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Automotive Exhaust Components Aftermarket Market Segmentation By Material Type (Cast Iron, Stainless Steel, Mild Steel); By Vehicle Type (Passenger, LCV, HCV); By Sale Distribution Type (OEM and Aftermarket); By Fuel Type (Gasoline and Petrol) - Global Demand and Opportunity Outlook 2027

Buy Now Report ID: 1046 | Published Date: Feb 07, 2023

Market Segmentation

Our in-depth analysis segmented the Automotive Exhaust Components Aftermarket Market in the following segments:

By Material Type:

  • Cast Iron
  • Stainless Steel
  • Mild Steel
  • Carbon Steel
  • others

By Vehicle Type:

  • Passenger car
  • LCV(light Commercial Vehicle)
  • HCV(Heavy Commercial vehicle)

By Fuel Type:

  • Gasoline
  • Petrol

By Component Type:

  • Manifold Muffler
  • Clamps
  • Stack pipe
  • Manifold pipe
  • Connector

By Sales Distribution Type:

  • OEM
  • Aftermarket

By Region

Automotive Exhaust Components Aftermarket Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis


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Market Size and Forecast

The growth of market is expected to reach USD 500 billion in 2027 with a CAGR around 4.5% during the period 2018-2027. The advancement of technology and digitalization is expected to boost the market growth. The market is also facing tough competition from electric vehicles as it is expected that sale of electric vehicles is set to increase thereby increasing the CAGR of electric vehicles. Thus the market of automotive exhaust component will decline to some extent. The market size of automotive exhaust also depends on the market of electric vehicles.

By region, the market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East. North America has higher adoption rate of Hybrid and Electric Automobiles. It led the market in terms of revenue.

Asia Pacific is also subjected to higher growth on the account of collision repair services. It is also subjected to fastest growing market in automobile production on the account of low cost and cheap labours. It is adding the advantage to market size in countries such as China and India.

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Top Featured Companies Dominating The Market

Market-Growth-Drivers

  • Sango Co. Ltd.
  • Eberspaecher Climate Control Systems GmbH & Co. Kg.
  • Tenneco Inc.
  • Faurecia SA.
  • Futaba Industrial Co. Ltd.
  • Friedrich Boysen GmbH & Co. Kg.
  • Yutaka Giken Co. Ltd.
  • Sejong Industrial Co., Ltd.


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Top Featured Companies Dominating The Market

top-features-companies
    • Sango Co. Ltd.
    • Eberspaecher Climate Control Systems GmbH & Co. Kg.
    • Tenneco Inc.
    • Faurecia SA.
    • Futaba Industrial Co. Ltd.
    • Friedrich Boysen GmbH & Co. Kg.
    • Yutaka Giken Co. Ltd.
    • Sejong Industrial Co., Ltd.

    Market Drivers and Challenges


In-the-news

In The News


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Harshita Srivastava, Saima Khursheed


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