Press release
Automotive Exhaust System Market Size to Hit USD 11.75 Billion by 2026
Vehicular emissions are one of the leading causes of air pollution around the world, making motor vehicles one of the largest contributors of carbon dioxide (CO2). According to the European Parliament, road transport is responsible for nearly 72% of the overall CO2 emissions in the European Union (EU) countries. Similarly, the US Environment Protection Agency (EPA) revealed that vehicles cause 75% of the total carbon monoxide pollution in the US, while transportation causes 27% of the greenhouse gas emissions in the country. This dire situation has generated an intense and desperate need to develop efficient exhaust systems in vehicles as it will not only benefit the environment, but also improve human health and advance the global economy.
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The automotive exhaust system market report states that the value of this market stood at USD 11.35 billion in 2018. Apart from this, the report provides the following information:
Thorough analysis of the current market trends and drivers;
In-depth research into the market restraints;
Detailed study of all the possible market segments; and
Comprehensive evaluation of the regional and competitive dynamics of the market.
Market Driver
Expanding Urban Areas to Bolster Vehicle Sales
The world economy is undergoing rapid transformation and an important indicator of this is the heightened pace at which urban agglomerations are expanding across the globe. For example, the UN's Department of Economic and Social Affairs (DESA) estimates that by 2050, around 68% of the global population will be living in urban areas, with Asia and Africa contributing to 90% of this growth.
Urban spaces are large swathes of land spread out in all directions, necessitating the use of vehicles to commute between places, particularly in the case of massive countries such as India, China, and Nigeria. As a result, the demand for all types of vehicles is meteorically rising in these countries, which is emerging as a major growth driver for this market.
Browse Detailed Summary of This Research Report with TOC: https://www.fortunebusinessinsights.com/automotive-exhaust-system-market-102535
Competitive Landscape
Rising Investment in Innovation by Players to Energize Competition
According to the automotive exhaust system market analysis, core players in this market are heavily investing in R&D to introduce innovative products in the market. This will enable them to diversify their portfolio, strengthen their market position, create new revenue outlets, and expand globally.
List of Key Companies Covered in the Automotive Exhaust System Market Report are:
BENTELER International
Yutaka Giken Company Limited
Sejong Industrial Co., Ltd.
Faurecia
Eberspacher
BOSAL
Tenneco Inc.
Continental AG
Regional Analysis
Rapid Urbanization to Boost the Market in Asia-Pacific
Among regions, Asia-Pacific is envisioned to dictate the automotive exhaust system market share during the forecast period mainly because of speedy urbanization in India and China. In addition to this, the region is experiencing robust economic growth and development, leading to rising disposable income and spiking the demand for automobiles.
Furthermore, many global players are setting up manufacturing plants in South and Southeast Asian countries owing to the availability of cheap labor, which is one of the leading automotive exhaust system market trends in the region. Hardening government regulations regarding emissions is expected to fuel the market in Europe, while in North America, rising adoption of advanced exhaust systems in vehicles to curb pollution will be the main growth propeller.
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Merger, Acquisitions, and Partnerships
Distributor Analysis - For Major Players
Growth and Penetration Analysis
Porter's Five Forces Analysis
PEST Analysis
Vendor Landscape
Global Automotive Exhaust System Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast - By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Market Analysis, Insights and Forecast - By Fuel Type
Gasoline
Diesel
Alternative Fuels (LPG, CNG, others)
5.4 Market Analysis, Insights and Forecast - By Component Type
Manifold
Connector
Exhaust Pipe
Muffler
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia pacific
Rest of the World
TOC Continued...!
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