Automotive Exhaust Systems Market: Global Analysis, Trends, Forecast up to 2026
Category: #Technology  By Partha Ray  Date: 2020-05-19
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Automotive Exhaust Systems Market: Global Analysis, Trends, Forecast up to 2026

An in-depth understanding of the automotive exhaust systems market has been provided in this research study. The report analyses the automotive exhaust systems industry in terms of numerous parameters, such as growth drivers influencing the commercialization graph of this business space, industry insights, global trends characterizing the industry, and market segmentation.

The automotive exhaust systems market research report also includes information subject to the companies in automotive exhaust systems industry as well as a gist of the regulatory landscape governing the business.

Selective Catalytic Reduction (SCR) is another technology that has gained traction in the automotive exhaust systems market. It is a cost-reduction and fuel-efficient technology for emissions control. It reduces NOx level by 90%, Co & HC emissions by 50-90%, and PM emissions by 30-50%. Moreover, increasing usage of Gasoline Particulate Filter (GPF) and Diesel Particulate Filter (DPF) have opened growth opportunities for after treatment devices. Advent of Real Driving Emission (RDE) tests has also paved an opportunistic way for this industry. This test measures the NOx emissions from vehicles while driving and ensures low emissions over on-road conditions.

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By after treatment devices, the industry is classified into Diesel Oxidation Catalyst (DOC), Lean Nox Trap (LNT), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), and Gasoline Particulate Filters (GPF). GPF is anticipated to grow at the fastest rate owing to its heavy adoption due to the latest emission regulations. Its implementation is necessary for controlling PM emission levels from the vehicles.

Automotive exhaust systems market report industry segmentation – Significant pointers pertaining to the vehicle type spectrum:

•             As per the report, the automotive exhaust systems industry is segregated into commercial vehicles, heavy commercial vehicles, and passenger vehicles, with reference to the vehicle type spectrum.

•             The report encompasses details pertaining to the market share that every sub-segment will accrue by the end of the forecast period.

•             The growth rate to be depicted by these vehicle type segments over the projected duration are also mentioned in the report alongside the target remuneration.

Automotive exhaust systems market report industry segmentation – Significant pointers pertaining to the fuel type spectrum:

•             As per the study, the automotive exhaust systems industry is segregated into gasoline and diesel, pertaining to the fuel type landscape.

•             The report has details related to the market share that each sub-segment will procure by the end of the forecast duration.

•             The growth rate that these segments will register over the projected timeframe are also mentioned in the study alongside the target remuneration.

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Asia Pacific is expected to dominate the automotive exhaust systems market over the forecast time span owing to increased production of automobiles in emerging economies including China and India. China had a significant contribution of above 25% in automobile production in 2015. The presence of various OEMs will escalate the regional growth. Increasing demand in countries, such as South Korea and Japan, along with cheap labor and favorable working conditions will further fuel the industry growth in the region. Europe and North America are likely to showcase a significant growth rate over the forecast time frame owing to stringent regulations regarding emissions.

The automotive exhaust systems market report, in essence, encompasses a collection is important parameters, and aims to make it easier for prominent stakeholders in the process of complicated business decision-making. The research document includes pivotal details such as the industry impact forces, SWOT analysis, and more, and also enumerates substantial information about the industry pitfalls and challenges.

 

 

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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