Research Nester published a report titled “Automotive Exhaust System Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive exhaust system market in terms of market segmentation by product type, fuel type, vehicle type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive exhaust system market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2023-2033. The market is segmented by fuel type into diesel, gasoline, and alternate fuels. Out of these segments, the gasoline segment is anticipated to garner the largest market share over the forecast period, owing to the increasing registration of vehicles having gas powertrain. In addition, increasing gasoline vehicles among commercial transportation business is also expected to boost the growth of the segment in the coming years.
The global Automotive Exhaust System Market is estimated to garner a revenue of 195 billion by the end of 2033, backed by the increasing number of diesel-powered cars worldwide. Various features provided by automotive exhaust including system removal of harmful substances, and reduction in the level of noise are also projected to boost sales of these tools in the coming years. Moreover, the stringent Environment Protection Rules 1986 (EPR) norms as well as increasing passenger vehicle emission is also projected to propel the growth of the market during the forecast period.
Geographically, the global automotive exhaust system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the rising concern of growing incidences owing to air pollution. Apart from this, the market in Europe is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Share of Transportation in Greenhouse Gas Emission to Drive the Market Growth
According to the data, transport sector accounted for about 25% of greenhouse gas emissions in 2020.
The GHG emission by transport sector is expected to accelerate the market growth in the coming years, as GHG traps and hold heat in the atmosphere which ultimately leads to global warming. Moreover, the increasing technological advancements as well as the urban traffic are also expected to drive the growth of the global automotive exhaust system market during the forecast period.
However, stringent government emission norms & exhaust system policy along with surge in the demand of electric vehicles are expected to operate as key restraints to the growth of global automotive exhaust system market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global automotive exhaust system market which includes company profiling of Benteler International AG, Tenneco Incorporated, Marelli Holdings Co., Ltd., Faurecia, Eberspächer Gruppe GmbH & Co. KG, Friedrich Boysen GmbH & Co. KG, Futaba Industrial Co., Ltd., Sejong Industral Co., Ltd., Bosal Emission Control Systems, Yutaka Giken Co., Ltd., Denso Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global automotive exhaust system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.