市場調查報告書
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1433453
全球觸媒轉換器市場 2023-2030Global Catalytic Converter Market 2023-2030 |
催化轉換器市場預計在預測期內(2023-2030年)CAGR為 8.3%。預計該產業的成長將受到中國和印度等新興經濟體技術進步和汽車產量增加的推動。全球各國政府實施的嚴格排放相關法規以及汽車使用者意識的不斷提高也對市場擴張產生了積極影響。
全球催化轉換器市場依車輛類型和類型細分。依車型分類,市場分為乘用車和商用車。依類型分類,市場分為二元催化轉換器、三元催化轉換器以及氧化催化劑和雙床催化劑等其他類型。在車輛類型中,商用車對觸媒轉換器的需求預計將成長。
由於嚴格的全球排放法規,商用車對觸媒轉換器的需求不斷成長。世界各國政府執行更嚴格的標準,需要使用這些轉換器來減少內燃機排放的有害污染物。隨著人們對環境問題的認知不斷增強以及商業領域對永續發展的日益重視,催化轉換器的採用對於實現減排目標變得非常重要。隨著監管框架的發展以解決商業運輸業的環境問題,這一趨勢預計將持續下去。除此之外,全球商用車產量的成長也促進了觸媒轉換器市場的成長。根據國際機動車輛製造商組織(OICA)的資料,全球商用車總產量已從2021年的2,170萬輛增加到2022年的2,340萬輛。
Global Catalytic Converter Market Size, Share & Trends Analysis Report by Vehicle Type (Passenger Vehicle and Commercial Vehicle), by Type (Two-way Catalytic Converter, Three-way Catalytic Converter, and Others), Forecast Period (2023-2030)
The catalytic converter market is anticipated to grow at a CAGR of 8.3% during the forecast period (2023-2030). The growth of the industry is anticipated to be driven by technological progress and the rising production of automobiles in emerging economies like China and India. Market expansion is also influenced positively by stringent emissions-related regulations imposed by governments globally and the increasing awareness among automobile users.
The global catalytic converter market is segmented by vehicle type and type. By vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. By type, the market is sub-segmented into two-way catalytic converters, three-way catalytic converters, and other types such as oxidation catalysts, and dual-bed catalysts. Among vehicle types, the demand for catalytic converters is expected to grow in commercial vehicles.
The demand for catalytic converters in commercial vehicles is growing due to stringent global emissions regulations. Governments worldwide are enforcing stricter standards, necessitating the use of these converters to reduce harmful pollutants emitted by internal combustion engines. With increased awareness of environmental issues and a growing emphasis on sustainability in the commercial sector, the adoption of catalytic converters becomes crucial for achieving emissions reduction goals. This trend is expected to continue as regulatory frameworks evolve to address environmental concerns in the commercial transportation industry. Apart from this, growing production of commercial vehicles globally is also contributing to the growth of catalytic converter market. According to the data from the International Organization of Motor Vehicle Manufacturers (OICA), the total production of commercial vehicles globally has grown from 21.7 million units in 2021 to 23.4 million units in 2022.
Passenger Vehicles Contribute Highest in the Global Catalytic Converter Industry
The growth in demand for automotive catalytic converters within passenger vehicles can be attributed to the global enforcement of strict emission standards. Governments and environmental agencies worldwide are placing greater emphasis on reducing vehicle emissions to combat air pollution. As a result, automobile manufacturers are increasingly integrating catalytic converters into their vehicles to comply with these regulations. Furthermore, heightened environmental consciousness among consumers and the automotive sector's dedication to sustainable practices are driving the widespread adoption of catalytic converters, marking a pivotal shift towards cleaner and eco-friendly transportation. Additionally, growing production of passenger vehicles globally and rapid technological advancements in catalytic technologies in the passenger vehicle segment is also driving demand for catalytic converter market. According to the data from International Organization of Motor Vehicle Manufacturers (OICA), the total production of cars has grown by 6% from 57 million units in 2021 to 61.5 million units in 2022.
Source: International Organization of Motor Vehicle Manufacturers
The global catalytic converter market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among regions, the Asia Pacific region is the largest market for the global catalytic converter industry mainly due to region's significant share in global automotive production and getting stringent environmental regulations. As per the data from OICA, China, Japan, India, South Korea are 4 of the top 5 countries with highest automotive production globally in 2022, holding 51.3% of the global automotive production.
the European Region Catalytic Converter Market is Expected to Grow Significantly in the Forecasting Period
The primary factor fueling demand for catalytic converters in the European region is the implementation of strict emission standards, represented by Euro V and Euro VI regulations. Currently, the European Union (EU) mandates a reduction in the fleet average of CO2 emissions for each car company to 95 g/km between 2020 and 2024, with targeted reductions of 15% by 2025 and 37.5% by 2030, particularly for passenger cars. Individual countries, like the Netherlands, have adopted even more stringent standards, setting a limit of 80 g/km. Additionally, the significant presence of leading automotive manufacturers in countries such as Germany and the UK positions the region as a key player in the global automotive catalytic converters market.
The major companies serving the global catalytic converter market are Bosal International, Clean Diesel Technologies Inc., Eberspacher Group, FORVIA SE, FUTABA INDUSTRIAL CO., LTD. among others.