Global Commercial Vehicle Urea Tank Market Growth 2023-2029

Global Commercial Vehicle Urea Tank Market Growth 2023-2029

Product Code:450454

Published Date: Feb 08,2023

Pages: 109

Region: Global

Category: Automobile & Transportation

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Urea SCR cleans the exhaust after combustion. The urea solution is held in a separate storage tank and injected as a fine mist into the hot exhaust gases. The heat breaks the urea down into ammonia--the actual NOx-reducing agent. Through a catalytic converter, the ammonia breaks the NOx down to harmless nitrogen (N) gas and water vapor. The exhaust is no longer a pollutant; the atmosphere is about 80% nitrogen gas. The storage tank is urea tank.

LPI (LP Information)' newest research report, the “Commercial Vehicle Urea Tank Industry Forecast” looks at past sales and reviews total world Commercial Vehicle Urea Tank sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Vehicle Urea Tank sales for 2023 through 2029. With Commercial Vehicle Urea Tank sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Vehicle Urea Tank industry.

This Insight Report provides a comprehensive analysis of the global Commercial Vehicle Urea Tank landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Vehicle Urea Tank portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Commercial Vehicle Urea Tank market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Vehicle Urea Tank and breaks down the forecast by size, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Vehicle Urea Tank.

The global Commercial Vehicle Urea Tank market size is projected to grow from US$ 437.3 million in 2022 to US$ 569.2 million in 2029; it is expected to grow at a CAGR of 569.2 from 2023 to 2029.

Global Commercial Vehicle Urea Tank key players include Cummins, KUS Auto, Elkhart Plastics, Centro Incorporated, Shaw Development, etc. Global top five manufacturers hold a share over 40%.

North America is the largest market, with a share nearly 40%, followed by China, and Europe, both have a share about 45 percent. 
In terms of product, 19 liters is the largest segment, with a share over 35%. And in terms of application, the largest application is HD On Road, followed by HD Off Road.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Vehicle Urea Tank market by product size, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by size
    19 liters
    38 liters
    57 liters
    114 liters
    Others

Segmentation by application
    HD Off Road
    HD On Road

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Cummins
    Elkhart Plastics
    Centro Incorporated
    Shaw Development
    KUS Auto
    Röchling Group
    Salzburger Aluminium
    Hitachi Zosen
    Elkamet
    SSI Technologies
    Solar Plastics
    KaiLong

Key Questions Addressed in this Report
What is the 10-year outlook for the global Commercial Vehicle Urea Tank market?
What factors are driving Commercial Vehicle Urea Tank market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Commercial Vehicle Urea Tank market opportunities vary by end market size?
How does Commercial Vehicle Urea Tank break out size, application?
What are the influences of COVID-19 and Russia-Ukraine war?