The global exhaust system market was valued at around USD 79,041.7 Million in 2019 and is projected to reach USD 93,815.5 Million by 2027, expanding at a CAGR of 4.2% during the forecast period. An exhaust system is considered as one of the integral components of an automobile. This system consists of extensive piping, which is directly employed in the interior of the engine to control the combustion of a vehicle.
Each pipe of the exhaust system is responsible for moving the exhaust gas toward the back of the vehicle. The main function of the exhaust system is to collect the exhaust gases from the cylinder, reduce the noise, eliminate harmful substances, and purify gases from the exhaust.
The exhaust system market is driven by factors such as increase in the demand for safety comfort, and ride quality. The growth of the market is attributed to the strict regulations imposed by governments on automakers and ventilation system manufactures. Conversely, rising demand of battery electric vehicles and high cost of lightweight exhaust systems are expected to restrain the market. Increase in R&D activities by the OEMs to provide superior exhaust systems are boost the market.
By Vehicle Types
Passenger cars are motor vehicles that have four wheels and comprise not more than eight seats, in addition of the driver’s seats. A passenger car is one of the most common vehicles for personal transport conveyance in developed countries, while their number is increasing in developing economies due to the rise in capita income. The demand for passenger cars is growing in various countries due to the emergence of vehicle financing. Moreover, people are buying passenger cars, as it is a sign of social status in most developing countries.
Light Commercial Vehicle
Light commercial vehicles have at least four-wheel and are used for the transportation of goods and/or passengers. According to the Organization of the Motor Vehicle Manufacturer (OICA), light commercial vehicles are also known as special vehicles. A light commercial vehicle can carry a mass between 3.5 and 7 tons. North America produces maximum number of light commercial vehicles. Light commercial vehicles have many small systems such as chassis systems, steering systems, exhaust systems, and interior & exterior systems.
Heavy Commercial Vehicle
According to the OICA, the heavy commercial vehicle can carry weight of more than 7 tons. Heavy commercial vehicles are used for the transportation of goods and/or people. These vehicles are specially designed to carry more than 10 passengers and heavy loads that cannot be transported by ordinary load-carrying vehicles. Heavy commercial vehicles are embedded with many systems such as suspension system, exhaust system, chassis system, exterior system, and interior system. The demand for heavy commercial vehicles is growing in Asia Pacific, due to the improvements in road infrastructure and rise of logistics businesses.
By Sales Channels
Original Equipment Manufacturers (OEMs)
An original equipment manufacturer (OEM) manufactures and sells goods or components to consumers or other companies. An OEM could make a complete device or just a certain component, which can be configured by the reseller. Most of the OEMs work closely with the sellers to provide the exact type of finished products, which are needed by the buyers.
By After-treatment Devices
Based on after-treatment devices the market is categorized as diesel oxidation catalyst (DOC), diesel particulate filter (DPF), lean NOx trap (NNT), selective catalyst reduction (SCR), and gasoline particulate filter (GPF). The gasoline particle filter segment held a significant share of the market in 2019 due to the presence of a larger number of gasoline vehicles. Moreover, the selective catalyst reduction (SCR) segment is projected to expand at a significant CAGR during the forecast period, as it reduces nitrogen oxide emission by 90% as opposed to lean NOx trap. This, in turn, increases their preference in diesel vehicles in various countries. Selective catalyst reductions are mostly installed in vehicles in Europe and North America owing to the implementation of rigid emission norms such as Euro 6 and Tier 3, respectively.
Diesel Oxidation Catalyst (DOC)
Diesel Oxidation Catalyst (DOC) is considered a catalytic converter, which is designed specifically for diesel engines to reduce hydrocarbons (HC), carbon monoxide (CO), and particulate matter (PM) emission. The main purpose of DOC is to break down the harmful pollutants from the diesel engine in the exhaust system and convert them into less harmful components. Diesel oxidation catalysts are used in almost all vehicles that use diesel engines such as heavy-duty trucks, urban transit buses, and passenger cars.
Selective Catalyst Reduction (SCR)
Selective catalyst reduction (SCR) is one of the advanced active emission control technology systems, which injects a liquid-reductant agent into the exhaust stream of the diesel engine. SCR after-treatment devices that help reduce nitrogen oxide (NOX). Recently, the demand for SCR is expected to grow due to favorable government policies across the globe.
Gasoline Particulate Filter (GPF)
Gasoline particulate filters (GPFs) are used for removing particulate matter from exhaust systems of the gasoline direct injection (GDI) engines. These after treatment devices are commonly are used to reduce carbon emission in the environment, as various automobile manufacturers are concentrating on developing vehicles which generates less amount of carbon emission. Moreover, the demand for GDI vehicles is growing due to regulations imposed by various governments to reduce CO2.
In terms of regions, the exhaust system market is classified as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific accounts for a significant share of the market, followed by Europe. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period. The growth of the market in Asia Pacific is attributed to the substantial rise in the use of automobiles. Moreover, technical advancement in exhaust systems and high automobile production are expected to boost the demand for exhaust systems. The growth of exhaust system market in Europe is attributed to the presence of established players in the region that are engaged in the development and introduction of novel products.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global exhaust system market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and Region exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global exhaust system market performance
By Vehicle Types
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Fuel Types
By After-Treatment Devices
- Diesel Oxidation Catalyst (DOC)
- Diesel Particulate Filter (DPF)
- Lean NOX Trap (NNT)
- Selective Catalyst Reduction (SCR)
- Gasoline Particulate Filter (GPF)
By Channel Types
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- BENTELER International
- ContiTech AG
- Dinex A/S
- Eberspächer Climate Control Systems GmbH
- Friedrich Boysen GmbH & Co. KG
- FUTABA INDUSTRIAL CO.,LTD.
- KATCON GLOBAL
- Sejong Industrial Co.,Ltd.
- Sharda Motor Industries Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited
- Key players in the market include BENTELER International, BOSAL, ContiTech AG, Dinex A/S, Eberspächer Climate Control Systems GmbH, Faurecia, Friedrich Boysen GmbH & Co. KG, FUTABA INDUSTRIAL CO.,LTD., KATCON GLOBAL, MagnaFlow, Sango, Sejong Industrial Co.,Ltd., Sharda Motor Industries Ltd., Tenneco Inc., and Yutaka Giken Company Limited. These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
- The aforementioned players are adopting key strategies such as product development and geographical expansion to increase their presence and share in the exhaust system market.
- In 2020, Tenneco Inc. delivered the exhaust system to the Chevrolet Corvette. The company supplied acoustic and thermal management solutions exhaust in a unique system design.
- In 2019, Eberspächer Climate Control Systems GmbH decided to build a new exhaust system plant in Mexico. The new plant is expected to have 15,000 square meters of manufacturing space.
- In 2019, Faurecia strengthened its presence in Japan by building a clean mobility manufacturing plant.