Global Automotive Exhaust Systems Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Forecast To 2028

  • TBI157201
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research
                                              

Global Automotive Exhaust Systems Market 2021: By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), By Fuel Type (Diesel, Gasoline), By After-treatment Devices (Diesel Oxidation Catalyst, Diesel Particulate Filter, Selective Catalytic Reduction, Gasoline Particulate Filter), By Components (Catalytic Converters, Tailpipe, Mufflers)

Global Automotive Exhaust Systems Market is a report title under research in-house at Trusted Business Insights. The report includes various aspects and scenarios, current and future, and comprises verified information and data based on inputs from experts in the industry. Research efforts included exhaustive primary and secondary sources to ensure accuracy of findings and data on the target market. Historical, estimated, and projected revenue and sales, and growth factors are provided. Key trends, growth factors, restraints, Y-O-Y growth, future forecast & opportunity analysis is also included. The report highlights various opportunities for potential revenue generation in untapped markets. Profiles of key players includes detailed information, recent developments, strategies, acquisitions, and mergers etc. The exhaust systems market is segmented on basis of vehicle type, fuel type, after-treatment devices, components, and region. Regions are further sub-segmented at country level, and revenues for each segment presented according to each region and country. The Global The Global Automotive Exhaust Systems market size was valued at USD $35.34 Billion in 2020, USD $36.88 Billion in 2021, forecasted to reach USD $38.49 Billion in 2022, and is projected to reach USD $57.44 Billion by 2030, and is anticipated to expand at a CAGR of 4.35% over the forecast period from 2020 to 2030.

Overview

An exhaust system primarily comprises several differently shaped metal or steel pipes, which are designed to be connected to one-another. The pipes conform to fit in a flush manned on the underside of a vehicle. The unit is attached to the manifold of the engine of a vehicle The purpose of these pipes, called an exhaust when assembled, is to direct exhaust fumes and unburnt gases towards the back or side, or upwards and away from the vehicle. In parallel with the various technological advancements in the automotive industry, designs of exhaust systems have been evolving significantly over the past decade. From a singles noisy exhaust system with no mufflers or baffle plates in the early days when cars were introduced, to dual exhaust systems and advanced functionalities and features in todays cars and vehicles, the automotive industry has come a long way. Systems currently have a component known as a ‘Y pipe, which enables creating a dual exhaust system, and the tailpipes are located apart towards each side of the vehicle. In order to ensure that exhaust pulses are equalized and exhausted equally from both tailpipes, balance pipes are used. The more high-end the car or vehicle, the more complex and advanced the exhaust system gets. Increasingly stringent government regulations in both, developed and developing countries globally, is resulting in design and development of more efficient and environment-friendly vehicle exhaust systems, and manufacturers are focusing on further ensuring CO2 and exhaust fumes are greatly reduced through research and development initiatives in this regard. The global automotive exhaust systems market is projected to witness significantly high growth over the next five years, but increasing preference and government-offered schemes and benefits to encourage adoption of electric vehicles (EVs) is projected to restrain growth of this market to a significant extent thereafter.

Dynamics

Automotive exhaust system, which is a piping system, is specifically designed for monitoring reaction exhaust gases emitted from a controlled combustion, such as inside an engine. Environmental damage and rising concerns are among some of the primary factors that are supporting growth of the global automotive exhaust systems market. In order to reduce impact of harmful gas emissions on the environment as well as to reduce haze and allergies and breathing problems caused by air pollution, governments of various countries have introduced and implemented stringent regulations related to emission levels and vehicle manufacturing standards. In order to adhere to increasingly more stringent regulations introduced by governments, manufacturers of automotive exhaust systems are focusing on research and development activities to aid in producing more effective exhaust systems to prevent and reduce impact of exhaust fumes and emissions on the environment, which is also among other primary factors driving growth of the global market. Advancements in material science, technological and mechanical innovations to reduce air pollutants in exhaust systems, high demand for fuel-efficient automobiles, and constantly changing and use of more enhanced technologies in the global automotive sector, increasing automation trend to manufacture more enhanced exhaust systems, etc. are other factors contributing to driving market growth. Some factors hampering growth of the market include high cost and relatively different sound as compared to conventional exhausts in vehicles. In addition, shifting trend and increasing use of electric vehicles, fluctuating fuel prices, high CO2 emission levels, and high repair and initial costs are among other major factors hampering the growth of global automotive exhaust systems market to a certain extent currently.

