Exhaust system market is projected to grow at a CAGR of 8.45%, to reach a market size of USD 59.02 billion by 2021.
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Top Companies Analyzed for Exhaust Systems Market are –
- Faurecia (France)
- Tenneco Inc. (U.S.)
- Eberspacher (Germany)
- Futaba Industrial Co., Ltd. (Japan)
- Sango Co., Ltd (Japan)
- Benteler International AG (Austria)
- Friedrich Boysen GmbH & Co. KG (Germany)
- Yutaka Giken Co., Ltd. (Japan)
- Sejong Industrial Co., Ltd. (South Korea)
Asia-Oceania and North America are estimated to dominate the market for exhaust system and its related components, and is projected to grow at the highest CAGR during the forecast period. The Asia-Oceania market is growing because of rising urbanization, and increased demand for the individual vehicle which has resulted to the increase in demand for the exhaust system.
The growth of North American region can be credited to the stringency in the emission norms and increase in the vehicle production across region.
With regards to the after treatment devices, the gasoline particulate filter (GPF) which is used for GDI engines is observed as the fastest growth market.
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The system accounts to be fastest market because of its increased use in the GDI engines. The system nullifies the aftereffects of the GDI engines and reduces the emissions from the gasoline engines.
The selective catalytic reduction (SCR) accounted to be fastest market for diesel variants. The growth is observed owing to the advantages to meet the new emission standards and helps the manufacturer to accomplish the set emission targets by the regional authorities.
Inquire For Complete Report Copy of Exhaust Systems Market by After Treatment Device (DOC, DPF, LNT, SCR & GPF), Fuel Type, Component (Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe, Sensor), and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021 www.rnrmarketresearch.com/contacts/190656
- Exhaust system solution providers
- Manufacturers of exhaust system components
- Raw material suppliers for exhaust system and its related components
- Transport authorities
- Legal and regulatory authorities
- Fleet operators
The passenger cars accounted to have the largest market size in terms of components of exhaust systems. The growth is attributed to the increase in demand for passenger cars across the globe which has directly resulted to the increase in the demand for the exhaust system and its components.
- The report defines, describes, and projects the exhaust system market on the basis of OE market &aftermarket for components and after treatment devices, vehicle type, fuel type and region
- It analyzes the opportunities offered by various segments of the market to stakeholder
- It analyzes the regional markets for growth trends, future prospects, and their contribution to the overall market
It also tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other industry activities carried out by key industry participants
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