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Catalytic Converter Market Forecasts and Growth Opportunity By Industry Players: Faurecia, Tenneco, Continental, Eberspächer and Others.

02-17-2020 11:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Catalytic Converter Market Forecasts and Growth Opportunity

According to Market Study Report, Catalytic Converter Market provides a comprehensive analysis of the Catalytic Converter Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Catalytic Converter Market.

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The Catalytic Converter Market is projected to grow from US$ 42.4 Billion in 2018 to US$ 73.1 Billion by 2025, at a CAGR of 8.10%. This report spread across 211 Pages, Profiling 10 Companies and Supported with 123 Tables and 64 figures is now available in this research.

Top Key Players profiled Catalytic Converter Market:
o Faurecia (France)
o Tenneco (US)
o Continental (Germany)
o Eberspächer (Germany)
o Johnson Maththey (UK)
o Umicore (Belgium)
o Futaba (Japan)
o BAEF (Germany)
o CDTI Materials (US)
o Benteler International (Austria)

Agriculture tractors hold the maximum share in the overall off-highway vehicle segment. The demand for agricultural tractors is driven by increasing mechanization rate, rising global population, shortage of skilled farm labor, increasing labor cost, and the growingneed for operational efficiency and profitability. With the rising demand for tractors, the demand for several after treatment devices will also grow simultaneously. DOC and DPF devices are fitted in most of the agricultural tractors to comply with off-highway vehicle emission norms.

"Asia Oceania is estimated to be the largest catalytic converter market during the forecast period."
The catalytic converter market in Asia Oceania is expected to be the largest during the forecast period. The major driving factors are huge vehicle production and upcoming emission norms in developing countries such as China and India. China and India are currently following China IV and BS IV respectively, and are planning to launch China VI and BS VI directly which will fuel the growth of catalytic converter.

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Reason to access this report:
o OE Market Size, by Catalytic Converter Type: The report offers in-depth market sizing and forecast up to 2025, by catalytic converter type, such as TWCC, FWCC, DOC, SCR, and LNT. The market sizing for catalytic converter type is covered at the country and regional levels considered under this study.
o OE Market Size, by Material: The report offers in-depth market sizing and forecast up to 2025, by material, such as palladium, platinum, rhodium, others. The market sizing for components is covered at vehicle types and regional levels considered in the study.
o OE Market Size, by Off-highway Vehicle: The report offers in-depth market sizing and forecast up to 2025, by off-highway vehicle, such as agricultural tractors, construction equipment, and mining equipment. The market sizing for off-highway vehicle is covered for regions considered in the study
o Aftermarket Size, by Vehicle Type: The report offers in-depth aftermarket sizing and forecast up to 2025, by vehicle type, at a regional level.
o The report provides "Market Share" of the leading players in the catalytic converter market.
o Market Development: The report provides comprehensive information about lucrative emerging markets for catalytic converter across regions.
o Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the catalytic converter market.
o Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the catalytic converter market.

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