Industry Background:
The global truck exhaust system market is expected to witness to grow in the forecasted period owing to the increasing truck production and stringency in emission norms. The diesel trucks are equipped with an exhaust brake, which uses the exhaust gas pressure for vehicle braking, to ease the demands on wheel brakes and increase their longevity. Various upcoming emission norms such as China 6 and BS-VI for China and India respectively are anticipated to drive the exhaust systems market in Asia Oceania.
This growth is primarily driven by Truck Production Growth and Growing Emissions Worldwide and Growing Demand for Double Exhaust System.
Globally, a noticeable market trend is evident After-Treatment Devices for Truck
. The Machinery & Equipment sector in the Asia-Oceania region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Faurecia (France), Tenneco (United States), Eberspacher (Germany), Boysen (India), Sango (Japan), Yutaka Giken (Japan), Calsonic Kansei (Japan), Magneti Marelli (Italy), Benteler (Germany) and Sejong Industrial (Korea) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th May 2019, Eberspaecher to build exhaust technology plant in Mexico. The new plant in Saltillo with 15,000 square meters of manufacturing space, production of exhaust systems for passenger cars and commercial vehicles, up to 500 employees in the long term.
On 11th April 2019, Tenneco will highlight its latest engine and exhaust system solutions that address fuel economy, performance, and emissions requirements for China and other markets at the 2019 Auto Shanghai
Market Drivers
- Truck Production Growth and Growing Emissions Worldwide
- Growing Demand for Double Exhaust System
Market Trend
- After-Treatment Devices for Truck
- Introduction of Real Drive Emission (Rde) Tests
Restraints
- High Cost of Lightweight Exhaust Components
Opportunities
Increasing Demand for Advanced Exhaust Heat Recovery Systems and The Rise in Use of Gasoline Particulate Filter With the Advancement in Engine
Challenges
Global Harmonization of Emission Regulations
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 Manufacturers 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, Truck Exhaust System Study Sheds Light on
The Truck Exhaust System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Truck Exhaust System industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Truck 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 Manufacturers 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.