Automotive Catalytic Converter Market: Industry Demand, Analysis and Future Trends 2030

 

The global Automotive Catalytic Converter Market size is anticipated to reach USD 277.53 billion by 2030, expanding at a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc.

In 2015, the global automotive industry experienced a relatively strong growth and profitability, with annual sales reaching pre-recession levels, especially in the U.S., China, India, Japan, and South Korea. This is anticipated to favorably impact the global automotive catalytic converter market over the forecast period. Stringent emission norms by governments and regulatory authorities worldwide have further strengthened industry growth.

Catalytic converters are constituted of precious metals such as platinum, palladium, or rhodium. These metals are used as catalysts and are enclosed in a muffler-like package, which is attached at the exhaust end. Researchers are increasingly working towards the development of advanced catalytic converters that extensively reduce the toxicity of the exhaust emissions as well as improve vehicle fuel efficiency.

However, high R&D costs pertaining to the development of innovative and efficient converters is expected impede industry growth over the next eight years. Moreover, increasing adoption of hybrid and electric vehicles is expected to challenge market growth.

Related Press Release@ Automotive Catalytic Converter Market Report

Automotive Catalytic Converter Market Report Highlights

• Three-way oxidation-reduction catalytic converters have a value addition over their two-way catalyst counterparts as they perform three simultaneous chemical conversions. They carry out the oxidation of carbon monoxide & un-burnt hydrocarbons to water &carbon dioxide, along with the conversion of oxides of nitrogen to nitrogen &oxygen. Three-way type converters accounted for over 47.3% of the industry share and are expected to maintain their dominance over the forecast period.
• Diesel oxidation catalyst converters are exclusively used in diesel engine vehicles and are expected to witness a steady demand over the forecast period. They are equipped with diesel particulate filters in order to eliminate particulates from the exhaust emissions. Manufacturers and associations have stepped up their R&D activates to develop new, innovative products such as the four-way catalytic converter.
• Platinum tends to be a good oxidation catalyst as a result of which it was extensively used in such automobile components in the past. However, on account of the high cost associated with platinum, it is increasingly being replaced by palladium and rhodium. Rhodium exhibits greater efficiency towards the removal of toxic exhaust emissions and is thereby expected to witness a surge in demand over the next eight years.

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Automotive Catalytic Converter Market Segmentation

Grand View Research has segmented the global automotive catalytic converter market on the basis of product, material and region

Product Outlook (Revenue in USD Million, 2017 - 2030)

• Two-Way Oxidation
• Three-Way Oxidation-Reduction
• Diesel Oxidation Catalyst

Material Outlook (Revenue in USD Million, 2017 - 2030)

• Platinum
• Palladium
• Rhodium

Regional Outlook (Revenue in USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• United Arab Emirates (UAE)
• Saudi Arabia
• South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Shared Mobility Market Growth, Opportunities and Forecast To 2030 | Car2Go; Deutsche Bahn Connect GmbH; DiDi Chuxing; Drive Now (BMW); EVCARD

The global Shared Mobility Market size is estimated to reach USD 731.54 billion by 2030, registering an estimated CAGR of nearly 15.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market refers to the various modes of transportation shar        ed by multiple users rather than privately owned or used. Shared mobility has grown significantly during the forecast period, driven by factors such as increasing urbanization, rising concerns about the environmental impact of personal transportation, and the growing popularity of alternative modes of transportation.

Increasing urbanization has a significant impact on the market as more people move to cities and urban areas, there is a growing need for transportation solutions that are efficient, affordable, and sustainable. Shared mobility services have emerged as a popular solution to meet the need by providing users access to vehicles and transportation options they can share with others. These services make it easier and more affordable for people to get around in urban areas without relying on personal car ownership. In addition, these services are often more environmentally friendly than traditional modes of transportation since they can help reduce congestion, air pollution, and carbon emissions.

The widespread adoption of the internet had a significant impact on the market, it has made it possible for companies to develop and deploy sophisticated platforms and mobile applications that enable users to access shared mobility services more quickly and efficiently. Internet adoption has allowed companies to offer a range of features that enhance the user experience, such as real-time vehicle tracking, payment processing, and user reviews and ratings. These features help users to feel more comfortable and confident using shared mobility services and can help to build trust and loyalty with customers. Furthermore, internet adoption has made it easier for companies to collect and analyze data about how their services are being used. This data can identify trade and patterns in user behavior and inform the development of new services and features that better meet users' needs.

