Automotive Exhaust Systems Market: Vehicle Type (Passenger Car, Light Duty Vehicle, Truck, Bus), Fuel Type (Gasoline, Diesel), Aftertreatment Devices (DOC (Diesel Oxidation Catalyst), DPF (Diesel Particulate Filter), SCR (Selective Catalyst Reduction), LNT (Lean NOx Trap) and Region – Global Industry Sizing, Growth, Trend, Opportunity and Forecast (2020-2025)
The Automotive Exhaust System Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by major market players operating in the global market. It involves in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will offer one of the most comprehensive analyzes of the market, capturing all aspects of the Automotive Exhaust System industry.
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Automotive Exhaust System: Market Introduction
The automotive exhaust system is an automotive component used to regulate exhaust gases from engine combustion. Automotive exhaust manifold, automotive exhaust valve, automotive exhaust filter, muffler, muffler, catalytic converter and vehicle exhaust pipe are the major components of an automotive exhaust system . Automotive exhaust systems reduce harmful emissions from the exhaust gases of an internal combustion engine. The catalytic converter is one of the important and expensive automotive exhaust system components that increases the fuel economy of vehicles. In addition, the materials used in automotive exhaust systems are developed with lightweight materials and also have thermal and mechanical durability.
Automotive Exhaust System: Market Dynamics
Strict vehicle emission standards/regulations across the globe to reduce pollution as well as increase fuel economy are some of the key factors driving the growth of the automotive exhaust systems market. Additionally, an increase in the number of on-road vehicles directly affects the production of commercial vehicles, which will fuel the growth of the automotive exhaust systems market.
According to OICA (full form), in 2019 car production decreased by around 5.2% due to an increase in the sale of used cars as well as the introduction of BS-VI, which increased the price of the vehicle. These factors are hampering the growth of the automotive exhaust systems market.
Growing consumer awareness of environmental safety compels manufacturers to develop high-quality, low-emission exhaust systems. These factors are expected to fuel the growth of the automotive exhaust systems market over the forecast period. Moreover, automakers are also focusing on developing environment-friendly products, which will be the USP (unique selling point) for new cars and positively boost the growth of the global automotive exhaust systems market.
Rising sales and production of electric vehicles globally is one of the major challenges in the automotive exhaust systems market. The government of many countries subsidize electric cars, which has a direct impact on sales of conventional vehicles. A decline in traditional vehicle sales is negatively affecting the growth of the automotive exhaust systems market.
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The report outlines the study of Automotive Exhaust Systems market on the basis of vehicle type, fuel type, and after-treatment devices.
Based on vehicle type, the automotive exhaust systems market is segmented into
- Passenger car
- commercial vehicle
- Light commercial vehicles
On the basis of fuel type, the automotive exhaust systems market is segmented into
On the basis of after-treatment devices, the automotive exhaust systems market is segmented into
- DOC (Diesel Oxidation Catalyst)
- DPF (diesel particulate filter)
- SCR (selective catalytic reduction)
- LNT (low NOx trap)
Automotive exhaust systems market by vehicle type, 2018-2025 (USD billion)
Source: MSG Analysis, 2020
Automotive Exhaust Systems Market: Regional Monitoring
The global automotive exhaust system market is segmented into North America, Europe, Asia-Pacific is expected to dominate the global automotive exhaust system market, followed by Europe and North America. In Asia-Pacific, the growing demand for passenger cars among middle-class populations has a direct impact on the production of the automotive exhaust system. This factor is expected to drive the automotive exhaust systems market over the forecast period. Developing countries such as India and China are the emerging economies in the automotive exhaust systems market owing to the increase in the number of dual income households. Growing demand in developing countries for automotive exhaust system is encouraging OEMs to set up manufacturing industries. Additionally, APAC is the fastest growing region in the global automotive exhaust systems market owing to the growing demand for commercial vehicles and passenger cars.
Automotive Exhaust Systems Market Growth by Region, 2020-2025
Source: MSG Analysis, 2020
Europe also holds a major share of the global automotive exhaust systems market owing to the huge fleet of diesel passenger cars and LCVs. In addition, diesel passenger cars and light commercial vehicles are estimated to contribute significantly to the growth of the European automotive exhaust systems market. North America holds the largest share of automotive exhaust systems for light-duty vehicles market owing to the large fleet of light-duty vehicles and increasing production of light-duty vehicles. This factor is expected to fuel the growth of the automotive exhaust systems market. South America is expected to grow with a moderate growth rate due to the increase in passenger cars in Brazil and Argentina.
Automotive Exhaust Systems Market: Competitive Landscape
The major manufacturers in the global automotive exhaust systems market are Faurecia SA, Tenneco Incorporation, Continental AG, Eberspächer GmbH & Co.Kg., Friedrich Boysen GmbH & Co. Kg., Futaba Industrial Corporation Limited.
Other major companies in the market are Benteler International AG, Yutaka Giken CO. Ltd., Bosal International NV. and Sejong Industrial Co. Ltd.
- In June 2018, Continental in Trutnov, Czech Republic opened a combined manufacturing and storage facility for NOx sensors. The two surface mount technology (SMT) development lines will produce printed circuit boards that will improve the NOx sensor manufacturer
- In February 2017, exhaust systems with GPF were developed by Eberspächer. The use of special filters ensures that the amount of soot particles in the exhaust gases is well below the regulatory limit. As a result, the systems adhere to the upcoming Euro 6 point emission standard. The filters also reduce exhaust noise in the engine.
- Taicang Sejong Auto Parts Co., in May 2018. Ltd. entered into a contract with Changan Automotive to offer mufflers to the Chinese automaker. The goods are designed for three upcoming models, which are expected to begin mass production in 2019.
The Automotive Exhaust Systems market report provides an in-depth analysis of macroeconomic factors along with the market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.
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The Automotive Exhaust Systems Market Report Covers Comprehensive Analysis on:
- Market dynamics
- Market segmentation
- Regional analysis
- Market size in value
- Price analysis
- Business analysis
- Market Factor Analysis
- Market trends
- Regulatory landscape
- Competition landscape
- Company Profiles
The regional analysis includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
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Automotive Exhaust Systems Market: Target Audience
- Automotive Exhaust System Manufacturers
- Auto/car/vehicle manufacturers
- Trade publications and magazines
- Government authorities and magazines