NEW YORK, Sept. 23, 2021 /PRNewswire/ --
The automotive catalytic converter market is poised to grow by $ 2.93 bn during 2021-2025, progressing at a CAGR of 1% during the forecast period, according to Technavio. The report offers an up-to-date analysis.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, CDTi Advanced Materials Inc., Continental AG, Eberspacher Group, Faurecia SE, Johnson Matthey Plc, Katcon Global, Klarius Products Ltd., Marelli Holdings Co. Ltd., and Tenneco Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
Stringent regulations to control emissions, reduction in emissions by catalytic converters, and increasing global sales (by volume) of passenger vehicles will offer immense growth opportunities. However, the high cost associated with replacement, increasing sales (by volume) of all-electric vehicles, and the downsides and drawbacks of using automotive catalytic converters will challenge the growth of the market participants.
Automotive Catalytic Converter Market 2021-2025: Segmentation
Automotive Catalytic Converter Market is segmented as below:
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Automotive Catalytic Converter Market 2021-2025: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The automotive catalytic converter market report covers the following areas:
This study identifies developments in the field of automotive catalytic converters as one of the prime reasons driving the automotive catalytic converter market growth during the next few years.
Automotive Catalytic Converter Market 2021-2025: Vendor Analysis
Technavio provides a detailed analysis of vendors operating in the automotive catalytic converter market. Backed with competitive intelligence and benchmarking, our research report on the automotive catalytic converter market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Automotive Catalytic Converter Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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