Stringent emission limits for on-road as well as off-road vehicles and rising demand for diesel engines to drive the growth of global diesel particulate filter market
According to TechSci Research report, “Global Diesel Particulate Filter Market By Substrate Type (Cordierite, Silicon Carbide, Others), By Regeneration Catalyst (Platinum-Rhodium (Pt-Rh), Palladium-Rhodium (Pd-Rh), Platinum-Palladium-Rhodium (Pt-Pd-Rh)), By Vehicle Type (Passenger Car, Light Commercial Vehicles (LCV), Truck, Bus, Off Highway Vehicles), By Sale Channel (OEM, Aftermarket), By Region, Forecast & Opportunities, 2025”, the global diesel particulate filter market is expected to witness double digit growth rate owing to factors like increasing demand for diesel vehicles such as trucks in logistics and transportation, etc., stringent emission regulations around the world and rising environment safety concerns. Technological advancements have led to development of efficient diesel particulate filters, which has provided great opportunities for manufacturing companies to expand their presence in this market. Automobile companies are using diesel particulate filters as they improve the performance of vehicles, lower fuel consumption and provide better transient response. In comparison to a non-diesel particulate filter system, diesel particulate filters also help in reducing the total operating cost of the system. Additionally, increasing demand for commercial vehicles due to the growing industrialization, especially in developing countries, is further anticipated to boost the growth of diesel particulate filter market across the globe. This is because of the reason that is has been made mandatory to use diesel particulate filters due to stringent emission norms. Also, rising health concerns is resulting in increased demand for reducing carbon and other particulate emissions from automobile exhausts. Hence, these factors are anticipated to fuel the demand for diesel particulate filters in the coming years. However, diesel particulate filter market might also face some hindrance in its growth. High cost of diesel particulate filters and push by the governments to promote electronic vehicles which do not require diesel particulate filters, are some of the major factors hampering the growth of global diesel particulate filters market.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on “Global Diesel Particulate Filter Market”
The global diesel particulate filter market is segmented based on substrate type, regeneration catalyst, vehicle type, sales channel and region. Based on substrate type, the diesel particulate filter market is segmented into cordierite, silicon carbide and others. Among them, the silicon carbide segment holds the largest share in the market owing to its large-scale use in light commercial vehicles and passenger cars. As the production of these vehicles is increasing, silicon carbide is majorly being used for manufacturing of these vehicles. Based on vehicle type, the market is segmented into passenger car, Light Commercial Vehicles (LCV), truck, bus and off highway vehicles. The passenger car segment holds dominance in the diesel particulate filter market owing to rise in sales of passenger cars. Also, growing demand for luxury passenger cars worldwide, is anticipated to accelerate the demand for diesel particulate filters during the forecast years.
Major players operating in the global diesel particulate filter market include Delphi Automotive LLP, BASF SE, Bosal Nederland BV, Denso Corp, Eberspaecher Gruppe GmbH & Co KG, Faurecia SE, Friedrich Boysen GmbH & Co KG., Johnson Matthey PLC, Tenneco Inc., NGK Insulators Ltd and others. The companies are observing shifting trends towards, BS VI and EU V vehicles which require diesel particulate filter.
Download Sample Report @https://www.techsciresearch.com/sample-report.aspx?cid=4722
Customers can also request for 10% free customization on this report.
“Regionally, Europe accounts for largest market share in global diesel particulate filter market. The region is witnessing significant demand for diesel particulate filters on account stringent norms to reduce release of particulates in the atmosphere from various environment protection agencies. This has motivated automobile manufacturers in the region to use diesel particulate filters in their automotive engines. However, the manufacturers need to focus on developing advanced technologies to supplement the market growth and give tough competition to electronic vehicle manufacturers,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Diesel Particulate Filter Market By Substrate Type (Cordierite, Silicon Carbide, Others), By Regeneration Catalyst (Platinum-Rhodium (Pt-Rh), Palladium-Rhodium (Pd-Rh), Platinum-Palladium-Rhodium (Pt-Pd-Rh)), By Vehicle Type (Passenger Car, Light Commercial Vehicles (LCV), Truck, Bus, Off Highway Vehicles), By Sales Channel (OEM, Aftermarket), By Region, Forecast & Opportunities, 2025”has evaluated the future growth potential of global diesel particulate filter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global diesel particulate filter market.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017