Automotive Selective Catalytic Reduction (SCR) System Market Trend Evaluation with covid-19 impact
June 10, 2020
Automotive Selective Catalytic Reduction (SCR) System Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Automotive Selective Catalytic Reduction (SCR) System Market is no different. Derived from the previous market scenario, the Automotive Selective Catalytic Reduction (SCR) System Market was expected to reach US$ 3.2 billion but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
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The Diverse Stand Point:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point give better understanding of the market. The market of Automotive SCR System has been view from various perspectives such as:
- By Vehicle Type (Passenger Car, Light Commercial Vehicles, Medium- & Heavy-Duty Vehicles)
- By Catalyst Type (Copper Zeolite, Iron Zeolite, Others)
- By Catalyst Structure Type (Honeycomb, Others)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Automotive SCR System Market Segment Insights:
The global automotive SCR system market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle), and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car segment is expected to remain the growth engine of the market during the forecast period of 2018 to 2023. Increasing production of passenger cars coupled with increasing penetration of SCR system in diesel engine-based passenger car models is likely to elevate the demand for SCR system in the segment in the foreseeable future.
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https://www.stratviewresearch.com/toc/336/Automotive-SCR-System-Market.html
Based on the catalyst type, the automotive SCR system market is segmented as Copper Zeolite, Iron Zeolite, and Others (platinum, palladium, rhodium, etc.). Copper Zeolite is expected to remain the most dominant catalyst type in the global automotive SCR system market during the forecast period, owing to its better ammonia storage capabilities. Both, Iron Zeolite as well as other segments, are also likely to witness healthy growth rates over the next five years.
The supply chain of this market comprises raw material suppliers, SCR system suppliers, distributors, automotive OEMs, and dealers. Key automotive SCR system manufacturers are Tenneco Inc., Faurecia SA, Plastic Omnium SA, and Rochling Group. Major automotive OEMs in the industry, which currently relies on the SCR systems, are Ford, BMW, Renault, Citroen, and Audi. Development of integrated SCR systems and formation of strategic alliances with automakers are the key strategies adopted by the major players to gain a competitive edge in the market.
Europe is expected to remain the largest automotive SCR system market during the forecast period. Stricter emission norms of the European Commission have led to a faster adoption of SCR System into European vehicles. Ford Focus & Fusion, BMW 5 Series & 7 Series, Renault Twingo & Talisman, Citroen C4 Picasso, and Audi Q7 are some of the key European models that are relying on SCR system to reduce the level of emissions. Asia-Pacific is likely to depict the highest growth during the forecast period with China and India being the key sources of growth.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Covid-19 Impact Assessment
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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