Overview and Scope
The automotive exhaust systems refer to a system that collects and exhaust gases from a vehicle by removing harmful substances. It also reduces the level of noise and discharges filtered exhaust away from the occupants of the vehicle. Performance exhaust systems help to maintain optimal air levels inside the vehicle’s engine. These optimal levels then decrease the need for the engine to consume extra fuel to compensate for dirty air levels.
Sizing and Forecast
The automotive exhaust systems market size has grown strongly in recent years. It will grow from $40.28 billion in 2023 to $42.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to regulatory emissions standards, consumer demand, vehicle production growth, fuel efficiency requirements, noise pollution control.
The automotive exhaust systems market size is expected to see strong growth in the next few years. It will grow to $55.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to electric and hybrid vehicles, lightweight materials, autonomous vehicles, aftermarket and retrofit market, hydrogen fuel cell vehicles, recycling and sustainability, emissions reduction goals. Major trends in the forecast period include emission reduction technologies, integration of sensors and electronics, advanced manufacturing techniques, collaborations and mergers, customization and aesthetics, advanced coating technologies.
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Segmentation & Regional Insights
The automotive exhaust systems market covered in this report is segmented –
1) By Technology: Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), Other Technologies
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Truck and Bus
Asia-Pacific was the largest region in the automotive exhaust systems market in 2023. The regions covered in the automotive exhaust systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in automobile production is driving the automotive exhaust systems market. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for automobiles across the globe. The rapid growth in demand for automobiles is expected to the boost utilization of automotive exhaust systems, as they are a vital component in the manufacturing of automotive vehicles. For instance, in 2021, according to OICA (Organisation Internationale des Constructeurs d’Automobiles), around 80 million cars including passenger vehicles and commercial vehicles were produced, a 3% increase from 2020. Therefore, increasing automobile production is expected to boost demand for automotive exhaust systems during the forecast period.
Key Industry Players
Major companies operating in the automotive exhaust systems market report are Benteler International AG, Continental AG, Eberspacher Group, Faurecia SE, Friedrich Boysen GmbH & Co. KG, Tenneco Inc., MagnaFlow, Borla Performance Industries, Bosal Industries Limited, Sejong Industrial Co. Ltd., Yutaka Giken Co. Ltd., Sango Co. Ltd., Futaba Industrial Co. Ltd., Kolbenschmidt Pierburg AG, Delphi Technologies, Tata AutoComp Systems Limited, Eminox Ltd., Calsonic Kansei Corporation, AP Exhaust Products Inc., Sankei Giken Kogyo Co. Ltd., Motus Integrated Technologies, Meritor Inc., Sharda Motor Industries Ltd., Johnson Matthey plc, Arvin Sango Inc., CECO Environmental Corporation, Flowmaster Inc., Dynomax Inc., Crown, Katcon SA de CV
The automotive exhaust systems market report table of contents includes:
1. Executive Summary
2. Automotive Exhaust Systems Market Characteristics
3. Automotive Exhaust Systems Market Trends And Strategies
4. Automotive Exhaust Systems Market – Macro Economic Scenario
5. Global Automotive Exhaust Systems Market Size and Growth
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26. South America Automotive Exhaust Systems Market
27. Brazil Automotive Exhaust Systems Market
28. Middle East Automotive Exhaust Systems Market
29. Africa Automotive Exhaust Systems Market
30. Automotive Exhaust Systems Market Competitive Landscape And Company Profiles
Top Major Players:
- Benteler International AG
- Continental AG
- Eberspacher Group
- Faurecia SE
- Friedrich Boysen GmbH & Co. KG
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