Analysis on COVID-19 Related Markets- Global Automotive Catalytic Converter Market 2020–2024 | Stringent Regulations to Control Emissions to Boost Growth | Technavio
Technavio has been monitoring the global automotive catalytic converter market size and it is poised to grow by USD 222.22 million during 2020–2024, progressing at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
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 SA, 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.
The stringent regulations to control emissions have been instrumental in driving the growth of the market. However, the high cost associated with replacement might hamper market growth.
Automotive Catalytic Converter Market 2020–2024 : Segmentation
Automotive Catalytic Converter Market is segmented as below:
- Application
- Geography
- Passenger Vehicles
- Commercial Vehicles
- APAC
- Europe
- North America
- MEA
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44085
Automotive Catalytic Converter Market 2020–2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive catalytic converter market report covers the following areas:
- Automotive Catalytic Converter Market size
- Automotive Catalytic Converter Market trends
- Automotive Catalytic Converter Market industry analysis
This study identifies the 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 2020–2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive catalytic converter market, including some of the vendors such as BASF SE, CDTi Advanced Materials Inc., Continental AG, Eberspacher Group, Faurecia SA, Johnson Matthey Plc, Katcon Global, Klarius Products Ltd., Marelli Holdings Co. Ltd., and Tenneco Inc. Backed with competitive intelligence and benchmarking, our research reports on the automotive catalytic converter market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
