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Automotive Exhaust Systems Market by After-Treatment Device (DPF, DOC, LNT, & SCR), Components (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler & Tailpipe), Fuel Type (Gasoline & Diesel) and by Region - Trends & Forecast to 2020

June 2015 | 194 pages | ID: A02AA859BBAEN
MarketsandMarkets

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Automotive exhaust systems perform main three functions: channel exhaust gases out of the engine, reduce the noise generated by high-velocity exhaust gases, and clean up emissions that are harmful to the environment. The automotive exhaust systems comprise five components: engine manifold, engine down pipe, catalytic convertor, muffler, and tail pipe.

The global automotive exhaust systems market is growing at a healthy rate. This growth is mainly driven by changing emission norms in different regions across the globe. Latest emission regulations have reduced the volume of allowed emissions from the exhaust systems of the automobiles, and hence exhaust system manufacturers have been investing heavily in the R&D for technologically advanced exhausts that comply with new guidelines.

This report covers major global players in this industry including Eberspacher GmbH (Germany), Tenneco Inc (U.S.), Faurecia SA (France), Sango Industrial Co Ltd (Japan), and Futaba Industrial Co Ltd (Japan). In 2014, these companies jointly accounted for the highest amount of revenue in the exhaust systems market. These manufacturers offer exhaust systems to OEMS that comply with the new and latest emission norms prescribed by the governments. The new emission norms have made after-treatment devices a necessary component, as these help OEMs keep a check on the emission levels produced by the vehicles, and reduce the emission of harmful green house gases. The different after-treatment devices used are diesel particulate filter (DPF), diesel oxidation catalyst (DOC), lean NOx trap (LNT), selective catalytic reduction (SCR), and gasoline particulate filter (GPF). All these devices reduce carbon emissions from a vehicle and help in bettering the environment.

The report also discusses the qualitative aspects of the market such as the market dynamics, Porter’s Five Forces analysis, and PEST analysis, which provide an overview of the forces shaping the industry in major regions such as North America, Asia-Oceania, and Europe. The report covers the automotive exhaust systems market globally from 2015 to 2020 in terms of volume and value, segmented by region (Asia-Oceania, North America, Europe, and ROW), by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), by fuel type (gasoline and diesel), by component (exhaust manifold, engine downpipe, catalytic converter, muffler, resonator, and tail pipe), and after-treatment devices used (DPF, DOC, LNT, TWC, SCR, and GPF).
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 YEARS CONSIDERED IN THE REPORT
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 LIMITATION
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
2.2 SECONDARY DATA
  2.2.1 KEY SECONDARY SOURCES
2.3 KEY DATA FROM SECONDARY SOURCES
2.4 PRIMARY DATA
  2.4.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
  2.4.2 PRIMARY PARTICIPANTS
2.5 FACTOR ANALYSIS
  2.5.1 INTRODUCTION
  2.5.2 DEMAND SIDE ANALYSIS
    2.5.2.1 Impact of GDP on commercial vehicle sales
    2.5.2.2 Urbanization Vs. passenger cars per 1, 000 people
    2.5.2.3 Infrastructure: Roadways
  2.5.3 SUPPLY SIDE ANALYSIS
    2.5.3.1 Increasing Vehicle Production in Developing Countries
  2.5.4 INFLUENCE OF OTHER FACTORS
2.6 MARKET SIZE ESTIMATION
2.7 DATA TRIANGULATION
2.8 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 INTRODUCTION
4.2 KEY OPPORTUNITIES IN THE GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET
4.3 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET GROWTH, BY COUNTRY (‘000 UNITS)
4.4 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET, BY DIESEL AFTER-TREATMENT DEVICE ($MILLION)
4.5 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET, BY REGION, 2020 ($MILLION)
4.6 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET, BY FUEL TYPE, 2015 VS. 2020 ($MILLION)
4.7 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET, BY VEHICLE TYPE & COMPONENT, 2015 ($MILLION)
4.8 GLOBAL EXHAUST SYSTEMS MARKET, BY AFTER-TREATMENT DEVICES AFTERMARKET, 2015 VS. 2020 ($MILLION)

