Global Automotive Exhaust Systems Market to Reach a Valuation of over US$ 36 Bn by 2027; Aftermarket and OEMs to Play a Critical Role in Revenue Growth
A new research publication titled “Automotive Exhaust Systems Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights presents critical market acumen on developments, trends, key players, growth drivers and revenue forecasts across important regions. A detailed market segmentation is carried out that explores every angle of the global market for automotive exhaust systems.
Automotive Exhaust Systems Market
The fact based research report on automotive exhaust systems market supports the reader by...
Global Automotive Exhaust Systems Market: Segmental Outlook
The global automotive exhaust systems market is segmented on the basis of product type, sales channel, vehicle type, engine type and region.
In the product type category, the muffler segment is the largest with respect to market share. The catalytic converter segment is projected to grow at a significant rate during the forecast period owing to several advantages that the component offers – in terms of reduction in carbon emissions and air pollutants.
By sales channel, the aftermarket segment is expected to surpass the OEM segment in terms of growth rate. However, the OEM segment is likely to dominate the global market with a high market valuation.
In the vehicle type category, the passenger cars segment is highly lucrative and is estimated to reach a significant market value by the end of the year of assessment. This segment is the fastest growing and is projected to grow at a value CAGR of 4.2% throughout the period of forecast.
By engine type, the gasoline engine segment is expected to dominate the global market with a high market value as well as high growth rate throughout the period of assessment.
Byregion, Asia Pacific excluding Japan (APEJ) is the most attractive market for the growth in adoption of automotive exhaust systems. The automotive exhaust systems market in this region is projected to grow at a noteworthy CAGR during the forecast period to reach a comparatively high market valuation by the end of 2027. The automotive exhaust systems market in MEA region is projected to grow at a rapid pace.
Global Automotive Exhaust Systems Market: Forecast Analysis
As per this research report, the global automotive exhaust systems market is expected to reach a market valuation of about US$ 36 Bn by the end of the year of assessment in 2027, from a value of just under US$ 25 Bn in 2017. The global market for automotive exhaust systems is expected to rise at a value CAGR of 3.9% throughout the period of assessment.
Global Automotive Exhaust Systems Market: Factors Impacting Growth
Advancements in technology in material science, innovations in exhaust systems to reduce air pollutants, increasing demand for fuel efficient automobiles, use of enhanced technology in the automotive sector and increasing use of automation systems to produce proficient exhaust systems, increasing lifespan of used automobiles expected to boost aftermarket sales, and growing investment in research and development have contributed to the growth of the global automotive exhaust systems market. However, increasing adoption of electric vehicles, rising fuel prices, high Co2 emissions, high initial and repair cost of exhaust systems, bulky design of components of exhaust systems are major aspects hindering the growth of the global automotive exhaust systems market.
Global Automotive Exhaust Systems Market: Competition Tracking
The research report on the global automotive exhaust systems market covers in-depth analysis on the key players involved in the manufacturing of automotive exhaust systems. Players like Faurecia S.A.,Tenneco Inc., Eberspächer Group, Friedrich Boysen GmbH & Co. KG, Benteler International AG, Futaba Industrial Co., Ltd., Yutaka Giken Co., Ltd., SANGO Co., Ltd., Bosal International N.V., Harbin Airui Automotive Exhaust Systems Co. Ltd., and Sejong Industrial Co., Ltd., have been profiled in this study.
For more insights on the global automotive exhaust systems market, write in to Future Market Insights analysts at firstname.lastname@example.org
About the Automotive Division of FMI
The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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