Light Vehicle Exhaust & Emissions Systems Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
Light vehicle exhaust system reduces noise created by the vehicles, which in turn increases the fuel economy, drivability, and overall power of the light vehicles. Earlier, exhaust system was previously a simple duct system designed to avoid toxic exhaust gases from entering the light vehicles. Change in the government regulation and consumer demands are some of the major factors driving the demand for light vehicle exhaust & emissions systems. Federal, state, and local government in the countries such as the U.S. have introduced several noise pollution control standards. Federal Noise Control Act was one of the major nationwide law introduced by the U.S to regulate the noise levels of light vehicles. In the U.S. sound measurement is taken at 50 feet for speeds less than 35 mph, whereas in Australia measurement is taken at 24.61 feet for speeds of 31.07 mph. Repair of leaking connections, replacement of failed components, and visual inspection are some of the solutions to reduce the noise levels of light vehicles.
Light vehicle exhaust & emissions systems market can be segmented based on type and components of exhaust systems. Single exit pipe, dual rear exit, opposite dual exhaust, and d ual side exhaust are some of the types of exhaust systems in light vehicles. Single exit pipe is a standard type exhaust system that has one exhaust pipe to release the exhaust gases away from the engine. Dual rear exit vary in terms of quantity of exit pipes installed in the light vehicles. Furthermore, after treatment devices including particulate filters and catalytic converters, mufflers, decoupling elements, and hangers are some of the components of exhaust systems in light vehicles.
Light vehicle exhaust & emissions systems are expected to be majorly implemented in the regions such as Europe, North America and Asia Pacific. U.S. is expected to remain one of the emerging Light vehicle exhaust & emissions systems markets. Furthermore, China is projected to experience significant growth rates in upcoming years. Economic growth in countries such as Germany, South Korea and others is one of the major factors driving the demand for light vehicle exhaust & emissions systems market. In addition, increased spending capacity and rising automotive industry growth in countries such as Japan and China are some of the major factors driving the for light vehicle exhaust & emissions systems market.
Reductions in operations & management costs, improved security, improved implementation of software and hardware components in the regions such as Asia Pacific and Europe are some major benefits that are projected to drive for light vehicle exhaust & emissions systems market. Experienced with growing economic and environmental pressures on city transportation, cities are formulating innovative strategies to provide a balanced view of parking that offers better management of supply & demand of visitors. Reduced operating expenses, improvement in the capital productivity, willingness to take risks, ability to manage partnerships and facility to minimize the cost and complexity of maintenance are few requirements that will have to be met to capture the light vehicle exhaust & emissions systems business.
Some of the major players in light vehicle exhaust & emissions systems market are Flowmaster, Inc., Magnaflow, MBRP Inc., Borla, Gibson Performance, Inc., Gale Banks Engineering. INC., advanced FLOW engineering, Inc., JBA Performance Exhaust, and Gibson Performance, Inc. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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