Global Exhaust Pipes Market to Reach $4.7 Billion by 2030
The global market for Exhaust Pipes estimated at US$3.3 Billion in the year 2023, is expected to reach US$4.7 Billion by 2030, growing at a CAGR of 5.4% over the period 2023-2030. Passenger Cars End-Use, one of the segments analyzed in the report, is expected to record 5.6% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the Commercial Vehicles End-Use segment is estimated at 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $864.1 Million, While China is Forecast to Grow at 8% CAGR
The Exhaust Pipes market in the U.S. is estimated at US$864.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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