Global Exhaust System Market Scenario Highlighting Major Drivers & Trends, 2017-2022
OEM is predicted to be the most lucrative sales channel in the exhaust systems market.
[USPRwire, Tue Dec 18 2018] Manufacturers of exhaust systems have been making deliberate efforts to amplify their market position. However, in order to tap new customers, manufacturers of exhaust systems have also been looking forward to building strong foundations in the off-road industry. A few prominent companies in the exhaust systems market have incorporated superior testing capabilities related to leakage, temperature performance, and other critical parameters. This not only helps the manufacturers of exhaust systems to fortify their business boundaries but also helps them leverage new opportunities.
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OEMs to Keep Up with Technological Breakthroughs for Avoiding Business Obsoleteness
By far, OEM is predicted to be the most lucrative sales channel in the Exhaust Systems Market. With massive transmutations undergone by the global auto industry, OEMs of exhaust systems will have to keep up with these technological advances. Manufacturers of exhaust systems who manage to adapt to the transformations can seize new opportunities to capitalize on. However, the incompetency to keep up with latest technological advances might render businesses obsolete.
Emission Control Norms Stimulate Noble Developments in Exhaust Systems
Stringent regulations with regard to emission control have induced spectacular innovations exhaust systems. A drastic shift has been witnessed toward heavy integration of selective catalytic reduction (SCR) technology with exhaust systems, which helps to revive the fuel efficiency by controlling NOx emissions. Automotive giants such as Mercedes-Benz, BMW, and Volkswagen have already introduced this technology in exhaust systems of passenger cars. Also, SCR technology is rapidly picking up the steam amid commercial vehicles coupled with implementation of Euro VI and BS VI norms. Such a paradigm shift seems to bode well for the manufacturers of exhaust systems and helps them tap on to concomitant opportunities.
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Advanced After-Treatment Devices to Amplify the Latitudes of Exhaust Systems Industry
The burgeoning need for efficient after-treatment devices is foreseen to provide a substantial fillip to the demand for exhaust systems. Several OEMs are observed investing proactively in extensive R&D activities for providing better exhaust after treatment devices. The gasoline particulate filter stands out as one such noble after treatment technologies, which offers high-end efficiency in terms of noise reduction and exhaust emission from GDI engines.
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., Faurecia, Tenneco Inc., Ltd., Sejong Industrial Co., Ltd., Sango Co., Ltd, Friedrich Boysen GmbH & Co. KG, Benteler International AG, Eberspacher, and Yutaka Giken Co.
Faurecia, a leading player in the exhaust systems market, had emerged as the leader in emission control systems with acquisition of EMCON Technologies (formerly Arvin Industries) in 2009. This strategic acquisition nourished the company’s position and also gave the company a route into niche commercial-vehicles market.
BENTELER Group, a key stakeholder of the exhaust systems market, is extensively focusing on internationalization to launch new sales markets, amplification of production volumes, and enhancement of earnings through better differentiation.
Eberspaecher, a key player in the exhaust systems market, formed a joint venture with China Yuchai International Limited. The aim of this collaboration was to manufacture and market new exhaust emission control systems for commercial vehicles.
Exhaust systems are one of the integral components of the vehicular infrastructure. Exhaust systems refer to extensive piping employed to direct exhaust gases away from a controlled combustion in the interior of an engine or stove. Recent focus on introduction of technologies complying with international emission guidelines is likely to influence its application in automotive manufacturing.
About the Report
FactMR published a comprehensive research study on ‘Exhaust Systems Market’ for the forecast period of 2017-2022. This report will be addressing critical questions that are veritable for the industry stakeholders of the exhaust systems market to be aware of. This research study on exhaust systems market would also help industry participants of exhaust systems market to have an eye on attractive segments and will guide them in making viable investment decisions.
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