According to The Business Research Company’s Automotive Exhaust Systems , The automotive exhaust systems market size has grown strongly in recent years. It will grow from <b>$40.28 billion in 2023 to $42.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. </b> The growth in the historic period can be attributed to regulatory emissions standards, consumer demand, vehicle production growth, fuel efficiency requirements, noise pollution control.
More On The Automotive Exhaust Systems Market:
https://www.thebusinessresearchcompany.com/report/automotive-exhaust-systems-global-market-report
The automotive exhaust systems market size is expected to see strong growth in the next few years. It will grow to <b>$55.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. </b> The growth in the forecast period can be attributed to electric and hybrid vehicles, lightweight materials, autonomous vehicles, aftermarket and retrofit market, hydrogen fuel cell vehicles, recycling and sustainability, emissions reduction goals. Major trends in the forecast period include emission reduction technologies, integration of sensors and electronics, advanced manufacturing techniques, collaborations and mergers, customization and aesthetics, advanced coating technologies.The increase in automobile production is driving the automotive exhaust systems market. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for automobiles across the globe. The rapid growth in demand for automobiles is expected to the boost utilization of automotive exhaust systems, as they are a vital component in the manufacturing of automotive vehicles. For instance, in 2021, according to OICA (Organisation Internationale des Constructeurs d’Automobiles), around 80 million cars including passenger vehicles and commercial vehicles were produced, a 3% increase from 2020. Therefore, increasing automobile production is expected to boost demand for automotive exhaust systems during the forecast period.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7220&type=smp
The automotive exhaust systems market covered in this report is segmented –
1) By Technology: Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), Other Technologies
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Truck and BusEstablishment of new production plants a key trend gaining popularity in the automotive exhaust systems market. The companies operating in automotive exhaust systems are focused on building new manufacturing plants to expand thier business reach new emerging market. For instance, in March 2021, Esslingen, a Germany-based automotive supplier introduced a new plant for exhaust technology in Ramos Arizpe close to Saltillo, Mexico. The new Mexican plant improves the efficiency of the production chain in North America. Esslingen can swiftly and directly provide clients right there. The production site is close to a number of significant multinational automakers. Due to its proximity to the Pan-American Highway, Saltillo has fantastic transportation and traffic connections.The automotive exhaust systems market report table of contents includes:
1. Executive Summary
2. Automotive Exhaust Systems Market Characteristics
3. Automotive Exhaust Systems Market Trends And Strategies
4. Automotive Exhaust Systems Market – Macro Economic Scenario
5. Global Automotive Exhaust Systems Market Size and Growth
.
.
.
26. South America Automotive Exhaust Systems Market
27. Brazil Automotive Exhaust Systems Market
28. Middle East Automotive Exhaust Systems Market
29. Africa Automotive Exhaust Systems Market
30. Automotive Exhaust Systems Market Competitive Landscape And Company Profiles
Top Major Players:
- Benteler International AG
- Continental AG
- Eberspacher Group
- Faurecia SE
- Friedrich Boysen GmbH & Co. KG
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
