The North American aftermarket for exhaust components is currently valued at US$751.1m, according to new analysis from Frost & Sullivan. By 2012 it is forecast to grow over 30% to more than US$990m.
Stricter emission control drives aggressive inspection and maintenance (I/M) programmes and this requires vehicle owners to present the vehicle for testing. It is expected that many states will continue with more aggressive I/M programmes during the forecast period, thus leading to an increase in aftermarket unit shipments of exhaust components,” said research analyst Avijit Ghosh.
The report’s authors say that component manufacturers have an opportunity to set up maintenance chains to detect problems. Some manufacturers have already started down this route and this is expected to drive replacement of exhaust components in the next five to six years.
On the downside proposed legislation against performance exhausts in states across North America is likely to pose a threat to the growth potential of this market. The manufacturers’ lobby has succeeded in thwarting such measures by deferring them; however, the states are set to discuss these again in the future.
“Apart from legislations that curb performance exhausts, many states have empowered police officers to issue citations to vehicle owners who have installed performance exhaust components, as these are very loud,” said Ghosh.
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By GlobalData“The need for a uniform law pertaining to the sound limit is acute as it has the potential to place a damper on the adoption of performance exhausts by enthusiasts.”