Cold-End Exhaust System Aftermarket Market, By System, By Vehicle Type, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020-2026
|発行||AnalystView Market Insights||商品コード||930142|
|出版日||ページ情報||英文 189 Pages
|低温端排ガス処理システムの世界市場：システム別、車両タイプ別、 地域別の分析、シェア、動向、市場規模、予測（2020年～2026年） Cold-End Exhaust System Aftermarket Market, By System, By Vehicle Type, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020-2026|
|出版日: 2020年03月01日||ページ情報: 英文 189 Pages||
Cold-end exhaust system aftermarket market was valued at USD 5.23 billion by 2019, growing with 4.1% CAGR during the forecast period, 2020-2026.
Cold-end exhaust system aftermarket is the automotive industry's secondary market, which deals with manufacturing, retailing, re-manufacturing, and installation of cold-end systems in the automobile, once the sale is made from the original equipment manufacturer. This industry has picked up the speed owing to strict government policies towards emission. Regional regulatory authorities are taking note of the noise coming from automotive resonators and mufflers. The acceleration in the automotive industry and the growing demand for commercial and passenger vehicles will make the market thrive during the forecast period. Vendors are focusing on innovations and advanced technologies to offer exhaust systems and other parts at pocket-friendly prices. The increase in the boom of autonomous cars and the rise in ecosystem concerns will fuel up the cold-end exhaust aftermarket.
The automotive industry is focusing more on hybrid electric cars, which can eventually cut down the demand for exhaust parts. Such a change may result in a rise in the price of petrol and petrol-based automobiles. This may hamper the market in the near future. However, the emergence of digitization in auto maintenance services can address this issue. Many competitors leading in the market are compelled to bring some innovation, which can address the pain points of consumers like change in technology and security concerns. The leading companies are at an advantage, but yet in a vulnerable situation, they may flourish or may perish during the forecast period.
Based on system outlook, the industry is segmented into a basic and performance-based exhaust system. Among these, the basic segment is going to dominate the industry in terms of size. This segment will receive popularity because of the good number of basic cars as compared to their performance counterparts.
Based on vehicle types, the market is bifurcated into passenger cars and commercial vehicles. Among these, passenger cars is expected to boom in the arena till 2025. It is anticipated to grab the market in the near future because of consumers' preference towards on-road cars as compared to commercial vehicles. Also, the growing demand for luxury vehicles and an increase in disposable income will drive the market during the forecast period.
The awareness about health disorders among customers because of insufficient ventilation in cabins will give the significant boost to the passenger car market in the coming years. Also, the improvement in infrastructure, coupled with the rise in living standards across the world, will allow passenger cars to keep its dominance during the forecast period.
When it comes to revenue, North America is expected to continue its dominance in the coming years. The stringent regulations of automotive authority with regards to excessive emissions is anticipated to fuel up the market. The acceleration in pollution has made government all over the world to take strict actions against vehicles. This has compelled vendors to come up with eco-friendly and efficient components for both the international and domestic markets. From the past few years, countries like India and China had shown continuous improvement in this field, and this is expected to bring bright prospects in the Asia-Pacific region.
Key Vendor Takeaway
The leading companies which are giving their contribution in this industry are MagnaFlow, Bosal Group, Eberspacher Exhaust Aftermarket GmbH & Co. KG, Faurecia, Magneti Marelli S.p.A., Rogue Engineering, Flowmaster, Inc., Calsonic Kansei Corporation, Faurecia, Tenneco Inc., and Dynomax Ultra Flo.
For satisfying the increasing demands of customers, vendors are emphasizing more innovative techniques. The leaders are also collaborating with many top companies to expand their business and offerings. The change in distribution methods like the adoption of online catalogs and e-commerce has proved to be advantageous to the distribution network and product offerings.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 & 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Magneti Marelli S.p.A.
Calsonic Kansei Corporation
Eberspacher Exhaust Aftermarket GmbH & Co. KG
Faurecia, Tenneco Inc.
Dynomax Ultra Flo
MARKET, BY SYSTEM
Basic Exhaust System
Performance-Based Exhaust System
MARKET, BY VEHICLE TYPE
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA