Big Market Research
has announced a new Report Package "Asia Pacific Exhaust System Market-
Size, Share, Trends, Forecast, Development, Situation, Future outlook,
Potential 2020"
The Asia-Pacific exhaust system market was valued at
$10,284.1 million in 2014, and is expected to reach $16,616.8 million by 2019,
at a CAGR of 10.1% from 2014 to 2019. The growth in this market is expected to
be driven by factors, such as the increase in vehicle production and upcoming
emission norms. China contributed a market share of 52.0% to the Asia-Pacific
exhaust system market in 2014.
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at: http://www.bigmarketresearch.com/asia-pacific-exhaust-system-2019-market
The Asia-Pacific exhaust system, by vehicle type, has been
segmented into passenger car, light commercial vehicle, and heavy commercial
vehicle. The passenger segment of the car exhaust system market in Asia-Pacific
is projected to grow at a CAGR of 11.0% from 2014 to 2019. The light commercial
vehicle segment was valued at $1,445.8 million in 2014, and is expected to
reach $2,186.9 million by 2019, at a CAGR of 8.6% from 2014 to 2019.
Some of the most powerful automotive giants across the globe
have set up their manufacturing units in this region, due to availability of
resources, such as cheap labor and land. For past couple of years, the
Asia-Pacific region has dominated the automobile manufacturing industry.
Factors, such as the improving lifestyle and the consequent rise in disposable
income and the different government initiatives in this sector are anticipated
to boost the growth of the exhaust system in Asia-Pacific. The China exhaust
system market was valued at $23,265.2 million in 2014, and is expected to reach
$35,254.1 million by 2019, at a CAGR of 8.7% from 2014 to 2019. The exhaust
system market in India is expected to grow at CAGR of 8.8% during the forecast
period.
Enquire about this
report at: http://www.bigmarketresearch.com/report-enquiry/280370
The Asia-Pacific exhaust system market is a competitive
market, due to the presence of a large number of market players in this region.
The major players operational in this market are Yutaka Corporation, Futaba,
and Tenneco Inc. New product launches and expansions are the major strategies
adopted by the companies operational in the Asia-Pacific exhaust system market.
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