Global Two-Wheeler Catalytic Converter Industry

Global Two-Wheeler Catalytic Converter Industry

  • September 2020 •
  • 187 pages •
  • Report ID: 5960353 •
  • Format: PDF
Global Two-Wheeler Catalytic Converter Market to Reach 80.2 Million Units by 2027

Amid the COVID-19 crisis, the global market for Two-Wheeler Catalytic Converter estimated at 54 Million Units in the year 2020, is projected to reach a revised size of 80.2 Million Units by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Entry-Level, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach 76.7 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mid-Size segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 14.6 Million Units, While China is Forecast to Grow at 8.9% CAGR

The Two-Wheeler Catalytic Converter market in the U.S. is estimated at 14.6 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 17 Million Units by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Full-Size Segment to Record 2.9% CAGR

In the global Full-Size segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 786.8 Thousand Units in the year 2020 will reach a projected size of 941.5 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 10.8 Million Units by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period. We bring years of research experience to this 7th edition of our report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Badve Group
  • Bekaert Solaronics SA
  • Continental Emitec GmbH
  • Mark Exhaust Systems Limited
  • Munjal Auto Industries Ltd.
  • Varroc Engineering Limited