IMARC Group has recently released a new research study titled “Automotive Exhaust System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What is the outlook for the automotive exhaust system market?
The global automotive exhaust system market is expected to exhibit a CAGR of 6% during 2022-2027.
Automotive Exhaust System: Uses and Application
The automotive exhaust system plays a crucial role in removing waste combustion products from the engine and reducing its overall noise. It consists of exhaust valves that allow burned gases and particulate matter to pass through ports into exhaust manifolds. These manifolds, attached to the engine, merge the channels into a single outlet pipe. The exhaust gases are then discharged into the atmosphere through resonators and mufflers before exiting the tailpipe. These systems are designed to capture specific pollutants, release purified exhaust gases, and reduce the environmental impact of vehicles.
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Market Trends:
With increasing air pollution levels and growing environmental concerns, governments across the globe are adopting stringent policies to minimize exhaust emissions from automobiles, which represents one of the primary factors creating a positive outlook for the market. In line with this, original equipment manufacturers (OEMs) are developing advanced automotive exhaust systems to reduce adverse environmental impact and increase their consumer base. They are also rapidly innovating in exhaust system technologies, such as exhaust gas recirculation (EGR) and exhaust after-treatment systems, to comply with set car pollution standards, which, in turn, is boosting the automotive exhaust system market growth.
Moreover, the surging demand for cars equipped with modern exhaust systems and burgeoning investments in research and development (R&D) activities are providing an impetus to the market growth. Furthermore, the integration of mass dampers and decoupling elements, and inflating consumer per capita incomes are propelling the market growth.
Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global automotive exhaust system market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Benteler International Aktiengesellschaft
- Bosal International (Bosal Nederland B.V.)
- Eberspächer Gruppe GmbH & Co. Kg
- Faurecia
- Friedrich Boysen Holding GmbH
- Futaba Industrial Co. Ltd.
- Sango Co. Ltd.
- Sejong Industrial Co. Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited (Honda Motor Company)
Report Segmentation:
The report has segmented the global automotive exhaust system market on the basis of component type, after-treatment device, vehicle type, fuel type, distribution channel and region.
Based on Component Type:
- Manifold
- Downpipe
- Catalyst Converter
- Muffler
- Tailpipe
- Others
Breakup by After-Treatment Device:
- Diesel Oxidation Catalyst System
- Diesel Particulate Filter
- Selective Catalytic Reduction System
- Exhaust Gas Recirculation System
- Gasoline Particulate Filter
- Others
Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Others
Fuel Type:
- Diesel
- Gasoline
Distribution Channel:
- OEM
- Aftermarket
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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