The complete value chain of the cold-end exhaust systems market is a constricted industry segment-related chain with an interconnection between several players coupled with a flow of value in the form of services and goods. The entire value chain for the exhaust system industry, when classified into industry segments, comprises two major streams, namely the core industry and supporting industry segments. The raw exhaust component points are separated into numerous groups. The cold-end exhaust systems market value chain comprises raw material suppliers and end users with the prime industry segments through these sectors exchanging values at several intermittent stages.
Aftermarket players, such as jobbers and repair shops, are the third and the last stakeholders in the value chain. Automobile OEMs integrate cold-end components in vehicles to control the emission of various frequencies of unpleasant engine noises. The industry is witnessing a trend of strategic alliances and collaborations between automobile manufacturers and exhaust component OEMs to gain a competitive edge and capture a significant share in the market. Vertical integration helps companies maintain control over certain key component technologies. It also enables manufacturers to create an internal supply network that allows optimized manufacturing throughput, enhanced product reliability, increased product design flexibility, and independence in designing key components according to the company specifications.
Aftermarket players, such as repair shops, are the preceding investors in the performance-based cars’ value chain. Automobile OEMs integrate cold-end components in vehicles to control the emission of various frequencies of unpleasant engine noises. In case of performance-based cars, repair shops specifically demand custom mufflers and resonators for selective sports and performance-based car customers.
Regulatory authorities, such as Environmental Protection Agency (EPA) under the Environmental Protection Noise Regulations (2000), monitor the noise levels associated with the modern day automotive mufflers and resonators in the automotive exhaust system. However, the high cost of modern day resonated mufflers may restrain the market growth as low-priced passenger car makers may refrain from adding onto the cost of vehicles. The increasing demand for automobiles is projected to trigger the demand for automotive collision repair centers. Stringent standards across the globe for car safety are anticipated to drive the automotive collision repair market.
The presence of key industry participants globally, such as Eberspächer Exhaust Aftermarket GmbH & Co. KG, Flowmaster, Inc., Calsonic Kansei Corporation, Bosal Group, Magneti Marelli S.p.A., and MagnaFlow,have resulted in the high brand awareness and increased demand.
In-depth report on global cold-end exhaust system aftermarket by Grand View Research:
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