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Global Automotive Exhaust System Market Size By Component (Exhaust Manifold, Catalytic Converter, Muffler, Resonator, Tailpipe, Oxygen Sensors, Exhaust Pipes), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Geographic Scope and Forecast


Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Automotive Exhaust System Market Size By Component (Exhaust Manifold, Catalytic Converter, Muffler, Resonator, Tailpipe, Oxygen Sensors, Exhaust Pipes), By Vehicle Type (Passenger Cars, LCVs, HCVs), By Geographic Scope and Forecast

Automotive Exhaust System Market Size and Forecast

Automotive Exhaust System Market size was valued at USD 108.12 Billion in 2024 and is projected to reach USD 173.24 Billion by 2031, growing at a CAGR of 6.07% from 2024 to 2031.

  • The automotive exhaust system is an important component of modern vehicles fulfilling various roles that are critical to engine performance, vehicle efficiency, and environmental effect. The exhaust system which consists of a set of interconnected components is in charge of managing and expelling combustion by-products ensuring that dangerous gasses are safely and efficiently evacuated from the vehicle’s engine.
  • The primary function of automobile exhaust systems is emissions control which aims to reduce the harmful pollutants produced by vehicles into the atmosphere. Catalytic converters which contain precious metals such as platinum, palladium, and rhodium can catalyze chemical reactions that convert harmful pollutants like carbon monoxide (CO), hydrocarbons (HC), and nitrogen oxides (NOx) into less harmful substances like carbon dioxide (CO2), water vapors, and nitrogen gas.
  • One of the most significant factors influencing the future of automotive exhaust systems is the widespread use of electric vehicles (EVs) and hybrid electric vehicles (HEVs). As nations around the world ramp up efforts to combat climate change and cut greenhouse gas emissions, automakers are expanding their investments in electrified powertrains to fulfill demanding regulatory requirements and public demand for cleaner transportation options.

Global Automotive Exhaust System Market Dynamics

The key market dynamics that are shaping the automotive exhaust system market include

Key Market Drivers

  • Technological Advancements and InnovationTechnological breakthroughs enable continual innovation in automobile exhaust systems leading to more efficient, durable, and lightweight components. Engineers and manufacturers use advances in materials science, production methods, and computational modelling to improve exhaust system design and performance. For example, the use of lightweight materials such as high-strength steel, aluminum, and advanced composites reduces the overall weight of exhaust components which improves fuel efficiency and vehicle performance.
  • Market Trends for Hybrid and Electric Vehicles Environmental concerns, regulatory obligations, and advances in battery technology are driving the worldwide car industry’s shift toward electrification. As the use of hybrid electric vehicles (HEVs) and battery electric vehicles (BEVs) grows, the function of exhaust systems changes, presenting manufacturers with both challenges and opportunities. While BEVs completely eliminate the requirement for traditional exhaust systems, HEVs may still require exhaust components to manage emissions from internal combustion engines or auxiliary power units.
  • Market Expansion in Emerging EconomiesEmerging economies with fast industrialization, urbanization, and motorization provide considerable potential possibilities for the vehicle exhaust system industry. Countries like China, India, Brazil, and Mexico have strong automotive manufacturing industries and expanding consumer demand for passenger and commercial vehicles. As these economies grow, the implementation of emission rules and control technology becomes increasingly important in addressing air quality concerns and mitigating environmental effect.

Key Challenges

  • Emissions ComplianceAutomotive exhaust systems must comply with stricter pollution laws posing a significant challenge. To reduce environmental pollution and improve air quality, governments worldwide are imposing higher limitations on pollutants such as nitrogen oxides (NOx), carbon monoxide (CO), hydrocarbons (HC), and particle matter (PM). To meet these rigorous pollution criteria, exhaust systems must effectively decrease hazardous emissions using modern catalytic converters, particle filters, and selective catalytic reduction (SCR) systems.
  • Durability and Corrosion Resistance Another key difficulty for vehicle exhaust systems is maintaining durability and corrosion resistance especially in hard working situations. High temperatures, corrosive gasses, road salts, moisture, and other environmental conditions all contribute to component corrosion and deterioration over time in the exhaust system. Corrosion can weaken exhaust pipes, mufflers, and catalytic converters causing premature failure and exhaust leakage.
  • Thermal Management Proper thermal management is critical for improving the performance and efficiency of automobile exhaust systems. The exhaust system functions in extremely hot settings with exhaust gasses reaching temperatures of over 800°C (1472°F) in some cases. Managing these high temperatures is crucial to preventing exhaust component overheating, material thermal deterioration, and potential vehicle component damage.

Key Trends

  • Weight Reduction and Material InnovationAnother significant trend in vehicle exhaust systems is the emphasis on weight reduction and material innovation. As automakers work to increase fuel efficiency and reduce vehicle emissions, lightweight materials including high-strength steel, aluminum, and innovative composites are increasingly being used in exhaust system components. Exhaust systems help to reduce overall vehicle weight which improves fuel economy and performance.
  • Integration of Electrification and HybridizationThe integration of electrification and hybridization technologies is changing the design and functionality of car exhaust systems. With the proliferation of electric and hybrid vehicles, classic internal combustion engine (ICE) exhaust systems are being redesigned to accept alternative powertrains and propulsion systems. Exhaust systems in hybrid vehicles may include exhaust gas recirculation (EGR) components to improve engine performance and reduce pollutants.
  • Integration of Advanced Sensors and ConnectionThe integration of advanced sensors and connection features is becoming a popular trend in vehicle exhaust systems allowing for real-time monitoring, diagnostics, and exhaust performance optimization. Sensors incorporated in exhaust systems monitor temperature, pressure, gas composition, and emission levels providing useful information for engine management and emissions control techniques.