Several companies have emerged in the Latin American market, offering services such as car sharing, ride-hailing, bike sharing, and scooter sharing. Some of the key players in the market include Uber, Cabify, DiDi Chuxing, Grin, and Lime. In addition to traditional services, there has also been a growing interest in electric mobility solutions in the region. This has led to new services such as electric bike-sharing programs and electric scooter-sharing services. There need to be more infrastructure and regulatory frameworks to support these services. However, some cities have begun to develop regulations and infrastructure to encourage the growth of shared mobility services.

Related Press Release@ Shared Mobility Market Report

Shared Mobility Market Report Highlights 

• The two-wheelers vehicle segment is anticipated to witness the fastest CAGR of over 18% from 2023 to 2030. Two-wheelers have always been a popular mode of transportation due to their low cost and fuel efficiency. Shared mobility companies have recognized this trend and have started to offer shared two-wheeler services, such as bike-sharing and scooter-sharing to cater to the market growth
• The bike-sharing service model segment is expected to register the fastest CAGR from 2023 to 2030. Two-wheeler services are expected to flourish in the coming years as two-wheelers are considered the fastest and fastest way to travel on congested city streets
• Middle East and Africa region is anticipated to register the highest CAGR over the forecast period. The growing demand for shared transportation solutions due to increased corporate travelers in countries such as the UAE and South Africa encourages market growth

Shared Mobility Market Report Scope 

Report Attribute	Details
The market size value in 2023	USD 261.40 billion
The revenue forecast in 2030	USD 731.54 billion
Growth rate	CAGR of 15.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

List of Key Players in the Shared Mobility Market

• Car2Go
• Deutsche Bahn Connect GmbH
• DiDi Chuxing
• Drive Now (BMW)
• ECVARD
• Flinkster
• Grab
• GreenGo
• Lyft
• Uber
• Zipcar

Related Reports@

Electric Mobility Market

Micro-mobility Market

Shared Mobility Market Segmentation

Grand View Research has segmented the global shared mobility market based on service model, vehicle, and region:

Shared Mobility Service Model Outlook (Revenue, USD Billion, 2018 - 2030)

• Ride Hailing
• Bike Sharing
• Ride Sharing
• Car Sharing
• Others

Shared Mobility Vehicle Outlook (Revenue, USD Billion, 2018 - 2030)

• Cars
• Two-wheelers
• Others

Shared Mobility Region Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Asia Pacific
• China
• Japan
• India
• Singapore
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
• U.A.E.
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Swappable Electric Vehicle Battery Market To Reach $2.36 Billion By 2030

 

The global Swappable Electric Vehicle Battery Market size is expected to reach USD 2.36 billion by 2030, expanding at a CAGR of 22.8% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The rising adoption of electric vehicles with swappable batteries by consumers, as they are not required to pay the high upfront cost of fixed batteries is propelling the market growth. This trend is fueled by various factors, including rising fuel expenses, government incentives, and lower carbon emissions.

To reduce carbon emissions and achieve net-zero targets, governments worldwide are implementing strategic initiatives. Many countries have committed to reaching net-zero emissions by mid-century or even earlier and are participating in international agreements to enhance their efforts. For instance, as per the Mission Zero plan released in 2019, the Netherlands government has set a target for all new buses utilized in public transportation to emit zero harmful exhaust gases by 2025. This implies that the buses must either be battery electric or hydrogen fuel cell electric to comply with the regulation. Hence, ongoing government initiatives to achieve net zero emission goals and the environmental benefits of rechargeable batteries are driving the adoption of swappable electric vehicle batteries, thereby propelling the market's growth.

Furthermore, various companies started producing swappable batteries for two- and three-wheel electric vehicles. For instance, GOGORO INC., a manufacturer of electric scooters, battery-swapping infrastructure, and smart mobility management systems, collaborated with ProLogium Technology, a prominent player in solid-state battery technology, to develop a solid-state lithium ceramic battery for two-wheeler battery swapping. The newly developed solid-state battery technology would be seamlessly integrated with the existing Gogoro swapping network and vehicles.

