Global Diesel Particulate Filter Market for On-Highway Vehicles 2018-2025: The OE DPF Market is Projected to Grow at a CAGR of 11.29%
DUBLIN, Aug. 3, 2018 /PRNewswire/ --
The "Diesel Particulate Filter Market for On-Highway Vehicle by Substrate (Cordierite, Silicon Carbide), Regeneration Catalyst, Vehicle Type, Aftermarket, Off-highway Equipment Regeneration Process, Equipment Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The OE DPF market is projected to grow at a CAGR of 11.29% during the forecast period. From an estimated market size of USD 10.55 billion in 2018, it is projected to reach a market size of USD 24.81 billion by 2025. The DPF aftermarket is projected to grow at a CAGR of 3.89% during the forecast period, from an estimated market size of USD 15.18 billion in 2018 to USD 20.59 billion by 2025.
This growth can be attributed to the increasing stringency of emission regulations. The increasing usage of gasoline and hybrid propulsion vehicles acts as a major restraint for the DPF market.
Pd-Rh regeneration catalyst is estimated to be the largest segment of DPF market, by regeneration catalyst, due to its increasing use in most of the passenger cars. Pt-Pd-Rh regeneration catalyst is the fastest growing segment due to its use in heavy commercial vehicles. The diesel penetration in HCV is the highest among all vehicle types. Thus, to conform to the emission regulations, the use of DPF in HCV would increase drastically during the forecast period.
Silicon carbide is the largest segment of the DPF market, by substrate, due to its large-scale use in passenger cars. It is also the fastest growing segment during the forecast period. Emission regulations in developing countries are projected to increase the use of silicon carbide. The production of passenger cars is significantly higher than commercial vehicles, making passenger cars the largest market for silicon carbide DPF.
With the implementation of Euro V in 2009, the emission regulations in Europe have necessitated the use of DPF. Europe is thus estimated to be the largest on-highway aftermarket during the forecast period. The huge vehicle parc and high diesel vehicle penetration make Europe the largest aftermarket for DPF during the forecast period. In case of Off-Highway aftermarket, the agriculture equipment segment is projected to have the largest market share by 2025.
Currently, the Asia Pacific DPF aftermarket is relatively smaller than Europe and North America. The emission regulations in the Asia Pacific countries are not stringent. Hence, the demand for DPF is minimal at present. India, South Korea, and China have seen increased production of diesel vehicles over the last two decades. Also, China and India have the largest vehicle production in the region.
However, they have limited penetration of DPF due to lax emission regulations at present. Both these countries have decided to implement stringent emission regulations by 2020. Hence, the demand for DPF is estimated to increase in the Asia Pacific region during the forecast period. However, the aftermarket is projected to remain small as the replacement miles for DPF are significantly more than other components.
The major players in the diesel particulate filter market are Faurecia (France), BASF (Germany), Tenneco (US), Eberspaecher (Germany), Johnson Matthey (UK), Denso (Japan), Continental (Germany), Bosal (Belgium), Friedrich Boysen (Germany), and NGK Insulators (Japan), among others.
The increasing stringency of emission regulations has changed the market dynamics for diesel particulate filter. The major growth strategies include expansions, new product development, and acquisitions. Faurecia, for example, has adopted expansion as its key strategy.
