In a recent published report, Kenneth Research has updated the market report for Automotive Cold End Exhaust Aftermarket Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Cold End Exhaust Aftermarket Market products.
The global Automotive Cold-End Exhaust Aftermarket is anticipated to reach around USD 6,263 million by 2026 According to a new research published by Polaris Market Research. In 2017, the passenger vehicles segment dominated the global market, in terms of revenue. In 2017, Europe accounted for the majority share in the global Automotive Cold-End Exhaust Aftermarket.
The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the market growth. The stringent government regulations regarding vehicular emissions support the market growth. Other factors driving the market growth include growing development of autonomous vehicles, technological advancements, and modernization of vehicles. New emerging markets, emerging consumer demographics, and increasing environmental concerns would provide growth opportunities for automotive cold-end exhaust Aftermarket in the coming years.
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Market players operating in the global Automotive Cold-End Exhaust Aftermarket are investing significantly in research and development and technological innovation to develop advanced products to meet the growing consumer demands. The stringent regulations rising environmental concerns, and emission norms have significantly increasing the demand for automotive cold-end exhaust aftermarket.
In 2017, Europe accounted for the highest share in the automotive cold-end exhaust Aftermarket. The primary factors driving the market growth in the region include established automotive industry, technological advancements, and high investment in R&D. The introduction of stringent government regulations regarding vehicular safety and emissions accelerates the adoption of the market in the region. Asia-Pacific automotive cold-end exhaust Aftermarket is expected to grow at a significant rate during the forecast period. The economic growth in countries such as China, Japan, and India, increasing development of autonomous vehicles, and growing automotive modernization further increases the demand of automotive cold-end exhaust Aftermarket in the region.
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The leading companies profiled in the report include Faurecia, Dynomax Ultra Flo, Flowmaster, Inc., Tenneco Inc., Rogue Engineering, MagnaFlow, Bosal Group, Eberspächer Exhaust Aftermarket GmbH & Co. KG, Calsonic Kansei Corporation, and Magneti Marelli S.p.A.. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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