The Report “Asia Pacific Exhaust System Market, by Fuel Type (Gasoline & Diesel), By Vehicle Type (Passenger Cars, LCV, HCV) And by Country- Trends and Forecast Up to 2019” is estimated to reach $16,616.8 million by 2019, at a CAGR of 10.1% from 2014 to 2019.
Browse through the TOC of the Asia Pacific Exhaust System Market for an analysis of industry trends and segments, with the help of various tables and figures.
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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 vehicle type segment is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The report has also been segmented based on the major geographies in this region, including China, Japan, India, South Korea, and others.
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 economical labor costs has increased the 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.
Presently, Asia-Pacific is the largest market for exhaust systems globally, due to factors, such as increasing vehicle production, expanding customer base and the rising purchasing power of these 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.)
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