Automotive Exhaust Systems Market: Global Industry Analysis and Opportunity Assessment 2015-2025
Automotive exhaust system is a piping system designed to guide reaction exhaust gases away from combustion taking place inside an automotive engine. The main function of the exhaust system is to eject burned gases to the rear of the vehicle and to reduce the sound of engine combustion. Key necessity of modern automotive exhaust systems is to reduce noise and increase a vehicles fuel economy, power and overall efficiency. To meet exhaust release standards such as Euro 6, exhaust system market is expected to witness an improved performance in engine horsepower and torque which is expected to drive automotive exhaust systems market in future.
Automotive Exhaust Systems Market: Drivers & Restraints
People today are aware of the environmental problems caused by harmful exhaust gases, and as a result the government has introduced stricter emission norms to keep the environment clean and free from such harmful gases. In order to meet the guidelines laid down by the government, the automotive exhaust systems manufacturers have invested largely in creation of more efficient exhaust systems and this has been one of the key drivers for automotive exhaust systems market. Automotive exhaust systems are one of the frequent contributors to high noise level and poses a challenge for exhaust system manufacturers to produce efficient and noise free exhaust systems.
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Automotive Exhaust Systems Market: Segmentation
On the basis of vehicle type, the global automotive exhaust systems market is segmented into,
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
On the basis of fuel type, the global automotive exhaust systems market is segmented into
On the basis of component type, the global automotive exhaust systems market is segmented into
Exhaust pipes and elbows
Stack pipe or tail spout
On the basis of after treatment device, the global automotive exhaust systems market is segmented into
Diesel Oxidation Catalyst (DOC)
Diesel Particulate Filter (DPF)
Lean Nox Trap (LNT)
Selective Catalytic Reduction (SCR)
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On the basis of channel type, the global automotive exhaust systems market is segmented into
Global Automotive Exhaust Systems Market: Region-wise Outlook
In terms of geography, the global automotive exhaust systems market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan.Global automotive exhaust system market is expected to witness high growth in APAC followed by Eastern Europe and North America. With high automobile production, APAC is expected to witness significant growth, especially in emerging economies such as China and India. Favourable working conditions along with cheap labour are major factors which encourage OEMs to set up manufacturing plants in APAC. Rising demand in countries such as Japan and South Korea are also fuelling the global automotive exhaust system market. Global automotive exhaust system market is expected to expand at a steady CAGR of 6% to 8% during the forecast period.
Automotive Exhaust Systems Market: Key Players
Some of the market participants in the global automotive exhaust systems market are Benteler International, Eberspacher, Faurecia, Futaba Industrial, Chongqing Height Automobile Exhaust System, Harbin Airui Automotive Exhaust System, Futaba Industrial Company ltd.
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