Technavio, a tech-focused market research firm, has published a new report on the global two-wheeler catalytic converter market, which is expected to grow at a CAGR of close to 7% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global two-wheeler catalytic converter market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global two-wheeler catalytic converter market are elaborated below:
Two-wheeler catalytic converter market in APAC: Increased focus on curbing pollution is resulting in the implementation of various regulations to control two-wheeler emission in China. The need to adhere to such norms is the fundamental driving force behind the adoption of two-wheeler catalytic converter market in APAC. The market for two-wheeler catalytic converters in APAC is led predominantly by China and India owing to high densities of two-wheelers.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive components, “The increasing household income and subsequent progress in economic activities in semi-rural and rural areas of China are likely to reflect positively on the adoption of gas-powered two-wheelers equipped with catalytic converters.”
Two-wheeler catalytic converter market in the Americas: The growth of the two-wheeler market in the region is the key driving force behind the demand for two-wheeler catalytic converter market in the Americas. The US market has seen a positive growth from companies such as BMW Motorrad, Ducati, and Triumph Motorcycles. Mexico and Brazil are anticipated to emerge as other key revenue contributing countries in the two-wheeler catalytic converter market in the Americas during the forecast period.
Two-wheeler catalytic converter market in Europe: The increase in fuel prices and rising costs of public transportation and the resultant rise in preference for two-wheelers in the region is the fueling force behind the adoption of two-wheeler catalytic converters in Europe. The UK, Germany, Italy, and France are some of the key revenue contributing countries in the market in this region.
The leading vendors operating in the global two-wheeler catalytic converter market are:
- Continental Emitec
- Varroc Group
- Bekaert
Other prominent vendors in the market include Munjal Auto Industries, Mark Exhaust, and Badve Group.
A more detailed analysis is available in the Technavio report titled, ‘Global Two-wheeler Catalytic Converter Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Glove Box Market 2017-2021
- Global Automotive Fuel Tank Market 2017-2021
- Global Automotive Torque Vectoring System Market 2017-2021
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