FORT WORTH, Texas, June 2, 2015 /PRNewswire/ --
The North America Exhaust System Market is expected to reach approximately $7,465.7 million by 2019, growing at a CAGR of 9.5% from 2014 to 2019.
Browse through the TOC of North America Exhaust System Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The North America exhaust system market is classified on the basis of vehicle type, fuel type, and country. The vehicle segment is further categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The fuel segment is segmented into diesel and gasoline turbochargers. Countries taken into consideration are the U.S., Mexico, and Canada.
As of 2014, the U.S. is estimated to hold the largest share in the North America exhaust system market, followed by Mexico. The gasoline exhaust system segment is estimated to account for the largest share in 2014, followed by the diesel exhaust system segment.
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Currently, Asia Pacific is the leader in terms of exhaust system production volume. It is followed by Europe and North America. Factors such as substantial demand for vehicles, stringent emission norms, and increasing penetration of diesel vehicles are driving the North America exhaust system market.
Alternately, factors such as the increasing penetration of electric vehicles are restricting the growth of this market. Nevertheless, increasingly stringent governmental norms regarding pollution offer growth opportunities for market players.
Tenneco Inc., Faurecia SA, and Eberspacher GmbH & Co. KG are the major players in the North America exhaust system market.
The Europe exhaust system market is estimated to grow at a CAGR of 6.5% from 2014 to 2019. Germany holds the largest market share in the Europe exhaust system market. France is expected to grow at the highest CAGR of 5.4% during the forecast period, followed by the U.K.
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