According to the current analysis of Reports and Data, the GlobalCatalytic Converter Marketwas valued at USD 40 Billion in 2018 and is expected to reach USD 75 Billion by year 2026, at a CAGR of 8.4%. The study covers catalytic converters, which are used to treat the harmful exhaust gasses and reduce them into less-harmful exhaust gasses. Recent emergence of strict emission regulations has led to the development of catalytic converters which can reduce the impact of emission gasses into the environment. New material combinations are being experimented for producing low cost catalytic converters.
Phenomenal growth of the automobile market worldwide, significant focus of automotive OEMs towards the production of low-cost and low-emission catalytic converters, rising demands of population for performance aftermarket automotive parts, availability of public as well private funds for research, and favorable regulatory scenario, are some of the key factors propelling market growth in the industry. However, associated high cost of the raw material, and emergence of electric vehicles, are the major hindrance for market growth during 2019-2026.
Get a sample of the report: @ https://www.reportsanddata.com/sample-enquiry-form/1673
The key players studied in the report are:
- BASF SE,
- Continental,
- Faurecia,
- Benteler International AG,
- Eberspacher,
- Magnaflow,
- Johnson Matthey,
- Umicore,
- Others
Market Segmentation:
Type Outlook (Revenue: USD Billion; 2017-2027)
- Two Way
- Three Way
- Diesel Oxidation Catalyst
Material Type Outlook (Revenue: USD Billion; 2017-2027)
- Palladium
- Rhodium
- Platinum
Purchase Premium Report: @ https://www.reportsanddata.com/report-pricing/1673
The study covers latest industry information, growth opportunities, and trends. It further explains in detail the competitive landscape of the industry with regional and global analysis and profiles of each competitor. The report highlights the recent mergers and acquisitions, collaborations, joint ventures, government initiatives, product launch or brand promotion, licensing agreements, and memorandum of understandings happening in the market. The report further offers data about key competitors including their manufacturing and production capacities, product portfolio, gross profit margins, strategic expansion plans, and projects and products in pipeline.
The automotive industry has expanded significantly over the recent past with a rapid rise in technology-driven trends such as diverse mobility, electrification of transportation sectors, autonomous driving, and integration of advanced technologies such as AI, ML, and deep learning in autonomous driving systems. Increasing trend of self-driving cars across the globe, rising investment in development of sophisticated and luxurious autonomous cars, and growing shift towards electric and hybrid vehicles to curb carbon emissions are some factors expected to drive revenue growth of the market over the forecast period. Trend of micromobility, connected and shared mobility, and increasing popularity of vehicle connectivity are disrupting the automotive industry and are expected to boost sales of autonomous and advanced cars over the coming years. In addition, rapid emergence of ride sharing platforms and apps, increasing investment to develop robust electric vehicle charging stations, and rising reliance on real-time predictive analytics to inform users of incoming traffic, navigations, and quicker routes are some other factors contributing to rapid growth of the automotive industry.
The report offers a country-wise and region-wise analysis to provide better understanding of the geographical expansion of the market and the current trends, demand and supply, customer trends, production and consumption trends, and import/export of each country in the region.
Further, the report segments the Catalytic Converter market on the basis of products, applications, and end-use, among other segments and offers details about the segment expected to account for largest revenue share or rapid revenue CAGR and the key trends and factors influencing the revenue growth.
Major geographical regions analysed in the report include: -
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report: @ https://www.reportsanddata.com/request-customization-form/1673
Thank you for reading our report. For further query or inquiry, please get in touch with us. Our team will help you get the report as per your needs.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help clients make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
