At 8+% CAGR, Exhaust Systems Market Potentially Worth $59.02 Billion by 2021 Led by Advanced After Treatment Devices

PUNE, India, Feb. 23, 2017 /PRNewswire-iReach/ -- The passenger's cars have the largest growing exhaust system market in vehicle type segment. The passenger cars accounted to have the largest market size in terms of components of exhaust systems. The growth is attributed to the increase in demand for passenger cars across the globe which has directly resulted to the increase in the demand for the exhaust system and its components. Complete report on "Exhaust Systems Market" spread across 202 pages, profiling 10 companies and supported with 96 tables and 72 figures is now available athttp://www.rnrmarketresearch.com/automotive-exhaust-systems-market-by-geography-asia-pacific-north-america-europe-row-by-vehicle-type-passenger-cars-lcvs-hcvs-by-fuel-type-gasoline-diesel-by-after-treatment-device-market-report.html .

Increase in need for Advanced After-treatment devices will give rise to demand for exhaust systems market. With regards to the after treatment devices, the gasoline particulate filter (GPF) which is used for GDI engines is observed as the fastest growth market. The system accounts to be fastest market because of its increased use in the GDI engines. The system nullifies the aftereffects of the GDI engines and reduces the emissions from the gasoline engines. The selective catalytic reduction (SCR) accounted to be fastest market for diesel variants. The growth is observed owing to the advantages to meet the new emission standards and helps the manufacturer to accomplish the set emission targets by the regional authorities.

With the advancement in technology and government norms, OEMs are investing heavily in R&D activities to provide better exhaust after treatment devices. One such new after treatment is the gasoline particulate filter. This new filter offers better efficiency in terms of reduction in noise levels and exhaust emission from the GDI engines. The upgradation and implementation of new emission norms are expected to fuel the demand for exhaust system market. Major driving factors for the exhaust system market are increase in vehicle production and the stringency in the emission norms.

Asia-Oceania & North America: Fastest-growing exhaust system market and its components. The Asia-Oceania and North America are estimated to dominate the market for exhaust system and its related components, and is projected to grow at the highest CAGR during the forecast period. The Asia-Oceania market is growing because of rising urbanization, and increased demand for the individual vehicle which has resulted to the increase in demand for the exhaust system. The growth of North American region can be credited to the stringency in the emission norms and increase in the vehicle production across region.

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The exhaust systems market is dominated by a few global players such as Faurecia (France), Tenneco Inc. (U.S.), Eberspächer (Germany), Futaba Industrial Co. Ltd. (Japan), Sango Co. Ltd (Japan), Benteler International AG (Austria), Friedrich Boysen GmbH & Co. KG (Germany), Yutaka Giken Co., Ltd. (Japan), Sejong Industrial Co., Ltd. (South Korea), and Bosal (Belgium).Download PDF Brochure "Exhaust Systems Market by After Treatment Device (DOC, DPF, LNT, SCR & GPF), Fuel Type, Component (Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe, Sensor), and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=190656 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (43%), Tier 2 (38%) and OEM (19%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (38%), Manager Level (31%) and others (31%) from various key organizations operating in the Exhaust Systems Market. The primary interviews were conducted worldwide covering regions such as North America (44%), Europe (31%) and Asia-Oceania (25%).

Research Coverage: The report defines, describes, and projects the exhaust system market on the basis of OE market &aftermarket for components and after treatment devices, vehicle type, fuel type and region. It analyzes the opportunities offered by various segments of the market to stakeholder. It analyzes the regional markets for growth trends, future prospects, and their contribution to the overall market. It also tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other industry activities carried out by key industry participants.

On a related note, another research titled Automotive Aftermarket for Top 10 Components Global Trends & Forecast to 2021says, the automotive aftermarket for top 10 components is projected to grow at a CAGR of 7.75%, to reach a market size of USD 302.64 billion by 2021. The global automotive E-tailing market is projected to reach USD 49.07 billion by 2021. Passenger car segment is the fastest growing automotive aftermarket for the top 10 components. Asia-Oceania: Fastest growing market for automotive aftermarket top 10 components. Companies such as Bridgestone Group (Japan), Royal Dutch Shell Plc (The Netherlands), Mahle Group (Germany), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (U.K.), BMW (Germany), Daimler (Germany), Volvo (Sweden) and Ford Motor Company (U.S.) have been profiled in this 99 pages research report available at http://www.rnrmarketresearch.com/automotive-aftermarket-for-top-10-components-tire-fluid-filter-battery-brake-collision-body-lighting-spark-plug-telematics-bearings-vehicle-type-passenger-car-commercial-vehicle-and-region-global-st-to-2021-market-report.html .

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