Latest News:- Two-Wheeler Catalytic Converter Market: Entry level is expected to lead the Application segment during 2024-2028

Two-Wheeler Catalytic Converter Market to grow at a CAGR of 5.6% during 2024-2028

The Two-Wheeler Catalytic Converter Market is expected to grow at a CAGR of 5.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 560.7 million. The two-wheeler market experiences heightened competition among players, resulting in the introduction of novel motorcycle models across various segments. One such sub-segment gaining traction is the dual-sport motorcycle market. These motorcycles cater to motorcycle enthusiasts seeking versatility and adaptability. Dual-sport motorcycles, also known as street legal enduro bikes, offer the benefits of both on-road performance and off-road capabilities. Equipped with large displacement multicylinder engines and efficient catalytic converters, these motorcycles deliver optimal power output and emission control in diverse riding conditions. 

Get more information on Two-Wheeler Catalytic Converter Market by requesting a sample report

The Entry level subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Entry level subsegment will lead the Application segment during 2024 and 2028 The two-wheeler catalytic converter market is experiencing significant growth due to increasing environmental regulations and consumer awareness towards reduced emissions. Manufacturers are focusing on advanced technologies, such as three-way and lean-burn catalytic converters, to meet these regulations. The market is expected to expand at a robust CAGR, driven by the rising demand for fuel-efficient two-wheelers and government initiatives to promote eco-friendly transportation.

Here are the various ways based on which the market is segmented: 

• Application
  • Entry level
  • Mid-size
  • Full size
• Product
  • Palladium
  • Platinum
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Two-Wheeler Catalytic Converter Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
• High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increasing stringency of emission norms for two-wheelers

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Two-Wheeler Catalytic Converter Market is witnessing significant growth due to increasing environmental regulations and consumer awareness towards reducing emissions from Internal Combustion Engines (ICE). Rhodium, Platinum, and Palladium are essential components of these converters, used in Lean NOx traps, Selective Catalytic Reduction (SCR), Diesel Oxidation Catalysts (DOC), Four-way Catalytic Converters, and Three-way Catalytic Converters. These catalytic converters help in reducing Hydrocarbons, Nitrogen oxides, and Carbon monoxide emissions from exhaust systems. Infrastructure Development and Economic Conditions have a significant impact on the market's growth. The stricter Emission Norms have led to an increase in demand for these converters. Lean NOx Traps and Lean NOx Catalysts are gaining popularity due to their effectiveness in reducing NOx emissions. SCR technology is also becoming increasingly popular due to its ability to reduce NOx emissions effectively. The market's growth is also driven by the increasing awareness of the harmful effects of toxic gases on the environment and human health. Emission Control is a critical aspect of the two-wheeler industry, and catalytic converters play a crucial role in achieving the desired emission levels. The market is expected to continue its growth trajectory in the coming years, driven by these factors.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle categories, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers in this sector include the rising demand for electronic components in automobiles, such as electronic control units (ECUs) and other electrical components, fueled by the increasing sales of EVs, motorcycles, and PCs over the past decade.

The Two-Wheeler Catalytic Converter Market is experiencing significant growth, fueled by the increasing stringency of emission norms for two-wheelers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/