Global Automotive Exhaust Systems Market 2017-2021

New Report Released: - Global Automotive Exhaust Systems Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive exhaust systems market: BENTELER International, Faurecia, Magneti Marelli, and Tenneco.

Other Prominent Vendors in the market are: BASF, Bekaert, Calsonic Kansei, Eberspächer, MAHLE, Wuxi Longsheng Technology, MAGNAFLOW, Flowmaster Mufflers, BORLA, CORSA Performance, Gibson Automotive, Banks Power, aFE power, JBA Headers, and Holley Performance Products.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Industrial shift toward selective catalytic reduction technology. Stringent regulations across the world aiming at emission control has been pushing faster developments in exhaust gas systems, which has led to increased adoption of exhaust gas recirculation sensors. The market is experiencing a shift toward selective catalytic reduction (SCR) technology as it enhances fuel efficiency by controlling NOx emissions in the tailpipe. SCR systems use a reducing agent (marketed as AdBlue), which is injected into the exhaust gases before it moves through the SCR catalytic converter. At this stage, nitrous oxides are converted into non-toxic nitrogen gas and water vapor.”

According to the report, one of the major drivers for this market is Increasing demand for vehicles in emerging countries. The passenger car segment holds the largest share of the automotive exhaust system market. An increase in the sales of passenger cars will lead to an increased demand for automotive exhaust system units. Car OEMs are concentrating on venturing the passenger car market in emerging countries, namely China and India, as they have less penetration of automobiles than developed economies such as the US and Europe. Further, exhaust system manufacturers are focusing on increasing their production to meet the rising need for these systems, mainly in the Chinese and Indian automotive markets.

Further, the report states that one of the major factors hindering the growth of this market is Stringent emission norms. Growing automotive regulations on fuel economy and stringent emission norms are major factors affecting the market for exhaust systems. Regulatory bodies across the world are focusing on increasing fuel economy to reduce oil dependency and emissions from automobiles. Therefore, they have formulated strict norms that aim at limiting fuel emissions and enhance engine performance. However, such mandatory norms have impelled manufacturers to invest highly in research and high-skill labor to come up with advanced exhaust systems, which is a challenge. Efforts to adhere to such regulations have affected the automotive exhaust system market in countries such as India and China.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.