DALLAS, June 18, 2015 /PRNewswire/ --
The report "Automotive Exhaust Systems Market by After-Treatment Device (DPF, DOC, LNT, & SCR), Components (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler & Tailpipe), Fuel Type (Gasoline & Diesel) and by Region - Trends & Forecast to 2020", The Automotive Exhaust System Market size is projected to grow at a promising CAGR of 7.07% during the forecast period, to reach $28.6 Billion by 2020.
Browse 87 market data Tables and 65 Figures spread through 200 Pages and in-depth TOC on "Automotive Exhaust Systems Market"
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The market report defines and classifies the Automotive Exhaust Systems Market in terms of volume and value. The report projects the potential growth and covers the drivers, restraints, opportunities, dynamics, competitive landscape, and other key aspects of the Automotive Exhaust Systems Market. It also includes profiles of key players operating in the market.
Asia- Oceania: fastest-growing market for automotive exhaust systems
The Asia-Oceania region has emerged as the leader in global vehicle production, and also a leader in manufacturing automotive exhaust systems. China had been the world's largest automobile market from the past couple of years. This can be attributed mainly to major OEMs setting up manufacturing plants in this region, not only because it offers favorable work conditions and cheap work force, but also as it provides a positive future for the automobile market. Growing economies of countries such as India, China, Indonesia, and Thailand are reasons that this region is able to maintain its leadership position in the market across globe.
Companies such as Sango Industrial Co Ltd and Futaba Industrial Co Ltd both have headquarters in Japan and are the leading manufacturers of exhaust systems. These have also fueled growth of this market on a global scale.
After-treatment devices - a market with major opportunities
The after-treatment devices used for the treatment of diesel exhaust gases offer major growth opportunities for all the exhaust systems manufacturing companies. The latest emission norms have lowered the allowed emissions limit from a vehicle, which has in turn, boosted these after-treatment devices, as they help OEMs comply with these emission norms. Nowadays, after-treatment devices are not only limited to diesel engines, but some of the modern gasoline propelled vehicles also incorporate these devices. Gasoline particulate filter (GPF) is a technology developed to reduce particulate matter content in exhaust gases; the reason being direct injection in gasoline engines creates more particulate matter than multi-port fuel injection system.
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