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
  5.2.1 BY FUEL TYPE
  5.2.2 BY COMPONENT
  5.2.3 BY DIESEL AFTER-TREATMENT DEVICES
  5.2.4 BY DIESEL AFTER-TREATMENT DEVICES AFTERMARKET
  5.2.5 BY REGION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Government Regulations & Mandates Pertaining To Fuel Efficiency & Emissions
    5.3.1.2 Increasing Number Of Vehicles
    5.3.1.3 Major Automakers Partnering With Exhaust System Manufacturers
  5.3.2 RESTRAINT
    5.3.2.1 Shifting Focus Towards Electric Vehicles
  5.3.3 OPPORTUNITIES
    5.3.3.1 Advanced Diesel After-Treatment Devices
    5.3.3.2 Upcoming Regulations In Emerging Economies
  5.3.4 CHALLENGE
    5.3.4.1 Maintaining A Balance Between Performance & Low-Cost Diesel After-Treatment Devices
5.4 WINNING IMPERATIVE
  5.4.1 PREPARATION FOR FUTURE EMISSION NORMS
5.5 BURNING ISSUE
  5.5.1 DIESEL PARTICULATE FILTER: BOON OR BANE
5.6 SUPPLY CHAIN ANALYSIS FOR AUTOMOTIVE EXAHUST SYSTEMS
5.7 VALUE CHAIN ANALYSIS
5.8 PORTER’S FIVE FORCES ANALYSIS
  5.8.1 THREAT OF SUBSTITUTES
  5.8.2 THREAT OF NEW ENTRANTS
  5.8.3 BARGAINING POWER OF SUPPLIERS
  5.8.4 BARGAINING POWER OF BUYERS
  5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 AUTOMOTIVE EXHUAST AFTER-TREATMENT DEVICES PRODUCT LIFE CYCLE

6 TECHNICAL OVERVIEW

6.1 INTRODUCTION
6.2 MAJOR COMPONENTS & THEIR FUNCTIONS IN AN AUTOMOTIVE EXHAUST SYSTEM
  6.2.1 EXHAUST MANIFOLD
  6.2.2 CATALYTIC CONVERTER
    6.2.2.1 Substrate
    6.2.2.2 Wash-Coat
    6.2.2.3 Catalyst
  6.2.3 MUFFLER
  6.2.4 TAIL-PIPE
  6.2.5 RESONATORS
  6.2.6 ACTIVE NOISE CANCELLATION (ANC)
6.3 ADVANCED AFTER TREATMENT TECHNOLOGIES
  6.3.1 DIESEL PARTICULATE FILTER
  6.3.2 SELECTIVE CATALYTIC REDUCTION
  6.3.3 GASOLINE PARTICULATE FILTER

7 EMISSION REGULATIONS

7.1 EMISSION & FUEL ECONOMY NORMS
  7.1.1 UPCOMING EMISSION & FUEL ECONOMY STANDARDS
  7.1.2 EUROPE
  7.1.3 NORTH AMERICA
    7.1.3.1 U.S. Federal Standards
    7.1.3.2 California Standards
  7.1.4 ASIA-OCEANIA
    7.1.4.1 China
    7.1.4.2 Japan
    7.1.4.3 India
    7.1.4.4 South Korea
  7.1.5 ROW
    7.1.5.1 Brazil
    7.1.5.2 South Africa

8 GLOBAL AUTOMOTIVE EXHAUST SYSTEMS MARKET, BY COMPONENT

8.1 INTRODUCTION
8.2 MARKET BY COMPONENTS
  8.2.1 ENGINE MANIFOLD
  8.2.2 ENGINE DOWNPIPE
  8.2.3 CATALYTIC CONVERTER
  8.2.4 MUFFLER
  8.2.5 TAILPIPE

9 GLOBAL AUTOMOTIVE EXHAUST SYSTEMS MARKET, BY FUEL TYPE

9.1 INTRODUCTION
9.2 GASOLINE
9.3 DIESEL

10 GLOBAL AUTOMOTIVE EXHAUST SYSTEMS MARKET, BY DIESEL AFTER-TREATMENT DEVICES

10.1 INTRODUCTION
10.2 DIESEL PARTICULATE FILTER (DPF)
  10.2.1 PM SENSORS
10.3 DIESEL OXIDATION CATALYST (DOC)
10.4 LEAN NOX TRAP (LNT)
10.5 SELECTIVE CATALYTIC REDUCTION (SCR)

