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Top Companies by Market Share - Emission Control Systems O
Forvia Faurecia led the global emission control systems market with a market share of 28.0% in 2023·
Forvia Faurecia
Company Overview:
PATENTS
Patent Publication 1: (Publication date: April 24, 2025)
US20250129733A1: A heating element for an exhaust line includes a substantially tubular housing that defines a passage section for the exhaust gases and at least two heating discs arranged across the passage section to force the exhaust gases to pass through the at least two heating discs. A connector supports the at least two heating discs and provides an electrical connection between the at least two heating discs.
Patent Publication 2: (Publication date: April 18, 2025)
CN112576347B: An automobile exhaust aftertreatment system includes a reagent mixer. The reagent mixer includes a mixer body and a dosing device for injecting the reagent into the mixer body. The reagent mixer mixes the exhaust gas with the reagent before the exhaust gas is discharged from the reagent mixer.
To know more on the company: Forvia SE- GlobalData Intelligence Center - Automotive
Forvia Faurecia
SWOT 'Faurecia
Strengths:
Geographic Presence - Forvia's diverse global operations mitigate risks and drive growth, with FY2023 revenue distribution: Asia 27.1%, Americas 26.5%.
Diversified Customer Base - The company's diverse customer base, including VW and Ford, mitigates market risks and enhances revenue through strong partnerships.
Focus on R&D Initiatives - Forvia invests in Al-driven R&D for high-performance products, spending EUR953 million in FY2023, focusing on smart vehicle technology.
Weaknesses:
Increase in Operating Expenses - Forvia's FY2023 operating expenses rose 8.3% to EUR26.2 billion, driven by higher selling, general, and R&D costs.
Opportunities:
Contracts and Agreements - Forvia partners with L&T Technology Services and CHERY to enhance Clean Mobility and expand in China, targeting €1 billion sales by 2029.
Strategic Acquisitions - Forvia acquired the remaining 50% of Faurecia Aptoide, enhancing its incar infotainment technology and market position.
Global Automotive Industry - Global automotive industry growth offers Forvia opportunities; lowemission...