The latest market report published by Constancy Researchers “Global Passenger Vehicles Exhaust Systems Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities,Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Passenger Vehicles Exhaust Systems Market: Overview
The global passenger vehicles exhaust systems market was valued at US$ XX Billion in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global passenger vehicles exhaust systems market is anticipated to witness substantial growth in the years to come due to the growing emission regulations across the globe along with rising fuel economy regulations. The increased commercial and passenger vehicles sales coupled with the increased demand for lightweight emission system across the globe are some other key factors for the growth of the global passenger vehicles exhaust systems market during the forecast period. Moreover, the emergence of new technologies coupled with growing advanced exhaust heat recovery systems are some of the key opportunities for the global passenger vehicles exhaust systems market over the upcoming years. Besides, the growing sales of clean vehicles is one of key factors estimated to hamper the global passenger vehicles exhaust systems market growth in the years to come.
Global Passenger Vehicles Exhaust Systems Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global passenger vehicles exhaust systems market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global passenger vehicles exhaust systems market, the demand for automotive exhaust systems has decreased due to haltin the manufacturing industry worldwide along with the decreased sales of automotive vehicles during the COVID-19 period.
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Global Passenger Vehicles Exhaust Systems Market: Report Highlights
- Based on the after treatment device, the Selective Catalytic Reduction (SCR)category is had a major share in 2020 and is estimated to witness huge growth over the forecast period.
- On the basis of channel type, in the passenger vehicles exhaust systems market, the original equipment manufacturers (OEMs) had a major share and is estimated to witness substantial growth over the upcoming years due to the increased collaboration among automotive exhaust systems manufacturers and vehicles manufacturers.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the rising technological adoption in the automotive manufacturing along with the increased automotive production in the region. The increased emission norms along with the growing demand for commercial and personal vehicles in the emerging economies are some other key factors for the growth of the Asia pacific passenger vehicles exhaust systems market.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global passenger vehicles exhaust systems market.
- As per the research by Constancy Researchers Private Limited, the global passenger vehicles exhaust systems market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Passenger Vehicles Exhaust Systems Market
- Tenneco Inc.
- Faurecia
- EBERSPÄCHER
- Continental AG
- Futaba Industrial Co. Ltd.
- Sango Co. Ltd.
- Friedrich Boysen Gmbh & Co. Kg
- Yutaka Giken Company Limited
- Sejong Industrial Co., Ltd.
- Bosal
- Others
Global Passenger Vehicles Exhaust Systems Market: Segmentation
Constancy Researchers Private Limited has segmented the global passenger vehicles exhaust systems market on the basis of fuel type, component type, after treatment device, channel type,vehicle type, and regional analysis-
Global Passenger Vehicles Exhaust Systems Market: By Fuel Type
- Gasoline
- Diesel
Global Passenger Vehicles Exhaust Systems Market: By Component Type
- Manifold
- Connector
- Exhaust Pipes and Elbows
- Muffler
- Stack Pipe or Tail Spout
- Clamps
- Resonators
Global Passenger Vehicles Exhaust Systems Market: By After Treatment Device
- Diesel Oxidation Catalyst (DOC)
- Diesel Particulate Filter (DPF)
- Lean Nox Trap (LNT)
- Selective Catalytic Reduction (SCR)
Global Passenger Vehicles Exhaust Systems Market: By Channel Type
- Original Equipment Manufacturer (OEMs)
- Aftermarket
Global Passenger Vehicles Exhaust Systems Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
