DUBLIN, July 7, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/q7gxq8/automotive) has announced the addition of the "Automotive Exhaust Systems Market by Geography, by Vehicle Type, by Fuel Type, by After-Treatment Device - Trends & Forecasts to 2019" report to their offering.
The global automotive exhaust systems market is estimated to grow at a CAGR of 6.7%, indicating promising growth in the industry.
The global automotive exhaust systems market can be classified based on mainly four segments geography (North America, Asia-Pacific, Europe and ROW), vehicle type (passenger cars, light-duty commercial vehicles (LCVs), and heavy-duty commercial vehicles (HCVs)), fuel type (gasoline and diesel), and after-treatment devices used (DPF, DOC, LNT, TWC and SCR). The growth in this industry has been on a constant rise due to the changing emission norms across the globe. To meet the rigorous environmental laws, the exhaust manufacturing companies are coming with new and improved technological advancements in the exhaust systems to comply with the emission norms.
The key factors driving the automotive exhaust systems market is the increasing vehicle production volume across the globe. Most of the major OEMs are expanding their markets in the countries with growing economies as they provide a good opportunity for them to increase their global sales as well as market share. The industry manufacturers also gain through this as the increasing vehicle production increases the demand for the exhaust systems needed to be fitted in the vehicles produced by the OEMs. Another major factor that drives the global market is the stricter emission norms being placed by different governments across the world. This gives an opportunity to the exhaust systems manufacturers as the demand for their technologically advanced after-treatment devices would increase, as the OEMs would require their vehicles to comply with the new emission guidelines imposed by the governments.
Growth in economy, availability of skilled labor, and new technologies are the other factors that are pushing the automotive exhaust systems industry to new heights in the major regions such as Asia-Pacific and North America. The availability of cheap labor in some parts of the region is also a plus point as it saves on the production cost for these companies and hence improves their profit margins. All these factors have put the exhaust systems industry globally on a promising growth track.
The major global market for the automotive exhaust systems is the Asia-Pacific region where the exhausts systems production is expected to reach 73,780.5 thousand units by 2019. This growth is mainly attributed to the growing economies such as China and India and also to the increasing production volume of automobiles by the OEMs in order to meet the growing demands from the consumers which in turn increased the production volume of exhaust systems.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Technical Overview
6 Automotive Exhaust Systems Market, By Vehicle Type
7 Automotive Exhaust Systems Market, By Fuel Type
8 Automotive Exhaust Systems Market, By Region
9 Automotive Exhaust Systems, By After-Treatment Devices
10 Competitive Landscape
11 Company Profiles
- Eberspächer GMBH & Co
- Friedrich Boysen GMBH & Co
- Futaba Industrial
- Sejong Industrial
- Yutaka Giken
For more information visit http://www.researchandmarkets.com/research/q7gxq8/automotive
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SOURCE Research and Markets