Selective catalytic reduction basically controls the emission of nitrous oxide by adding automotive grade urea into the exhausts which results in conversion of nitrogen oxides into carbon di oxide, nitrogen and water. Selective Catalytic Reduction (SCR) has witnessed tremendous growth off late mainly due to the favorable government policies across the globe trying to curb vehicle emission. The global market for global Selective Catalytic Reduction market is expected to witness significant growth between 2016 and 2023.
Market Objective:
Major automotive companies of the world are now expanding quickly in the regions such as Asia Pacific (especially China, Japan, Thailand, India, and Malaysia), and Latin America (Brazil). These giant companies perceive a huge potential in automotive Selective Catalytic Reduction and other automotive components in these countries and are investing into earning the benefits, until the market matures. Also, new entrants in emerging economies are investing in infrastructure development, large scale, and long term projects with the major automotive companies. The emerging economies such as China, Brazil, India, and Japan are boosting the SCR and other components market. The growth of the countries, eventually helps increase the purchasing power of the customers, which in turn boosting the growth of the industries.
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Global Selective Catalytic Reduction Market:
In automotive market, consumer preferences, are continuously changing. Across the world, the demand for high performance, high efficiency, increased safety, and security, are improving different automotive applications. At the same time, when it comes to the actual purchase of a vehicle, consumers prefer a model having all of the above mentioned parameters, but preferably at a lower cost (price). Due to changing consumer needs across global markets, rapid technological advancements are taking place in automotive Selective Catalytic Reduction industry to introduce differentiate products. While considering the above improvements, product pricing (low cost) is given a prominent weightage, during initial development phase. This is a big challenge for the manufacturers as a lot of research and development (R&D) activities go into the new product development phase, which requires huge investments.
The key players of global Selective Catalytic Reduction market are Harman International Industries, Inc., Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), Magneti Marelli S.p.A. (Italy), Amminex Emissions Technology (Denmark), Toyota Motor Corporation (Japan), and SDC Materials (U.S.).
Market Research Analysis:
A major restraint for the automotive Selective Catalytic Reduction, is the government regulations over its certification. The automotive selective catalytic reduction needs to clear all the certification processes led by the government and the transportation department. However, several manufacturers face various difficulties in getting NOCs from these departments. Moreover, the manufacturers need to obtain these certificates to sell or export their products to other places such as US’s DOT, China’s CCC, Brazil’s INMETRO, Japan’s JAS, India’s RTO. Therefore, owing to these factors, the market has faced various challenges that could obstruct the market growth.
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Global Automotive Robotics Market Information by Product Type (SCARA Robot, Articulated Robot, and Cartesian Robot), by Type (Hardware, Software, and Service), by Application (Gripping, Stamping, Welding, Painting, Assembly, and Others), and by Region - Forecast to 2022
Automotive robotics system is used to assist the manufacturing process in the automotive industries such as assembling, welding, cutting, dispensing, painting and others.
The usage of the automotive robotics in the manufacturing process helps reducing the operational cost as it helps improve quality & operational flexibility, decrease production & manufacturing errors, and also reduce wastage of the raw material.
Moreover, Increased concerns for labor safety, the adoption of automation to ensure quality production, and to meet market demand on time are the main drivers which is expected to contribute in the growth of the automotive robotics market.
The global automotive robotics market is expected to show a growth at CAGR of about 10% from 2016 to 2022.
Study Objectives of Global Automotive Robotics Market