11 GLOBAL AUTOMOTIVE DIESEL AFTER-TREATMENT DEVICE AFTERMARKET, BY AFTER-TREATMENT DEVICES

11.1 INTRODUCTION
11.2 DIESEL PARTICULATE FILTER (DPF)
11.3 DIESEL OXIDATION CATALYST (DOC)
11.4 SELECTIVE CATALYTIC REDUCTION (SCR)

12 GLOBAL AUTOMOTIVE EXHAUST SYSTEMS MARKET, BY REGION & VEHICLE TYPE

12.1 INTRODUCTION
12.2 MARKET ANALYSIS, BY REGION
  12.2.1 NORTH AMERICA
    12.2.1.1 U.S.
    12.2.1.2 Canada
    12.2.1.3 Mexico
    12.2.1.4 Pest Analysis
      12.2.1.4.1 Political factors
      12.2.1.4.2 Economic factors
      12.2.1.4.3 Social factors
      12.2.1.4.4 Technological factors
  12.2.2 EUROPE
    12.2.2.1 Germany
    12.2.2.2 The U.K.
    12.2.2.3 France
    12.2.2.4 Pest Analysis
      12.2.2.4.1 Political factors
      12.2.2.4.2 Economic factors
      12.2.2.4.3 Social factors
      12.2.2.4.4 Technological factors
  12.2.3 ASIA-OCEANIA
    12.2.3.1 China
    12.2.3.2 Japan
    12.2.3.3 India
    12.2.3.4 South Korea
    12.2.3.5 Pest Analysis
      12.2.3.5.1 Political factors
      12.2.3.5.2 Economic factors
      12.2.3.5.3 Social factors
      12.2.3.5.4 Technological factors
  12.2.4 ROW
    12.2.4.1 Brazil
    12.2.4.2 Russia
    12.2.4.3 Pest Analysis
      12.2.4.3.1 Political factors
      12.2.4.3.2 Economic factors
      12.2.4.3.3 Social factors
      12.2.4.3.4 Technological factors

13 COMPETITIVE LANDSCAPE

13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS, AUTOMOTIVE EXHAUST SYSTEMS MARKET
13.3 WHO SUPPLIES TO WHOM
  13.3.1 AMERICAS
  13.3.2 EUROPE
  13.3.3 ASIA-OCEANIA
13.4 COMPETITIVE SITUATION & TRENDS
13.5 BATTLE FOR MARKET SHARE: EXPANSIONS/INVESTMENTS WAS THE KEY STRATEGY
13.6 EXPANSIONS/INVESTMENTS
13.7 NEW PRODUCT LAUNCH/NEW PRODUCT DEVELOPMENT/NEW TECHNOLOGY
13.8 MERGERS & ACQUISITIONS/JOINT VENTURES/COLLABORATIONS/AGREEMENTS
13.9 SUPPLY CONTRACTS

14 COMPANY PROFILES

(Company at a Glance, Business Overview, Product Offerings, Key Strategy, Recent Developments, SWOT Analysis & MNM View)*

14.1 INTRODUCTION
14.2 FAURECIA SA
14.3 TENNECO INC.
14.4 EBERSP?CHER GMBH & CO. KG.
14.5 FUTABA INDUSTRIAL CO. LTD.
14.6 SANGO CO. LTD.
14.7 BENTELER INTERNATIONAL AG.
14.8 FRIEDRICH BOYSEN GMBH & CO. KG.
14.9 YUTAKA GIKEN CO. LTD.
14.10 SEJONG INDUSTRIAL CO., LTD.
14.11 BOSAL INTERNATIONAL NV.

