Automotive Exhaust Systems Market to Witness US$ 36 Bn Opportunity by 2027-end, finds FMI
Product innovations and tapping into regional markets with the help of strategic alliances have generated substantial growth opportunities in the global automotive exhaust systems market
VALLEY COTTAGE, N.Y. , July 25, 2019 (GLOBE NEWSWIRE) -- A new research publication titled “Automotive Exhaust Systems Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights presents critical market acumen on developments, trends, key players, growth drivers and revenue forecasts across important regions. A detailed market segmentation is carried out that explores every angle of the global market for automotive exhaust systems.
Global Automotive Exhaust Systems Market: Segmental Outlook
The global automotive exhaust systems market is segmented on the basis of product type, sales channel, vehicle type, engine type and region.
In the product type category, the muffler segment is the largest with respect to market share. The catalytic converter segment is projected to grow at a significant rate during the forecast period owing to several advantages that the component offers – in terms of reduction in carbon emissions and air pollutants.
By sales channel, the aftermarket segment is expected to surpass the OEM segment in terms of growth rate. However, the OEM segment is likely to dominate the global market with a high market valuation.
In the vehicle type category, the passenger cars segment is highly lucrative and is estimated to reach a significant market value by the end of the year of assessment. This segment is the fastest growing and is projected to grow at a value CAGR of 4.2% throughout the period of forecast.
Download the Sample copy of Report with Table of Contents and Figures @ https://www.futuremarketinsights.com/reports/sample/rep-gb-706
By engine type, the gasoline engine segment is expected to dominate the global market with a high market value as well as high growth rate throughout the period of assessment.
Byregion, Asia Pacific excluding Japan (APEJ) is the most attractive market for the growth in adoption of automotive exhaust systems. The automotive exhaust systems market in this region is projected to grow at a noteworthy CAGR during the forecast period to reach a comparatively high market valuation by the end of 2027. The automotive exhaust systems market in MEA region is projected to grow at a rapid pace.
Global Automotive Exhaust Systems Market: Forecast Analysis
As per this research report, the global automotive exhaust systems market is expected to reach a market valuation of about US$ 36 Bn by the end of the year of assessment in 2027, from a value of just under US$ 25 Bn in 2017. The global market for automotive exhaust systems is expected to rise at a value CAGR of 3.9% throughout the period of assessment.
Preview Analysis of Automotive Exhaust Systems Market Segmented by (Product Type - Exhaust Manifold, Muffler, Catalytic Converter, Oxygen Sensor & Exhaust Pipes; Vehicle Type - Passenger Car, Light Commercial Vehicle & Heavy Commercial Vehicle; Engine Type - gasoline & diesel; Sales Channel - Original Equipment Manufacturer (OEM) & Aftermarket;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2027: https://www.futuremarketinsights.com/reports/automotive-exhaust-systems-market
Global Automotive Exhaust Systems Market: Factors Impacting Growth
Advancements in technology in material science, innovations in exhaust systems to reduce air pollutants, increasing demand for fuel efficient automobiles, use of enhanced technology in the automotive sector and increasing use of automation systems to produce proficient exhaust systems, increasing lifespan of used automobiles expected to boost aftermarket sales, and growing investment in research and development have contributed to the growth of the global automotive exhaust systems market. However, increasing adoption of electric vehicles, rising fuel prices, high Co2 emissions, high initial and repair cost of exhaust systems, bulky design of components of exhaust systems are major aspects hindering the growth of the global automotive exhaust systems market.
Buy this report @ https://www.futuremarketinsights.com/checkout/706
Global Automotive Exhaust Systems Market: Competition Tracking
The research report on the global automotive exhaust systems market covers in-depth analysis on the key players involved in the manufacturing of automotive exhaust systems. Players like Faurecia S.A.,Tenneco Inc., Eberspächer Group, Friedrich Boysen GmbH & Co. KG, Benteler International AG, Futaba Industrial Co., Ltd., Yutaka Giken Co., Ltd., SANGO Co., Ltd., Bosal International N.V., Harbin Airui Automotive Exhaust Systems Co. Ltd., and Sejong Industrial Co., Ltd., have been profiled in this study.
For more insights on the global automotive exhaust systems market, write in to Future Market Insights analysts at press@futuremarketinsights.com
Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-706
More from Automotive & Transportation Market Intelligence:
- Automotive Performance Tuning and Engine Remapping Services Adoption Analysis
- Airbag Sensors Market Analysis
- Aircraft Tube And Duct Assemblies Market Analysis
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Browse More Automotive & Transportation Market Intelligence
Contact Us
Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Automobile Industry: http://automobileindustry24.com/
Website: https:www.futuremarketinsights.com
EIN Presswire provides this news content "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 author above.
![](https://www.einpresswire.com/tracking/article.gif?t=2&a=41qI6Wv3ChfSwIEi&i=M0eqA1FmPpDyG1dv)