The declining cost of lithium-ion batteries is expected to drive demand for swappable batteries for electric vehicles. As per a study conducted by the Massachusetts Institute of Technology (MIT) and the Energy and Environmental Science Journal, the reduction in lithium-ion battery prices could result in a significant drop in the prices of swappable batteries, which would make them more economical and increase their demand. The study suggests that more than 50% of this cost reduction is attributed to research and development efforts, including funding from both private and government segments.

The outbreak of the COVID-19 pandemic severely impacted several economies. In addition, increased fuel prices owing to the Russia-Ukraine conflict are expected to prompt consumers to adopt electric vehicles considering the lower lifecycle cost of an electric vehicle as compared to internal combustion engine (ICE) vehicles, which is ultimately creating more demand for swappable electric vehicle batteries. Furthermore, aggressive investments in innovation and subsequent advances in battery technology are expected to create new opportunities for the growth of the swappable electric vehicle battery industry.

List of Key Players in the Swappable Electric Vehicle Battery Market

• Contemporary Amperex Technology Co., Limited
• NIO Inc.
• GOGORO INC.
• Silence Urban Ecomobility
• Honda Motor Co., Ltd.
• SUN Mobility Private Ltd.
• ONiON Mobility
• Swap Energi Indonesia
• Bounce
• Okinawa Autotech Internationall Private Limited

Related Press Release@ Swappable Electric Vehicle Battery Market Report

Swappable Electric Vehicle Battery Market Report Highlights

• Lithium-Ion segment is anticipated to emerge as the fastest-growing segment over the forecast period. Increasing adoption of lithium-ion swappable electric vehicle batteries owing to their benefits such as lightweight and space-saving design, high efficiency, and low cost, among others, is attributed to the growth of the segment
• The >5 kWh capacity segment accounted for the largest market share in 2022. Increasing adoption of large-capacity swappable electric vehicle batteries as it covers long distances on a single charge and provide reliable energy storage for renewable energy systems is boosting the growth of the segment
• Two-wheeler segment is anticipated to emerge as the fastest-growing segment over the forecast period. The increasing development of two-wheeled electric vehicles equipped with swappable batteries and the growing market for e-bikes/e-scooters in developing countries are expected to boost the segment growth
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2030 due to the vast presence of swappable battery start-ups, significant growth in electric vehicle sales in the region, and extensive deployment of battery swapping stations in countries such as China India, Taiwan, and Japan
• Key players operating in the market include Contemporary Amperex Technology Co.; Limited, NIO Inc.; GOGORO INC.; Silence Urban Ecomobility; Honda Motor Co., Ltd.; SUN Mobility Private Ltd.; ONiON Mobility; Swap Energi Indonesia; Bounce; and Okinawa Autotech Internationall Private Limited 

Swappable Electric Vehicle Battery Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 560.3 million
Revenue forecast in 2030	USD 2.36 billion
Growth rate	CAGR of 22.8% from 2023 to 2030
Base year of estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

 

Related Report@

Battery Swapping Charging Infrastructure Market

Electric Vehicle Market

Swappable Electric Vehicle Battery Market Segmentation

Grand View Research has segmented the global swappable electric vehicle battery market based on battery type, capacity, application, and region:

Swappable Electric Vehicle Battery Type Outlook (Revenue, USD Million, 2017 - 2030)

• Lead Acid
• Lithium-ion
• Others (Nickel-Metal Hydride, Sodium Ion)

Swappable Electric Vehicle Battery Capacity Outlook (Revenue, USD Million, 2017 - 2030)

• < 5 kWh
• > 5 kWh

Swappable Electric Vehicle Battery Application Outlook (Revenue, USD Million, 2017 - 2030)

• Two-Wheeler
• Passenger Cars
• Commercial Light Duty Vehicles
• Three-Wheeler
• Four-Wheeler

Swappable Electric Vehicle Battery Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Taiwan
• Vietnam
• Indonesia
• Thailand
• Malaysia
• Philippines
• South Korea
• Singapore
• Latin America
• Brazil
• Mexico
• MEA

