Over the five years to 2017, the Catalytic Converter Manufacturing industry experienced revenue growth, in line with the recovery of the greater automotive sector. Improving automobile sales, more stringent emissions standards and increasing demand for replacement and aftermarket catalytic converters for an aging vehicle fleet helped sustain industry demand over the past five years. Over the next five years, catalytic converter manufacturers will continue to regain their stature, driven by the continued upward trend in car sales and growth in the aftermarket and replacement market segment. However, uncertain emissions regulation may slow product innovation and demand. Nevertheless, industry revenue is forecast to grow over the five years to 2022. Industry Report - Industry Analysis Chapter The Catalytic Converter Manufacturing industry manufactures vehicle emission control devices that convert exhaust gas pollutants into less toxic products.

Demand for industry products typically correlates directly with demand for automobiles, which is dependent on consumer confidence and the strength of the US dollar. Over the past five years, moderate economic growth has prompted a recovery in automobile sales, precipitating greater demand for equipment inputs, such as catalytic converters. Moreover, rising emission standards and additional demand for replacement and aftermarket products have contributed to revenue growth over the past five years. Due to renewed demand across all segments, industry revenue is expected to increase an annualized 6.8% to $1.4 bi. Additional Insights for the Catalytic Converter Manufacturing Industry IBISWorld identifies 250 Key Success Factors for a business.The most important for the Catalytic Converter Manufacturing Industry are• Access to the latest available and most efficient technology and techniques • Ability to accommodate environmental requirements • Degree of globalization in the company IBISWorld analysts also discuss how external factors such as Demand from car and automobile manufacturing and Average age of vehicle fleet in the Catalytic Converter Manufacturing industry impact industry performance. Executive Summary Key External Drivers • Demand from car and automobile manufacturing • Average age of vehicle fleet • Trade-weighted index • Regulation Current Performance • Strong recovery • Regulation drives demand • Industry structure • Trade and globalization • Chart: Revenue Growth Industry Outlook • Continued growth in the automobile market • Capacity growth • International presence • Table: Catalytic Converter Manufacturing Industry Revenue Outlook Industry Life Cycle • Life cycle reasons • Chart: Benchmarking - Catalytic Converter Manufacturing Industry Lifecycle vs The Economy.

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