Industry Background:
Automotive exhaust pipe is utilized for reducing and treating harmful gases emitted by the engine, besides reducing the noise of the vehicles. It is used to improve the performance of the vehicles and the proper functioning of the engine. The automotive exhaust pipe market has high growth prospects due to its demand for preservation of the environment and minimizes the high range sound system. Rising disposable income, increasing the number of commercial vehicles due to rapid urbanization in major metropolitan cities will augment the overall industry growth. According to EPA, motor vehicles collectively cause 75% of carbon monoxide pollution in the U.S. So the future for the automotive exhaust pipe looks promising. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the automobile industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | United Envirotech (India), Evoqua Water Technologies (United States), Applied Membranes (United States), Toray (Japan), Koch (United States), GE (United States), Asahi Kasei (Japan), Mitsubishi Rayon (Japan) and Pentair (United States) |
This growth is primarily driven by Rising Demand for Alternative Fuel Vehicles and Increasing in the Sales of Passenger’s Cars Leads to Boost the Market.
Globally, a noticeable market trend is evident Value Oriented Customers
The Automobiles sector in the North America 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 Vendors, such as United Envirotech (India), Evoqua Water Technologies (United States), Applied Membranes (United States), Toray (Japan), Koch (United States), GE (United States), Asahi Kasei (Japan), Mitsubishi Rayon (Japan) and Pentair (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In the Automotive Exhaust Pipe market, it has been observed that most of the manufacturing companies are providing innovative high corrosion resistance and high tensile strength pipe for the automotive exhaust system. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Key Developments in the Market:
In January 2022, Evoqua Water Technologies, an industry leader in mission-critical water treatment solutions, acquired the kidney business historically run by Mar Cor Purification and Cantel Medical, a subsidiary of STERIS Plc.
Mark Xtralife launched exhaust systems that consist of several components which including mufflers, end-cans and pipes for the automotive market in India. These products strengthen the product portfolio and offer a robust breadth of services.
Influencing Trend:
Value Oriented Customers and Stiff Competition among Major Players
Market Growth Drivers:
Rising Demand for Alternative Fuel Vehicles and Increasing in the Sales of Passenger’s Cars Leads to Boost the Market
Challenges:
Stiff Competition among Major Players and Proper Recycling and Disposal Techniques Hamper the Market
Restraints:
High Cost Associated with Automotive Exhaust Pipe and Lack of Research & Development for Automotive Exhaust Pipe
Opportunities:
Government Initiative towards Environment Pollution Boost the Market Growth and Adoption of Hybrid Vehicles and Automotive Exhaust System
AMA Research follows 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 showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Exhaust Pipe Market
- Analysis about New Entrants in Automotive Exhaust Pipe Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Exhaust Pipe Study Sheds Light on
The Automotive Exhaust Pipe Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Exhaust Pipe industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Exhaust Pipe industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.