Title: The Asia-Pacific exhaust system market is estimated to reach a value of $16,616.8 million by 2019
1Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts
- The Asia-Pacific exhaust system market is
estimated to reach a value of 16,616.8 million
by 2019
2- The Asia-Pacific exhaust system market is
estimated to grow at a CAGR of 10.1 from 2014 to
2019, to reach a value of 16,616.8 million by
2019. China is expected to contribute the largest
share of 41.5 to the Asia-Pacific exhaust system
market in 2014. The exhaust system market in
China is the fastest-growing in Asia-Pacific, and
is expected to grow at a CAGR of 11.0 from 2014
to 2019. - The exhaust system market, by vehicle type, is
segmented into passenger car, light commercial
vehicle, and heavy commercial vehicle. The
exhaust system market in the passenger cars
segment contributed a market share of 77.0,
followed by the light commercial vehicle segment
with a market share of 14.1 in 2014.
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4 - An exhaust system is a very important part of an
automobile, as it acts as an outlet for the
exhaust gases generated during internal
combustion (IC) of fuel in the engine. The system
is composed of various components and devices
which carry the exhaust gases from IC to the tail
pipe. - It consists of exhaust manifold, oxygen sensors,
exhaust pipes, catalytic converter, and muffler.
The gases, such as oxides of carbon (CO, CO2),
oxide of nitrogen (NOX), oxide of sulphur (SOX),
volatile organic compounds (VOCs), hydrocarbons,
and particulate matter (PM2.5, and PM10) are the
key effluents from the vehicular exhaust.
5 - The exhaust system market in Asia-Pacific has
witnessed substantial growth in the recent years.
Factors, such as the expanding automobile
industry and implementation of stringent emission
norms in Asia-Pacific are expected to drive the
growth of this market in the region. - Furthermore, several original equipment
manufacturers (OEMs) are now focusing on
developing countries like India and China to set
up their manufacturing facilities in these
countries, due to availability of resources such
as cheap labour and land. - The key drivers for the growth of the
Asia-Pacific exhaust system market are the
increasing vehicle production, upcoming emission
norms, and rising demand for automobiles.
6 - New product launches and expansions are the key
strategies adopted by the major players in the
Asia-Pacific exhaust system market. Moreover,
strategies, such as partnerships, agreements,
collaborations, joint ventures, and acquisitions
were also adopted by a significant number of
market players to strengthen their product
portfolios and expand their geographic presence. - Yutaka Corporation (Japan), Fuataba (Japan), and
others are the key players operational in the
Asia-Pacific exhaust system market.
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