Exhaust Systems Market

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Exhaust Systems Market by After Treatment Device,
Fuel Type, Component, and Region, Aftermarket by
Component After Treatment Device - Global
Forecast to 2021
www.MarketsandMarkets.com
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"Exhaust Systems Market by After Treatment Device
(DOC, DPF, LNT, SCR GPF), Fuel Type, Component
(Manifold, Downpipe, Catalytic Converter,
Muffler, Tailpipe, Sensor), and Region,
Aftermarket by Component After Treatment Device
- Global Forecast to 2021 The exhaust systems
market is primarily driven by the adoption of
newer and stringent emission regulations from
different regulatory bodies at a global level.
The market is projected to grow at a CAGR of
8.45, to reach USD 59.02 Billion by
2021. PDF Brochure https//www.marketsandm
arkets.com/pdfdownload.asp?id87800437

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Catalytic Converters and Exhaust manifolds
holds the largest share in exhaust systems market
by components Catalytic converter and exhaust
manifolds accounted to have the largest market
for components. The growth can be attributed to
the increased production of passenger cars and
commercial vehicles around the world.  The
exhaust system manufacturers have been
continuously investing heavily in RD activities
for the development of technologically advanced
products in order to comply with the new
guidelines. As a result, the global market for
exhaust systems components is projected to
accelerate significantly. Also, the increasing
vehicle production across the globe will also
trigger the growth of components
market. Request for Customization
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Gasoline Particulate Filters (GPF) is the
fastest growing segment of the market after
treatment devices for exhaust systems The
introduction of gasoline direct injection (GDI)
technology in passenger cars has been started
from a while. The gasoline direct injection (GDI)
engines emits more particulate matter (PM)
content than Multi-Port Fuel Injection (MPI)
engines. In order to meet the emission limits
defined by European and U.S. regulatory bodies,
the implementation of GPF devices becomes
necessary in order to control the particulate
matter (PM) level from the vehicles. For
instance, the Euro 6 norms has been introduced to
limit the particulate matter level from gasoline
engines. Hence, the latest emission regulations
requires lower gasoline emissions which will
further fuel the market for GPF
devices. Request for Sample https//www.market
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Asia-Oceania Largest and fastest growing market
for exhaust systems The Asia-Pacific region has
emerged as the leader in global vehicle
production with the production growth of around
17 in past 5 years, and also becomes the leader
in automotive exhaust systems manufacturing.
China has been the worlds largest automobile
market in recent years. According to Organisation
Internationale des Constructeurs Automobiles
(OICA), China accounted almost 27 of global
vehicle production in 2015. This could be owed
mainly to the major automotive OEMs setting up
their manufacturing plants in China. . In
addition to that, the growing economies of
countries like India and Indonesia are reasons
that this region is able to maintain its
leadership position in the market across
globe. The exhaust systems market is dominated
by a few global players such as Faurecia
(France), Tenneco Inc. (U.S.), Eberspächer
(Germany), Futaba Industrial Co. Ltd. (Japan),
Sango Co. Ltd (Japan), Benteler International AG
(Austria), Friedrich Boysen GmbH Co. KG
(Germany), Yutaka Giken Co., Ltd. (Japan), Sejong
Industrial Co., Ltd. (South Korea), and Bosal
(Belgium).
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