The exhaust system is a vital automotive component found in nearly all modern cars. However, the growing need for auto technologies that can address carbon emission and environmental degradation is likely to have an impact on the automotive use of exhaust systems in the future. Fact. According to MR’s most recent analysis, the global market for exhaust systems will be worth US$ 57,504.6 Mn by the end of 2022, with a steady CAGR during the projected period (2017-2022). Growing consumer awareness and the implementation of new regulatory rules are projected to have an impact on the growth of the global exhaust system market in the coming years.
The exhaust system market is expected to garner a market value of US$ 57.5 Bn in 2022, anticipated to register a positive CAGR of 5.9% in the forecast period 2022-2032 and reach a value of US$ 102 Bn.
For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=35
OEM – Top Sales Channel for Exhaust Systems
According to sales channel, the OEM segment presently holds more than 60% of the market, and this trend is expected to continue during the projection period. Furthermore, the segment is predicted to reach US$ 37,722.8 Mn by the end of 2022, expanding at a 5% CAGR. As the auto industry as a whole undergoes enormous transition, OEMs will need to adapt in order to capitalise on existing opportunities and avoid becoming outdated. Meanwhile, the aftermarket category is likely to develop at a slower rate. Exhaust systems worth almost US$ 19,781.8 million are expected to be sold in the aftermarket by the end of 2022.
Passenger cars are expected to be the most profitable segment of the global exhaust systems market. Increased global demand for passenger automobiles is predicted to drive market growth in 2017 and beyond. Over 2022, the LCV segment is predicted to emerge as the second segment.
In terms of fuel type, the diesel market is expected to increase at a faster rate than the gasoline segment. The diesel segment is predicted to achieve a market valuation of US$ 36,449.3 Mn by the end of 2022. This is due to an increasing consumer preference for diesel-powered vehicles.
Competitive Landscape
This exhaust systems market competition landscape enunciates the competitive dynamics in terms of critical characteristics such as relative market foothold, product offerings, and differential tactics employed by the leading competitors functioning in the exhaust systems market.
Some of the key players operating in the exhaust systems market reported in this study include
- Futaba Industrial Co. Ltd.
- Faurecia
- Tenneco Inc.Ltd.
- Sejong Industrial Co. Ltd.
- Sango Co. Ltd
- Friedrich Boysen GmbH & Co. KG
- Benteler International AG
- Eberspacher
- Yutaka Giken Co.
Reasons to choose Fact.MR:
- Extensive market research to provide A to Z information.
- Digital technology are being used to give clients with creative business solutions.
- Services are available around the clock.
- Interaction with suppliers, vendors, and service providers to gain a thorough understanding of the industry landscape.
- Reports that are adapted to the needs of the clients.
