Automotive Exhaust Sensor Market Research Report with Key Players Analysis, Trends and Growth Forecast till 2026
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In terms of volume, the global automotive exhaust sensor market will record a CAGR of 3.5% during the forecast period 2017 to 2026, as projected by a recent Fact.MR report. Nearly US$ 2,000 Mn worth of automotive exhaust sensors are estimated to be sold globally by 2026-end. 6 Key Projections on Future of Automotive Exhaust Sensor Market for Forecast Period 2017-2026 (In Terms of Volume)
4 Key Projections on Future of Automotive Exhaust Sensor Market for Forecast Period 2017-2026 (In Terms of Volume)
1. Automotive exhaust sensors are expected to exhibit the largest sales in North America, trailed by Europe and Asia-Pacific excluding Japan (APEJ). However, sales of automotive exhaust sensors in Europe will increase at a relatively higher CAGR than that in APEJ and North America through 2026.
2. Middle East & Africa and Latin America are anticipated to remain the fast-expanding markets for automotive exhaust sensor. In contrast, the market in Japan will exhibit a sluggish expansion through 2026.
3. Automotive exhaust sensors are likely to witness huge demand from passenger cars and heavy commercial vehicles, with sales in these two vehicle type segments collectively estimated to exceed 120,000,000 units by 2026-end.
4. Not much difference in CAGRs is expected regarding sales of automotive exhaust sensors in passenger cars, heavy commercial vehicles and light commercials vehicles, with light commercial vehicles projected to exhibit the highest CAGR through 2026.
The market for automotive exhaust sensor in Europe and North America has reached a maturity stage, and is currently stable on the back of a slack in production and rising competition from developing economies in Asia-Pacific excluding Japan (APEJ) and Latin America. However, with implementation of the Euro VI norms in 2017, demand for exhaust sensors is expected to witness a gradual rise in Europe in the near future. Europe will remain the largest market for automotive exhaust sensor, in terms of value.
In terms of value, passenger cars among vehicles type segments will account for the lion’s share of the global automotive exhaust sensor market. Dominance of passenger cars in the market can be primarily attributed to the advent of stringent emission norms, which demand installation of automotive exhaust sensors in passenger cars for controlling air pollutants, thereby boosting sales of the emission-efficient passenger cars significantly. In addition, sales of automotive exhaust sensors in passenger cars and heavy commercial vehicles are projected to register an equal and the highest CAGR, in terms of value, through 2026, closely trailed by light commercial vehicles.
Automotive exhaust sensors will witness the highest demand for use in gasoline engines. However, growing penetration of diesel engines in developed nations has resulted into rapid adoption of automotive exhaust sensors for use in these engines recently. Automotive exhaust sensors are projected to register the fastest expansion for use in diesel engines through 2026, in terms of value. Although OEM remains the dominant sales channel for automotive exhaust sensors in terms of revenues, sales in aftermarket are poised to exhibit a relatively faster expansion through 2026.
Nature of the global automotive exhaust sensor market is highly competitive and fragmented on the back of the occupancy of numerous international and regional players worldwide. As international players are concentrating on the expansion of their geographical reach, regional vendors are finding it difficult in competing against them based on product cost, safety, and quality. Key players actively contributing to the market expansion include Sejong Industrial Co., Ltd., Harbin Airui Automotive Exhaust Systems Co. Ltd., Bosal International N.V., SANGO Co., Ltd., Yutaka Giken Co., Ltd., Futaba Industrial Co., Ltd., Benteler International AG, Friedrich Boysen GmbH & Co. KG, Eberspächer Group, Tenneco Inc., and Faurecia S.A.
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Table of Content:
1. Global Economic Outlook
2. Global Automotive Exhaust Sensor Market – Executive Summary
2.1. Opportunity Assessment
2.2. Mega Trends
3. Global Automotive Exhaust Sensor Market Overview
3.1.1. Global Automotive Exhaust Sensor Market Taxonomy
3.1.2. Global Automotive Exhaust Sensor Market Definition
3.2. Global Automotive Exhaust Sensor Market Size (US$ Mn), Volume (Units) and Forecast, 2012-2026
3.2.1. Global Automotive Exhaust Sensor Market Y-o-Y Growth
3.3. Parent Market Overview
3.4. Global Automotive Exhaust Sensor Market Dynamics
3.5. Supply Chain
3.6. PESTLE Analysis
4. Pricing Point Analysis
4.1. Price Point Assessment by Region
4.2. Price Point Assessment by Vehicle Type
4.3. Price Forecast till 2026
4.4. Factors Influencing Pricing
4.5. Value Chain Pricing Mark-ups
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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