Two-Wheeler Catalytic Converter Market Size 2023: Analysis by Key Players till 2028

Newest Research on “Two-Wheeler Catalytic Converter Market” – Forecast by Top Regions 2023-2028

A catalytic converter is an exhaust emission control device that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction (an oxidation and a reduction reaction). Catalytic converters are usually used with internal combustion engines fueled by either gasoline or diesel—including lean-burn engines as well as kerosene heaters and stoves.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Two-Wheeler Catalytic Converter estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of Percent during the forecast period 2022-2028.
The rising strict emission norms for two-wheelers is one of the primary drivers for market growth. The increasing levels of vehicular emissions is inducing the governments of developing countries such as India and China to raise the stringency levels of two-wheeler emission norms. This, in turn, is foreseen to drive the requirement for catalytic converters. As a result, two-wheelers will be equipped with enhanced substrates to adhere to the proposed emission standards. Moreover, these additions of substrates and other emission control kits are likely to increase the price of two-wheelers over the next four years. Furthermore, with the government of India elevating its emission standards, the two-wheeler market in the country is expected to see a bigger penetration of fuel-injected vehicles.

Major Product Types of Two-Wheeler Catalytic Converter covered are: