ID: MRFR/AM/1411-CR | 100 Pages | Author: Sejal Akre | May 2023
Automotive Exhaust System Market Size was valued at USD 95.6 Billion in 2022. The Automotive Exhaust System market is projected to grow from USD 101.5 Billion in 2023 to USD 164.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032). Increased customer awareness of human well-being and the environment and increasing adoption of after-treatment equipment in combination are the key market drivers enhancing the growth of market.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Market CAGR for automotive exhaust systems is being driven by the growing consumer's awareness of the environment. The emission norms are getting strict across the globe. Therefore, there is a rise in the demand for cutting down the exhaust gas emission particulars and quantities. The combination of after-treatment devices helps automotive OEMs and exhaust system manufacturers to minimize vehicle emissions within required regulatory guidelines. Therefore there is an increase in demand for zero-emission automobiles globally.
The automotive exhaust system is included in the vehicles to amalgamate the exhaust gases from the cylinder, eliminate harmful substances & impurities, minimize the noise level, and purify exhaust gas is discharged. The exhaust system is inclusive of one or two channels depending on the engine, and the flow resistance has opted so that the exhaust backpressure does not damage the engine performance. In an exhaust system, the main components are the exhaust manifold, exhaust pipes, catalytic converter, muffler, and tailpipe. In addition, the automotive exhaust system is mainly installed to minimize the emission of harmful gases into the environment and pump the efficiency of the engine. On an annual basis, global emission standards are becoming stricter there is a need to reduce the exhaust stream emission. The car emissions can be controlled by the utilization of the after-treatment system provided by the automobile's original equipment suppliers and performance exhaust producers. The most popular after-treatment equipment combination is SCR & DPF. This combination can eliminate over 70 percent of all particulate and gaseous pollution. As a result, these mixtures are boosting the market for exhaust systems with the after equipment. The SCR converts NOx to N2 and liquid in the presence of a reduction agent, whereas the DPF separates the particulates
The technology for particulate filters, like emission after-treatment solutions & exhaust stream regeneration mechanisms, has been developed rapidly due to the strict governmental pollution regulations. The gasoline exhaust fumes technologies which minimize NOx emissions to fulfill upcoming vehicle quality rules are being developed by automobile manufacturers. The growing urbanization and disposable income of the individual in developing countries have boosted automobile manufacturing and sales. Manufacturers are continuously developing eco-friendly technologies to provide low-emission vehicles as people are becoming more aware of the detrimental consequences of pollution on the environment and human well-being. Thus, driving the Automotive Exhaust System market revenue.
The Automotive Exhaust System Market segmentation, based on fuel type, includes Gasoline and Diesel. The gasoline segment dominated the market, accounting for 82% of market revenue. Although electric vehicle is gaining popularity in regions like North America and Europe, the developing economies with limited electric vehicle infrastructure are supporting the growth of the gasoline-powered motors sale. Furthermore, 9 out of 10 vehicles are equipped with an internal combustion engine.
Figure 1: Automotive Exhaust System Market by Fuel Type, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
The Automotive Exhaust System Market segmentation, based on component type, includes Manifold, Downpipe, Catalyst Converter, Muffler, Tailpipe, and Others. The muffler segment is anticipated to be the highest contributor in the automotive exhaust system market due to the advancement of the muffler components to minimize the noise and emission of the vehicle. The manifold is expected to be the fasted growing in the market as the sales and production of passenger vehicles are expected to boost the growth of these segments in the market.
By region, the study gives market insights for North America, Asia-Pacific, Europe, and the Rest of the World. The Asia Pacific automotive exhaust system market has the largest share due to the increasing disposable income, increasing GDP, and growing urbanization in this region. The presence of cheap labor and resources is inviting many industries to put their manufacturing plants in this region. Due to the high demand for passenger and commercial vehicles, many automotive giants are emphasizing this region. Furthermore, China is the largest contributor to the automotive exhaust system market in this region, followed by India and Japan.
Further, the main countries studied in the market report are The US, France, Canada, German, the UK, Italy, Spain, China, South Korea, Japan, India, Australia, and Brazil.
Figure 2: Automotive Exhaust System Market SHARE BY REGION 2022 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe's Automotive Exhaust System market accounts for the second-largest market share due to the initiatives taken by their governments that are driving the automotive manufacturers to provide advanced exhaust systems and the growing adoption of low emission. Further, the German Automotive Exhaust System market held the biggest market share, and the UK Automotive Exhaust System market was the fastest-growing market in the European region.
The North America Automotive Exhaust System Market is predicted to grow at the fastest CAGR from 2023 to 2032 due to the increasing demand for less-emission vehicles as per the stringent government vehicle emission regulations. Moreover, the US Automotive Exhaust System market held the largest market share in the North American region.
