Product Code: CMI7080
The global automotive exhaust systems market is estimated to be valued at US$ 44.13 Bn in 2024 and is expected to reach US$ 71.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.
Figure 1. Automotive Exhaust Systems Market Share (%), By Region, 2024
The global automotive exhaust systems market has been growing steadily over the past few decades. Various factors such as stringent emission norms, advancement in engine technology, and materials used have pushed the demand for efficient exhaust systems. Automotive exhaust systems play a vital role in controlling tailpipe emissions from vehicles. Recent years have seen governments across major economies implementing stringent emission regulations such as Euro 6 and BS 6 to curb air pollution. This has compelled automakers to focus on developing advanced exhaust components that can meet regulatory standards. Furthermore, with growing awareness about environmental protection, consumers too prefer vehicles with cleaner exhaust systems. Going forward, the market is expected to be shaped by tightening emission rules as well as rising demand for hybrid and electric vehicles worldwide.
Market Dynamics:
The global automotive exhaust systems market is driven by stringent emission norms implemented by several countries. Most nations have framed regulations to limit vehicular pollution and improve urban air quality. This has prompted automakers to design optimized exhaust components for purifying exhaust gases before release. However, high initial costs associated with advanced emission control technologies pose a challenge for widespread adoption. Moreover, the rising popularity of electric vehicles could dent the demand for combustion engine vehicles and associated components like exhaust systems in the long run. On the bright side, growing penetration of hybrid vehicles opens new opportunities for manufacturers as they require dual exhaust structures. Several companies are also developing innovative exhaust heat recovery systems to enhance fuel efficiency in conventional vehicles.
Key Features of the Study:
- This report provides an in-depth analysis of the global automotive exhaust systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global automotive exhaust systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include BENTELER International Aktiengesellschaft, BOSAL, Continental AG, Eberspacher, FORVIA Faurecia, FUTABA INDUSTRIAL CO. LTD, Boysen, Sejong Industrial Co.Ltd., Tenneco Inc., Yutaka Giken Company Limited, Johnson Matthey, BASF SE, Umicore, Klarius Products Ltd, and Cummins Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global automotive exhaust systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive exhaust systems market.
Detailed Segmentation:
- By Component
- Manifold
- Exhaust Pipes
- Muffler
- Connector
- Oxygen Sensor
- By Fuel Type
- Gasoline
- Diesel
- Alternate Fuels
- By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Key Players Insights
- BENTELER International Aktiengesellschaft
- BOSAL
- Continental AG
- Eberspacher
- FORVIA Faurecia
- FUTABA INDUSTRIAL CO. LTD
- Boysen
- Sejong Industrial Co.Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited
- Johnson Matthey
- BASF SE
- Umicore
- Klarius Products Ltd
- Cummins Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Fuel Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of COVID-19 Pandemic
4. Global Automotive Exhaust Systems Market, By Component, 2019-2031 (US$ Bn)
- Manifold
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Exhaust Pipes
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Muffler
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Connector
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Oxygen Sensor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
5. Global Automotive Exhaust Systems Market, By Fuel Type, 2019-2031 (US$ Bn)
- Gasoline
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Diesel
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Alternate Fuels
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
6. Global Automotive Exhaust Systems Market, By Vehicle Type, 2019-2031 (US$ Bn)
- Passenger Cars
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Light Commercial Vehicle
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Heavy Commercial Vehicle
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
7. Global Automotive Exhaust Systems Market, By Region, 2019-2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By Vehicle Type, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
8. Competitive Landscape
- Company Profiles
- BENTELER International Aktiengesellschaft
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- BOSAL
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Continental AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Eberspacher
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- FORVIA Faurecia
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- FUTABA INDUSTRIAL CO. LTD
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Boysen
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Sejong Industrial Co.Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Tenneco Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Yutaka Giken Company Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Johnson Matthey
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- BASF SE
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Umicore
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Klarius Products Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cummins Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
9. Wheel of Fortune
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Reference and Research Methodology
- References
- Research Methodology
- About us and Sales Contact