Global Diesel Particulate Filter Market: Key Highlights
Global Diesel Particulate Filter Market: Key Market Dynamics
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Global Diesel Particulate Filter Market: Regional Overview
Europe is expected to dominate the diesel particulate filter market owing to the presence of key automotive players such as Ford, BMW, Volkswagen, and others. Additionally, increasing strict norms and regulations from environment protection agencies to reduce the release of particulars in atmosphere by use of advanced technology has expected to surge the demand for diesel particulate filters. According to the report published by European Parliament, 72% of total CO2 emissions of the European Union comes from automotive vehicles.
Asia-Pacific region is expected to grow at a substantial rate during the forecasted period. This is attributed by the growing presence of major automotive OEMs in the region along with the implementation of stringent fuel emission standards in countries, such as India, China, and others.
Global Diesel Particulate Filter Market: Key Players Overview
Faurecia is a global leader in automotive technology which engages in the provision of innovative solutions to automotive challenges. The company operates in business segments namely seating, electronics, and clean mobility. In Sep 2018, the company launched DPF Maintenance Machine for clean service performance in Automechanika trade fair which will help to improve emission reduction of vehicles
Tenneco Inc. was incorporated in 1940, and operates through clean air, powertrain, motorparts, ride performance business segment. The company generated revenue of USD 17.45 billion in 2019. It has 161 manufacturing sites, and 21 engineering & technical centers across the globe. On October 1, 2018, Tenneco completed the acquisition of Federal-Mogul, a leading global supplier to original equipment manufacturers and the aftermarket.
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