Global Two-Wheeler Catalytic Converter Market 2017-2021
About Two-Wheeler Catalytic Converter
A two-wheeler catalytic converter is a device placed within the exhaust pipe of a two-wheeler. It controls the amount of toxic pollutants by causing a redox reaction and converting harmful exhaust gases to less toxic gases. The two-wheeler catalytic converter market is segmented by application into three segments: Entry-level segment: Includes two-wheelers with an engine capacity below 400cc. Mid-size segment: Includes two-wheelers with an engine capacity between 400cc and 700cc. Full-size segment: Includes two-wheelers with an engine capacity above 700cc.
Technavio’s analysts forecast the global two-wheeler catalytic converter market to grow at a CAGR of 6.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler catalytic converter market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-Wheeler Catalytic Converter Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler catalytic converter market: Continental Emitec, Varroc Group and Bekaert.
Other Prominent Vendors in the market are: Munjal Auto Industries, Mark Exhaust and Badve Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing use of underbelly exhaust systems. Motorcycle OEMs have been offering various additional installation features in their standard motorcycle models. These additional features are installed to provide more comfort to the rider, better convenience, and an increased style quotient.”
According to the report, one driver in the market is increasing stringency of emission norms for two-wheelers. The rising levels of vehicular emissions have caused the governments of emerging countries, such as India and China, to increase the stringency of their two-wheeler emission standards. This is expected to increase the need for catalytic converters. Two-wheelers will be equipped with advanced substrates to comply with the proposed emission standards. For instance, India is planning to implement Bharat Stage 6 emission norms by 2020. These emission standards apply to both two-wheelers and three-wheelers in India.
Further, the report states that one challenge in the market is rising popularity and subsequent sales of electric two-wheelers. The rising levels of pollution from vehicles with internal combustion engines and fluctuating fuel prices are factors that have driven government bodies to encourage customers to use green modes of transportation. This is promoting the sales of electric vehicles. Moreover, the growing dependence of nations on petroleum-based fuels increases the costs incurred by government bodies that import the required amounts of fuel. For instance, the Indian government is planning to limit the import of petroleum-based fuels and focus on developing alternative fuels such as bio-CNG, methanol, and ethanol for meeting the current demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-automotive-components-global-two-wheeler-catalytic-converter-market-2017-2021
Continental Emitec, Varroc Group, Bekaert, Munjal Auto Industries, Mark Exhaust and Badve Group.
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