What is Automotive Selective Catalytic Reduction Market?
Selective catalytic reduction is defined as the advanced active emissions control technology system that can easily injects a liquid-reductant agent via a special catalyst. Growing vehicle production across the world, increasing usage of automotive selective catalytic reduction in various application and rising demand from automotive Industry are some of the major factor which affect the growth of market in future. Increasing demand from emerging market is expected to create new opportunities for market expansion.
Highlights from Automotive Selective Catalytic Reduction Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Faurecia SA (France), Friedrich Boysen GmbH & Co., KG (Germany), J. Eberspaecher GmbH (Germany), Kautex Textron GmbH & Co., KG. (Germany), Plastic Omnium SA (France), Röchling SE & Co. KG (Germany), Tenneco Inc. (United States) and Plastic Omnium (France) |
The market is highly fragmented with the presence of local and regional operating in the market. Various players operating in the market are Faurecia SA (France), Friedrich Boysen GmbH & Co., KG (Germany), J. Eberspaecher GmbH (Germany), Kautex Textron GmbH & Co., KG. (Germany), Plastic Omnium SA (France), Röchling SE & Co. KG (Germany), among others. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Automotive Selective Catalytic Reduction market throughout the forecasted period.
Faurecia SA (France), Friedrich Boysen GmbH & Co., KG (Germany), J. Eberspaecher GmbH (Germany), Kautex Textron GmbH & Co., KG. (Germany), Plastic Omnium SA (France), Röchling SE & Co. KG (Germany), Tenneco Inc. (United States) and Plastic Omnium (France) are some of the key players profiled in the study. Automotive Selective Catalytic Reduction Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Diesel Powered Vehicle and Gasoline Powered Vehicle |
Vehicle Type | Passenger Vehicle,Commercial Vehicle |
Fuel Type | Gasoline,Diesel |
Component | Urea Tank,Urea Pump,Engine Control Unit (ECU),Injector |
On the basis of geography, the market of Automotive Selective Catalytic Reduction has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in automotive Selective Catalytic Reduction
Market Growth Drivers:
Increasing Usage of Automotive Selective Catalytic Reduction in various application and Rising Demand from Automotive Industry
Challenges:
High Cost Associated with Automotive Selective Catalytic Reduction
Restraints:
Stringent Government Regulations regarding Improving Transportation Facilities and Infrastructure
Opportunities:
There is significant demand from the Asia Pacific region. For instance, according to India Brand Equity Foundation, in 2018, India became the 4th largest auto market with sales increasing 8.3% year-on-year to 3.99 million units. Hence, it will create new opportunities for market expansion.
Key Target Audience
Automotive Selective Catalytic Reduction Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In January 2022, Faurecia acquired Hella, making it the 7th largest automotive supplier in the world. Acquisition financed by Faurecia itself, including 2.9 trillion euros and proceeds from pre-financing transactions under a 5.5 billion euro bridge facility contract, including a 500 million euro term loan secured in August 2021 (due in August 2024). It was financed using cash. Implemented by Faurecia