Automotive Exhaust System Market Growth in Business Future Scenarios and Brief Analysis of Top Key Player

Allied Market Research recently published a report, titled, "Automotive Exhaust System Market by Technology (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective catalytic reduction (SCR), Exhaust gas recirculation (EGR), Gasoline Particulate Filter (GPF), and Others), Fuel Type (Gasoline and Diesel) and Vehicle Type (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global automotive exhaust system industry accounted for $77.32 billion in 2018 and is anticipated to reach $130.16 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.

Request Sample Report at https://www.alliedmarketresearch.com/request-sample/6282

Chief reasons for market fluctuations

Stringent government regulations for emission control, rise in automobile production, and adoption of nanotechnology in catalytic converters drive the growth of the global automotive exhaust system market. However, growing electric vehicle production and the high cost of automotive catalysts hamper the market growth. On the contrary, innovations in automotive catalysts and government initiatives in developing nations for emission reduction are expected to create lucrative opportunities in the industry.

The gasoline particulate filter (GPF) segment dominated the market

Based on technology, the gasoline particulate filter (GPF) segment held the largest share in 2018, contributing to more than three-fifths of the global automotive exhaust system market. This is attributed to an increase in demand for gasoline vehicles in the developing countries and imposement of regulations. However, the selective catalytic reduction (SCR) segment is expected to register the fastest CAGR of 12.0% during the forecast period, owing to the increase in the stringency toward tailpipe emission and stringent stricter emission control regulations such as EURO VI.

For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6282

The diesel segment to portray fastest growth by 2026

Based on fuel type, the diesel segment is expected to register the fastest CAGR of 7.9% during the forecast period. This is attributed to government initiatives to encourage the use of public transport. However, the gasoline segment dominated the global automotive exhaust system market in 2018, accounting for more than three-fourths of the market. The rise in adoption of passenger cars and light commercial vehicles, powered by gasoline in developed countries, is expected to drive the growth of the segment.

Asia-Pacific to lead throughout the forecast period

The market across Asia-Pacific held the largest share in 2018, accounting for more than half of the market. The region is expected to maintain its dominance throughout the forecast period, supported by a CAGR of 7.7%. The rise in population and increase in demand for automobiles drive growth in the region. On the other hand, North America is anticipated to register a CAGR of 5.4% during the forecast period.

Get More Information on this Report @ https://prn.to/2uqaZvT

Major market players

* Umicore
* Johnson Matthey
* Tenneco Inc
* BOSAL
* BASF SE
* BENTELER International
* Eberspcher
* Sejong Industrial Co., Ltd
* Klarius Products Ltd
* Faurecia

Similar Reports:

Air Suspension Market
https://www.alliedmarketresearch.com/air-suspension-market

Automotive Catalyst Market
https://www.alliedmarketresearch.com/automotive-catalyst-market

Turbocharger Market
https://www.alliedmarketresearch.com/turbocharger-market

Automotive Motors Market
https://www.alliedmarketresearch.com/automotive-motors-market

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.