Code: IMR0690 | Automotive &Transportation | Oct-2021 | 147 Pages |
In
2021, the Global Automotive Selective Catalytic Reduction (SCR) Market’s size
was valued at USD 6.45 billion and is estimated to reach USD 15.69 billion by
2028 and is expected to be growing at a CAGR of 12.6 % throughout the forecast
period. In this report, 2021 has been taken as the base year while 2020 is the
historical year. The forecast year for the report is 2028 to approximate the
size of the market for Automotive Selective Catalytic Reduction (SCR).
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Market Research’s report on Automotive Selective Catalytic Reduction (SCR)
studies the past and current opportunities of growth and trends to get a clear
picture of the growth indicators of the market for the forecast period 2021 to
2028. The report also offers the revenue generated by the Automotive Selective
Catalytic Reduction (SCR) market considering 2020 as the historical year, 2021
as the base year, and 2028 as the forecast year. The report also consists of
the compound annual growth rate (CAGR) for the Automotive Selective Catalytic
Reduction (SCR) market over the forecast period.
Report Overview of Automotive Selective Catalytic
Reduction (SCR) Market
The Automotive Selective Catalytic
Reduction (SCR) market report provides information and statistics on market
shares, size, restraining factors, and driving factors for the forecast period
2021 to 2028. It also mentions the role of main market players in the
automotive industry. The report on Automotive Selective Catalytic Reduction
(SCR) market evaluates the value of the market report, keeping in mind the
application and regional segments, market share, and size while forecasting the
market for each product type and application of the Automotive Selective
Catalytic Reduction (SCR) market in different segments of the report. The
research report also mentions some sections of the Automotive Selective
Catalytic Reduction (SCR) market including opportunities, growth, trend, size,
demand, and technology used by prominent players of the market. Then, it gives
detailed profiles of the key players as a part of the competitive landscape of
the Automotive Selective Catalytic Reduction (SCR) market.
The
study of the report divides it into several sub-segments and represents the
whole automotive industry. An estimation of the revenue generated by the entire
automotive industry and its sub-segments are also provided in the report. It
decides the factors that affect the demand of the automotive industry rapidly,
including methods of development, growth networks, and the product model. The
report also points out the greatest prospects for the growth of the automotive
market such as forecasting the growth of the market, the launch of new goods,
and analysis of the product demand, purchase decisions, several economic
factors that are important to determine the trend of Automotive Selective
Catalytic Reduction (SCR) market, and the attractiveness of the market. The
report on the Automotive Selective Catalytic Reduction (SCR) market will help
in assisting the stakeholders in identifying high-potential customers, such as
distributors and manufacturers.
Methodology of Automotive Selective Catalytic Reduction (SCR)
Market
The
methods used for collecting information for the report involve 4 main
activities. These activities help in estimating the current size of the Automotive
Selective Catalytic Reduction (SCR) market. Thorough secondary research was
conducted to collect information on the Automotive Selective Catalytic
Reduction (SCR) market, such as new technologies coming into the market, and
components connected with this market. Then the collected information was
validated with experts from the automotive industry across all the value chains
through primary researches. Both top-down and bottom-up approaches were used
for estimating the market size.
The
secondary research includes collecting data from sources such as government
publications such as country-level automotive associations and organizations, World
Bank, Eurostat, Organization for Economic Co-operation and Development (OECD),
and CDC; regulatory and corporate filings such as SEC filings, annual reports,
investor presentations, and business magazines, financial statements, press
releases, and research journals, free and paid automotive databases such as
Organization International des Constructer’s d’Automobiles (OICA), Marlines,
etc., and trade, business, and professional associations. The secondary data
collected was then analyzed to predict the overall size of the market which was
later validated with primary research.
Thorough
primary research was done after getting a clear picture of the Automotive
Selective Catalytic Reduction (SCR) market through secondary research. Many
market experts were interviewed for the primary research from both the
supply-side players and demand-side players and across four major regions,
namely, Europe, North America, Asia Oceania, and the Rest of the World. Apart
from the interviews, primary data was collected through mails, questionnaires,
and telephonic interviews.
Growth Mapping of Automotive Selective Catalytic
Reduction (SCR) Market
The
main aim of the Automotive Selective Catalytic Reduction (SCR) report is to
give the map of the growth for the Automotive Selective Catalytic Reduction
(SCR) market that will help in providing the clients with the required
information for the formulation strategies to meet their respective business
goals. The report also provides deep knowledge of the Automotive Selective
Catalytic Reduction (SCR) for the previous year as well as for the forecast
years and what the CAGR level of the market is going to be. This report is a
synopsis of what the market conditions are going to be while also giving
information regarding the market’s definition, classifications, applications,
and engagements are. This report also aims to analyze the Automotive Selective
Catalytic Reduction (SCR) market’s developments including the market
improvement, market position, and others which are usually done by the
prominent players and brands of the automotive industry. This report also
consists of all the market drivers and restraints which are obtained through
SWOT analysis. The report also has the CAGR values of the Automotive Selective
Catalytic Reduction (SCR) market for the base years 2021, the historic year
2020, and forecast years 2021-2028.
