Automotive Catalytic Converter Markets - Worldwide Outlook to 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 7, 2018--The “Global Automotive Catalytic Converter Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
Globally, approximately 90% of the passenger vehicles are equipped with catalytic converters. The global automotive industry registered sales of 70.85 million units of passenger vehicles in 2017, with a growth rate of 1.93% compared with 2016.
In terms of geography, APAC dominated the global passenger vehicles sales with approximately 40.74 million units, followed by Europe with nearly 17.93 million units and the Americas with approximately 11.30 million units.
China, the US, and Japan led the global sales of passenger vehicles and accounted for approximately 50% of the sales in 2017. Thus, the increasing volume sales of passenger vehicles fuel the growth of the global automotive catalytic converter market.
One trend in the market is developments in the field of automotive catalytic convertors.
The automotive catalytic converter market is witnessing developments in terms of improved structure designs, materials used, and method of operation. Automotive catalytic converters are increasingly becoming energy- and fuel-efficient. Vendors are focusing on improving the designs of catalytic converter designs. New, advanced catalytic converter prototypes are in the developing stages.
According to the report, one driver in the market is emergence of advanced emission control solutions for aftermarket.
The increasing focus on environmental pollution caused by automobiles drives developments in vehicle exhaust systems. Stringent emission standards have led to the development of advanced emission control systems and energy-efficient vehicles that cause less pollution
Further, the report states that one challenge in the market is high cost of development and replacement of catalytic converters.
The extensive use of automotive electronics and advanced materials, as well as the implementation of advanced processes and machinery in automobile design, development, and manufacturing, has led to the growth of the global automotive industry. Modem automobiles are safe and energy- and fuel-efficient.
These developments, however, have increased the cost of automobiles. Automotive catalytic converters have evolved in terms of design and components used.
Key PlayersContinental Faurecia Magneti Marelli Tenneco Eberspcher Katcon
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/cw7wv4/automotive?w=4
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Related Topics:Exhaust Systems and Components
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/07/2018 11:26 AM/DISC: 12/07/2018 11:25 AM