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Global Automotive Exhaust System Market Regional Analysis

Here is a more detailed regional analysis of the automotive exhaust system market

Asia Pacific

  • According to Market Research analyst, Asia Pacific is expected to dominate the automotive exhaust system market. The Asia-Pacific region is the leading force in the worldwide automotive exhaust systems industry with significant influence and room for expansion. With a projected compound annual growth rate during the forecast period, this area emerges as a powerhouse as a result of a number of factors propelling its automotive sector forward. The rise of technological awareness and increased consumer purchasing power in the Asia-Pacific region are critical in moving the automotive exhaust systems market ahead.
  • The Asia-Pacific region is emerging as a worldwide automotive exhaust systems market powerhouse owing to factors such as expanding technology awareness, rising consumer purchasing power, and the rapid expansion of the vehicle sector in important markets like as China and India. The region’s supremacy highlights its importance as a key driver of growth and innovation in the global automotive sector. As efforts like the ‘Make in India’ campaign gain traction, the Asia-Pacific region is certain to remain at the forefront of automotive excellence impacting the future of mobility and sustainability on a global scale.

Europe

  • Europe is expected to have considerable growth in the automotive exhaust systems market with a compound annual growth rate over the projected period. Europe, the industry’s second-largest area is seeing dramatic developments as a result of tough government emission rules and increased uptake of low-emission automobiles. These characteristics combined with advances in exhaust system technology are likely to fuel significant market growth in the region.
  • Europe’s growing use of low-emission automobiles is generating demand for sophisticated exhaust systems that cut pollutants and improve fuel efficiency. In response to rising environmental awareness and consumer demand for environmentally friendly transportation options, automakers are increasingly incorporating technologies like selective catalytic reduction (SCR), diesel particulate filters (DPF), and gasoline particulate filters (GPF) into their vehicles.
  • Europe’s automotive exhaust systems market is expected to rise significantly due to rigorous government pollution laws, increasing use of low-emission automobiles, and continued technical advancements. While the rise of electric vehicles may pose challenges to the traditional automotive exhaust systems market, there are numerous opportunities for innovation and collaboration in developing advanced exhaust system solutions that meet the changing needs of the automotive industry while also contributing to a sustainable future.

Automotive Exhaust System MarketSegmentation Analysis

The Automotive Exhaust System Market is segmented based on Component, Vehicle Type, and Geography.

Automotive Exhaust System Market, By Component

  • Exhaust Manifold
  • Catalytic Converter
  • Muffler
  • Resonator
  • Tailpipe
  • Oxygen Sensors
  • Exhaust Pipes

Based on Component, the market is divided into Exhaust Manifold, Catalytic Converter, Muffler, Resonator, Tailpipe, Oxygen Sensors, and Exhaust Pipes. Among the components listed, the catalytic converter is arguably the most dominant in the automotive exhaust system market. This is due to its crucial role in reducing toxic emissions by converting harmful contaminants in the exhaust gas into less harmful substances. As emissions regulations become increasingly stringent worldwide, automakers are compelled to integrate advanced catalytic converter technologies into their vehicles to ensure compliance.

Automotive Exhaust System Market, By Vehicle Type

  • Passenger Cars
  • LCVs
  • HCVs

Based on Vehicle Type, the market is divided into Passenger Cars, LCVs, and HCVs. Among the vehicle types mentioned, passenger cars dominate the automotive exhaust system market. This dominance can be attributed to several factors. Firstly, passenger cars constitute a significant portion of the overall automotive market accounting for a large volume of vehicle sales globally. Additionally, passenger cars are typically driven for personal or family use resulting in higher mileage and more frequent maintenance and replacement of exhaust systems compared to commercial vehicles like LCVs (Light Commercial Vehicles) and HCVs (Heavy Commercial Vehicles).

Automotive Exhaust System Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Automotive Exhaust System market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Among the regions analyzed, Asia-Pacific emerges as the dominant player in the automotive exhaust system market due to several factors. China, in particular holds a significant share of the market driven by its status as the world’s largest automotive market and a hub for manufacturing and export. India, Japan, and South Korea also contribute substantially to the region’s dominance fueled by their growing automotive industries and increasing vehicle production.

Key Players

The Automotive Exhaust System study report will provide valuable insight with an emphasis on the global market. The major players in the market are  BENTELER International, Continental AG, Eberspächer, Faurecia (formerly FORVIA Faurecia), Friedrich Boysen, Katcon Global, Tenneco, Inc., Yutaka Giken Company Limited, Sejong Industrial Co., Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Automotive Exhaust System Market Recent Developments

  • In July 2023Kia India, the Indian division of South Korean carmaker Kia, introduced the 2023 Seltos facelift, which shook up the compact SUV market. This redesigned Seltos has extensive cosmetic and internal redesigns. To celebrate the debut of this facelifted model, the business has released a new television commercial (TVC) that highlights the enhancements and new features of the 2023 Kia Seltos, such as the dual sport exhaust system.
  • In July 2023- Milltek Sport is one of the first firms to deliver an improved high-performance exhaust system for BMW’s M2 Coupé, unlocking even more performance potential from the new baby M vehicle.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

BENTELER International, Continental AG, Eberspächer, Faurecia (formerly FORVIA Faurecia), Friedrich Boysen, Katcon Global, Tenneco, Inc., Yutaka Giken Company Limited, Sejong Industrial Co., Ltd.

SEGMENTS COVERED
  • By Component
  • By Vehicle Type
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challeng

Table of Content

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