The Key Players of the Asia-Pacific Exhaust System Market include Yutaka Corporation (Japan), Fuataba (Japan) and Tenneco Inc. (U.S.).
(PRWEB) April 24, 2015
The Asia-Pacific exhaust system market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in the Asia-Pacific exhaust system market.
Browse through the TOC of the Asia-Pacific Exhaust System Market, to get an idea of the in-depth analysis, supported by various tables and figures.
This report studies the Asia-Pacific exhaust system market from 2014 to 2019. The market is expected to reach $16,616.8 million by 2019, at CAGR of 10.1% during the forecast period.
The Asia-Pacific exhaust system market is classified based on fuel type, vehicle type, and geography. The fuel type segment is further categorized into gasoline and diesel. On the basis of vehicle type, the market is further segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.
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China held the largest share in the exhaust system market, followed by Japan. The rising demand for vehicles in the country, coupled with friendly investment regulations and availability of an economical labor force, has increased vehicle production levels in the country. The consumption of exhaust system in the Chinese exhaust system market was 23,265.2 thousand units in 2014, and is projected to grow at a CAGR of 8.7% to reach 35,254.1 thousand units by 2019.
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Presently, Asia-Pacific is the largest market for exhaust systems globally, due to the increasing vehicle production, expanding customer base, rising purchasing power of customers, and implementation of stringent emission norms.
The key companies operational in the Asia-Pacific exhaust system market are Yutaka (Japan), Futaba (Japan), and Tenneco Inc. (U.S.).
Europe Exhaust System Market
The Europe exhaust system market is estimated to grow at a CAGR of 6.5% from 2014 to 2019. Germany holds the largest market share in the Europe exhaust system market. France is expected to grow at the highest CAGR of 5.4% during the forecast period, followed by the U.K.
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