The global Exhaust System Components market size was USD 38.98 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.1% during the forecast period. This is due to rising adoption of aftermarket Exhaust System Componentss and increasing implementation of various government regulations to promote sustainable transportation. The automotive Exhaust System Components is installed in vehicles to collect exhaust gases from the cylinder, remove harmful substances & impurities, and reduce the level of noise and discharges purified exhaust gas.

In addition, introduction of various government laws and regulations to control harmful gas emissions and noise emissions from several end-use sectors is another key factor driving revenue growth of the market. The U.S. Environmental Protection Agency (EPA) adopted updated national Greenhouse Gas (GHG) emissions requirements for passenger automobiles and light trucks for Model Years 2023–2026 in December 2021. The final rules would reduce other critical pollutants as well as GHG emissions significantly. The rule would save customers money on gasoline while also bringing about significant improvements in public health and welfare. Exhaust materials must also be able to fulfill the rising expectations for performance in terms of durability and reliability due to increasingly strict emission laws that increases need for improved energy efficiency, decreased weight, and enhanced after-treatment procedures

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Moreover, companies are also focusing on developing new product launches and making innovations in existing product lines by incorporating new technologies, which is also expected to drive market revenue growth during the forecast period. For instance, on 25 April 2022, Akrapovič introduced its newest additions designed for Yamaha motorcycles. The company has have launched the Racing Line (Titanium) for 2022 Yamaha TMAX and Slip-On Line (Titanium) for 2022 Yamaha MT-10. Both Exhaust System Componentss are constructed using high-quality lightweight titanium materials and have been meticulously designed to seamlessly integrate with the appearance of their respective motorcycle models.

Competitive Landscape:

Forvia Faurecia, Bosal, Tenneco Inc., Benteler Group, Sejong Industrial Co., Ltd., Robert Bosch GmbH, Eberspächer, Yutaka Giken Company Limited, Grand Rock Exhaust Company, and Klarius Products Ltd..

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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