Automotive Exhaust System Market 2021 Competitive Analysis, Share and Forecast 2026A Story by DiyThe global automotive exhaust system market size is projected to reach USD 11.75 billion by 2026, exhibiting a CAGR of 0.3% during the forecast period.The global automotive exhaust system market size is projected to reach USD 11.75 billion by 2026, exhibiting a CAGR of 0.3% during the forecast period. Escalating pollution levels worldwide is a critical factor driving the growth of this market, finds Fortune Business Insights™ in its new report, titled “Automotive Exhaust System Market Size, Share & Industry Analysis, By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Fuel Type (Gasoline, Diesel, Alternative Fuels (LPG, CNG, Others)), By Component Type (Manifold, Connector, Exhaust Pipe, Muffler), and Regional Forecasts, 2019-2026”. Vehicular emissions are one of the leading causes of air pollution around the world, making motor vehicles one of the largest contributors of carbon dioxide (CO2). For More Information in the Analysis of Report:https://www.fortunebusinessinsights.com/automotive-exhaust-system-market-102535 List of Companies Covered in the Report:
The automotive exhaust system market report states that the value of this market stood at USD 11.35 billion in 2018. Apart from this, the report provides the following information:
Expanding Urban Areas to Bolster Vehicle Sales The world economy is undergoing rapid transformation and an important indicator of this is the heightened pace at which urban agglomerations are expanding across the globe. For example, the UN’s Department of Economic and Social Affairs (DESA) estimates that by 2050, around 68% of the global population will be living in urban areas, with Asia and Africa contributing to 90% of this growth. Urban spaces are large swathes of land spread out in all directions, necessitating the use of vehicles to commute between places, particularly in the case of massive countries such as India, China, and Nigeria. As a result, the demand for all types of vehicles is meteorically rising in these countries, which is emerging as a major growth driver for this market. Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-exhaust-system-market-102535 Rapid Urbanization to Boost the Market in Asia-Pacific Among regions, Asia-Pacific is envisioned to dictate the automotive exhaust system market share during the forecast period mainly because of speedy urbanization in India and China. In addition to this, the region is experiencing robust economic growth and development, leading to rising disposable income and spiking the demand for automobiles. Furthermore, many global players are setting up manufacturing plants in South and Southeast Asian countries owing to the availability of cheap labor, which is one of the leading automotive exhaust system market trends in the region. Hardening government regulations regarding emissions is expected to fuel the market in Europe, while in North America, rising adoption of advanced exhaust systems in vehicles to curb pollution will be the main growth propeller. Rising Investment in Innovation by Players to Energize Competition According to the automotive exhaust system market analysis, core players in this market are heavily investing in R&D to introduce innovative products in the market. This will enable them to diversify their portfolio, strengthen their market position, create new revenue outlets, and expand globally. Industry Developments:
About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US :+1 424 253 0390 UK : +44 2071 939123 APAC : +91 744 740 1245 Email: [email protected] © 2021 Diy |
Stats
24 Views
Added on September 27, 2021 Last Updated on September 27, 2021 Tags: Automotive Exhaust System Market Author
|