According to a recent market study published by Growth Market Reports, titled, “Global Exhaust System Market by Vehicle Types, Fuel Types, After-treatment Devices, Channel Types, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 79,041.7 Million in 2019 and is anticipated to expand at a CAGR of 4.2% between 2020 and 2027. In terms of volume, the global exhaust system market is anticipated to expand at a CAGR of 3.0% during the forecast period. Growing focus of automobile companies to develop advance exhaust systems to meet international emission guidelines is projected to boost the use of exhaust systems in the automotive industry.
The global exhaust system market has been segmented into vehicle types, fuel types, after-treatment devices, channel types, and regions. On the basis of vehicle types, the market has been divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. In terms of the fuel types, the global exhaust system market has classified as gasoline and diesel. Based on after-treatment devices, the market has been segmented into diesel oxidation catalyst (DOC), diesel particulate filter (DPF), lean NOX trap (NNT), selective catalyst reduction (SCR), and gasoline particulate filter (GPF).
On the basis of channel types, the global exhaust system market has been has been fragmented into OEM and aftermarket. In terms of regions, the exhaust system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The North America region is further bifurcated into countries such as the US and Canada, while Latin America is sub-segmented into Brazil, Mexico and Rest of Latin America. Asia Pacific is further split into China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific (APAC), while Europe is further categorized into Germany, France, Italy, the UK, Spain, Russia, the Czech Republic, and Rest of Europe. The MEA region is divided into South Africa, Egypt, Morocco, and the Rest of MEA.
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Over the years, the use of exhaust systems has grown as more functions are added to these systems. Originally, the exhaust system was a simple duct system that was designed to prevent toxic exhaust gases from entering the driver’s seat. The modern exhaust system helps reduce the noise and improves vehicle’s fuel economy and power. Every year, the amount of pollution increases globally; therefore, most countries have implemented stringent regulations to reduce the level of combustion-related gases, which has increased the use exhaust systems in the vehicles.
As per Growth Market Reports industry analyst Anirudh Dhole, “The global exhaust system market is anticipated to grow at a substantial pace during forecast period, from 2020 to 2027, due to the rise in the use of personal vehicles and implementations of strict regulations imposed by various governments on vehicle emission. Moreover, growth in use of heavy commercial vehicles due to the expansion of the global e-commerce industry is projected to create opportunities in the exhaust system market.
Key Takeaways from the Study
- Faurecia, a France-based company, and Tenneco Inc., the US based company, held a majority share of the global exhaust system market in 2019.
- The passenger cars segment held a majority share of the market in 2020 owing to the growth in the sale of passenger cars in developing regions. The heavy commercial vehicles segment is anticipated to expand at a significant CAGR during the forecast period.
- The OEM segment held a dominant share of the market in 2020 and is expected to expand at a substantial CAGR during the forecast period. The aftermarket segment is projected to expand at a significant pace during the forecast period due to increasing sales of exhaust system through the aftermarket channels.
- Asia Pacific is a promising region of the market. The region constituted a major share of the global market in 2020. The demand for exhaust system is expected to rise, as numerous automotive manufacturers are focusing on expansion in this region due to high demand for commercial and passenger vehicles. The market in Latin America is projected to expand at a substantial pace during the forecast period.
Report Scope
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Report Metric |
Details |
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Market Value in 2019 |
USD 79,041.7 Million |
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Market Growth Rate (from 2020 to 2027) |
4.2% |
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HistoricalData |
2017 & 2018 |
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Base Year |
2019 |
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Forecast Period |
2020 – 2027 |
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Units Considered |
Value (USD Million) and Volume (Thousand Units) |
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Market Segments |
Vehicle Types, Fuel Types, After-treatment Devices, and Channel Types |
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Regional Scope |
North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA) |
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Country Scope |
The US, Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia,Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, the U.K., Spain, Czech Republic, Russia, and Rest of Europe, South Africa, Egypt, Morocco, and Rest of MEA. |
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Key Companies Profiled |
BENTELER International, BOSAL, ContiTech AG , Dinex A/S, Eberspächer Climate Control Systems GmbH, Faurecia, Friedrich Boysen GmbH & Co. KG |
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Customization Scope |
Report customization available on request |
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Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements |
Target Audience
- Supply-side: Exhaust system manufacturers, raw material suppliers, primary respondents, and distributors.
- Demand Side: Automotive manufacturers
- Regulatory Side: Concerned government authorities,commercial research & development (R&D) institutions, and other regulatory bodies
- Associations and Industry Bodies: Energy Information Administration (EIA), International Organization of Motor Vehicle Manufacturers (OICA), European Automobile Manufacturers Associations (ACEA), Diesel Technology Forum, and others.