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The Automotive Exhaust System Market is influenced by a myriad of market factors that collectively shape its dynamics and growth trajectory. One pivotal factor is the stringent emission regulations imposed by governments worldwide. As global concern for environmental issues rises, governments are tightening emission standards, compelling automotive manufacturers to invest in advanced exhaust systems. Such thrusts of regulation have touched off the deployment of more advanced technologies, such as selective catalytic reduction and diesel particulate filters, resulting in the growth of the market.
Amongst the factors affecting the Automotive Exhaust System Market, the technological developments are of great importance. Manufacturers constantly re-invent their products to make exhaust systems more efficient, poke lower emissions, and increase their vehicles' performance generally. Low-weight materials like high strength alloys and composites help not only in decreasing the weight of the vehicle but enhancing the fuel efficiency as well. Precisely, this evolve consists of more lightweight materials inline with the automotive industry tendency to build more fuel-efficient and eco-friendly cars.
The market factors too are very much affected by the consumers’ liking and lifestyle. The rising consumer knowhow on the environment effect of motor cars has brought about the need of greener and cleaner technologies. Therefore, more and more consumers now tend to opt for electric and hybrid cars, which produce much less pollution through the typical exhaust system. Mobility shifts in consumer behavior pose both challenges and opportunities for the stock exhaust system manufacturers, prompting them to look for new ways of operating and adapting to changes.
Global economic conditions and the general auto industry’s health are rather important market factors. Recessions can cause a drop in consumer expenditure, negatively impacting car sales and which consequently do not stimulate the demand for mufflers. However, in contrast, a booming automotive industry and vibrant economical environment are instrumental to the investments in research and development, which in turn cultivates the spirit of innovation in the technologies of exhaust systems. The automobile industry is cyclical as it operates in the environment of fuel prices and disposable income of consumers, thus this market experiences dynamic nature.
In such a context, raw material availability and market dynamics also influence the sector on the whole. Changes in metal prices, most of which are in the components of exhaust systems, affect the production costs in manufacturing. Furthermore, the geopolitical factors resulting supply chain can bring the supply of raw materials to the manufacturers process. Aiming to eliminate such risks, companies associate in strategic partnerships and diversify their supplier base.
The rivalry within the Automotive Exhaust System Market type is fierce, with several participants struggling for a market share. Companies separate their products by introducing new product ideas, quality products, and efficiency in cost. Strategic collaborations, mergers, and acquisitions are common as companies seek to expand their product portfolios and global presence. The competitive landscape is further influenced by the evolving automotive trends, including the rise of autonomous vehicles and the integration of connectivity features, which may impact the design and functionality of exhaust systems.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Fuel Type, Component Type, and Region |
Automotive Exhaust System Market Highlights:
Automotive Exhaust System Market Overview
The Automotive Exhaust System Market size was valued at USD 101.5 Billion in 2023. The Automotive Exhaust System industry is projected to grow from USD 107.79 Billion in 2024 to USD 164.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2024–2022). 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
Automotive Exhaust System Market Trends
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Growing consumers' awareness of the environment is driving the market growth.
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.
Automotive Exhaust System Market Segment Insight
Automotive Exhaust System Fuel Type Insights
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
Automotive Exhaust System Component Type Insights
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.
Automotive Exhaust System Regional Insights
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 2024 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.
Automotive Exhaust System Key Market Players & Competitive Insights
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.
Key Companies in the Automotive Exhaust System market include
- 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
Automotive Exhaust System Industry Developments
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.
Automotive Exhaust System Market Segmentation
Automotive Exhaust System Fuel Type Outlook
- Gasoline
- Diesel
Automotive Exhaust System Component Type Outlook
- Manifold
- Downpipe
- Catalyst Converter
- Muffler
- Tailpipe
- Others
Automotive Exhaust System Regional Outlook
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North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
-
Rest of the World
- Middle East
- Africa
- Latin America
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