Trends towards delivering additional fuel efficient vehicles and declining exhaust emissions are expected to enhance the market growth.
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According to Stratistics MRC, the Global Automotive Exhaust Systems market is estimated to be $18.1 billion in 2015 and is expected to reach $31.4 billion by 2022 growing at a CAGR of 8.1% from 2015-2022.
The factors such as growing demand for vehicles, major key players partnering with exhaust system manufacturers and government mandates referring to fuel efficiency & emissions are favoring the market growth. However, changing focus towards electric vehicles is anticipated to limit the market.
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Moreover, upcoming rules in emerging nations will offer great investment opportunities for the top players in the automotive exhaust systems market.
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APAC is expected to witness high compound annual growth rate during the forecast period followed by Europe and North America. In APAC, huge automobile production and favorable working conditions with cheap labour will encourage OEMs to set up many manufacturing plants.
Some of the key players in this market include Bosal International NV., Yutaka Giken Co. Ltd., Benteler International AG., Futaba Industrial Co. Ltd., Tenneco Inc., Sejong Industrial Co., Ltd., Friedrich Boysen GmbH & Co. Kg., Sango Co. Ltd.,Eberspächer GmbH & Co. Kg., Faurecia SA, Chongqing Height Automobile Exhaust System, Harbin Airui Automotive Exhaust System and Katcon, S.A.
After-Treatment Devices Covered:
Selective Catalytic Reduction (SCR)
Diesel Particulate Filter (DPF)
Diesel Oxidation Catalyst (DOC)
Lean Nox Trap (LNT)
Fuel Type Covered:
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Stack pipe or tail spout
Exhaust pipes and elbows
Active Noise Cancellation (Anc)
Vehicle Type Covered:
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
Channel Type Covered:
Rest of Europe
Rest of Asia Pacific
Rest of the World
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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