Gasoline Particulate Filter Market for Passenger Cars Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The gasoline particulate filter market for passenger cars market share is expected to increase by 5578.9 thousand units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 16.48%. This gasoline particulate filter market for passenger cars market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The gasoline particulate filter market for passenger cars market report also offers information on several market vendors, including Corning Inc., Faurecia SE, Johnson Matthey Plc, NGK Insulators Ltd., NV Bekaert SA, Tenneco Inc., and Umicore among others. Furthermore, this report extensively covers the gasoline particulate filter market for passenger cars market segmentation by product (mid-size, full-size, and compact-size) and geography (Europe, North America, APAC, MEA, and South America).

What will the Gasoline Particulate Filter Market For Passenger Cars Market Size be During the Forecast Period?

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Gasoline Particulate Filter Market For Passenger Cars Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The government regulations on vehicular particulate emission levels is notably driving the gasoline particulate filter market for passenger cars market growth, although factors such as growing adoption of alternatives to gpf may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the gasoline particulate filter market for passenger cars market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Gasoline Particulate Filter Market For Passenger Cars Market Driver

Key Gasoline Particulate Filter Market For Passenger Cars Market Trend

Proliferation of Euro 6 emission standards is a major trend influencing the gasoline particulate filter market for passenger cars market growth. Euro 6 emission standards are a set of regulations for controlling and maintaining the levels of harmful emissions. They mainly deal with the emission levels of carbon monoxide (CO), nitrogen oxides(NOx), hydrocarbons (HC), and particulate matter (PM). Euro emission standards were introduced in 1992. They were then formulated to curb the use of leaded gasoline and control the emissions of carbon monoxide.Euro 2 emission standards were established in 1997, which further reduced carbon monoxide emission limits and introduced combined limits for nitrogen oxides and unburned hydrocarbons.Euro 3 emission standards were established in 2000, which added more regulations on diesel particulate matter limits and carbon monoxide limits. Additionally, separate limits were introduced for NOx in diesel engines and HC and NOx in petrol engines.Euro 4 emission standards were established in 2006, which put further emphasis on reducing nitrogen oxides and particulate matter.Euro 5 emission standards of 2009 further reduced the amount of particulate emissions of diesel engines with effect on NOx limits.Euro 6 emission standards were introduced in 2014, which imposed further regulations on NOx emission levels of about 67% compared with Euro 5 for both petrol and diesel engines.Apart from the members of the European Union, emerging nations such as Brazil, China, India, and Russia (BRIC countries) have also adopted Euro emission standards. The emission standards would be regulated with stricter norms in the forecast timeframe. Emerging countries will continue to follow the older versions of Euro standards of higher oil consumption.

Key Gasoline Particulate Filter Market For Passenger Cars Market Challenge

Growing adoption of alternatives to GPF is a major hindrance to the gasoline particulate filter market for passenger cars market growth. Vehicular emissions are controlled through three different ways, which are alternatives to GPF: Promoting complete combustion particulate matter can be avoidedReintroducing excessive hydrocarbons produced back into the engine for complete combustionCertain process instrumentation systems, such as the positive crankcase ventilation (PCV) systemPCV system redirects vapors produced during combustion into the fuel or air intake system incinerated during combustion. The process is calibrated with precise control so that the performance of the engine is not affected. PCV system removes harmful gases and reintroduces them with fuel or air charge of the engine. One of the main disadvantages of PCV is that the directed gas, which is largely air, will dilute the fuel or air charge and affect the performance of the engine. With precision timing sensors and instruments, gases are released when engines are at top speeds. This leads to high fuel dilution, which can cause accelerated oxidation and higher oil consumption. Toyota vehicles with GDI use PCV systems to prevent the escape of gases by redirecting them to the fuel or air charge for combustion.

This gasoline particulate filter market for passenger cars market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global gasoline particulate filter market for passenger cars as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the gasoline particulate filter market for passenger cars market during the forecast period.

Who are the Major Gasoline Particulate Filter Market For Passenger Cars Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Corning Inc.
• Faurecia SE
• Johnson Matthey Plc
• NGK Insulators Ltd.
• NV Bekaert SA
• Tenneco Inc.
• Umicore

 

This statistical study of the gasoline particulate filter market for passenger cars market encompasses successful business strategies deployed by the key vendors. The gasoline particulate filter market for passenger cars market is concentrated and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The gasoline particulate filter market for passenger cars market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Gasoline Particulate Filter Market For Passenger Cars Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the gasoline particulate filter market for passenger cars market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global automotive components and accessories market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Gasoline Particulate Filter Market For Passenger Cars Market?

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59% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for gasoline particulate filter market for passenger cars in Europe. Market growth in this region will be faster than the growth of the market in regions.

 Particulate matter emission and carbon build-up in GDI engines will facilitate the gasoline particulate filter market for passenger cars market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market witnessed a slump in 2020, owing to the outbreak of COVID-19. To curb the spread of the deadly disease, various governments across the region imposed nationwide lockdowns. Besides other sectors, automotive manufacturing was severely affected, which reduced the sales of passenger cars. For instance, in 2020, the registrations of passenger cars decreased by more than 20% compared with that in 2019. The decline in the sales of passenger cars limited the growth of GPFs used in them. Despite the havoc caused by the pandemic, the focus of governments on reviving industrial growth and rapid vaccination drives are expected to give impetus to the sales and production of vehicles in Europe in 2021. This will fuel the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Gasoline Particulate Filter Market For Passenger Cars Market?

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The gasoline particulate filter market for passenger cars share growth by the mid-size segment has been significant. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the gasoline particulate filter market for passenger cars market size and actionable market insights on post COVID-19 impact on each segment.

 

Gasoline Particulate Filter Market For Passenger Cars Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 16.48%
Market growth 2021-2025	5578.9 thousand units
Market structure	Concentrated
YoY growth (%)	14.24
Regional analysis	Europe, North America, APAC, MEA, and South America
Performing market contribution	Europe at 59%
Key consumer countries	Germany, US, UK, France, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Corning Inc., Faurecia SE, Johnson Matthey Plc, NGK Insulators Ltd., NV Bekaert SA, Tenneco Inc., and Umicore
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Gasoline Particulate Filter Market For Passenger Cars Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive gasoline particulate filter market for passenger cars market growth during the next five years
• Precise estimation of the gasoline particulate filter market for passenger cars market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the gasoline particulate filter market for passenger cars industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of gasoline particulate filter market for passenger cars market vendors

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