Automotive exhaust is a key
constituent of the automobiles today. In most of the cases it is used for
liberating the automobile exhaust gases from an inner combustion engine. It
consists of catalytic converter, which aids easy the gases & different parts.
It consists of one or greater exhaust pipes, which relies upon on the general
gadget design. The exhaust gadgets are cautiously designed for collecting the
exhaust gases or the noxious gases from the cylinders that gets rid over
dangerous substances, decreasing the extent of noise and discharges the
filtered exhaust gases at the right factor of the vehicle away from the
occupants.
According to study, “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”. Some
of the key companies operating in the market are Tenneco Inc., Catar, Sejong
Industrial Co., Ltd. Faurecia SA, SANGO Co. Ltd., HITER, Wanxiang, Yutaka Giken
Co. Ltd., Benteler International AG, Airui, Benteler International AG.,
Friedrich Boysen GmbH & Co. Kg., Eberspacher GmbH & Co. Kg, Bosal
International NV., Boysen, Futaba Industrial Co. Ltd., Rise in acquisitions and
joint ventures with global as well as local players have further presented the
potential growth opportunities for the automotive exhaust systems. The rise in
standards and protocols have also led to increase in competition in the
market.
Market by type is segmented as
automotive exhaust system market is segmented into single exhaust system and
dual exhaust system. The component type, market is segmented into catalyst
converter, downpipe, manifold, tailpipe, muffler and others. The after
treatment device, market is segmented into Lean NOx Trap (LNT), Diesel
Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR) and Diesel
Particulate Filter (DPF). Based on fuel type, market is segmented into gasoline
and diesel. Market by vehicle type, is categorized as Passenger Cars and
Commercial Vehicles.
The automotive exhaust system
market is driven by rapid growth of the automotive industry, accompanied
through upward push in disposable profits of consumers, growth in
infrastructure & different business projects, emergence of car companies,
growth in purchaser awareness, boom in for demand associated to automobiles,
rise in incorporation of catalytic converters and upward push the demand of the
effective & unobtrusive catalytic converter units. However, transferring
purchaser choice in the direction of electric powered automobiles and excessive
fee of light-weight exhaust additives may impact the market growth.
Based on geography, market is
analyzed across North America, Europe, Asia-Pacific, and Latin America and
Middle East & Africa. The key countries registering the demand over various
regions include China, Japan countries with significant share in the global
automotive exhaust system market. EU & North American region are expected
to register a substantial growth rate owing to strict emission protocols
related to emissions. The overall market is expected register a CAGR growth of
4.6% over the forecast period.
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