Global automotive exhaust system market- Key Players Faurecia SA, Tenneco Inc., Futaba Industrial Co. Ltd., Benteler International AG, and Eberspächer GmbH & Co

Global automotive exhaust system market has been witnessing growth, owing to high demand for commercial vehicles. The automotive exhaust system is a piping system used for carrying waste gases and combustible product away from the engine. Owing to environmental issues like global warming & greenhouse emissions, this market is expected to grow in the future. Harmful exhaust gases cause environmental problems. To minimize this problem, the government has laid stringent emission rules to keep the environment safe and free from such harmful gases. Automotive exhaust system manufacturers have invested largely in research and development activities to meet the government rules. Moreover, the hybrid technology is growing, as it is a cost-effective alternative to reduce emission. This market depends on many considerations such as the demand for vehicles, vehicle performance, and government regulations.

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Based on vehicle type, the market has been segmented into light commercial vehicle, heavy commercial vehicle, and a passenger vehicle. The passenger vehicle type segment is expected to account for the highest market share due to the high production and sales volume of passenger vehicles. The global automotive exhaust system market is expected to grow rapidly in the Asia Pacific due to high automobile production and the presence of emerging economies such as India, China, and Japan. Moreover, automotive production is increasing due to factors such as conducive working circumstances and low-cost labor, which is attracting OEMs. This market is expected to grow in the European and North American regions due to stringent emission regulations.
The upcoming report from Quince Market Insights focuses on these key impact factors influencing the market, along with identifying major segments and companies operating in the market. The study is designed to provide a holistic view with a broad scope covering every possible segment influencing the demand for automotive exhaust system market.

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Market Segmentation:

By Vehicle Type:

• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle

By Component Type:

• Manifold
• Connector
• Exhaust Pipes & Elbows
• Muffler
• Stack Pipe Or Tail Spout

By Fuel Type:

• Diesel
• Gasoline

By After Treatment Device:

• Diesel Oxidation Catalyst (DOC)
• Diesel Particulate Filter (DPF)
• Lean Nox Trap (LNT)
• Selective Catalytic Reduction (SCR)

This upcoming study will be published shortly with a focus on key stakeholders in the market. Regions covered in the study include North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

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Major Companies Operating in the Market:

• Faurecia SA
• Tenneco Inc.
• Futaba Industrial Co. Ltd.
• Benteler International AG
• Eberspächer GmbH & Co.

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About Quince Market Insights:

Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments pertaining to market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.

This release was published on openPR.