Global automotive cold-end exhaust aftermarket is estimated to reach about $6,263 million in valuation by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
As per the report, in 2017, the passenger vehicles segment dominated the market, with respect to the revenue. That same year, Europe amassed the majority share in the global automotive cold-end exhaust aftermarket.
Some of the most significant insights from the report include:
- The primary factors driving the automotive cold-end exhaust aftermarket are the ever-expanding global automotive industry paired with increasing demand for passenger cars.
- Imposition of stringent government mandates in an effort to control the increasing vehicular emissions will majorly favor the expansion of the automotive cold-end exhaust aftermarket.
- Additional factors such as increasing development of autonomous vehicles, advancements in technology, and modernization of vehicles will further accelerate the industry growth.
- New emerging markets, evolving customer demographics, and rising environmental concerns would present the automotive cold-end exhaust aftermarket with numerous growth opportunities over the coming years.
With regards to regional growth, Europe dominated the global automotive cold-end exhaust aftermarket with the highest share in 2017. Currently, the region’s established automotive industry, high investments in R&D efforts and technological advancements are the key factors fueling the Europe automotive cold-end exhaust aftermarket. Stringent regulations regarding vehicular safety and emissions imposed by EU government will also fast-track the adoption of the market in the region.
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Meanwhile, the Asia-Pacific automotive cold-end exhaust aftermarket is projected to grow at a substantial rate over the forecast period. This development can be attributed to the economic growth in countries like India, China and Japan coupled with increasing development in the autonomous vehicles market. The expansively growing demand for automotive reconstruction will also boost the APAC automotive cold-end exhaust aftermarket over the ensuing years, cites the report.
The report also provides an in-depth analysis of the automotive cold-end exhaust aftermarket drivers, restraints, and opportunities over the estimation period. A detailed analysis of the market in terms of type, vehicle type, region, and competitive ranking analysis has also been included in the report. In addition, company profiles of major market contenders have been elaborated in the report under the heads of business overview, product benchmarking, financials, and recent developments.
Key industry players operating in the competitive spectrum of the global automotive cold-end exhaust aftermarket include Faurecia, Flowmaster, Inc., Dynomax Ultra Flo, Tenneco Inc., MagnaFlow, Bosal Group, Rogue Engineering, Magneti Marelli S.p.A., and Calsonic Kansei Corporation. These firms are making strategic investments in research and development and technological innovation in order to build advanced products. The other growth strategies observed in this business space include launching innovative products and teaming up with other market leaders to design new products and to suffice the rising consumer needs and requirements, thereby augmenting the automotive cold-end exhaust aftermarket growth during the foreseeable timeline.