Converter Market. The report presents analysis of global as
well as regional markets of automotive catalytic converter market over the
period of 2016 to 2024. The catalytic converters are accountable for the emission control
by converting the toxic gas into non-toxic gases. Harmful carbon monoxide and
hydrocarbons are converted to water vapor and carbon dioxide. The Catalytic
converters assembly consist of a substrate, mat, shell, and cones. The
materials used for the catalyst converter should be able to provide good
thermal properties, corrosion resistance, and strength. The catalyst converter
is classified because of their mounting positions. The first one is the
maneuverer welded on the manifold. The second one is a closed coupled converter
that is placed at a distance between 350 and 650 mm from the engine head-face.
The third one is the underbody converter placed after the flexible coupling or
beyond 650 mm. The suitable converters are selected and positioned in the
exhaust system to meet the required emission standards.
Growing environmental concerns and strict exhaust emission laws
are the major factors driving the automotive catalytic converter market.
Additionally, growing automotive industry is further facilitating growth in the
automotive catalytic converter market. There is a significant growth in the
sales of passenger vehicles in the Asia Pacific and Latin America region. Besides
this, increasing inclination and stringent government regulations towards the
adoption of electric vehicles to further facilitate growth in this market.
Moreover, rising disposable income in many developing nations to fuel growth in
the automotive catalytic converter market. In addition, introduction of
electrical scooter and electric motorcycles are anticipated to boost the growth
of the automotive catalytic converter market over the forecast period. On the
other hand, increasing demand for fuel-efficient vehicles and increase in
advancement in material technology are anticipated to provide several
opportunities for the growth of the automotive exhaust systems in the upcoming
years. On the other hand, the prominent players are anticipated to reduce the price
tensions produced by regional players with the establishment of the strong
footprint can led to increased profits. Moreover, with the adoption of new
technologies the automotive catalytic converter market offers several benefits
such as reduced carbon dioxide emissions and improved fuel consumption.
Asia Pacific region emerged as the largest region for the automotive catalytic converter followed by Europe. Asia Pacific region houses 60% of the global population. Countries such as China, India, and Japan have highest number of passenger car sales. In addition, the sales of the motorcycle is the highest in the countries like India, China, Vietnam, and Indonesia. These automotive catalytic converter systems are utilized in these two-wheelers and 4-wheelers that makes Asia Pacific market the leading region for the automotive catalytic converter market. Besides this, Asia Pacific region has high number of local manufacturer that manufactures automotive catalytic converter. With rising economy and high disposable income countries and increasing awareness about the noise pollution and fuel consumption, the Asia Pacific region to remain dominant in this market, throughout the forecast period. On the other hand, growing environmental concerns and stringent exhaust noise laws are anticipated to maintain the dominance in the North American and European markets in the upcoming years. Moreover, automotive sales in this region is expected to witness modest growth in the coming years. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive catalytic converter market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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15% discount for early purchase of global automotive catalytic converter market
report by clicking the following link, Use code IGRD15 to request the discount
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The recent report identified that
Asia Pacific dominated the global automotive catalytic converter market over
the last couple of years, while emerging markets of Asia-Pacific and Latin
America are anticipated to contribute significantly to the growth in the
automotive catalytic converter market worldwide.
The report segments the global
automotive catalytic converter market on the basis of Converter Type and
Vehicle Type.
Global Automotive Catalytic
Converter Market by Converter Type
·
Two Way Catalytic Converter
·
Three-way Catalytic
Converter
·
Diesel Oxidation Catalyst
·
Others
Global Automotive Catalytic
Converter Market by Vehicle Type
·
Passenger Cars
·
Commercial Vehicles
Companies Profiled in the Report
·
Faurecia
·
Tenneco
·
Benteler International
AG
·
Magneti Marelli S.P.A
·
Eberspacher Group
·
Futaba Industrial Co.
Ltd
·
Calsonic Kansei Corporation
·
Sango Co.Ltd.
·
Yutaka Giken Co. Ltd.
·
BASF
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