19 March 2021
Visiongain has published a new report on Diesel Particulate Filter Market Report to 2031: Forecasts by Vehicle Type (LCV, Truck, Passenger Cars & Busses) By Regeneration Catalyst (palladium-Rhodium, Platinum-Rhodium, Platinum-Palladium-Rhodium), by Substrate Type (Silicon Carbide, Cordierite & Others) by Equipment Type (Construction Equipment & Agriculture Equipment), By Regeneration process (Passive, Active-Fuel Assisted, Active-Electrically Assisted, RoW) & By Region PLUS Profiles of Leading Diesel Particulate Filter Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Diesel Particulate Filter market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. Due to rapid industrialization, Manufacturing and Infrastructure development, a significant growth is seen during the forecast period. Introduction of stringent emission regulations for On-Highway and Off-Highway Vehicles will drive the demand of diesel particulate filter.
COVID-19 Impact on Diesel Particulate Filter Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that Covid-19 has impacted Competition and market dynamics so much that its revenue got down in 2020. It is expected to gradually get balanced by 2021.
Countries are developing due to which there is increase in demand of diesel engine in the market more than any other fuel. Another driving market force is introduction of stringent emission regulation for On-road vehicle as well as for off-road vehicle because of which there is high demand of diesel engine in the market.
Seeing the environment pollution condition, government has introduced strict regulations for harmful emission due to which there is high demand of diesel engine more in the market and manufacturers are majorly focusing on that. High demand of particulate filters is also seen in the market.
Competitive LandscapeThe global Diesel Particulate Filter market is dominated by big players such as Faurecia, BASF, Tenneco, Eberspaecher, Johnson Matthey, Denso, Continental, Bosal, Friedrich Boysen, and NGK Insulators. These companies have secured their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
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