Automotive Exhaust System Market Size 2020 - Analysis
Global Automotive Exhaust System Market Size, information, By Component Type (Manifold, Downpipe, Catalyst Converter, Muffler, Tailpipe, others), After Treatment Device (DOC, DPF, LNT, SCR), Fuel Type (Diesel, Gasoline), Vehicle Type and Region - Forecast 2023
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Automotive Exhaust System Market Size Overview
Automotive exhaust system is used to exhaust out the burnt gases of combustion engines. Advanced automotive exhaust system is used to reduce noise, increase fuel & power efficiency of the vehicles by filtering the exhaust gases. Growing public awareness regarding the environment, stringent government regulation to curb vehicle emission, has increases the demand for the after treatment devices. With the introduction of after treatment device in recent times the market for automotive exhaust systems has witness significant growth due to higher efficiency in the exhaust systems. Hence, after treatment devices is expected to significantly contribute to the increasing demand in the Automotive Exhaust System Market Size. The global Automotive Exhaust System Market Size is expected to show a growth at CAGR of about 7% from 2016 to 2022.
Segmental Analysis
The segmental analysis of the Automotive Exhaust System Market Size has been conducted based on fuel type, component, after treatment device and vehicle type.
On the basis of fuel type, the market has been segmented into gasoline and diesel. On the basis of component, the market has been segmented into downpipe, muffler, manifold, tailpipe, catalyst converter and other. On the basis of after treatment device, the market has been segmented into Selective Catalytic reduction (SCR), Comprises Diesel Oxidation Catalyst (DOC), Lean NOx Trap (LNT), and Diesel Particulate Filter (DPF). On the basis of vehicle type, the market has been segmented into commercial vehicle and passenger vehicle. The later will continue to outperform the former throughout the assessment period. This is mainly owing to the higher sales of passenger cars.
Regional Analysis
Key regions discussed in the report include Asia Pacific (APAC), North America, Europe, Latin America and the Middle East & Africa (MEA). APAC will continue to be the most attractive market for automotive exhaust system during the forecast period. China’s growing dominance in the global automotive manufacturing sector is somewhat linked with the market growth in the region. The automotive industry has witnesses tremendous growth over time in APAC. Growth of economy and rapid industrialization are among the factors that have propelled the industry in the region. Moreover, Asia is also home to a number of automotive companies making it a major destination in global map of automotive manufacturing. Europe is also viewed as a major market for automotive exhaust system. Presence of a vast automotive manufacturing sector puts Europe at an advantageous position. European OMEs are expected to remain focused on product viability and development of products that comply with European Commission’s emission regulations. EU’s efforts to set a global benchmark for emission levels is prompting OMEs to invest in development of environmentally sustainable products.
Global Automotive Exhaust System Market Size: Competition Analysis
Some of the leading companies operating in the market include Tenneco Inc. (U.S.), Futaba Industrial Co. Ltd. (Japan), Sango Co. Ltd. (Japan), Friedrich Boysen GmbH & Co. Kg. (Germany), Sejong Industrial Co., Ltd. (South Korea), Faurecia SA (France), Benteler International AG. (Germany), Bosal International NV (Belgium), Eberspächer GmbH & Co. Kg. (Germany) and Yutaka Giken Co. Ltd. (Japan).
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Datum: 20.03.2020 - 15:05 Uhr
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