Automotive exhaust is a key constituent of the automobiles today. In most of the cases it is used for liberating the automobile exhaust gases from an inner combustion engine. It consists of catalytic converter, which aids easy the gases & different parts. It consists of one or greater exhaust pipes, which relies upon on the general gadget design. The exhaust gadgets are cautiously designed for collecting the exhaust gases or the noxious gases from the cylinders that gets rid over dangerous substances, decreasing the extent of noise and discharges the filtered exhaust gases at the right factor of the vehicle away from the occupants.
According to study, “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”. Some of the key companies operating in the market are Tenneco Inc., Catar, Sejong Industrial Co., Ltd. Faurecia SA, SANGO Co. Ltd., HITER, Wanxiang, Yutaka Giken Co. Ltd., Benteler International AG, Airui, Benteler International AG., Friedrich Boysen GmbH & Co. Kg., Eberspacher GmbH & Co. Kg, Bosal International NV., Boysen, Futaba Industrial Co. Ltd., Rise in acquisitions and joint ventures with global as well as local players have further presented the potential growth opportunities for the automotive exhaust systems. The rise in standards and protocols have also led to increase in competition in the market.
Market by type is segmented as automotive exhaust system market is segmented into single exhaust system and dual exhaust system. The component type, market is segmented into catalyst converter, downpipe, manifold, tailpipe, muffler and others. The after treatment device, market is segmented into Lean NOx Trap (LNT), Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF). Based on fuel type, market is segmented into gasoline and diesel. Market by vehicle type, is categorized as Passenger Cars and Commercial Vehicles.
The automotive exhaust system market is driven by rapid growth of the automotive industry, accompanied through upward push in disposable profits of consumers, growth in infrastructure & different business projects, emergence of car companies, growth in purchaser awareness, boom in for demand associated to automobiles, rise in incorporation of catalytic converters and upward push the demand of the effective & unobtrusive catalytic converter units. However, transferring purchaser choice in the direction of electric powered automobiles and excessive fee of light-weight exhaust additives may impact the market growth.
Based on geography, market is analyzed across North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa. The key countries registering the demand over various regions include China, Japan countries with significant share in the global automotive exhaust system market. EU & North American region are expected to register a substantial growth rate owing to strict emission protocols related to emissions. The overall market is expected register a CAGR growth of 4.6% over the forecast period.
For More Information, Click on the Link Below:-
Ankur Gupta, Head Marketing & Communications