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Exhaust system is an important automotive component found in almost all modern vehicles. However, growing need for auto technologies that can address the issues of carbon emission and environmental degradation is likely to reflect on the automotive application of exhaust systems in the future. Fact.MR in its latest report reveals that the global market for exhaust systems will reach a valuation of US$ 57,504.6 Mn by 2022-end, registering steady CAGR during the forecast period (2017-2022). Factors such as growing consumer awareness and introduction of new regulatory guidelines are expected to impact the growth of the global exhaust system market over the next couple of years.
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Key Segments Covered in the Exhaust System Market Report
- By Vehicle Type
- Passenger Car Exhaust System
- LCV Exhaust System
- HCV Exhaust System
- By Fuel Type
- Diesel Exhaust System
- Gasoline Exhaust System
- By Sales Channel
- OEM Exhaust System
- Aftermarket Exhaust System
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This competition landscape of exhaust systems market enunciates the competitive dynamics in terms of crucial parameters such as relative market foothold, product offerings and differential strategies adopted by the key players operating in the exhaust systems market.
Some of the key players operating in the exhaust systems market reported in this study include
- Futaba Industrial Co. Ltd.
- Tenneco Inc.Ltd.
- Sejong Industrial Co. Ltd.
- Sango Co. Ltd
- Friedrich Boysen GmbH & Co. KG
- Benteler International AG
- Yutaka Giken Co.
This competition landscape of the exhaust systems market enunciates the competitive dynamics in terms of crucial parameters such as relative market foothold, product offerings, and differential strategies adopted by the key players operating in the exhaust systems market.
- Futaba Industrial Co., Ltd announced in May 2021 that it will take part in the Automotive Engineering Exposition 2021 Online. In support of SDGs, the firm intends to display exhaust and vehicle components that boost fuel economy, decrease weight, and minimize emissions (Sustainable Development Goals).
- In November 2021, Faurecia announced intentions to pay €6.8 billion to purchase Hella, a German supplier with a focus on lighting and electronics for the automobile industry. When the businesses join together, they will rank as the seventh-largest automotive supplier and be well-equipped to handle emerging issues like autonomous driving, electric mobility, and the cockpit of the future.
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