- The key vendors in the global automotive exhaust systems market 2015-2019 are Benteler International AG, Eberspacher SA (Pty) Ltd., Faurecia Corp., Futaba Corp. and Tenneco Inc
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global automotive exhaust systems market 2015-2019. Focus on improving horsepower and torque is one of the key trends emerging in the market. Many stock or basic exhaust systems in automobiles driven at high speeds are not capable of transferring enough exhaust gas released from the engine. Hence, upgrading to a high performance exhaust system will increase the horsepower of the vehicle. The global automotive exhaust systems market is expected to post a CAGR of 4.75% during the period 2014-2019.
“Demand for automobiles has risen in developing countries such as India, Brazil, and China. These countries have recorded high growth rates in the automotive sector in recent years,” says Faisal Ghaus, Vice President of Technavio Research.
“For instance, in 2014, automobile sales in the APAC were estimated at 39 million units, in the EMEA 27 million units, and in the Americas 25 million units. Demand for automobiles in these markets is expected to grow during the forecast period, resulting in growth of the global automotive exhaust systems market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
