Global Automotive Exhaust Pipe Market Overview:
Automotive exhaust pipe is utilized for reducing and treating harmful gases emitted by the engine, besides reducing the noise of the vehicles. It is used to improve the performance of the vehicles and the proper functioning of the engine. The automotive exhaust pipe market has high growth prospects due to its demand for preservation of the environment and minimizes the high range sound system. Rising disposable income, increasing the number of commercial vehicles due to rapid urbanization in major metropolitan cities will augment the overall industry growth. According to EPA, motor vehicles collectively cause 75% of carbon monoxide pollution in the U.S. So the future for the automotive exhaust pipe looks promising. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the automobile industry. Some of the key players profiled in the study are United Envirotech (India), Evoqua Water Technologies (United States), Applied Membranes (United States), Toray (Japan), Koch (United States), GE (United States), Asahi Kasei (Japan), Mitsubishi Rayon (Japan) and Pentair (United States).
On the basis of geography, the market of Automotive Exhaust Pipe 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). North America region held largest market share in the year 2018. If we see Market by Distribution Channels, the sub-segment i.e. OEMs(Original Equipment Manufacturers) will boost the Automotive Exhaust Pipe market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Alternative Fuel Vehicles
- Increasing in the Sales of Passengerís Cars Leads to Boost the Market
- Value Oriented Customers
- Stiff Competition among Major Players
- High Cost Associated with Automotive Exhaust Pipe
- Lack of Research & Development for Automotive Exhaust Pipe
- Government Initiative towards Environment Pollution Boost the Market Growth
- Adoption of Hybrid Vehicles and Automotive Exhaust System
- Stiff Competition among Major Players
- Proper Recycling and Disposal Techniques Hamper the Market
Major Market Developments:
Mark Xtralife launched exhaust systems that consist of several components which including mufflers, end-cans and pipes for the automotive market in India. These products strengthen the product portfolio and offer a robust breadth of services.
In the Automotive Exhaust Pipe market, it has been observed that most of the manufacturing companies are providing innovative high corrosion resistance and high tensile strength pipe for the automotive exhaust system. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Automotive Exhaust Pipe Manufacturer, Automotive Exhaust Pipe Supplier, End User of Different Segments of Automotive Exhaust Pipe, R&D Institutions and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automotive Exhaust Pipe market on the basis of product [Original Pipe, Back Pressure Pipe, Half Back Pressure Pipe, Straight Pipe, Half Straight Pipe and Others] , application [Passenger Vehicle and Commercial Vehicle], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Exhaust Pipe market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Exhaust Pipe industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Exhaust Pipe market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.