Automotive Exhaust Systems Market Trends research and projections for 2017-2024: Global Market Insights Inc.

The Automotive Exhaust Systems Market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for Automotive Exhaust Systems industry targeted at helping in business decisions. Adoption of stringent norms and regulations, such as EPA10 and Euro6 by various governments, owing to increasing health issues by harmful emissions will drive the industry over the forecast timeframe. These regulations ensure the integration of enhanced exhaust systems in vehicles to reduce Particulate Matter (PM) and Nitrogen Oxide (NOx) emissions.

Shifting consumer preference toward electric vehicles will act as a restraint to the automotive exhaust systems market growth. Finding a cost-effective solution to regulate the internal temperatures for commercial vehicles is likely to pose a challenge for the industry participants. Excessive costs of lightweight components of these systems will further slowdown the industry growth.

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Industry players are also focusing on developing lightweight devices with advancements on field exhaust systems for the elimination of noise pollution. Advent of compact exhaust systems based on innovative anti-sound principle is anticipated to gain prominence in the industry. These systems will effectively enhance the vehicle’s fuel efficiency.

Selective Catalytic Reduction (SCR) is another technology that has gained traction in the automotive exhaust systems market. It is a cost-reduction and fuel-efficient technology for emissions control. It reduces NOx level by 90%, Co & HC emissions by 50-90%, and PM emissions by 30-50%. Moreover, increasing usage of Gasoline Particulate Filter (GPF) and Diesel Particulate Filter (DPF) have opened growth opportunities for after treatment devices.

By fuel type, the automotive exhaust systems market is segmented into gasoline and diesel. Gasoline is expected to dominate the industry owing to its advantages over diesel. Moreover, this growth is attributed to its excessive usage in passenger vehicles in countries such as the U.S., China, and Japan. Diesel will grow at an exponential rate due to its heavy utilization in heavy commercial vehicles.

Based on the component, automotive exhaust systems market can be divided into downpipe, catalytic converter, tailpipe, sensor, manifold, and muffler. Catalytic converter is anticipated to exhibit the highest share in the industry. It can be attributed to the increased production of commercial and passenger vehicles across the globe.

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Friedrich Boysen GmbH, Faurecia, Tenneco, Eberspacher, Sango Co., Ltd., Yutaka Giken Co., Ltd., Sejong Industrial Co., Ltd., Futaba Industrial Co., Ltd., and Benteler International AG. are a few players in automotive exhaust systems market. Industry participants focus on adopting strategies including business expansions and partnerships to gain a competitive edge in the industry. For instance, in July 2017, Faurecia extended its Clean Mobility partnership for emissions control with Components Group and Dongfeng Motor parts. In October 2016, Eberspacher established an exhaust technology factory in Romania to produce exhaust silencers and catalytic converters.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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