Vehicle Exhaust Systems Market Scope
Vehicle Exhaust Systems is set of equipment which is combined to extract exhaust and harmful gases from the cylinder of the vehicle and throw them out. The Vehicle Exhaust System has many uses, it was originally made to reduce the noise created by high pressure exhaust gases leaving the engine, slowly and gradually it has become a critical component of the vehicle. Another important function of this systems is to reduce the vibration levels in the vehicle. With rising stringent emission regulations the role of exhaust systems in vehicle becomes ever important. For the proper working of the exhaust systems, customers and automotive companies demand high durability exhaust systems. Although another external factor which may act as a hindrance in the growth of vehicle exhaust system is the emergence of electric vehicle which emit zero emissions. Although complying with new emission regulations like EU 7 standard presents great potential for the growth of the market. Geographically, Asia Pacific is the biggest market fuelled by Growing Per Capita Income, Large Population and thus growing Automobile Sale especially in India and China.
The Vehicle Exhaust Systems market study is segmented by Type (Single Exit Pipe, Dual Rear Exit, Opposite Dual Exhaust and Dual Side Exhaust) and major geographies with country level break-up.
Benteler International AG (Austria), Eberspächer GmbH & Co. Kg. (Germany), Faurecia SA (France), Sango Co. Ltd. (Japan), Tenneco Inc. (United States), Futaba Industrial Co. Ltd. (Japan), Yutaka Giken Co. Ltd. (Japan), Friedrich Boysen GmbH & Co. Kg. (Germany), Bosal International NV (Belgium) and Sejong Industrial Co., Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are AP Emissions Technologies (United States), Harbin Airui Automotive Exhaust System (China) and Munjal Auto Industries Ltd. (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Vehicle Exhaust Systems market by Type, Application and Region.
On the basis of geography, the market of Vehicle Exhaust Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2020, APACE Holding Company, LLC announced that it has acquired APC Automotive Technologies, LLC’s emission and exhaust business under the name of AP Emissions Technologies. The acquisition will enable AP Emissions Technologies to further strengthen and innovate in its exhaust and emission solutions.
In 2020, Benteler International AG, Germany based market leader in automotive technology such as exhaust systems announced launch of new EU-7 standard compliant exhaust solutions which comprised of new electrically heated catalytic converters.
European Union Chartered European Emission Standards Plan Rolling out Euro 7 Standard from 2025, Under which New vehicles will be allowed to emit 30 mg NOx per km to 10 mg per km
- Enhanced Focus on Selective Catalytic Reduction Technology and High-Flow Automotive Catalytic Converter
- Increasing Automobile Sales
- Growth of Automotive Industry
- Reforms in Emission Regulations
- Sustainable and Improvised Technology Such as EU-7 Standard has Huge Potential to Grow both in OEM and After Market Segment
- Launch of Electric Vehicles which does not require Exhaust Systems
- Complying with Growing Emission Regulations
Key Target Audience
Vehicle Exhaust Systems Manufacturers, Suppliers and Distributors, Component Suppliers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.2. How big is the Vehicle Exhaust Systems Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.