Global Automotive Exhaust Systems Market 2018 Top Key Players Friedrich Boysen, Faurecia, Tenneco, Eberspacher, Sango, Yutaka Giken, Sejong Industrial, Futaba Industrial, Benteler International

Market Overview:-

Automotive Exhaust Systems Market can be divided into downpipe, catalytic converter, tailpipe, sensor, manifold, and muffler. Catalytic converter is anticipated to exhibit the highest share in the industry. It can be attributed to the increased production of commercial and passenger vehicles across the globe. Huge investments from the industry on R&D activities for technological advancements to comply with new regulations will further escalate the segment’s growth over the forecast timeline.

Selective Catalytic Reduction (SCR) is another technology that has gained traction in the automotive exhaust systems market. It is a cost-reduction and fuel-efficient technology for emissions control. It reduces NOx level by 90%, Co & HC emissions by 50-90%, and PM emissions by 30-50%. Moreover, increasing usage of Gasoline Particulate Filter (GPF) and Diesel Particulate Filter (DPF) have opened growth opportunities for after treatment devices. Advent of Real Driving Emission (RDE) tests has also paved an opportunistic way for this industry. This test measures the NOx emissions from vehicles while driving and ensures low emissions over on-road conditions.

Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/1943   

The use of stainless steel in aftermarket automotive exhaust systems will result in enhanced efficiency and durability that lead to the better quality of the overall product. Industry players are also focusing on developing lightweight devices with advancements on field exhaust systems for the elimination of noise pollution. Advent of compact exhaust systems based on innovative anti-sound principle is anticipated to gain prominence in the industry. These systems will effectively enhance the vehicle’s fuel efficiency.

Top Key Players:-     

The key players of global Automotive Exhaust Systems Market are Friedrich Boysen GmbH, Faurecia, Tenneco, Eberspacher, Sango Co., Ltd., Yutaka Giken Co., Ltd., Sejong Industrial Co., Ltd., Futaba Industrial Co., Ltd., and Benteler International AG.

Regional Segmentations:-

Asia Pacific is expected to dominate the automotive exhaust systems market over the forecast time span owing to increased production of automobiles in emerging economies including China and India. China had a significant contribution of above 25% in automobile production in 2015. The presence of various OEMs will escalate the regional growth. Increasing demand in countries, such as South Korea and Japan, along with cheap labor and favorable working conditions will further fuel the industry growth in the region.

Europe and North America are likely to showcase a significant growth rate over the forecast time frame owing to stringent regulations regarding emissions.

Browse Full Report @ https://www.gminsights.com/industry-analysis/automotive-exhaust-systems-market

Based on the vehicle type, automotive exhaust systems market can be classified into light commercial vehicles, heavy commercial vehicles, and passenger vehicles. Passenger vehicles is anticipated to dominate the industry over the forecast timeline owing to rising demand for automobiles across the globe. Heavy commercial vehicles will grow at a significant rate owing to their heavy penetration in developed European countries.

By fuel type, the automotive exhaust systems market is segmented into gasoline and diesel. Gasoline is expected to dominate the industry owing to its advantages over diesel. Moreover, this growth is attributed to its excessive usage in passenger vehicles in countries such as the U.S., China, and Japan. Diesel will grow at an exponential rate due to its heavy utilization in heavy commercial vehicles. Increasing demand for these vehicles in developed countries in Europe will further fuel the segment growth over the forecast timeframe.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.