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Automotive Three-Way Catalytic Converter Market Share

Report ID: GMI12832
Published Date: Dec 2024
Report Format: PDF

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Automotive Three-Way Catalytic Converter Market Share

Automotive Three-Way Catalytic Converter Company Market Share, 2024

Faurecia, Magna, and Tenneco hold a market share of around 20% in the automotive three-way catalytic converter industry. Faurecia focuses on innovation and sustainability, continuously developing advanced emission control technologies to meet stricter global emission standards. The company invests heavily in research and development to improve catalytic converter efficiency and performance. Faurecia also collaborates with OEMs to provide tailored solutions, positioning itself as a leader in low-emission vehicle technologies.

Magna leverages its strong manufacturing capabilities and global presence to meet the increasing demand for advanced emission systems. The company prioritizes eco-friendly solutions and the development of lightweight materials, helping automakers reduce vehicle emissions and enhance fuel efficiency.

Automotive Three-Way Catalytic Converter Market Companies

Major players operating in the automotive three-way catalytic converter industry include:

Bosal
Corning
Denso
Faurecia
Johnson Matthey
Magna
Marelli
Tenneco
Umicore
Yutaka

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive three-way catalytic converter reached USD 11.2 billion in 2024 and is projected to grow at a 6.2% CAGR from 2025 to 2034, driven by the increasing adoption of vehicles globally.

The passenger vehicle segment accounted for 74% of the market share in 2024 and is expected to grow as consumers prioritize low-emission and fuel-efficient vehicles due to rising environmental awareness.

The U.S. market captured 80% of the revenue share in 2024, led by stringent environmental regulations and advancements in catalytic converter technologies.

The major players in the market include Bosal, Corning, Denso, Faurecia, Johnson Matthey, Magna, Marelli, Tenneco, Umicore, and Yutaka.