The global automotive exhaust system market size was around USD 100.81 billion in 2022 and is expected to reach USD 170.32 billion by 2031 expanding at a CAGR of around 6% during the forecast period, 2023 to 2031. The growth of the market is attributed to the increasing sales of passenger and commercial vehicles across developing countries.
An automotive exhaust system refers to a system of several components that move burnt air and fuel mixture out of the engine. The system guides exhaust gases away from controlled combustion from inside the engine.
The exhaust system contains several components such as connectors, mufflers, exhaust manifolds, oxygen sensors, catalytic converters, exhaust pipes, and others. Exhaust manifolds work as carriers to exhaust gases from the exhaust through valves, pistons, and exhaust manifolds.
Catalytic converters are used to separate any harmful particles and pollutants from exhaust gases. The exhaust gases are, then, passed through exhaust pipes, mufflers, and tailpipes. Exhaust pipes carry exhaust gases through the system from catalytic converters to mufflers. Mufflers are used to filter and reduce exhaust noises.
The main function of the automotive exhaust system is to collect exhaust gases from cylinders, reduce noise levels, remove any harmful substances, and reduce any harmful discharges. Exhaust system technologies help with improved style, upgraded horsepower, and enhanced fuel economy. Exhaust system technologies improve air quality inside the vehicle, reduce accident risks, and increase gas mileage.
COVID-19 Impact on Automotive Exhaust System Market
COVID-19 has impacted the global automotive exhaust system market negatively. The lockdown, travel bans, social distancing norms, travel restrictions, and other pandemic-related regulations resulted in the unavailability of labor & raw materials, a halt in the production lines, shutdowns of several manufacturing units, and disruption in the supply chain.
The demand for automobiles decreased during the pandemic, due to travel restrictions and the lockdown across the globe. The automotive production volume declines in regions such as Europe, Asia Pacific, and North America. The slowdown faced by the automobile industry affected the automotive exhaust system market negatively as well.
However, the gradual relaxation of the pandemic-related restrictions in recent years is expected to boost the demand for new and advanced vehicles across the globe. The rising demand for passenger cars from the middle-class population boosts the automobile industry as well as the global automotive exhaust system market.
Automotive Exhaust System Market Dynamics
The global automotive exhaust system market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global automotive exhaust system market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Automotive Exhaust System Market Major Trends
A growing number of consumers are inclining toward low-emission vehicles to adhere to stringent government policies and avoid any long-term environmental hazards. Several automotive exhaust system manufacturers are investing in research and development activities to develop exhaust systems compatible with low-emission vehicles.
Automotive Exhaust System Market Key Drivers
Rapid urbanization, changing lifestyles, and growing disposable income among consumers in developing countries such as India, Japan, and China are boosting the demand for technologically advanced vehicles in these countries. Increasing demand and production of vehicles in developing countries fuel the global automotive exhaust system market growth.
Governments across the globe have made stringent policies and regulations regarding automotive carbon emissions, which automotive manufacturers and OEMs have to adhere to. Automobile and automotive component manufacturers continuously develop technologically advanced, environmentally friendly, and efficient products to follow those policies. This spurs the growth of the global automotive exhaust system market.
Automotive Exhaust System Market Existing Challenges
An increasing number of consumers are becoming aware of automotive carbon emissions and their negative effects on the environment. Supportive government subsidies and tax exemption policies facilitate the increasing demand for electric vehicles such as cabs, buses, utility trucks, two-wheelers, and others. The operation costs of electric vehicles are less than gasoline and diesel vehicles, which boosts their demand further. This factor restrains the global automotive exhaust system market growth.
Automotive Exhaust System Market Emerging Opportunities
Increasing demand for fuel efficiency, reduction in carbon emission, and other technological advancements in the automotive industry propel key market players to invest in developing innovative and advanced automotive exhaust systems. Continuous research and development activities offer growth opportunities to the key market players.