Global Automotive Exhaust Systems Market Segment Analysis:

By Vehicle type:

Market revenue share contribution from the passenger car segment is projected to be relatively higher that other vehicle type segments.

By Fuel Type:

In terms of growth rate, the gasoline segment is projected to register high revenue share as compared to the diesel segment.

By After-treatment Devices:

During the forecast period, the gasoline particulate filter segment is expected to reach a significant market value. This is the fastest growing segment and is expected to maintain its dominance over the forecast period. By Components: The catalytic converter segment among the components segments is expected to account for high revenue contribution during the forecast period, and this is due to ability to reduced air pollutants and carbon emissions, and rising adoption of such components.

Global Automotive Exhaust Systems Market Regional Analysis:

Among the various regions, growth in revenue in the Asia Pacific market is due to increasing rate of adoption of automotive exhaust systems in countries in the region. Growth of the automotive exhaust systems market in the region is expected to register significantly high growth and account for a comparatively high compounded annual growth rate by the end of the forecast period. The market in Middle East & Africa is also projected to register a significant growth rate over the next five years.

Below are the active patents related to Automotive Exhaust Systems Market.

Patent Number: US20080012380A1 Vehicle seat Abstract A vehicle seat of a vehicle is basically provided with a seat cushion, an annular frame, a hook or striking member and a vehicle body engagement element. The seat cushion is disposed within the vehicle. The annular frame disposed within the seat cushion. The striking member is attached to the annular frame to attach the vehicle seat to the vehicle body. The vehicle body engagement element is attached to the annular frame so as to serve as a load transferring point at which the vehicle body engagement element transfers a bending load of the annular frame to the vehicle body as the vehicle seat is being initially lifted. Type: Grant Filed: 2006-11-28 Date of Patent: 2008-01-17 Assignee : Nissan Motor Co Ltd Patent Number: US8502697B2 Mid-block traffic detection and signal control Abstract A method and system for a mid-block traffic detection and traffic signal control system is provided herein that is suited to monitoring heavy commercial vehicles such as trucks is provided. The method comprises detecting a vehicle and determining at least one pre-determined parameter of the vehicle. A traffic condition is evaluated based on the at least one pre-determined parameter. In response to the evaluation of the traffic condition, a traffic signal is controlled. Type: Grant Filed: 2008-12-18 Date of Patent: 2013-08-06 Assignee : International Road Dynamics Inc

Below are the leading companies profiled in this Automotive Exhaust Systems Market Report:

  • Benteler International AG
  • Bosal International
  • Bosal International N.V.
  • Chongqing Height Automobile Exhaust System
  • Continental AG
  • Eberspacher Climate Control Systems GmbH & Co. KG
  • Faurecia S.A.
  • Friedrich Boysen GmbH & Co. Kg.
  • Futaba Industrial Co., Ltd.
  • Harbin Airui Automotive Exhaust Systems Co. Ltd.
  • Katcon
  • Marelli Holdings Co. Ltd.
  • Sango Co., Ltd.
  • Sejong Industrial Co., Ltd.
  • Tenneco, Inc.
  • Yutaka Giken Company Limited

Global Automotive Exhaust Systems Market Segmentation:

By Vehicle Type
  • Passenger Vehicle
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
By Fuel Type
  • Diesel
  • Gasoline
By After-treatment Devices
  • Diesel Oxidation Catalyst
  • Diesel Particulate Filter
  • Selective Catalytic Reduction
  • Gasoline Particulate Filter
By Components
  • Catalytic Converters
  • Tailpipe
  • Mufflers

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Automotive Exhaust Systems market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Automotive Exhaust Systems market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automotive Exhaust Systems market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Automotive Exhaust Systems market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Automotive Exhaust Systems market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Automotive Exhaust Systems market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automotive Exhaust Systems industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources
  • Chapter 2 Executive Summary
  • 2.1 Automotive Exhaust Systems industry 360° synopsis, 2017 - 2028
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