Key vendors in the market are currently growing their customer base and increasing their investments in R&D
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 leading vendors for the global GPF market for passenger cars in their latest research report.
To identify the top vendors, Technavio’s market research analysts have taken into account the bottom-up approach for the volume of the vehicles equipped with GPF.
This Technavio report, under powertrain vertical, is based on the synthesis, analysis, and interpretation of information about the global GPF market for passenger cars 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 GPF market for passenger cars is highly competitive with few well-known key vendors. In order to survive the competition, the vendors in the market are growing their customer base and investing a lot in R&D. It is expected that with technological advancements and government regulations, the competition in the market will increase and become intense. OEMs will collaborate with GPF vendors on long term basis owing to the fact that the materials used and the design is unique to each vendor. The vendors compete in terms of experience, product portfolio, geographical presence, financial condition, and R&D.
“Recently, it has been observed that OEMs are introducing turbocharged and gasoline direct injection into downsized engines to enhance their power output and fuel economy. It is expected that the market of GPF will witness constant growth with more OEMs equipping their vehicles with GPF to check emission levels,” says Siddarth Jaiswal, a lead analyst at Technavio for research on powertrain.
Top five vendors in the GPF market for passenger cars space s
Tenneco
Tenneco deals with manufacturing and supplying of automotive parts. The company possesses expertise skills in manufacturing, distributing, and designing. It designs and distribute ride performance and clean air products for commercial trucks, off-highway vehicle markets, aftermarkets, and automotive markets and is also a producer of shock absorber called Monroe Magnum. Apart from this, Tenneco offers technologies and products to luxury cars, compact cars, sports cars, and SUVs.
Some key products: Manifolds, Manifold convertors, Diesel particulate filter systems, etc.
Faurecia
Faurecia deals with manufacturing of automotive parts. In an array of parts, the company designs and manufactures exhaust systems, seats, exterior modules, interior systems, and vehicle decoration products. It also supplies various products for automotive exterior, center controls and instrument panels. It focuses on pollutant emission control, weight reduction, and energy recovery. The key customers of Faurecia include some well-known companies like Volkswagen, Ford, BMW, Renault Nissan, General Motors and many more.
Some key products: Mufflers, Manifolds, Blu Box selective catalytic reduction (SCR) solution, etc.
Bekaert
Bekaert manufactures and transforms steel wire and its coatings. It develops steel wire based products for the automotive, construction, energy and utilities, equipment, consumer goods, agriculture and basic materials industry. It supplies exhaust systems, energy products, concrete reinforcements and many more to these industries.
Key products: Gasoline particulate filters, Heating rod for selective catalytic reduction, and Metal fiber media for diesel exhaust filtration.
Corning
It deals with the manufacturing of ceramics, glass, and related materials primarily used in scientific and industry applications. Corning earns revenue from five business sectors that include display technologies, optimal communications, life sciences, environmental technologies, and specialty technology.
Key products: DuraTrap AT HP filter, High porosity substrates, and FLORATM 600/3 substrates.
Katcon
Katcon manufactures diesel aftertreatment devices, catalytic converters, and exhaust modules. Being an automotive supplier to OEMs, katcon conducts R&D in various manners like weight reduction, durability, thermal management, noise attenuation, and diesel aftertreatment.
Some Key products: Manifold mounted converters, Diesel oxidation catalysts (DOC) for Euro 4 and Euro 5 emission standards, Exhaust systems, etc.
A more detailed analysis is available in the Technavio report, Global GPF Market for Passenger Cars 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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Other related reports:
- Global Exhaust Sensors Market 2016-2020
- Gasoline Direct Injection Systems in the Automotive Industry 2015-2019
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