- Title
- An investigation into the current and future state of the catalytic converter industry
- Creator
- Hughes, Jason Michael
- Subject
- Automobiles -- South Africa -- Eastern Cape -- Catalytic converters.
- Subject
- Industrial management
- Subject
- Automobile industry and trade
- Date Issued
- 2024-04
- Date
- 2024-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/65031
- Identifier
- vital:74009
- Description
- The catalytic converter industry plays a crucial role in enhancing the sustainability of automotive and industrial processes by mitigating the environmental impact of harmful emissions. Catalytic converters are devices that use catalysts to facilitate chemical reactions, converting the pollutants in exhaust gases into less harmful substances. It has become necessary to investigate the current and future state of the catalytic converter industry, due to the stringent emissions regulations being adapted across the world, including the introduction of alternative powered vehicles. The primary objective of this study is to identify sustainable strategies that could be adapted by the catalytic converter industry to ensure sustainability of the market. The study was conducted using a qualitative phenomenological approach. A total of 12 participants were chosen for the study and in-depth interviews were used as data collection tool to accomplish the objectives of the study. A thematic qualitative data analysis approach was taken to analyse and identify emerging themes from the collected data. As the industry is extremely dynamic, it becomes very difficult to update data for analysis purposes, therefore it becomes complicated to challenge the growth opportunities for the industry. It is therefore recommended to conduct thorough market analysis considering factors, such as market trends, regional variations, key players, and supply-demand dynamics. A deeper dive into the influences of the electric and hydrogen technologies’ effect on the catalytic converter industry, is key to identify potential opportunities and challenges associated with the move to greener transportation. The findings of this study established that the catalytic converter industry should adopt a multifaceted strategy, that includes regulatory compliance, technological innovation, environmental responsibility, and a willingness to adapt to shifting market dynamics. The ability of this industry to strike a balance between environmental stewardship and economic viability, will determine its future success.
- Description
- Thesis (MBA) -- Faculty of Business and Economic Sciences, Business School, 2024
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (105 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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- Downloads: 19
Collections
NMU Business School
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Hughes, J April 2024.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |