Key vendors to strategically increase their sales through pro shops retail format
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global SCR market for diesel commercial vehicles in their latest research report.
To identify the top vendors, Technavio’s market research analysts have taken into account the global sales volume of commercial vehicles equipped with SCR at present and future.
This Technavio report, under the powertrain vertical, is based on the synthesis, analysis, and interpretation of information about the global SCR for diesel commercial vehicles market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global SCR market for diesel commercial vehicles is highly competitive in nature and is characterized by the presence of a few, well-established vendors. Key players in this market space are currently focused on growing their customer base and are increasing their investments in R&D. Advancements with respect to technology and government regulations in the coming years are expected to intensify competition in this market. OEMs are likely to involve in long-term collaborations with SCR vendors as the quality of materials used and the design, which are crucial factors in decreasing exhaust back pressure and cost, are unique to each vendor.
“The emergence of the single module after treatment device by Cummins is revolutionizing the global SCR market for diesel commercial vehicles. This system combines SCR, diesel oxidizing catalyst, and diesel particulate filter (DPF) into a single module called single module after treatment. The system claims to have more ash holding capabilities since it is a combination of DPF and SCR, eliminating the use of EGR. Compared to their earlier versions, this would subsequently lessen the complexity of the engines,” says Abhay Sinha, a lead analyst at Technavio for research on powertrain.
Top five vendors in the SCR market space for diesel commercial vehicles
Tenneco
Tenneco is an American Fortune 500 company that engages in the manufacture and supply of automotive parts. The company specializes in manufacturing, designing, and distributing ride performance and clean air products for commercial trucks, off-highway vehicles markets, aftermarkets, and automotive markets. The company has 90 manufacturing facilities in six continents, and 15 engineering centers and generates an annual revenue of more than $8 billion.
Key products: Manifolds, Manifold Converters, Diesel particulate filter systems, Gasoline particulate filters, Catalytic Converters, Mufflers, Resonators, and DeNOx converter after treatment systems.
Faurecia
Faurecia is an automotive parts manufacturer. The company manufactures and designs exhaust systems, seats, exterior modules, interior systems, and vehicle decoration products. Faurecia’s key customers include PSA Citroen, Volkswagen Group, Ford, Renault-Nissan, BMW, General Motors, Toyota, Fiat Chrysler, and Hyundai-Kia. The company generates a revenue of more than $19 billion on an annual basis.
Key products: Mufflers, Manifolds, BluBox SCR (SCR) solution. Emission control systems, Catalytic converters, Complete exhaust systems, and Gasoline particulate filters.
Bekaert
Bekaert engages in the manufacture and transformation of steel wire and its coatings. The company is one of the established players in automotive exhaust component systems market. It develops steel wire based products for the automotive, construction, energy and utilities, equipment, consumer goods, agriculture and basic materials industry. Under its automotive segment, Bekaert produces steering systems, exhaust systems, interior systems, exterior systems, and drivetrain. In 2015, the automotive segment accounted for almost $2 billion in revenue.
Key products: Gasoline particulate filters, Heating rod for SCR, and Metal fiber media for diesel exhaust filtration.
Corning
Corning is a manufacturer of ceramics, glass, and related materials primarily used in scientific and industry applications. Corning has five business sectors, which include environmental technologies, display technologies, life sciences, specialty materials, and optical communications. During 2014, the company introduced a manufacturing facility in Germany to facilitate and address the growing demand for light-duty diesel and gasoline filter supply for European markets.
Key products: DuraTrap AT HP filter, High porosity substrates, FLORA 600/3 substrates – material design to reduce mass, and Celcor LFA ceramic substrates.
Katcon
Katcon is a manufacturer of diesel after-treatment devices, catalytic converters, and exhaust modules. The company started its business operations in 1993 as an automotive supplier to OEMs. Katcon currently has R&D in various disciplines like weight reduction, thermal management, durability, noise attenuation, durability, and diesel after treatment. During 2014, the company entered a joint venture with Tata Autocorp to cater to the Indian Automotive Market and to develop exhaust systems.
Key products: Manifold mounted converters, Diesel oxidation catalysts (DOC) for Euro 4 and Euro 5 emission standards, Exhaust systems, Diesel oxidation catalysts + diesel particulate filter after treatment, Catalytic converters, and Gasoline particulate filter.
A more detailed analysis is available in the Technavio report, Global SCR Market for Diesel Commercial Vehicles 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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