Press release
Soaring Demand and Advanced Technologies Fuel Growth in Global Automotive Engineering Services Market
Automotive Engineering Services Market
Get Inside the Global Boom in Automotive Exhaust Systems: Drivers, Key Players, Market Size, and Trends for the 2024-2029 Forecast Period
What Is The Projected Market Size Of The Global Automotive Exhaust Systems Market And Its Growth Rate?
The global automotive exhaust systems market has recently seen robust growth and is projected to expand further:
• Market size was valued at $42.3 billion in 2024.
• It is expected to grow to $44.8 billion by 2025, at a compound annual growth rate (CAGR) of 5.9%.
• The market growth during the historic period has been driven by regulatory emissions standards, consumer demand, vehicle production growth, fuel efficiency requirements, and noise pollution control.
• The market is forecasted to further increase to $59.68 billion by 2029, at a compound annual growth rate (CAGR) of 7.4%.
• This future growth can be attributed to factors such as the rise of electric and hybrid vehicles, lightweight materials, autonomous vehicles, aftermarket and retrofit market, hydrogen fuel cell vehicles, recycling and sustainability, and emissions reduction goals.
What Is Driving The Growth In The Automotive Exhaust Systems Market?
The surge in automobile production is fueling the market for automotive exhaust systems. Steady growth in disposable income in both developing and developed countries, alongside the growing demand for personal vehicles for daily commuting, has led to a hike in demand for automobiles worldwide. This upward trend in automobile demand is expected to further the usage of automotive exhaust systems, as they are a vital component in automobile manufacturing. For example, according to the European Automobile Manufacturers Association, automobile production around the world increased to a staggering 85.4 million units in 2022, a 5.7% increase compared to 2021. Thus, the escalating production of automobiles is anticipated to drive the demand for automotive exhaust systems over the next few years.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7220&type=smp
Who Are the Key Players Driving Automotive Exhaust Systems Market Growth?
The prominent players driving the growth of the automotive exhaust systems market include:
• Benteler International AG
• Continental AG
• Eberspacher Group
• Faurecia SE
• Friedrich Boysen GmbH & Co. KG
• Tenneco Inc.
• MagnaFlow
• Borla Performance Industries
• Bosal Industries Limited
• Sejong Industrial Co. Ltd.
What Are The Key Trends In The Automotive Exhaust Systems Market?
Key trends shaping the automotive exhaust systems market include:
• Emission reduction technologies
• Integration of sensors and electronics
• Advanced manufacturing techniques
• Collaborations and mergers
• Customization and aesthetics
• Advanced coating technologies
What Are The Segments Of The Global Automotive Exhaust Systems Market?
The global automotive exhaust systems market can be segmented by:
• Technology: Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), Other Technologies
• Vehicle Type: Passenger Cars, Light Commercial Vehicle, Truck and Bus
Which Region Leads The Automotive Exhaust Systems Market?
Asia-Pacific dominated the automotive exhaust systems market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Pre-Book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/automotive-exhaust-systems-global-market-report
What Is Covered In The Automotive Exhaust Systems Market Global Market Report?
Market Size Analysis: Analyze the Automotive Exhaust Systems Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Automotive Exhaust Systems Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Automotive Exhaust Systems Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Automotive Exhaust Systems Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Customize This Report To Meet Your Requirements: https://www.thebusinessresearchcompany.com/Customise?id=7220&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15,000+ reports spanning 27 industries across 60+ geographies, The Business Research Company has earned a reputation for providing comprehensive, data-rich research and insights. Leveraging 1,500,000 datasets, proficient secondary research and unique industry-leader inputs, it avails all the necessary information to maintain a competitive edge. Our flagship product, the Global Market Model is an all-encompassing market intelligence platform that provides extensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Demand and Advanced Technologies Fuel Growth in Global Automotive Engineering Services Market here
News-ID: 3810877 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
