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Need for Efficient After-Treatment Devices to Significantly Affect the Demand of Exhaust Systems Market : Fact.MR

01-13-2022 09:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR has successfully collated a report on exhaust system market for the forecast period of 2017 to 2022. The report on exhaust system market offers historical data as well as forecast data for 2022, both in terms of value and volume.

This research study on exhaust systems market reveals the prevalent trends and key dynamics across regions including North America, Latin America, Europe, Japan, APEJ and Middle East & Africa. The report on exhaust systems market also elaborates on the study of current issues with consumers and upcoming opportunities for the exhaust systems market.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=35

The report offers actionable and valuable market insights of Gasoline Exhaust Systems. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Gasoline Exhaust Systems Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Gasoline Exhaust Systems market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Gasoline Exhaust Systems

This newly published and insightful report sheds light on Market Insights of Gasoline Exhaust Systems, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Gasoline Exhaust Systems Market.

Exhaust system is an important automotive component found in almost all modern vehicles. However, growing need for auto technologies that can address the issues of carbon emission and environmental degradation is likely to reflect on the automotive application of exhaust systems in the future. Fact.MR in its latest report reveals that the global market for exhaust systems will reach a valuation of US$ 57,504.6 Mn by 2022-end, registering steady CAGR during the forecast period (2017-2022). Factors such as growing consumer awareness and introduction of new regulatory guidelines are expected to impact the growth of the global exhaust system market over the next couple of years.

OEM – Top Sales Channel for Exhaust Systems
Based on sales channel, the OEM segment currently accounts for over 60% share of the market and this trend is likely to continue throughout the forecast period. In addition, the segment is expected to stand at US$ 37,722.8 Mn towards the end of 2022, expanding at 5% CAGR. As the overall auto industry undergoes massive transformation, OEMs will also need to adapt accordingly to leverage the available opportunities and avoid obsoleteness. Meanwhile, the aftermarket segment is expected to witness a relatively lower growth. By 2022-end, nearly US$ 19,781.8 Mn worth exhaust systems are estimated to be sold in the aftermarket.

By vehicle type, passenger car is projected to remain the most lucrative segment of the global exhaust systems market. Increased global demand for passenger cars is expected to support the growth of the market in 2017 and beyond. The LCV segment is expected to emerge as the second segment over 2022.

On the basis of fuel type, the diesel segment is projected to witness a relatively higher growth as compared to gasoline segment. By 2022-end, the diesel segment is expected to reach a market valuation of US$ 36,449.3 Mn. This is attribute to growing consumer preference for vehicles that run on diesel.

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=35

Additional Highlights of the Report
Asia Pacific excluding Japan (APEJ) to remain the largest market for exhaust system during the forecast period. The market in China remains highly fragmented with thousands of small players vying for a share in the pie. Moreover, some Chinese companies are aiming big and are now foraying into overseas markets.

Harbin Airui Automotive Exhaust System Co., Ltd., Eberspacher, Benteler International AG, Yutaka Giken Co., Ltd., Faurecia, Tenneco Inc., Sango Co., Ltd, Futaba Industrial Co., Ltd, Friedrich Boysen GmbH & Co. KG, and Sejong Industrial Co., Ltd. are some of the key players operating in the global market for exhaust system.

Many of the key market players are strongly emphasizing on development of innovating products that are technologically advanced and meet the regulatory and clients needs.
The growing trend of collaboration and strategic partnerships between carmakers and auto component suppliers is likely to govern the market during the forecast period.

Competitive Landscape
This competition landscape of exhaust systems market enunciates the competitive dynamics in terms of crucial parameters such as relative market foothold, product offerings and differential strategies adopted by the key players operating in the exhaust systems market.

Some of the key players operating in the exhaust systems market reported in this study include
Futaba Industrial Co. Ltd.
Faurecia
Tenneco Inc.Ltd.
Sejong Industrial Co. Ltd.
Sango Co. Ltd
Friedrich Boysen GmbH & Co. KG
Benteler International AG
Eberspacher
Yutaka Giken Co.

Faurecia, a leading player in the exhaust systems market, had emerged as the leader in emission control systems with acquisition of EMCON Technologies (formerly Arvin Industries) in 2009.

This strategic acquisition nourished the company’s position and also gave the company a route into niche commercial-vehicles market.

BENTELER Group, a key stakeholder of the exhaust systems market, is extensively focusing on internationalization to launch new sales markets, amplification of production volumes, and enhancement of earnings through better differentiation.

Eberspaecher, a key player in the exhaust systems market, formed a joint venture with China Yuchai International Limited. The aim of this collaboration was to manufacture and market new exhaust emission control systems for commercial vehicles.

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/35

Report Benefits & Key Questions Answered

Gasoline Exhaust Systems Company & brand share analysis: The report offers in-depth Gasoline Exhaust Systems brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Gasoline Exhaust Systems Historical volume analysis: The report offers a comparative analysis between historic sales of Gasoline Exhaust Systems and projected sales performance for 2021-2031
Gasoline Exhaust Systems Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Gasoline Exhaust Systems Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
Post COVID consumer spending on Gasoline Exhaust Systems: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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