The global market for automotive exhaust systems is expected to reach US$31.3bn in 2012, representing a 2.8% increase from 2011 levels.
Failing to meet analyst expectations, the Chinese automotive exhaust system market fell in 2012 and implementation of national IV emission standards for diesel-driven vehicles weighing more than 3.5 tons have been further delayed to 2013. As the US economy makes a stable recovery, the US automotive exhaust system market will maintain the leader position over the next several years. Meanwhile, strong demand for top grade automobiles in China will benefit the German exhaust system enterprises.
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The global market for automotive radiators is expected to grow at a compound annual growth rate of 5.8% over the period 2011-2015. One of the key factors contributing to this market growth is the expanding global auto component market. The automotive radiator market has also been witnessing the increasing demand for lightweight automotive radiator materials. However, the increasing product complexity due to changing customer requirements and norms could pose a challenge to the growth of this market.
The automotive market represents the largest market sector for connector sales with a 21% share of the overall connector market. A new market research report identifies 18 specific connector types that are expected to grow at a significantly faster rate than the general market over the next five years.
Many of the selected interfaces have existed in the market for several years, but emerging applications will propel their growth well beyond that of the general connector market. Some legacy connector types, for instance, are being adapted to high-speed differential signalling, which will allow implementation in next-generation equipment. In other cases, entirely new interfaces will show logarithmic percentage growth from near zero as they are implemented in new high-volume applications.
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