Automotive Exhaust System Market by Technology (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective catalytic reduction (SCR), Exhaust gas recirculation (EGR), Gasoline Particulate Filter (GPF), and Others), Fuel Type (Gasoline and Diesel) and Vehicle Type (Passenger Cars and Commercial Vehicles): Global Opportunity Analysis and Industry Forecast, 2019-2026
The Global Automotive Exhaust System Market is expected to grow at a CAGR of 6.7% during the forecast period 2019-2026. As per the analysis, the global industry was valued at $77.32 billion in the year 2018, and is predicted to reach $130.16 billion by the end of the year 2026.
Automotive Exhaust System is important part of automobiles, it discharges the purified exhaust gases, reduces the level of noise, removes harmful substances and collects the exhaust gases from the cylinders. The exhaust system can transport the burned exhaust gases from engine through the tail pipe.
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The Global Automotive Exhaust System Market is driven by various growth factors such as adoption of nanotechnology in catalytic converters, growth in automobile production and stringent rules and regulations for emission control. However, high cost of automotive catalysts and increasing demand of electric vehicle will hamper the market growth for the mid-term. Nevertheless, supportive government initiatives for emission control and innovations in automotive catalysts are some opportunistic factors that will boost the market growth in the long-term.
Segmentation Overview of the Global Automotive Exhaust System Market
The global automotive exhaust system market is segmented on the basis of Technology, Fuel Type and Vehicle Type. These market segments are further categorized into various sub-segments to get detailed insights about the market.
The Technology Segment of the Global Automotive Exhaust System Market is Sub-Segmented into:
- Gasoline Particulate Filter (GPF)
- Exhaust gas recirculation (EGR)
- Selective catalytic reduction (SCR)
- Diesel Particulate Filter (DPF)
- Diesel Oxidation Catalyst (DOC)
The Fuel Type Segment of the Global Automotive Exhaust System Market is Sub-Segmented into:
The Vehicle Type Segment of the Global Automotive Exhaust System Market is Sub-Segmented into:
- Commercial Vehicles
- Passenger Cars
Geographical Segmentation of the Automotive Exhaust System Industry
On the basis of geographical segmentation, the automotive exhaust system market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Turkey, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, ASEAN and rest of Asia-pacific), and LAMEA (Latin America, the Middle East, and Africa).
As per the analysis, the Asia-Pacific accounted to hold the largest market share in the year 2018 and expected to hold the dominant market position during the forecast period. The regional dominance is due to high population base and growth of automobile sector in the region. As per the India Brand Equity Foundation, in the year 2018, India recorded the position of 4th largest auto market with growth in sales of 8.3% Y-O-Y. The country is the 7th largest commercial vehicle manufacturer and also holds the prominent position as auto exporter, overall the automobile exports increased by 14.50% during FY19.
The North America is expected to grow at fastest CAGR during the forecast period, owing to rapid technological adoption in the region and presence of majority of key players in the region.
Key Players Insight
Faurecia, Klarius Products Ltd., Sejong Industrial Co., Ltd., BOSAL, BENTELER International, Umicore, Eberspacher, Tenneco Inc., BASF SE and Johnson Matthey are some major players included in the research study of the Global Automotive Exhaust System Market. The market players are adopting various competitive strategies to withhold majority of market share. Product launches, technological advancements, business expansion, collaboration, partnership and some other are some key strategies adopted by the companies for strong market presence.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Automotive Exhaust System Market, By Technology
Chapter 5: Automotive Exhaust System Market, By Fuel Type
Chapter 6: Automotive Exhaust System Market, By Vehicle Type
Chapter 7: Automotive Exhaust System Market, By Region
Chapter 8: Company Profiles
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