The global automotive exhaust systems market is estimated to grow at a CAGR of 6.7%, indicating promising growth in the industry.
Dallas, TX -- (SBWIRE) -- 07/16/2014 -- The report, "Automotive Exhaust Systems Market by Geography (Asia-Pacific, North America, Europe, & ROW), by Vehicle Type (Passenger Cars, LCVs, & HCVs), by Fuel Type (Gasoline & Diesel), by After-Treatment Device (DPF, DOC, SCR, TWC, & NOx Adsorber) - Trends & Forecasts to 2019", defines and segments the global automotive exhaust systems industry with an analysis of major countries in all the regions, and estimates their exhaust systems market.
Browse more than 114 market data tables with 36 figures spread through 250 pages and in-depth TOC on "Automotive Exhaust Systems Market - Trends & Forecasts to 2019".
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The major global market for the automotive exhaust systems is the Asia-Pacific region where the exhausts systems production is expected to reach 73,780.5 thousand units by 2019.
After-treatment devices–The major opportunistic market
The after-treatment devices used for the treatment of diesel exhaust gases pose as the major opportunistic market for all the exhaust systems manufacturing companies. The new and stricter emission norms have lowered the allowed emissions limit from a vehicle which has in turn given a boost to these after-treatment devices as they help the OEMs to comply with these emission norms. Also since the vehicles produced have been on a rise in all the major regions, the requirement for the after-treatment devices have also been increasing.
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Asia-Pacific–The leader in automotive exhaust market
The Asia-Pacific region is not only the leader in global vehicle production, but also a leader in the automotive exhaust systems manufacturing. This can be owed mainly to the major OEMs setting up their manufacturing plants in this region not only because it offers favorable work conditions and cheap work force but also as it provides a positive future for the automobile market. Growing economies of countries like China and India are reasons that this region is able to maintain its leadership position in the market across the globe. Other countries such as Japan and South Korea are the leading manufacturers of exhaust systems in this region which have also fueled the growth of this market on a global scale.
The key global automotive exhausts systems market manufactures are Tenneco (U.S.), Sango (Japan), Faurecia (France), Eberspacher (Germany), and Futaba (Japan). These companies collectively constitute the major share in the global market. However, the demand for the exhaust systems is highly dependent on the rise in vehicle production and the changing emission norms imposed by governments of different countries.
This report covers the market for automotive exhaust systems market based on vehicle type (passenger cars, LCVs, and HCVs); fuel type (gasoline and diesel); and by after-treatment devices (DPF, DOC, LNT, TWC, and SCR). The market size is arrived at with focus on the major regions such as Asia-Pacific, North America, Europe, and ROW, with qualitative insights for the markets. All the market estimates given are in terms of value (thousand units).
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