According to the latest market research study, the global DOC and DPF market is expected to grow at a CAGR of close to 7% during the forecast period of 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global DOC and DPF market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
|
APPLICATION |
MARKET SHARE 2015 (%) |
|
Passenger cars |
55.31% |
|
LCV |
25.63% |
|
HCV |
16.93% |
|
MCV |
2.12% |
Source: Technavio
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The top three revenue contributing application segments are discussed below
Global DOC and DPF market in HCV segment: In EMEA and the Americas, the HCV segment had a penetration rate of 100% for DOC and DPF systems. However, it has been noted that the APAC region has the least stringent emission standards regarding HCV emissions.
“China has the highest volume of HCVs in APAC, followed by Japan, India, and South Korea. Most of the DOC and DPF units in China concentrate on Beijing as they follow the strictest emission standards. China has adopted its emission standards for HCVs from the European standards,” says Abhay Sinha, a senior analyst at Technavio for research on automotive components.
Global DOC and DPF market in MCV segment: The MCV segment is expected to grow at a good rate during the forecast period. In EMEA and the Americas, the MCV segment has a 100% penetration rate of DOC and DPF units due to the early implementation of emission norms.
Global DOC and DPF market in LCV segment: LCV is expected to grow at an impressive rate during the forecast period. EMEA accounted for the highest penetration of DOC and DPF units in 2015 in the LCV segment due to the stringent Euro emission standards followed in the region. LCVs in the Americas are dominated by gasoline engines.
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The top vendors operating in the global DOC and DPF market are:
- Tenneco
- Faurecia
- Bekaert
- Corning
- Katcon
The other prominent vendors in the market include Benteler International, Friedrich Boysen, Futaba Industrial, and Eberspächer.
A more detailed analysis is available in the Technavio report titled, ‘Global DOC and DPF Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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