Automotive Exhaust Systems Market is expected to expand at a CAGR of 6.2% from 2021 to 2028
Automotive Exhaust Systems Industry Overview The global automotive exhaust systems market size was valued at USD 44.79 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The demand for automotive exhaust systems is directly dependent on automotive production and sales units. Thus, the increasing sales of passenger cars and commercial vehicles across developed and emerging economies are driving the demand for automotive exhaust systems globally. Moreover, stringent government standards associated with carbon emissions are expected to drive the market over the forecast period as gasoline and diesel engines emit toxic gases and particles that are hazardous to the environment. Gather more insights about the market drivers, restrains and growth of the Global Automotive Exhaust Systems Market Governments across the globe are imposing stricter regulations for vehicular emissions in an attempt to reduc...