The Asia Pacific Automotive Exhaust Systems Market would witness market growth of 11.5% CAGR during the forecast period (2021-2027).
The growing demand for automobiles and increasing production of automobiles would surge the demand and growth of the automotive exhaust systems market over the forecast period. In addition, factors like the rising sales of passenger cars & commercial automobiles across various emerged & emerging nations would spur the growth of the automotive exhaust systems market in the coming years.
In India, many norms are enforced as per the timeline & standards acknowledged by the Central Pollution instrument panel that falls under the Ministry of Environment & Forests and global climate change. Further, the introduction of Bharat Stage emission standards in 2000 was also recognized by the Central government in the management of the output of air pollutants from combustion engine equipment that includes automobiles.
The China market dominated the Asia Pacific Catalytic Converter Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.14 billion by 2027. The Japan market would witness a CAGR of 13.6% during (2021 - 2027). Additionally, The India market is experiencing a CAGR of 13.6% during (2021 - 2027).
Based on Fuel Type, the market is segmented into Gasoline and Diesel. Based on Component, the market is segmented into Exhaust Manifold, Muffler, Catalytic Converter, Exhaust Pipes and Oxygen Sensor. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Exhaust Systems Market is Projected to reach USD 93.8507 billion by 2027, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenneco, Inc., Yutaka Giken Company Limited (Honda Motor Company), Benteler International AG, Continental AG, Bosal International N.V., Eberspächer Gruppe GmbH & Co. KG, Faurecia (Groupe PSA), Futaba Industrial Co., Ltd., Friedrich Boysen GmbH & Co. KG, and Sejong Industrial Co., Ltd.
By Fuel Type
By Component
By Vehicle Type
By Country
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