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29 Aug, 2023, 06:30 ET

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NEW YORK, Aug. 29, 2023 /PRNewswire/ -- The latest report on the two-wheeler catalytic converter market, 2022-2027 estimates to register growth of USD 545.11 million, at a CAGR of 5.68% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ACAT Global LLC, Akrapovic d.d., BASF SE, Continental AG, Munjal Auto Industries Ltd., Scorpion Exhausts Ltd., Shilpa Enterprises, and Varroc Engineering Ltd are among some of the major market participants. The increasing stringency of emission norms for two-wheelers drives market growth. Emission norms for two-wheelers pose a challenge for manufacturers and governments alike. Furthermore, various manufacturers opt to include them in their vehicles, even in markets with no legal requirements. Such devices help reduce the number of harmful pollutants emitted by the engine, namely carbon monoxide, nitrogen oxides, and hydrocarbons. Hence, such factors fuel the growth of the market during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report

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What`s New for 2023?

Two-Wheeler Catalytic Converter Market 2023-2027: Market Dynamics

Significant trends fueling the market growth

The emergence of dual-sport motorcycles is an emerging market trend.

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Two-Wheeler Catalytic Converter Market 2023-2027: Segmentation

Two-Wheeler Catalytic Converter Market is segmented as below:

The entry-level segment will be significant during the forecast period. These vehicles are mostly preferred for daily commutes within city limits and their limited engine capacity allows for comfortable travel within city limits. For example, they have an engine capacity of less than 400cc. Hence, such factors drive segment growth during the forecast period.

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Two-Wheeler Catalytic Converter Market 2023-2027: Key Highlights

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Related Reports:The two-wheeler ignition switch market size is expected to increase to USD 221.48 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.58%.

The electric two-wheeler market size is estimated to grow at a CAGR of 15.72% between 2022 and 2027. The market size is forecast to increase by USD 36,605.79 million.

Two-Wheeler Catalytic Converter Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.68%

Market growth 2023-2027

USD 545.11 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.0

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 90%

Key countries

India, China, Indonesia, Pakistan, and Vietnam

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ACAT Global LLC, Akrapovic d.d., BASF SE, Continental AG, Munjal Auto Industries Ltd., Scorpion Exhausts Ltd., Shilpa Enterprises, and Varroc Engineering Ltd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About US

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Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

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