Scope of the Study
The auto exhaust system is defined as the exhaust system which is responsible for transportation the burned exhaust gases from the engine. It contains various components such as exhaust manifold, exhaust pipes, catalytic converter, muffler, and tailpipe. The demand for the auto exhaust system has increased, due to the increased demand for the automobile sector. For instance, For instance, according to a published by India Brand Equity Foundation (IBEF), India's automobile sector is the 7th largest in the world producing more than 2.6 million cars of the world’s 73 million cars produced. In addition, it was also found that India became the 4th largest exporter of automobiles followed by Japan, South Korea & Japan. Hence, the rising demand for the automobile sector will affect the growth of the market in the future.
The market study is being classified by Type (Single Exhaust System and Dual Exhaust System) and major geographies with country level break-up.
Faurecia (France), Tenneco (United States), The Eberspächer Group of Companies (Germany), Friedrich Boysen GmbH & Co. KG (Germany), SANGO CO., LTD. (Japan), Chongqing Hiter Automotive Exhaust Systems Co Ltd. (China), Yutaka Giken (Japan), Calsonic Kansei Corporation (Japan), Magneti Marelli S.p.A. (Italy), Benteler International AG (Germany), SEJONG INDUSTRIAL Co., Ltd. (Korea) and Futaba Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wanxiang Qianchao Co., Ltd. (China), Bosal International (Belgium), Harbin Airui emission control Technology Co., Ltd. (China) and Dinex A/S (Denmark).
Research Analyst at AMA predicts that Europe Vendors will contribute to the maximum growth of Global Auto Exhaust System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Auto Exhaust System market by Type, Application and Region.
On the basis of geography, the market of Auto Exhaust System 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Region-Wise Emission as well as Fuel Efficiency Targets
- The increasing number of commercial and Passenger Vehicle
- Technology Advancement regarding Auto Exhaust System
- Increasing Sales of Battery Electric Vehicles and Global Harmonization of Emission Regulations
- Growing Demand from Emerging Market such as China, India, Brazil, among others
- Issue related to High Cost of Lightweight Exhaust Components
In May 2018, A Chinese subsidiary of Sejong Industrial has announced to agreement with Changan Automobile for supplying mufflers worth more than USD 101.8 million to the Chinese automaker. Hence, it will affect the growth of market in future.
Key Target AudienceAuto Exhaust System Companies, Regulatory Bodies, Component Suppliers, Distributors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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