According to the new market research report “North America Exhaust Systems Market by Vehicle Type (Passenger Cars, LCVs, & HCVs), by Fuel Type (Gasoline & Diesel), & by Geography (U.S., Mexico, & Canada) - Analysis and Forecast to 2019”, the North America Exhaust System Market Is estimated to reach approximately $7,465.7 million by 2019.
Browse through the TOC of North America Exhaust System Market for an analysis of industry trends, segments & forecasts.
An exhaust system is a system generally used to guide exhaust gases away from the engine. It consists of four main components: the exhaust manifold, catalytic converter, muffler, and exhaust pipe. The manifold carries the exhaust from each cylinder and combines it into one pipe. The catalytic converter then converts harmful CO and hydrocarbons to water vapor and CO2, and finally, the gases pass through the exhaust pipe to the environment.
The North America exhaust system market is classified on the basis of vehicle type, fuel type, and country. The vehicle segment is further categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. The fuel segment is segmented into diesel and gasoline turbochargers. Countries taken into consideration are the U.S., Mexico, and Canada.
As of 2014, the U.S. is estimated to hold the largest share in the North America exhaust system market, followed by Mexico. The gasoline exhaust system segment is estimated to account for the largest share in 2014, followed by the diesel exhaust system segment.
Currently, Asia Pacific is the leader in terms of exhaust system production volume. It is followed by Europe and North America. Factors such as substantial demand for vehicles, stringent emission norms, and increasing penetration of diesel vehicles are driving the North America exhaust system market.
Alternatively, factors such as the increasing penetration of electric vehicles are restricting the growth of this market. Nevertheless, increasingly stringent governmental norms regarding pollution offer growth opportunities for market players.
The North America exhaust system market is a competitive market, with a number of market players possessing niche technologies. As of 2014, the market is estimated to be dominated by Tenneco Inc. (U.S.), Faurecia SA (France), and Eberspacher GmbH & Co. KG. (Germany). New product launches and partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by market players to achieve growth in the North America exhaust system market.
The report “North America Exhaust System Market –Forecasts to 2019” analyses and studies the key market drivers, restraints, opportunities, and challenges of the exhaust system market in North America.
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