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Catalytic Converter Market by Type, Material, Region And Aftermarket by Region - Global Forecast to 2021

Catalytic Converter Market: Global Forecast until 2021

  • April 2017
  • 165 pages
  • ID: 5123135
In this report:
According to MarketsandMarkets analysis, vehicle production is estimated to grow to ##.## million units by 2021 at a projected CAGR of ##.##% from 2016 to 2021, indicating a substantial growth in vehicle production and hence, in the demand for catalytic converters.
The global catalytic converter aftermarket for passenger cars is expected to be ##.## million units in 2016 and is projected to reach ## million units by 2021 growing at the CAGR of ##.##% during the forecast period.


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"Stringent emission regulations and growing vehicle production & parc are driving the catalytic converter market"

The catalytic converter market is estimated to rise at a compound annual growth rate of ~8.1 percent, to attain a market size of ~$55.2B by 2021. The implementation of stringent emission norms globally and rising vehicle production as well as parc are driving the catalytic converter original equipment market and aftermarket. Alternatively, increasing demand for electric vehicles can undermine the market demand for catalytic converters.

"Passenger cars constitute the biggest catalyst converter market globally"

According to MarketsandMarkets review, passenger cars account for almost 74.0 percent of the total vehicle production globally. In consequence, the main demand for catalyst converters is generated by passenger car production. Additionally, the industry demand for passenger cars is growing, especially in emerging countries including China and India (IN). Also, the share of new gasoline-fueled passenger cars is growing, as distinguished to diesel-fueled passenger cars. Accordingly, the catalytic converter market for passenger cars is the biggest market globally. The rise of this market can be accredited to growing production and increasing consumer preference for passenger cars.

"Oceania/Asia: Fastest increasing catalytic converter market in the automotive sector"

The Asia-Oceania area leads the catalytic converter market, owing to rising vehicle production in countries including China (CN) and India (IN). Futhermore, the vehicle production in these countries is expected to grow at >6.0% Compound annual growth rate during the period of next five years. This has led to the raised demand for catalytic converters in this area.

To meet this demand, leading catalytic converter manufacturers including Faurecia SA, Tenneco, Incorporated, and Eberspacher Group have set up their manufacturing plants in the territory. Therefore, due to the presence of leading tier-1 manufacturers and Original equipment manufacturers, the Asia-Oceania area is forecasted to be the biggest catalytic converter market globally. On top of, the increasing demand for gasoline fueled passenger cars is anticipated to have contributed towards the increase of this market.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from catalytic converter component suppliers to catalytic converter manufacturers. The break-up of the primaries is like:

• By Company category - Tier-1 - 64.0 percent, Tier-2 - 21.0 percent, and Others*- 15.0 percent

• By Description - D-suite - 35.0 percent, C-suite - 40.0 percent, and Others** - 25.0 percent

• By Area - North America continent - 44.0 percent, Europe (EU) - 31.0 percent, Asia Pacific (APAC) - 25.0 percent

Note: Others** contain sales managers, product managers, and associations.

Company tiers are based on the value chain; revenue of the company has not been considered. Tier I are catalytic converter manufacturers, while Tier II are material or converter suppliers. Others* contain distributors and raw material suppliers.

The analysis offers in-depth profiles of the following firms:

• Faurecia SA

• Tenneco, Incorporated

• Futaba Industrial Co., Limited

• Calsonic Kansei Corporation

• Sango Co., Limited

• Yutaka Giken Company Limited

• Bosal International N.V.

Segment Research

The market research offers a picture of the catalytic converter market across several verticals and localities. It aims at evaluating the market value and future increase potential of the catalytic converter market, by category, by material type, and aftermarket by area. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

The analysis will facilitate the market top players and new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global catalytic converter market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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