The global cold-end exhaust system aftermarket is expected to
reach USD 6.04 billion by 2025, according to a new report by Grand View
Research, Inc. Stringent government regulations & emission norms,
complemented by sophisticated technology incorporations in the automobile
exhaust component fabrication, are expected to boost the market growth. The
increasing acceptance of electric vehicles as well as semi-autonomous and
autonomous cars in the years to come is further anticipated to bolster the
market growth.
Regional regulatory authorities,
such as Japanese Automobile Sport Muffler Association (JASMA) and the U.S.
Environmental Protection Agency, spectate and regulate the noise emission
intensities concomitant with the present-day automotive resonators and mufflers
in the automotive exhaust system.
The market can be categorized based
on vehicle types into passenger cars and commercial vehicles. The growth in the
disposable income of consumers in the emerging markets is expected to have a
positive impact on the growth rate of passenger cars. The improving
infrastructure, coupled with the modern lifestyle across the globe, is expected
to fuel the sales of passenger cars. The rising trade activities of goods and
materials via road transportation is expected to fuel the demand for light and
heavy commercial vehicles.
The market is expected to witness
pioneering developments with the introduction of chemicals and new metals that
provide weight reduction and cost-efficiency in automobiles. The
nano-on-nano-technology is expected to ripple in the market owing to benefits
rendered by the technique. It helps in slowing down the degradation rate of
metals in automotive exhaust components.
Browse full research report on Cold-End
Exhaust System Aftermarket: http://www.grandviewresearch.com/industry-analysis/cold-end-exhaust-system-aftermarket-industry
Further key findings from the
report suggest:
- The
factors expected to impel the market growth over the forecast period
include the increasing awareness regarding the effects of automotive noise
pollution, stringent government regulations, and a steady rise in the
automobile sale
- Issues
pertaining to high R&D expenditures are expected to hinder the market
growth over the forecast period.
- The
European region dominated the cold-end exhaust system aftermarket,
accounting for the largest global market share (in terms of revenue) in
2015
- The
key industry participants include Eberspächer Exhaust Aftermarket GmbH
& Co. KG, Flowmaster, Inc., Calsonic Kansei Corporation, Bosal Group,
Magneti Marelli S.p.A., and MagnaFlow
Grand View Research has segmented
the cold-end exhaust systems aftermarket based on systems, vehicle types, and
regions:
System Outlook (Revenue, USD
Million, 2014 - 2025)
- Basic
- Performance
Vehicle Type Outlook (Revenue,
USD Million, 2014 - 2025)
- Passenger
Cars
- Commercial
Vehicles
Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
- The
Middle East & Africa
Access press release of this
research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cold-end-exhaust-system-aftermarket-industry
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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