Scope of Automotive Exhaust System Market Report
The global automotive exhaust system market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Exhaust System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Component (Connector, Muffler, Exhaust Manifold, Oxygen Sensor, Catalytic Converter, Exhaust Pipe, and Others), Fuel Type (Diesel, Gasoline, and Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Others), Technology (Diesel Particulate Filter, Diesel Oxidation Catalyst, Gasoline Particulate Filter, Selective Catalytic Reduction, Exhaust Gas Recirculation, and Others), and Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Faurecia; Vitesco Technologies GmbH; Continental AG; Sejong Industrial Co., Ltd.; Eberspächer; Yutaka Giken Co., Ltd.; BENTELER International; FUTABA INDUSTRIAL CO.,LTD.; Tenneco Inc.; Friedrich Boysen GmbH & Co. KG; BASF SE; Umicore; Johnson Matthey; Klarius Products Ltd; Harbin Airui Automotive Exhaust Systems Co. Ltd.; BOSAL; SANGO Co., Ltd.; Marelli Holdings Co., Ltd.; BorgWarner Inc.; Donaldson Company, Inc.; Dinex A/S; DCL International Inc.; Eminox; MagnaFlow; Sharda Motor Industries Ltd.; DENSO CORPORATION; and Others
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Automotive Exhaust System Market Segment Insights
On the basis of component, the global automotive exhaust system market is divided into connector, muffler, exhaust manifold, oxygen sensor, catalytic converter, exhaust pipe, and others.The muffler segment is projected to hold a key market share during the forecast period, owing to increasing sales of mufflers as a component of automotive exhaust across the globe. Growing demand for low noise and emission exhaust systems boosts the demand for mufflers globally. Strict carbon emission and noise pollution government regulations drive the demand for mufflers.
The exhaust manifold segment is anticipated to expand at a significant pace during the forecast period, as the exhaust manifold is an important component of an automotive exhaust system. An exhaust manifold is placed between the engine exhaust and the muffler. It aids in protecting the silencer and the engine of a vehicle by collecting the engine exhaust.
The exhaust manifold helps in managing high temperatures and fluctuating exhaust flow rates to save the engine from any damage. These are some of the key factors spurring the growth of the exhaust manifold segment.
Based on fuel type, the global automotive exhaust system market is separated into diesel, gasoline, and others.The gasoline segment is projected to hold a significant market share during the forecast period, owing to the high preference of consumers for gasoline vehicles over diesel vehicles. The gasoline segment held around 80% of the market revenue share in 2020, and it is expected to hold the dominant position in the coming years. Increasing sales of passenger cars in developing countries is one of the major factors driving the gasoline segment growth.
The diesel segment is anticipated to grow in the coming years, owing to stringent government emission regulations. Rising awareness regarding negative environmental effects due of pollution and wide availability of a range of diesel-based vehicles spur the diesel segment growth.
The others segment is expected to register rapid growth during the forecast period, due to the increasing adoption of electric vehicles across the globe. High demand for clean & emission-less fuel to meet the government regulations regarding carbon emission drives the others segment growth.
In terms of vehicle type, the global automotive exhaust system market is segregated into passenger car, light commercial vehicle, heavy commercial vehicle, and others.The passenger car segment is expected to drive the global market during the forecast period, owing to increasing sales of passenger cars in developing countries. The growing population, rising disposable income, and wide availability of a variety of passenger cars in developing countries boost the demand for passenger cars. The rising demand for passenger cars results in the expansion of the global automotive exhaust system market globally.
The heavy commercial vehicle segment is anticipated to expand rapidly in the coming years, due to the rising demand for heavy commercial trucks in the logistics and transportation sectors. Rapid urbanization, continuously changing lifestyles, and growing inclination towards goods getting delivered among consumers spur the demand for heavy commercial vehicles. This factor boosts the growth of the heavy commercial vehicle segment.
On the basis of technology, the global automotive exhaust system market is segregated into diesel particulate filter, diesel oxidation catalyst, gasoline particulate filter, selective catalytic reduction, exhaust gas recirculation (egr) system, and others.The gasoline particulate filter segment is estimated to hold a key market share during the forecast period, owing to increasing demand for gasoline particulate filters to reduce carbon emission levels of gasoline direct injection-based engines. Gasoline particulate filters are used to prevent soot accumulation and continuous regeneration of filters. This helps gasoline particulate filters to nullify the effects of carbon emissions and fuel the gasoline particulate filter segment growth.
