World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search
ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031.
According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-706
In spite of such downswings, growth has been sustained by increasing drives towards attaining zero carbon emission goals. Initiatives such as the UK government’s Road to Zero project have pledged to achieve at least a 70% sales figures with respect to low emission cars. Likewise, the US EPA’s Cleaner Trucks Initiative seeks to revise NOx emission levels, with strides already visible in the form of a 40% reduction in emission levels since 2001. The market is poised to expand at over a 4% CAGR through 2031.
Key Takeaways from FMI’s Automotive Exhaust Systems Market Study
“Key manufacturers of automotive exhaust systems are emphasizing on incorporating selective catalytic reduction (SCR) technology based emission curbing approaches, prompting numerous innovations and product launches, expected to widen revenue pools across the forecast period,” says an FMI analyst.
Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-706
Prominent automotive exhaust systems manufacturers are leveraging the most contemporary developments prevailing across the global automotive industry, including the quest to achieve carbon neutrality, spurring various technological advancements in compliance with key regulatory provisions.
To achieve this goal, prominent automotive aftermarket player Bosal International N.V. announced the launch of a new manufacturing unit and R&D center in Shanghai, China, in February 2021. This venture will support a supply contract for its original equipment customer Geely, to develop an eco-friendly exhaust system for the Volvo XC40 passenger car.
Also, Faurecia S.A. announced in February 2021 that it has acquired a significant stake in CLD, one of China’s largest high-pressure tank manufacturers to develop homologated type III and IV hydrogen storage tanks for the Chinese automotive market. This development is significant as China is expected to represent at least one million fuel cell vehicles by 2030.
Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-706
Top Reports Related To Automotive Market Insights
Aircraft Strut Market are expected to surpass US$ 8.5 Billion by 2032 - Comprehensive Research Report by FMI
Automotive Oil Pressure Switch Market is expected to be valued at US$ 9.6 Billion in 2032 - Comprehensive Research Report by FMI
Trim Tabs Market is anticipated to grow at a steady CAGR of over 3.1% during the forecast period from 2022 to 2032 – Comprehensive Research Report by FMI
Vehicle Starter Motor Market is expected to total US$ 9 Bn by the end of 2032 – Comprehensive Research Report by FMI
Marine Fuel Filter Market to reach a valuation of US$ 4001.7 Mn by 2032 - Comprehensive Research Report by FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Unit No: 1602-006 Jumeirah Bay 2 Plot No: JLT-PH2-X2A Jumeirah Lakes Towers Dubai United Arab Emirates LinkedIn| Twitter| Blogs For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Website: https://www.futuremarketinsights.com Report: https://www.futuremarketinsights.com/reports/Automotive-Exhaust-Systems-Market Press Release Source: https://www.futuremarketinsights.com/press-release/Automotive-Exhaust-Systems-Market
© Scoop Media Future Market Insights Future Market Insights is the premier provider of market intelligence and consulting services Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices. Contact Future Market Insights Website - Reports Link - Published Reports Link - Upcoming Reports Link - Blogs Link - Media Center Event - Growth Opportunities in Vegan and Plant Based
Future Market Insights is the premier provider of market intelligence and consulting services
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, UAE, and has its global delivery center in India. In addition to these, FMI also carries out business development and client engagement through its US and UK offices.
World Bank: Additional $20 Million For Disaster Recovery And Economic Reform In Tonga The World Bank’s Board of Executive Directors has approved US$20 million (approximately TOP46 million) of Supplemental Financing... More>>
UN: Hunger In Latin America: Whole Continent Is On The Move, Warns WFP Ever greater numbers of vulnerable people are risking their lives on dangerous migration routes in Latin America, forced to move by the global food security crisis... More>>
Survival International: Thousands Of Maasai Flee Into The Bush After Dozens Shot & Detained Following Evictions Thousands of Maasai people have fled their homes and escaped into the bush following a brutal police crackdown on protests against government attempts to evict them... More>>
Ukraine: Bachelet Briefs Human Rights Council On Mariupol Excellencies, Further to Human Rights Council resolution S-34/1 adopted at its 34th Special Session, I present you with an oral update on the grave human rights and humanitarian situation... More>>
South Sudan: UN Humanitarians Forced To Cut Aid To 1.7 Million People Food assistance to 1.7 million people in South Sudan has been suspended, the UN World Food Programme (WFP) said on Tuesday, citing a funding crunch and rising needs... More>>
WWF: Assessing The Environmental Impacts Of The War In Ukraine Since 24 February 2022, the war in Ukraine has caused untold human suffering. It has also brought unprecedented and long-lasting challenges to the environment... More>>
Oilprice.comDemocracy NowRaw StoryIndymedia (Global)Google NewsSlashdotGuardian NewspaperThe IndependentWashington PostNew York TimesBBC NewsAl JazeeraThe Huffington PostCouncil on Hemispheric AffairsGreen Peace