(MENAFN- PR Newswire) Asia Pacific is expected to dominate the global exhaust market during the forecast period. The market dominance of Asia Pacific can be attributed to the growing production of vehicles. The increasing production volume of automobiles in recent years, combined with current emission regulations in countries like China (China VI) and India (BS-VI) and upcoming regulations like China VII and BS VII, is expected to fuel the growth of the exhaust system market in the Asia Pacific during the forecast period.
Request Sample Pages:
Exhaust System Market
Dynamics:
Drivers:
Increasing use of after-treatment device combination
Restraints:
Increasing Sales of Cleaner Vehicles
Opportunities:
Increasing demand for lightweight and efficient exhaust systems to reduce vehicle weight
Challenge:
Lack of uniformity in emission regulations across different regions
Key Market Players Exhaust System Industry :
Prominent players in the Exhaust System Market include Futaba Industrial Co., Ltd. (Japan), Sango Co. Ltd. (Japan), Yutaka Giken Company Limited (Japan), Sejong Industrial Co., Ltd. (South Korea), Hirotec Corporation (Japan), Sharada Motor Industries Limited (India), and Marelli Holdings Co. Ltd. (Japan).
The break-down of primary participants is as mentioned below:
By Company Type: Tier1 – 50%, Tier2–30%, and OEMs – 20%
By Designation: C-Level Executives - 30%, Director Level- 40%, and Others – 30%
By Region: North America –30%, Europe - 25%, Asia Pacific - 45%
Get 10% Free Customization on this Report:
Exhaust System Industry Recent Developments:
In January 2024, Continental AG revealed plans for a new hydraulic hose production plant in Mexico. The proposed investment is approximately USD 90 million, marking one of the company's significant investments in 2024. This upcoming facility will serve industrial purposes and is poised to enhance Continental's regional manufacturing capabilities. The plant is expected to create over 200 employment opportunities in its initial phase.
In November 2023, Eberspächer's facility, spanning over 7,000 square meters, will manufacture exhaust gas after-treatment systems for passenger cars and commercial vehicles intended for Chinese automotive brands. This encompasses hot-end systems comprising catalytic converters, particulate filters, and cold-end components such as mufflers and pipes.
In October 2023, Purem AAPICO, a joint venture between Eberspaecher and AAPICO Hitech, inaugurated its new facility in Rayong, Thailand. Situated 100 km southeast of Bangkok, the production site will manufacture exhaust systems for a pickup truck model of a prominent US automotive company.
Exhaust System Market
Size - Key Benefits of Buying the Report:
This report offers comprehensive analyses of market share and supply chains and detailed information on component manufacturers. It is designed to aid market leaders and new entrants by providing precise revenue estimates for the overall automotive exhaust systems market. Additionally, the report helps stakeholders understand the market dynamics, highlighting key drivers, restraints, challenges, and opportunities.
This report provides insights on:
Analysis of key drivers (Vehicle pollution leading to stringent emission and fuel economy rules and regulations, growing penetration of after-treatment devices in combination), restraints (Increasing sales of clean vehicles), opportunities (Lightweight and efficient emission system supplementing the vehicle weight reduction, Growing demand for gasoline particulate filter in GDI engine), and challenges (Different emission regulations in different regulations) are fueling the demand of the exhaust systems.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive exhaust systems market, such as the use of various kinds of metals in exhaust systems such as Titanium, stainless steel, etc.
Market Development: Comprehensive information about lucrative markets – the report analyses the automotive exhaust systems market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive exhaust systems market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the automotive exhaust systems market, such as Tenneco Inc.(US), Faurecia (France), Eberspächer (Germany), Continental AG (Germany), and Futaba Industrial Co. (Japan).
Related Reports:
Catalytic Converter Market - Global Forecast to 2025
Diesel Particulate Filter Market
- Global Forecast to 2025
Fluid Transfer System Market - Global Forecast to 2027
Construction Equipment Market - Global Forecast to 2030
Get access to the latest updates on Exhaust System Companies
and Exhaust System Industry Growth
About MarketsandMarketsTM:
MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes , as per their recent report.
MarketsandMarketsTM is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoreTM (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit TM or follow us on Twitter , LinkedIn and Facebook .
Contact:
Mr. Rohan Salgarkar
MarketsandMarketsTM INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website:
Logo:
SOURCE MarketsandMarkets
MENAFN04072024003732001241ID1108406056
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.