In terms of distribution channel, the global automotive exhaust system market is bifurcated into original equipment manufacturers (OEMs) and aftermarket.The original equipment manufacturers (OEMs) segment is estimated to register rapid growth during the forecast period, due to stringent government regulations regarding automotive carbon emissions across the globe.
These stringent regulations and policies encourage OEMs to develop advanced exhaust systems. An increasing number of OEMs are manufacturing technologically advanced exhaust systems to adhere to government policies. These are the major factors propelling the growth of the OEMs segment.
Based on region, the global automotive exhaust system market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.The automotive exhaust system market in Asia Pacific is expected to register a high CAGR during the forecast period, owing to increasing sales of passenger cars across several developing countries.
Rapid urbanization, changing lifestyles, and growing disposable incomes among consumers in countries such as India, China, and Japan are some of the major factors boosting the automotive exhaust system market in Asia Pacific. The wide availability of low-cost resources and labor in the region results in a growing number of automotive manufacturing plants in Asia Pacific, which boosts the automotive exhaust system market in the region.
The automotive exhaust system market in Europe is anticipated to expand significantly during the forecast period, as stringent government regulations regarding carbon emissions across the region. These stringent regulations propel automotive manufacturers to develop innovative automotive exhaust systems to meet government regulations. Rising demand for low-emission vehicles in Europe fuels the automotive exhaust system market in the region.
Segments
The global automotive exhaust system market has been segmented on the basis of
Component
- Connector
- Muffler
- Exhaust Manifold
- Oxygen Sensor
- Catalytic Converter
- Exhaust Pipe
- Others
Fuel Type
Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Others
Technology
- Diesel Particulate Filter
- Diesel Oxidation Catalyst
- Gasoline Particulate Filter
- Selective Catalytic Reduction
- Exhaust Gas Recirculation
- Others
Distribution Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Faurecia
- Vitesco Technologies GmbH
- Continental AG
- Sejong Industrial Co., Ltd.
- Eberspächer
- Yutaka Giken Co., Ltd.
- BENTELER International
- FUTABA INDUSTRIAL CO.,LTD.
- Tenneco Inc.
- Friedrich Boysen GmbH & Co. KG
- BASF SE
- Umicore
- Johnson Matthey
- Klarius Products Ltd
- Harbin Airui Automotive Exhaust Systems Co. Ltd.
- BOSAL
- SANGO Co., Ltd.
- Marelli Holdings Co., Ltd.
- BorgWarner Inc.
- Donaldson Company, Inc.
- Dinex A/S
- DCL International Inc.
- Eminox
- MagnaFlow
- Sharda Motor Industries Ltd.
- DENSO CORPORATION
- Others
Competitive Landscape
Key players competing in the global automotive exhaust system market are Faurecia; Vitesco Technologies GmbH; Continental AG; Sejong Industrial Co., Ltd.; Eberspächer; Yutaka Giken Co., Ltd.; BENTELER International; FUTABA INDUSTRIAL CO.,LTD.; Tenneco Inc.; Friedrich Boysen GmbH & Co. KG; BASF SE; Umicore; Johnson Matthey; Klarius Products Ltd; Harbin Airui Automotive Exhaust Systems Co. Ltd.; BOSAL; SANGO Co., Ltd.; Marelli Holdings Co., Ltd.; BorgWarner Inc.; Donaldson Company, Inc.; Dinex A/S; DCL International Inc.; Eminox; MagnaFlow; Sharda Motor Industries Ltd.; DENSO CORPORATION; and others.
Some of these major companies have adopted various business development strategies including acquisitions, mergers, collaborations, partnerships, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In March 2021, Eberspächer, an international automotive supplier, opened a new plant for exhaust technology in Ramos Arizpe, Mexico. The new plant manufacturers complete emission control systems, particulate filters, catalytic converters, and others to strengthen the production network of the company.
- In March 2021, Tenneco Inc., a US-based original equipment manufacturer for automotive components, partnered with Eaton Corporation plc, the US and Ireland-based multinational power management company to produce an integrated exhaust thermal management system. The system facilitates manufacturers of light vehicles and commercial trucks to meet emission regulations.
- In April 2019, Faurecia, a France-based global automotive supplier, opened the first Clean Mobility manufacturing plant in Japan. The new plant facilitates the expansion of the customer base of the company in Japan.
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