Market Leader - Diesel Particulate Filter Market
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 in several countries.
The diesel particulate filter market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the 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).
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. Companies adopted the strategy of expansion to diversify and strengthen their business networks. The companies that adopted this strategy are Faurecia (France), Friedrich Boysen (Germany), Eberspaecher (Germany), and Tenneco (US).
To know about the assumptions considered for the study download the pdf brochure
New product development was another major strategy adopted by industry players. New product development provides companies with a competitive edge. For instance, in 2017, Denso launched a new line of PowerEdge Diesel Particulate Filter (DPF) replacement products for heavy-duty trucks and equipment. It has high-grade stainless steel and other quality materials that increase the durability by resisting corrosion and preventing failures.
Faurecia has a wide product portfolio and has adopted expansion as the key strategy. In 2017, Faurecia established a new facility in Mexico. It provides exhaust systems for GM and FCA. In 2017, it inaugurated its new headquarters in South Korea with a testing center, a prototype center, and an exhibition center. This helped the company to expand its DPF business. Its core competency is DPF integration for on-highway vehicles.
Similarly, Tenneco has adopted the strategy of expansion. In 2017, it expanded its facilities in Michigan to include a customer center and a sales team. It also established a clean air manufacturing facility in Tennessee, US. In 2017, the company acquired Federal-Mogul for USD 5.4 billion. This acquisition strengthened its aftermarket product portfolio. Its core competencies are customized products and wide aftermarket portfolio.
Related Reports:
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
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
