Germany Automotive Catalyst Market Outlook

since the onset of the european union’s stringent exhaust emission norms in the late 1990s, germany, a major stakeholder in the automotive industry, has been leading the way in the development of automotive catalysts. automotive catalysts are used to reduce the emission of toxic gases from the combustion engines of vehicles, which in turn are instrumental in preserving air quality and contributing to sustainable development goals. launched in 1996, euro 1 was the first in a series of eu norms for emission control. this set the stage for the development of integrated monolith catalysts, resulting in increasing demand for automotive catalysts from germany in both the aftermarket and oem space. this, compounded by a host of environmental regulations laid down by the government is set to boost the demand for automotive catalysts in germany at a steady rate over the forecast period. additionally, the increasing penetration of hybrid and electric vehicles, supported by government subsidies is expected to drive the demand for ecus, sensors and other technically advanced components, leading further growth in the germany automotive catalyst market. furthermore, the rise in the trend of light weight vehicles is expected to have a major influence in the germany automotive catalyst market in the upcoming years. as lighter vehicles lead to lower emissions and fuel consumption, many automakers are investing in the development of lightweight materials and new technologies, leading to increased demand for catalysts. with new innovations and the introduction of newer technologies, the germany automotive catalyst market is expected to experience steady growth during the forecast period 2018 to 2032. furthermore, the increasing demand from aftermarket services and the centralized orginazational council (oc) is expected to offer greater opportunities for catalyst manufacturers. to remain competitive, established and emerging catalyst manufacturers must focus on producing high performance, cost-effective scanners compliant with the stringent emission norms and standards of the eu. companies must also focus on developing new and innovative materials and technologies that meet the growing requirements of light weight vehicles. in conclusion, with the increasing demand for aftermarket services, investments in new r&d, and fresh advancements in the sector, the germany automotive catalyst market is expected to grow at a steady rate during the forecast period 2018 to 2032.