Global Market Insights, Inc. presents an extensive report on automotive exhaust systems market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.
Europe and North America automotive exhaust systems market are likely to showcase a significant growth rate over the forecast time frame owing to stringent regulations regarding emissions.
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Asia Pacific is expected to dominate the automotive exhaust systems market over the forecast time span owing to increased production of automobiles in emerging economies including China and India. China had a significant contribution of above 25% in automobile production in 2015. The presence of various OEMs will escalate the regional growth. Increasing demand in countries, such as South Korea and Japan, along with cheap labor and favorable working conditions will further fuel the industry growth in the region.
Selective Catalytic Reduction (SCR) is another technology that has gained traction in the automotive exhaust systems market. It is a cost-reduction and fuel-efficient technology for emissions control. It reduces NOx level by 90%, Co & HC emissions by 50-90%, and PM emissions by 30-50%. Moreover, increasing usage of Gasoline Particulate Filter (GPF) and Diesel Particulate Filter (DPF) have opened growth opportunities for after treatment devices. Advent of Real Driving Emission (RDE) tests has also paved an opportunistic way for this industry. This test measures the NOx emissions from vehicles while driving and ensures low emissions over on-road conditions.
Automotive exhaust systems market is segmented into gasoline and diesel. Gasoline is expected to dominate the industry owing to its advantages over diesel. Moreover, this growth is attributed to its excessive usage in passenger vehicles in countries such as the U.S., China, and Japan. Diesel will grow at an exponential rate due to its heavy utilization in heavy commercial vehicles. Increasing demand for these vehicles in developed countries in Europe will further fuel the segment growth over the forecast timeframe.
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By after treatment devices, the automotive exhaust systems market is classified into Diesel Oxidation Catalyst (DOC), Lean Nox Trap (LNT), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), and Gasoline Particulate Filters (GPF). GPF is anticipated to grow at the fastest rate owing to its heavy adoption due to the latest emission regulations. Its implementation is necessary for controlling PM emission levels from the vehicles.
Based on the component, automotive exhaust systems market can be divided into downpipe, catalytic converter, tailpipe, sensor, manifold, and muffler. Catalytic converter is anticipated to exhibit the highest share in the industry. It can be attributed to the increased production of commercial and passenger vehicles across the globe. Huge investments from the industry on R&D activities for technological advancements to comply with new regulations will further escalate the segment’s growth over the forecast timeline.
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Automotive exhaust systems market key players include Friedrich Boysen GmbH, Faurecia, Tenneco, Eberspacher, Sango Co., Ltd., Yutaka Giken Co., Ltd., Sejong Industrial Co., Ltd., Futaba Industrial Co., Ltd., and Benteler International AG. are a few players in automotive exhaust systems market. Industry participants focus on adopting strategies including business expansions and partnerships to gain a competitive edge in the industry.