Global Automotive Catalytic Converters Market Growth 2023-2029

Global Automotive Catalytic Converters Market Growth 2023-2029

An automotive catalytic converter is a device that uses a catalyst to convert three harmful compounds in car exhaust into harmless compounds. It is a stainless steel box mounted in the exhaust system. Inside is the auto catalyst - a ceramic or metallic substrate with an active coating incorporating chemical compounds (the washcoat) to support a combination of catalytical materials or minerals selected for their effectiveness in the required emissions reductions.

LPI (LP Information)' newest research report, the “Automotive Catalytic Converters Industry Forecast” looks at past sales and reviews total world Automotive Catalytic Converters sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Catalytic Converters sales for 2023 through 2029. With Automotive Catalytic Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Catalytic Converters industry.

This Insight Report provides a comprehensive analysis of the global Automotive Catalytic Converters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Catalytic Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Catalytic Converters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Catalytic Converters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Catalytic Converters.

The global Automotive Catalytic Converters market size is projected to grow from US$ 16570 million in 2022 to US$ 19550 million in 2029; it is expected to grow at a CAGR of 19550 from 2023 to 2029.

Market competition is intense. Faurecia, Sango, Eberspacher and Katcon, etc. are the leaders of the industry, with about 56% market shares.

China is the largest consumption place, with a consumption market share nearly 26%. Following China, Europe is the second largest consumption place with the consumption market share of 23%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Catalytic Converters market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Two-Way Converters

Three-Way Converters

Others

Segmentation by application

Passenger Vehicle

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Faurecia

Sango

Eberspacher

Katcon

Tenneco

Boysen

Sejong

Calsonic Kansei

Bosal

Yutaka

Magneti Marelli

Weifu Lida

Chongqing Hiter

Futaba

Liuzhou Lihe

Brillient Tiger

Tianjin Catarc

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Catalytic Converters market?

What factors are driving Automotive Catalytic Converters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Catalytic Converters market opportunities vary by end market size?

How does Automotive Catalytic Converters break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.