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Global Automotive Exhaust Components Market sizes and predictions for growth
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Nowadays, modern diesel exhaust systems are being preferred as they reduce noise and increase vehicle’s fuel economy, power and durability. Moreover, increasing noise regulations in various countries are pressuring manufacturers to make fuel efficient vehicles. According to Directive 70/157/EEC (in Europe), for heavy duty truck engines with horse power 150 kW or more, the noise level should not exceed 80 dB(A), measured at 24.61 feet (7.5 m), for speeds of 31.07 mph (50 km/h). Similarly, in China, the noise levels cannot exceed 84 dB(A) for an engine of 150 Kw in case of trucks.
Automotive Exhaust Components Aftermarket: Dynamics
The growing government regulations coupled with mandates pertaining to fuel efficiency & emissions are expected to fuel the demand for global automotive exhaust components market. Moreover, major automakers are partnering with exhaust system manufacturers across the globe, which is further expected to upsurge the demand for automotive exhaust components market during the forecast period.
However, shifting focus towards electric vehicles is expected to hamper the growth of the market during the forecast period. Additionally, the high cost of automotive exhaust components may restrict the growth of the market.
Automotive Exhaust Components Aftermarket: Outlook/Trend
Nowadays, every OEM is mandated to face an emission test before their vehicle runs on road. Automotive exhaust components help a manufacturer in limiting exhaust emission from their vehicle. On the other hand, unburned harmful gases not only affect the health of the people but also increase the greenhouse effect. The demand for diesel cars is increasing in Western European countries. According to the EU report, in 2016, the market share of diesel vehicles was between 45% and 50% as compared to petrol vehicles. Therefore, the demand for automotive exhaust treatment components will be higher in Western Europe as compared to MEA and Eastern European countries. In APAC region, the demand for gasoline and gasoline-based vehicles is comparatively higher than European countries. Therefore, the demand for automotive exhaust components will capture more market share.
Factors such as the growing usage of advanced diesel after-treatment devices and GPF (gasoline particulate filter) with the advancement in Gdi engines will create a trending opportunity for automotive exhaust components manufacturers. Moreover, upcoming regulations in emerging economies and introduction of the RDE (real drive emission) test will also create opportunity for automotive exhaust components market.
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Automotive Exhaust Components Aftermarket: Segmentation
On the basis of component type, the automotive exhaust components aftermarket can be segmented into:
Manifold
Exhaust pipes and connector
Muffler
Clamps
Stack Pipe or Tail Spout
Manifold pipe and connector
Resonators
On the basis of material, the automotive exhaust components aftermarket can be segmented into:
Cast Iron
Stainless Steel
Mild Steel/ Carbon Steel
Titanium
Others
On the basis of vehicle type, the automotive exhaust components aftermarket can be segmented into:
Passenger Car
LCV
HCV
On the basis of fuel type, the automotive exhaust components aftermarket can be segmented into:
Gasoline
Petrol
Automotive Exhaust Components Aftermarket: Market Participants
Examples of some of the players operating in the automotive exhaust components market across the globe are mentioned below:
Futaba Industrial Co. Ltd.
Benteler International AG
Sango Co. Ltd.
Bosal International N.V.
Faurecia SA
Tenneco Inc.
Sejong Industrial Co., Ltd.
Eberspaecher Climate Control Systems GmbH & Co. Kg
Friedrich Boysen GmbH & Co. Kg.
Yutaka Giken Co. Ltd.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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