Europe Exhaust System Market is Estimated to Reach $8,069.5 Billion in 2019 - A Report by MicroMarket Monitor
(PRWEB) April 21, 2015 -- The Europe Exhaust System market is expected to reach approximately $8,069.5 billion by 2019, growing at a CAGR of 6.5% from 2014 to 2019.
Browse through the TOC of Europe Exhaust System Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The Europe exhaust system market is segmented on the basis of vehicle type, fuel type, and country. Vehicle type includes passenger cars, LCVs, and HCVs. The fuel type segment comprises gasoline and diesel. Countries taken into consideration are Germany, the U.K., France, and others.
Germany was estimated to hold the largest share in the Europe exhaust system market in 2014, followed by France. The passenger car segment was estimated to account for the largest share in 2014, followed by the LCV segment, under vehicle type. Under Fuel type, diesel is expected to account for the largest share, while gasoline is expected to grow at a CAGR of 2.3% during the forecast period.
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Europe was among the worst-hit regions during the global economic crisis. The automotive industry in the region was dealt a heavy blow. However, as a result of the efforts of the European Commission and various governments, the automotive industry in the European region is on the path to recovery.Europe ranks as the second-largest market for automotive exhaust systems, with a 19.5% share of the global market.
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Owing to advancements in diesel technologies and availability of low and ultra-low sulfur diesel, the demand for diesel vehicles in the region has been growing at a rapid rate. The impact of this is evident in the fact that Europe is the only region in the world where diesel vehicles are expected to account for a majority share as opposed to gasoline vehicles. Benteler, Faurecia, and Eberspacher, are the major players in the Europe exhaust system market.
Related Report:
America Exhaust System Market
The Americas region is one of the oldest and highly advanced regions for the automotive industry. It is mainly dominated by the U.S market, which accounts for more than 17% of the global automotive production and is also the third-largest market for automotive exhaust systems.
http://www.micromarketmonitor.com/market/americas-exhaust-system-1726502127.html
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