DUBLIN--(BUSINESS WIRE)--The "Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, and GPF), Aftermarket (DOC, DPF, and SCR), Vehicle Type (Passenger Car, LCV, HCV, Construction Equipment, and Agriculture Tractor), Component, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The exhaust system market is estimated to be USD 84.8 billion in 2018 and is projected to reach USD 128.2 billion by 2025, at a CAGR of 6.08%.

The demand for exhaust systems is driven by the increasing vehicle production, stringency in emission norms, and technological partnership between OEMs and Tier I players. However, increasing sales of BEVs and the high cost of lightweight exhaust components are acting as restrains for the exhaust system market.

The catalytic converter accounted the largest share for the exhaust system market, by component. The growth can be attributed to the increased production of passenger cars and commercial vehicles around the world. The catalytic converter is a standard fitment across all vehicle categories, and thus, the growth of catalytic converter is directly proportional to the rise in vehicle production.

Agriculture tractors hold the maximum share in the overall off-highway vehicle segment. The demand for agricultural tractors is driven by increasing mechanization rate, rising global population, shortage of skilled farm labor, increasing labor cost, and the growing need for operational efficiency and profitability. With the rising demand for tractors, the demand for several after-treatment devices will also grow simultaneously. DOC and DPF devices are fitted in most of the agricultural tractors to comply with off-highway vehicle emission norms. The deployment of these devices is more prominent in Europe and North America, and will eventually boost up in the Asian countries also.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Technical Overview

7 Emission and Fuel Economy Norms

8 Exhaust System (OE) Market, By After-Treatment Device

9 Exhaust System (OE) Market, By Component

10 Exhaust System (OE) Market, By Vehicle Type

11 Exhaust System Aftermarket, By Vehicle Type

12 Exhaust System (OE) Market, By Off-Highway Vehicle

13 Exhaust System OE Market, By Region

14 Competitive Landscape

15 Company Profiles

  • Benteler International
  • Bosal
  • Calsonic Kansei
  • Continental
  • Dinex
  • Eberspcher
  • Eminox
  • European Exhaust and Catalyst
  • Faurecia
  • Fennosteel
  • Friedrich Boysen
  • Futaba Industrial
  • Grand Rock
  • Katcon
  • Magnaflow
  • Sango
  • Sejong Industrial
  • Sharda Motor Industries
  • Tenneco
  • Yutaka Giken

For more information about this report visit https://www.researchandmarkets.com/research/4r8zm8/125_billion?w=4

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Related Topics: Automotive Aftermarket, Exhaust Systems and Components