Leading market participants are investing largely in research and development in order to spread their product lines, which will help the Automotive Exhaust System market grow even more. Market participants are also undertaking a various strategic activities to enlarge their global footprint, with important market developments including new product launches, mergers and acquisitions, contractual agreements, larger collaboration, and investments with other organizations. To enlarge and survive in a more competitive and growing market climate, the Automotive Exhaust System industry must offer cost-effective items.
Manufacturing locally to reduce operational costs is one of the key business strategy used by manufacturers in the global Automotive Exhaust System industry to benefit clients and increase the market sector. In recent years, the Automotive Exhaust System industry has offered some of the most important advantages to the automobile industry. Major players in the Automotive Exhaust System market, including BASF SE, Benteler International AG, Bosal International N.V., Continental AG, Eberspacher GmbH & Co. KG, Faurecia S.A., Friedrich Boysen GmbH & Co. KG, Futaba Industrial Co. Ltd., Johnson Matthey, Klarius Products Ltd, Sango Co., Ltd., Tenneco, Inc., Yutaka Giken Company Limited, and others, are attempting to grow the market demand by investing in research and development operations.
One of the world's leaders in system developers and suppliers to the automotive industry, Eberspacher Group consists of three divisions; Exhaust Technology, Climate Control Systems, and Automotive Controls. It is an esteemed innovative partner and pacemaker for automotive manufacturers globally. In May 2019, Eberspacher Exhaust Technology International invested in building an exhaust component plant in Mexico, which was anticipated to develop exhaust components for the NAFTA market. These components will be utilized for commercial vehicles and passenger cars. This plant will also power Eberspacher's production network in North America, allowing the company to provide exhaust components to local customers directly. In February, the company signed an agreement with Sharda Motor Industries Ltd. for a joint venture to develop, manufacture, and sell exhaust systems for the commercial vehicle manufacturer for the Indian market.
Faurecia is the global leader of automotive tech companies that designs solutions for safe, personalized, connected, and sustainable mobility. Faurecia, along with HELLA, is a company of the Group FROVIA, having over 300 industries and 63 research and development centers. It was formed in 1998 by two automotive component suppliers, Bertrand Faure, and ECIA. It designs and manufactures seats, exhaust systems, interior systems, and decorative aspects of a vehicle. In April 2021, the Clean Mobility Division of Faurecia, headquartered in the Koriyama Plant in Koriyama City, announced the production of its products in the second half of the year.
March 2021 Tenneco's Clean Air business group signed a partnership with Eatons's Vehicle Group to develop an fused exhaust thermal management system that will help the manufacturers of commercial trucks and light vehicles to meet future emissions regulations.
May 2021 Fatuba Industrial Co., Ltd exhibited its products at the Automotive Engineering Exposition of 2021 online. The company will provide exhaust and body system components that will minimize the liberation of substances of environmental concern, upgrade fuel efficiency, and minimize weight for SDGs.
October 2020 Bosch announced that it is working on a systematic drive technology for commercial cars that have internal combustion engines running on diesel fuel. Engine and air control, fuel delivery, and exhaust systems are all included in their product line.
Rest of the World
|Market Size 2022||USD 95.6 Billion|
|Market Size 2023||USD 101.5 Billion|
|Market Size 2032||USD 164.2 Billion|
|Compound Annual Growth Rate (CAGR)||6.20% (2023-2032)|
|Market Forecast Period||2023-2032|
|Historical Data||2018- 2022|
|Market Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Fuel Type, Component Type, and Region|
|Geographies Covered||North America, Europe, Asia Pacific, and the Rest of the World|
|Countries Covered||The US, Canada, German, France, UK, Spain, China, Japan, India, Australia, Italy, South Korea, and Brazil|
|Key Companies Profiled||BASF SE, Benteler International AG, Bosal International N.V., Continental AG, Eberspacher GmbH & Co. KG, Faurecia S.A., Friedrich Boysen GmbH & Co. KG, Futaba Industrial Co. Ltd., Johnson Matthey, Klarius Products Ltd, Sango Co., Ltd., Tenneco, Inc., Yutaka Giken Company Limited|
|Key Market Opportunities||Adoption of advanced eco-friendly technologies.|
|Key Market Dynamics||Increasing awareness in consumers due to regulatory obligations.|
The Automotive Exhaust System Market size was valued at USD 95.6 Billion in 2022.
The global market is projected to rise at a CAGR of 6.20% during the forecast period, 2023-2032.
Asia Pacific had largest share in the global market
The key players of market are BASF SE, Benteler International AG, Bosal International N.V., Continental AG, Eberspacher GmbH & Co. KG, Faurecia S.A., Friedrich Boysen GmbH & Co. KG, Futaba Industrial Co. Ltd., Johnson Matthey, Klarius Products Ltd, Sango Co., Ltd., Tenneco, Inc., Yutaka Giken Company Limited.
The gasoline category dominated the market in 2022.
The muffler category had the largest share in the global market.
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