Edison, NJ -- (SBWIRE) -- 04/09/2021 -- Global Vehicle Exhaust Systems Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.
Vehicle Exhaust Systems Market Definition:
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 The Vehicle Exhaust System has many uses, it was originally made to reduce the noise created by high pressure exhaust gases leaving the engine, slowly and gradually it has become a critical component of the vehicle.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.
Major Players in This Report Include,
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)
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Global Vehicle Exhaust Systems Market Report offers a detailed overview of this market and discusses the dominant factors affecting the growth of the market. The impact of Porter's five armies on the market over the next few years has been discussed for a long time in this study. We will also forecast global market size and market outlook over the next few years.
Types of Products, Applications and Global Vehicle Exhaust Systems Market Report Geographical Scope taken as the Main Parameter for Market Analysis. This Research Report Conducts an assessment of the industry chain supporting this market. It also provides accurate information on various aspects of this market, such as production capacity, available production capacity utilization, industrial policies affecting the manufacturing chain and market growth.
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
Market Trend
- Enhanced Focus on Selective Catalytic Reduction Technology and High-Flow Automotive Catalytic Converter
Market Drivers
- Increasing Automobile Sales
- Growth of Automotive Industry
- Reforms in Emission Regulations
Opportunities
- Sustainable and Improvised Technology Such as EU-7 Standard has Huge Potential to Grow both in OEM and After Market Segment
Restraints
- Launch of Electric Vehicles which does not require Exhaust Systems
Challenges
- Complying with Growing Emission Regulations
The Global Vehicle Exhaust Systems segments and Market Data Break Down are illuminated below:
by Type (Single Exit Pipe, Dual Rear Exit, Opposite Dual Exhaust, Dual Side Exhaust), Material (Steel, Stainless Steel, Others), Distribution Channel (Direct, Indirect), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others), Components (Manifold, Flex Pipe, Catalytic Converters, Isolators, Mufflers, Others)
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In this research study, the prime factors that are impelling the growth of the Global Vehicle Exhaust Systems market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Vehicle Exhaust Systems market study is being classified by Type, Applications and major geographies with country level break-up that includes 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).
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Vehicle Exhaust Systems market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
Key Market Features in Global Vehicle Exhaust Systems Market
The report highlights Vehicle Exhaust Systems market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Vehicle Exhaust Systems, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
Extracts from Table of Contents
Vehicle Exhaust Systems Market Research Report
Chapter 1 Vehicle Exhaust Systems Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
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