Sales of Emission Control Catalyst for Small Engines Market to Reach of US$ 1,524 million by 2033

Manufacturers of catalytic converters for small engines are providing a wide solution range for various applications, which includes lawn mowers, trimmers, chain saws, refrigerated transportation and others. This is one of the leading factors fueling the demand in the market.

Emission control catalysts are available for diesel and gasoline vehicle types. Selective catalytic reduction catalyst (SCR) is used in on-road and off-road applications. Some of the leading automobile manufacturers are using three way catalytic converters to reduce harmful emissions.

Expansion of the construction industry due to growing industrialization across the globe will present attractive prospects for the expansion of the market. Driven by this, the overall sales in the market will total US$ 1,524  Mn by the end of 2033.

Geographically, the market is predicted to be dominated by North America. High demand for gardening tools will push demand for emission control catalysts for small engines in the U.S. This in turn will present attractive prospects for the growth of the market.

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 Key Takeaways:

• By product type, the demand for gasoline based emission catalyst is expected to surge at 4.4% CAGR over the forecast period.
• By application, construction segment in estimated to account for more than 37% of the sales in the market.
• Germany will emerge as an attractive emission control catalyst for small engine market, with sales growing at a 4.3% CAGR in the forecast period.
• Based on end use, the OEM segment is expected to register year-over-year growth of 3.6% in 2021.
• South East Asia and India are anticipated to collectively account for 13.7% of the total emission control catalyst for small engine market in 2021.

“Leading manufacturers are focusing on making technological improvements. Besides this, they are investing in expansion strategies to strengthen their footprint, especially in emerging markets,” says an analyst at FMI.