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Automotive Charge Air Cooler Market Worth $18.02 Billion By 2030

 

The global Automotive Charge Air Cooler Market size is anticipated to reach USD 18.02 billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. A charge air cooler’s function includes an increase in engine combustion efficiency, a rise in demand for fuel-efficient vehicles, and the regulatory authorities' focus on the reduction of carbon emission would give a boost to the product demand. An increase in the use of turbocharging in automobiles would promote the application of charge air coolers as well. The automotive sector has been significantly impacted by the COVID-19 pandemic. South America’s automotive production dropped by more than 30%, with Brazil down by 32%.

The North American Free Trade Agreement (NAFTA) had seen a production decline of more than 20%. Asia was better in terms of resisting the shock, with a decline of 10%. The impact on Chinese production was only 2%, and a quick recovery was witnessed. Hubei in China is one of the most important regions for the automotive industry as more than 100 automotive suppliers are based out of this region. An outbreak of the pandemic in the region resulted in a halt of production activities. These downward trends in automotive production also impacted the automotive charge air cooler sector. Asia Pacific accounted for the largest revenue share in 2021.

China is the world’s largest vehicle market in terms of manufacturing output and annual sales. Domestic production is anticipated to cross 35 million vehicles by 2025. Total cars of over 25 million were sold in 2020. Automotive is one of the important industries in India. In 2020, India was the fifth-largest automaker in the world. In FY 2021, the country’s annual auto production was 22.7 million vehicles. Japan is the third-largest automotive producer known for invigorating ideas and cutting-edge technology. The automotive industry accounts for almost 89% of the country’s manufacturing sector.

List of Key Players in Automotive Charge Air Cooler Market

• Dana Ltd.
• T.RAD Co., Ltd.
• Valeo
• MODINE MANUFACTURING COMPANY
• MAHLE GmbH
• AKG Group
• Hanon Systems
• Banco Products (India) Ltd.
• Sterling Thermal Technology
• C, G, & J Inc.
• Radicon Company Ltd.
• Kelvion Holding GmbH
• Delphi Technologies (BorgWarner Inc.)
• Dura-Lite Heat Transfer Products Ltd.

Related Press Release@ Automotive Charge Air Cooler Market Report

Automotive Charge Air Cooler Market Report Highlights

• The air-cooled charge air cooler product type segment accounted for the largest revenue share in 2021. These devices are used in passenger cars as well as light & heavy commercial vehicles
• The passenger vehicle type segment is projected to grow at a significant CAGR over the forecast period. Stringent rules regarding emissions will drive the need for charge air coolers for passenger cars. With the growing passenger vehicle sales, the demand for charge air coolers is expected to increase. However, rising demand for electric vehicles (EVs) would hamper sales for this product
• The fin & tube design type segment accounted for the largest revenue share in 2021. These types of air charge coolers are ideal for high-performance diesel applications with high boost pressure. One of the cons of this type of charge air cooler includes poor cooling efficiency if not engineered with enough tubes for the application
• The integrated segment is projected to grow at a significant CAGR over the forecast period. It requires a smaller front-end package and lowers pressure drop in the intake system, hence lowering the cost of the cooler. This system is ideally suited for turbocharged gasoline engines. An integrated charge air cooler system makes the most of all the advantages of indirect charge air cooling. It reduces the number of interfaces and the handling cost as well for automotive manufacturers

Related Reports@

Automotive Air Filters Market

Automotive Natural Gas Vehicle Market

Automotive Charge Air Cooler Market Segmentation

Grand View Research has segmented the global automotive charge air cooler market based on product type, vehicle type, design type, fuel type, position type, and region:

Automotive Charge Air Cooler Product Type Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• Air-cooled
• Liquid-cooled

Automotive Charge Air Cooler Vehicle Type Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

Automotive Charge Air Cooler Design Type Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• Fin & Tube
• Bar & Plate

Automotive Charge Air Cooler Fuel Type Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• Diesel
• Gasoline

Automotive Charge Air Cooler Position Type Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• Integrated
• Standalone

Automotive Charge Air Cooler Regional Outlook (Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com