Regional Analysis of Automotive Selective Catalytic
Reduction (SCR) Market
The Automotive Selective Catalytic Reduction (SCR) market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For
the forecast year 2021-2028, it has been estimated that North America will the
dominating market for Automotive Selective Catalytic Reduction (SCR). This region is expected to see
growth in the automotive industry because of the increasing population,
increase in per capita income, and improvement in living standards. There has
been an increase in demand for comfort features in vehicles and fuel-efficient
vehicles which accelerates the growth of the Automotive Selective Catalytic
Reduction (SCR) market. The weight reduction of vehicles and enhanced energy
efficiency is further driving the automotive industry. The other factors
which are driving the growth of the Automotive Selective Catalytic Reduction
(SCR) market include the development of marketing analytics tools and firmly
established existing players in the market. In addition to this, government agencies,
companies, third-party administrators, etc. are channelizing their efforts to
make customer-centric automotive products which will also contribute to the
growth of the Automotive Selective Catalytic Reduction (SCR) market in this
region. Rising demand for vehicles and their parts, increased investment by the
government, new and advanced technology, and machinery, along with the improved
marketing tactics will likely cause the Automotive Selective Catalytic
Reduction (SCR) market to grow substantially.
The Asia Pacific market is estimated to
grow at the highest CAGR during the forecast period (2021-2028). This growth is
driven by the increasing research activities, growing demand for vehicles and
parts, and an increasing number of initiatives by market players for expanding
their presence in the APAC, and higher adoption of Automotive Selective
Catalytic Reduction (SCR) in several APAC countries. Improvements
in GDP per capita and infrastructure development have urbanized the region to a
greater extent turning rural areas into urban areas. The sudden surge in the
demand has caused the cities to fall into unsustainable consumption models. The
top key players in the Automotive Selective Catalytic Reduction (SCR) market
are located in the region. China
and India are expected to offer significant growth opportunities for players
operating in the Automotive Selective Catalytic Reduction (SCR) market, owing
to the growing support from government bodies, increasing demand for new
vehicles with special features, and the presence of less-stringent regulations
and data requirements (as compared to developed countries) in their respective
healthcare systems.
Competitive Landscape of Automotive Selective Catalytic
Reduction (SCR) Market
The
report provides a competitive landscape on both the quantitative as well as
qualitative research of Automotive Selective Catalytic Reduction (SCR) market.
The report also provides detailed insights on the development methods used by
the key market players. The report offers deep research on the key market
players and details on the competitiveness of these players. The main business
strategies used by these players such as mergers and acquisitions (M&A),
collaborations, affiliations, and contracts are also and analyzed in the
report. For each competitor, the report studies their global presence, service
offerings, competitors, and specification. The main players covered by the
study on the global Automotive Selective Catalytic Reduction (SCR) market are: Bosal,
Faurecia, Friedrich Boysen GmbH & Co., KG., Johnson Matthey, Kautex Textron
GmbH & Co., KG, Magneti Marelli SPA, Plastic Omnium SA, Robert Bosch GmbH,
Rochling Group, and Tenneco Inc.
The Report Provides Insights on The
Following Pointers:
● It gives a forecast analysis of factors
that are driving or restraining the development of the Automotive Selective
Catalytic Reduction (SCR) market.
● The report gives a seven-year forecast
value evaluated on the basis of the current market performance of the
automotive industry.
● It helps in understanding the main
segments of the products and their future.
● The report gives a deep analysis of
changing competition in the market which keeps you ahead of your competitors.
● The
report gives the market definition of the Automotive Selective Catalytic
Reduction (SCR) market along with the analysis of different factors influencing
the market such as drivers, opportunities, and restraints.
The Report Answers Questions Such As:
● What
is the potential opportunity for the Automotive Selective Catalytic Reduction
(SCR) market?
● What
are the major drivers, restraints, and opportunities of the Automotive
Selective Catalytic Reduction (SCR) market?
● What
is the market share of the leading segments and sub-segments of the Automotive
Selective Catalytic Reduction (SCR) market in the forecast period (2021-2028)?
● How
did the Automotive Selective Catalytic Reduction (SCR) market evolve?
● How
each segment of the Automotive Selective Catalytic Reduction (SCR) market is
expected to grow during the forecast period?
● What
is the expected revenue to be generated by each of the segments by the end of
2028?
● What
are the key development strategies implemented by the key players to stand out
in this Automotive Selective Catalytic Reduction (SCR) market?
● What
is the preferred business model used for building Automotive Selective
Catalytic Reduction (SCR)?
● Which
area of application is expected to be the highest revenue generator in the Automotive
Selective Catalytic Reduction (SCR) market during the forecast period?
● Which
end-user segment is expected to be the highest revenue generator in this
industry during the forecast period?
● What
is the potential of Automotive Selective Catalytic Reduction (SCR) market in
the emerging countries during the forecast period?
Bosal
Faurecia
Friedrich Boysen GmbH & Co.
KG.
Johnson Matthey
Kautex Textron GmbH & Co.
KG
Magneti Marelli SPA
Plastic Omnium SA
Robert Bosch GmbH
Rochling Group
Tenneco Inc.