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

15 APPENDIX

15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORT

LIST OF TABLES

Table 1 MICRO & MACRO FACTOR ANALYSIS
Table 2 OVERVIEW OF EMISSION & FUEL ECONOMY REGULATION SPECIFICATIONS FOR PASSENGER CARS
Table 3 IMPACT OF DRIVERS ON THE AUTOMOTIVE EXHUAST SYSTEMS MARKET
Table 4 IMPACT OF RESTRAINTS ON THE AUTOMOTIVE EXHAUST SYSTEMS MARKET
Table 5 IMPACT OF OPPORTUNITIES ON THE AUTOMOTIVE EXHAUST SYSTEMS MARKET
Table 6 IMPACT OF CHALLENGE ON THE AUTOMOTIVE EXHUAST SYSTEMS MARKET
Table 7 FUEL EMISSION STANDARDS, BY COUNTRY, 2012–2019
Table 8 OVERVIEW OF EMISSION & FUEL ECONOMY REGULATION SPECIFICATIONS FOR PASSENGER CARS
Table 9 AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COMPONENT, 2013–2020, ('000 UNITS)
Table 10 AUTOMOTIVE EXHAUST SYSTEM MARKET, BY COMPONENT, 2013–2020, ($MILLION)
Table 11 AUTOMOTIVE ENGINE MANIFOLD MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 12 AUTOMOTIVE ENGINE MANIFOLD MARKET, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 13 AUTOMOTIVE ENGINE DOWN PIPE MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 14 AUTOMOTIVE ENGINE DOWN PIPE MARKET, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 15 AUTOMOTIVE CATALYTIC CONVERTER MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 16 AUTOMOTIVE CATALYTIC CONVERTER MARKET, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 17 AUTOMOTIVE MUFFLER MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 18 AUTOMOTIVE MUFFLER MARKET, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 19 AUTOMOTIVE TAILPIPE MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 20 AUTOMOTIVE TAILPIPE MARKET, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 21 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY FUEL TYPE, 2013–2020, ('000 UNITS)
Table 22 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY FUEL TYPE, 2013–2020, ($MILLION)
Table 23 GASOLINE EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ('000 UNITS)
Table 24 GASOLINE EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 25 DIESEL EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ('000 UNITS)
Table 26 DIESEL EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 27 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY DIESEL AFTER-TREATMENT DEVICES, 2013–2020, (‘000 UNITS)
Table 28 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY DIESEL AFTER-TREATMENT DEVICES, 2013–2020, ($MILLION)
Table 29 DPF MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, (‘000 UNITS)
Table 30 DPF MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, ($MILLION)
Table 31 PM SENSORS MARKET SIZE, BY REGION, 2012–2019, (‘000 UNITS)
Table 32 PM SENSORS MARKET SIZE, BY REGION, 2012–2019, ($MILLION)
Table 33 DOC MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, (‘000 UNITS)
Table 34 DOC MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, ($MILLION)
Table 35 LNT MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, (‘000 UNITS)
Table 36 LNT MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, ($MILLION)
Table 37 SCR MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, (‘000 UNITS)
Table 38 SCR MARKET SIZE, BY REGION & VEHICLE TYPE, 2013–2020, ($MILLION)
Table 39 GLOBAL AUTOMOTIVE DIESEL AFTER-TREATMENT DEVICE AFTERMARKET, BY AFTER-TREATMENT DEVICES, 2013–2020, (MILLION UNITS)
Table 40 GLOBAL AUTOMOTIVE DIESEL AFTER-TREATMENT DEVICE AFTERMARKET, BY AFTER-TREATMENT DEVICES, 2013–2020, ($MILLION)
Table 41 DPF AFTERMARKET SIZE, BY REGION, 2013–2020, (MILLION UNITS)
Table 42 DPF AFTERMARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 43 DOC AFTERMARKET SIZE, BY REGION, 2013–2020, (MILLION UNITS)
Table 44 DOC AFTERMARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 45 SCR AFTERMARKET SIZE, BY REGION, 2013–2020, (MILLION UNITS)
Table 46 SCR AFTERMARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 47 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ('000 UNITS)
Table 48 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY REGION, 2013–2020, ($MILLION)
Table 49 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 50 GLOBAL AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 51 NORTH AMERICA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ('000 UNITS)
Table 52 NORTH AMERICA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ($MILLION)
Table 53 NORTH AMERICA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 54 NORTH AMERICA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 55 U.S.: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 56 U.S.: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 57 CANADA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 58 CANADA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 59 MEXICO: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 60 MEXICO: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 61 EUROPE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ('000 UNITS)
Table 62 EUROPE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ($MILLION)
Table 63 EUROPE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 64 EUROPE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 65 GERMANY: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 66 GERMANY: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 67 U.K.: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 68 U.K.: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 69 FRANCE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 70 FRANCE: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 71 ASIA-OCEANIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ('000 UNITS)
Table 72 ASIA-OCEANIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ($MILLION)
Table 73 ASIA-OCEANIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 74 ASIA-OCEANIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 75 CHINA: AUTOMOTIVE EXHAUST SYSTEM MARKET, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 76 CHINA AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 77 JAPAN: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 78 JAPAN: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 79 INDIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 80 INDIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 81 SOUTH KOREA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 82 SOUTH KOREA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 83 ROW: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY COUNTRY, 2013–2020, ('000 UNITS)
Table 84 ROW: AUTOMOTIVE EXHAUST SYSTEM MARKET, BY COUNTRY, 2013–2020, ($MILLION)
Table 85 ROW: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 86 ROW: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 87 BRAZIL: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 88 BRAZIL: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 89 RUSSIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ('000 UNITS)
Table 90 RUSSIA: AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE, BY VEHICLE TYPE, 2013–2020, ($MILLION)
Table 91 EXPANSIONS/INVESTMENTS, 2013–2015
Table 92 NEW PRODUCT LAUNCH/NEW PRODUCT DEVELOPMENT/NEW TECHNOLOGY, 2014–2015
Table 93 MERGERS & ACQUISITIONS/JOINT VENTURES/COLLABORATIONS/AGREEMENTS, 2013–2015
Table 94 SUPPLY CONTRACTS & AGREEMENTS, 2014–2015

