2012-10-31 12:39:36 - Automotive exhaust system market set for considerable growth
The automotive exhaust system market has been forecast to increase at a compound annual growth rate (CAGR) of 2.8% over the next couple of years, rising from a valuation of US$31,329 million in 2012, to hit a market value of US$33,250 million in 2013.An exhaust system is usually piping used to guide reaction exhaust gases away from a controlled combustion inside an engine or stove. The entire system conveys burnt gases from the engine and includes one or more exhaust pipes.The automotive exhaust system market is set for considerable growth, not only through the significant global vehicle production volume growth forecast but also through significant increases in the revenue generated for each system. The tightening regulatory environment has led to
considerably increased revenues per vehicle and this is set to improve globally as emerging high growth markets catch up with Europe and Northern America in terms of the level of equipment needed to meet regulations.The stable recovery of the American economy is stimulating the strong development of the automotive industry in the US, especially light trucks and commercial vehicles. The Obama Administration issued the final version of Corporate Average Fuel Economy (CAFE) Regulation of 2025 on Aug 28th 2012, which announced the transformation of the draft unveiled in 2011 into formal regulations and provisions, which would make the American automotive exhaust system market lead the world in future years.The strong demand of the Chinese market on top grade automobiles also pulls the German automotive industry, which in turn benefits exhaust system enterprises in the region. Eberspacher and Boysen are the leading automotive exhaust system players in Germany. For more information on the automotive exhaust system market, see the latest research: Automotive Exhaust System MarketFollow us on Twitter @CandMResearch
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