In 2017, Faurecia established a new facility in Mexico. It provides exhaust systems for GM and FCA. In the same year, it inaugurated its new headquarters in South Korea with a testing center, a prototype center, and an exhibition center. This helped to expand the company's business and increased the global footprint.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Package Size
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources for Vehicle Production
2.2.2 Key Secondary Sources for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Diesel Particulate Filter - Global Market Trends
4.2 Diesel Particulate Filter Market, By Vehicle Type
4.3 Diesel Particulate Filter Market, By Substrate Type
4.4 Diesel Particulate Filter Market, By Regeneration Catalyst
4.5 Off-Highway Diesel Particulate Filter Market, By Type
4.6 Off-Highway Diesel Particulate Filter Aftermarket, By Equipment Type
4.7 Diesel Particulate Filter Aftermarket, By Country
4.8 Diesel Particulate Filter Market, By Region
5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Introduction of Stringent Emission Regulations
5.1.1.1.1 Emission Regulation for On-Road Vehicles
5.1.1.1.2 Emission Regulation for Off-Road Vehicles
5.1.1.2 Increased Demand for Diesel Engines in Developing Regions
5.1.2 Restraints
5.1.2.1 Shifting Trend Toward Gasoline and Hybrid Propulsion in Light Duty Vehicles in Developed Countries
5.1.3 Opportunities
5.1.3.1 Increase in Demand for Other Particulate Filters
5.1.3.2 Introduction of Active Regenerative Electronically Controlled DPF
5.1.4 Challenges
5.1.4.1 Commercialization and Theft of DPF
5.1.4.1.1 Commercialization of DPF and Introduction of Low Cost DPFs Variants
5.1.4.1.2 DPF Theft
5.1.4.2 Harmonization of Emission Standards
6 Diesel Particulate Filter Market, By Substrate Type
6.1 Introduction
6.2 Cordierite
6.3 Silicon Carbide
6.4 Other Substrates
7 Diesel Particulate Filter Market, By Regeneration Catalyst
7.1 Introduction
7.2 Platinum-Rhodium (Pt-Rh)
7.3 Palladium-Rhodium(Pd-Rh)
7.4 Platinum-Palladium-Rhodium (Pt-Pd-Rh)
8 Diesel Particulate Filter Market, By On-Highway Vehicle Type
8.1 Introduction
8.2 Passenger Car
8.3 Light Commercial Vehicles (LCV)
8.4 Truck
8.5 Bus
9 On-Highway Diesel Particulate Filter Market, By Region
9.1 Introduction
9.2 Americas
9.3 Asia Pacific
9.4 Europe
9.5 RoW
10 Off-Highway Diesel Particulate Filter Market, By Regeneration Process
10.1 Introduction
10.2 Passive Regeneration DPF
10.3 Active Fuel Assisted DPF
10.4 Active Electrically Assisted DPF
11 Off-Highway Diesel Particulate Filter Aftermarket, By Equipment
11.1 Introduction
11.2 Construction Equipment
11.3 Agriculture Tractors
12 Diesel Particulate Filter Aftermarket, By Region
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.2 India
12.2.3 Japan
12.2.4 South Korea
12.2.5 Rest of Asia-Pacific
12.3 Europe
12.3.1 France
12.3.2 Germany
12.3.3 Italy
12.3.4 Spain
12.3.5 UK
12.3.6 Rest of Europe
12.4 North America
12.4.1 Canada
12.4.2 Mexico
12.4.3 US
12.5 RoW
12.5.1 Brazil
12.5.2 Russia
13 Competitive Landscape
13.1 Market Share Analysis
13.2 Competitive Scenario
13.2.1 New Product Developments
13.2.2 Expansions
13.2.3 Mergers & Acquisitions
13.2.4 Partnerships/Agreements/Supply Contracts/Collaborations/Joint Ventures
14 Company Profile
14.1 Faurecia
14.2 Tenneco
14.3 Eberspaecher
14.4 BASF
14.5 Johnson Matthey
14.6 Continental
14.7 Denso
14.8 Friedrich Boysen
14.9 Bosal
14.10 NGK Insulators
14.11 Additional Company Profiles
14.11.1 North America
14.11.1.1 Corning
14.11.1.2 Clean Diesel Technologies
14.11.1.3 Rypos
14.11.1.4 Katcon
14.11.2 Europe
14.11.2.1 Unicore
14.11.3 Asia Pacific
14.11.3.1 Yungjin
14.11.3.2 Yutaka Giken
14.11.3.3 Ibiden
14.11.3.4 Sankei Giken Kogyo
For more information about this report visit https://www.researchandmarkets.com/research/kvgdpj/global_diesel?w=5
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