Industry Background:
The car exhaust system channels out the gases produced as a result of the combustion of fuels in the engine. The gases are guided out from the engine through the tailpipe and released into the atmosphere. This system is an integral part of combustion and emission control of a car. It provides information to the computer of the car to improve vehicle performance. The exhaust system consists of an exhaust manifold, catalytic converter, resonator and a muffler connected to a tailpipe. The exhaust system removes harmful substances and reduces noise.This growth is primarily driven by Rising Car Production Worldwide is the key driver.
Major Vendors, such as Tenneco Inc. (United States), Honda Motor Company (Japan), Bosal International (Belgium), Continental AG (Germany), Sejong Industrial Co. Ltd. (South Korea), Eberspacher (Germany), Futaba Industrial Co. Ltd. (Japan), Benteler International (Germany), Sango Co.Ltd. (Japan) and Faurecia (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2019, The Eberspaecher Group of Companies started a plant for exhaust technology in Mexico. The planned facility with approximately 15,000 square meters of manufacturing space will produce complete exhaust systems as well as components such as particulate filters and catalytic converters for the NAFTA market. These systems will be used for passenger cars and commercial vehicles. According to the company, the plant in Mexico will strengthen its hold in the North American production network and allow supply to local customers directly.
Market Drivers
- Rising Car Production Worldwide is the key driver
Market Trend
Opportunities
Rising Automotive Industry Likely To Boost Demand and Upcoming Emission Norms to Raise Adoption of Exhaust Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Car Exhaust System Study Sheds Light on
The Car Exhaust System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Car Exhaust System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Car Exhaust System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.