DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Exhaust Systems Market - Global Forecast to 2021" report to their offering.
The exhaust system market is projected to grow at a CAGR of 8.45%, to reach a market size of USD 59.02 billion by 2021. Major driving factors for the exhaust system market are increase in vehicle production and the stringency in the emission norms. However, some of the key restraints such as increase in demand for the substitutes such as electric vehicles and high cost of the light weight components could affect the growth of exhaust system 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.
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.
- Benteler International AG.
- Friedrich Boysen GmbH & Co. Kg.
- Futaba Industrial Co. Ltd.
- Sango Co. Ltd.
- Sejong Industrial Co., Ltd.
- Tenneco Inc.
Yutaka Giken Co. Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technical Overview
7 Emission Regulations
8 Exhaust Systems Market, By After-Treatment Devices
9 Exhaust Systems Aftermarket, By After-Treatment Devices
10 Exhaust Systems Market, By Fuel Type
11 Exhaust Systems Market, By Region, Vehicle Type & Component
12 Exhaust Systems Aftermarket, By Component
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/jgsb43/exhaust_systems