In the present industry and regulatory scenario, a vehicle’s exhaust system plays a pivotal role as its engine or transmission. The widespread awareness among governments and consumers regarding  vehicle  emission  levels  has  created  a  need  for  highly  advanced  exhaust  systems which  while  limiting  the  emission  levels  from  a  vehicle  provide  optimum  performance.  The chapter below provides a description of the forces that are shaping up the market for these exhaust  systems.  Each  market  is  subjected  to  various  forces  that  help  or  restrain  it  from growing, and also there are certain aspects of the market that can help any particular OEM gain  a  larger  share  of  the  pie.

The automotive industry’s focus has seen a shift from manufacturing performance or comfort-oriented  vehicles  to  producing  vehicles  that  have  the  least  possible  effect  over  the environment.  While  earlier  vehicles  had  to  pass  security  and  efficiency  tests  to  get certifications,  modern  vehicles  are  subjected  to  stringent  emission  norms  that  they  must comply with to get their certifications. Governments across the globe have been pushing the permissible emission levels lower to curb pollution and to reduce their carbon footprint. The graph below provides an overview of the evolution of European emission norms over the past few decades. As evident from the graph, the permissible emission levels have seen a drastic drop and are at a level where further reductions will make it very hard for the manufacturers to  comply  using  only  engine  technologies.  Therefore,  the  demand  for  advanced  exhaust systems is expected to rise in the coming years.

The global vehicle production is expected to rise at a brisk pace over the coming years. The major contributors to this growth are the developing economies of the world such as Brazil, India, China, and Mexico. The rising economies and improving standard of living in this country has  been  pushing  the  demand  for  vehicles.  Most  major  OEMs  have  already  set  up  their manufacturing plants in these countries to cater to this growing demand. The availability of relatively cheaper labor in these countries is another factor that is pushing the companies to use these countries as export hubs to other parts of the world. The rising production will bring with it increasing demand for exhaust systems which are to be put into these vehicles. The graph below provides an estimate of the vehicle production over the period of 2012 to 2019.

Most of the countries around the globe follow different emission norms implemented by their respective governments such as Euro standards or EPA norms. Euro emission norms is one of the most commonly followed emission norms across the globe. Under these emission norms, all vehicles have to pass the emission test requirements before being actually sold to the end consumers. Euro VI, which is to be implemented in the coming years, is going to have even stricter emission tests for the vehicles due to the growing environmental concern all over the world.  Therefore,  the  company  which  can  foresee  this  as  an  opportunity  and  work  towards creating  exhaust  systems  to  comply  with  these  norms  at  an  earlier  stage  will  be  able  to capitalize having an early-bird advantage.



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