Automotive Selective Catalytic Reduction Market Segmentation:
Vehicle Type Segment Analysis
The global automotive selective catalytic reduction (SCR) market is segmented and analyzed for demand and supply by vehicle type into light commercial vehicle, heavy commercial vehicle, and passenger car. Out of the three types of vehicle type, the passenger car segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the widespread increasing count of passenger cars throughout the world, coupled with expanding production of these cars. For instance, the worldwide production of passenger cars was expanded from nearly 56 million in 2020 to over 58 million in 2021. Such a booming ratio of passenger cars is estimated to push the market growth further in the coming years, as people are now splurging more on their lifestyle and comfort. Moreover, spiking growth in per capita income along with surge in urbanization are some further factors that are estimated to drive the market growth during the forecast period.
Besides this, the light commercial vehicle segment is also projected to grasp a noticeable market share over the forecast period on the back of the increasing proportion of off-road activities among people, such as trekking, sports, racing, and so on.
Type Segment Analysis
The global automotive selective catalytic reduction market is also segmented and analyzed for demand and supply by type into copper zeolite, iron zeolite, and others. Amongst these three segments, the copper zeolite segment is expected to garner a significant share. The growth of this segment is owing to its outstanding capacity to operate at extreme high temperature ranging from 180 to nearly 600 degrees Celsius, coupled with its high competency as part of an emission monitoring system to convert the nitrogen oxide. On the other hand, the iron zeolite segment is also anticipated to generate good market growth during the projected time frame on the back of its excellent properties, such as extreme thermal constancy. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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By Component |
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By Vehicle Type |
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