Fact.MR has successfully collated a report on exhaust system market for the forecast period of 2017 to 2022. The report on exhaust system market offers historical data as well as forecast data for 2022, both in terms of value and volume. This research study on exhaust systems market reveals
the prevalent trends and key dynamics across regions including North America, Latin America, Europe, Japan, APEJ and Middle East & Africa. The report on exhaust systems market also elaborates on the study of current issues with consumers and upcoming opportunities for the exhaust systems
market.
The exhaust systems market is heavily influenced by a huge number of macroeconomic and microeconomic factors determining growth. Introduction of new regulatory guidelines pertaining to emission controls are foreseen to impact the landscape of the industry. Some of the ubiquitous trends influencing dynamics of exhaust systems market include advancements in material science technologies, rising fad for fuel efficient automobiles, and deliberate efforts toward research and development. Moreover, smart city initiatives are envisioned to drive new sustainable mobility requirements, primarily for precise real time emissions data. This trend is further likely to foster the demand for exhaust systems for furnishing the emerging requirements. Electrification of vehicles is also likely to have a deep-rooted influence on the proliferation of exhaust systems.
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Accordingly, rigorous regulations with respect to emission control have led to a paradigm shift towards integration of selective catalytic reduction (SCR) technology with exhaust systems. This has helped in improving fuel efficiency through controlling NOx emissions. Evidently, automotive powerhouse such as BMW, Mercedes-Benz and Volkswagen have tried their hands at this technology in passenger cars’ exhaust systems. Meanwhile, stakeholders are pitching for the introduction of next-generation automobile infrastructure, which will fortify the trend for eco-friendly technology.
At the time when the concept of smart cities is grabbing eye balls, the rise in demand for exhaust system is inevitable. Moreover, automakers’ inclination for electrification presents a sanguine picture for the preeminent players in the exhaust system market
Emission Control Norms Stimulate Noble Developments in Exhaust Systems
Stringent regulations with regard to emission control have induced spectacular innovations exhaust systems. A drastic shift has been witnessed toward heavy integration of selective catalytic reduction (SCR) technology with exhaust systems, which helps to revive the fuel efficiency by controlling NOx emissions. Automotive giants such as Mercedes-Benz, BMW, and Volkswagen have already introduced this technology in exhaust systems of passenger cars.
A major chunk of revenue of the exhaust systems market is foreseen to be amassed from OEMs. With over 60% share of the market, the prosperity of OEMs in exhaust systems market is likely to persist and is not anticipated to deteriorate anytime soon. To carry forward this prosperity, OEMs will have to keep up with the rapid technological advancements.
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The report includes executive summary which gives insights on market overview and market analysis. The report also includes macro-economic factors, opportunity analysis and global economic outlook. The report further gives delineates value chain analysis and forecast factors, the former offering suppliers’ end users, profit margins while the latter gives insights on relevance and impact. The report also incorporates pricing analysis and market volume projections. The report delves into consumer behavior analysis and major distributors’ lists and at the same time gives insights on insurance coverage in exhaust system products.
The actionable insights in the report is the result of primary sources, including surveys, interactions in person, a reliable and authentic views of seasoned analyst, interviews and perusal of experts. In addition, the report is propelled by secondary sources incorporating trade journals, resourceful database and authentic and verified paid sources. The report is also backed up by absolute dollar opportunity analysis which has considerable influence in shaping the growth of the exhaust system market.
Exhaust System Market: Competitive Landscape
This competition landscape of exhaust systems market enunciates the competitive dynamics in terms of crucial parameters such as relative market foothold, product offerings and differential strategies adopted by the key players operating in the exhaust systems market. Some of the key players operating in the exhaust systems market reported in this study include Futaba Industrial Co., Ltd., Faurecia, Tenneco Inc., Ltd., Sejong Industrial Co., Ltd., Sango Co., Ltd, Friedrich Boysen GmbH & Co. KG, Benteler International AG, Eberspacher, and Yutaka Giken Co.
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