The Latin America, Middle East and Africa Automotive Exhaust Systems Market would witness market growth of 12.4% CAGR during the forecast period (2021-2027).
Automotive exhaust systems are majorly used to trap some pollutants, reduce the environmental footprint of vehicles and release purified exhaust gases. These exhaust systems consist of pipes in various shapes, each developed to get connected with another, and each shaped to adapt to a specific part of the bottom of the car.
Every pipe in the system is liable for the movement of the exhaust gases toward the back, but several segments are customized for it. This means that, from the exterior, the system can be seen as a bunch of connected pipe segments, which operate from the engine area to the back bumper, however, some of them help the exhaust to flow via that specific pipe.
There are several initiatives taken by the government of UAE to enhance the environmental condition of the region along with promoting fuel-efficient, environment-friendly, and cost-efficient vehicles among the population. Additionally, government-driven initiatives to integrate greener units in public transport fleets are motivating private-sector operators to equally use eco-friendly vehicles. In 2018, Euro 4 regulation was made a mandate by the country’s Emirates Authority For Standardization and Metrology (ESMA), which promotes environment-friendly fleets in the UAE.
The Brazil market dominated the LAMEA Passenger Car Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $854 million by 2027. The Argentina market is expected to witness a CAGR of 12.7% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 11.2% during (2021 - 2027).
Based on Fuel Type, the market is segmented into Gasoline and Diesel. Based on Component, the market is segmented into Exhaust Manifold, Muffler, Catalytic Converter, Exhaust Pipes and Oxygen Sensor. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Exhaust Systems Market is Predict to reach $93.8507 billion by 2027, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tenneco, Inc., Yutaka Giken Company Limited (Honda Motor Company), Benteler International AG, Continental AG, Bosal International N.V., Eberspächer Gruppe GmbH & Co. KG, Faurecia (Groupe PSA), Futaba Industrial Co., Ltd., Friedrich Boysen GmbH & Co. KG, and Sejong Industrial Co., Ltd.
By Fuel Type
By Component
By Vehicle Type
By Country
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