DUBLIN–(BUSINESS WIRE)–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
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
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
- Magneti Marelli
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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