市場調查報告書
商品編碼
1472999
排氣吊架市場評估:依產品類型(2 孔排氣吊架、4 孔排氣吊架、V 型、U 型)、應用(乘用車、商用車)、地區劃分的機會和預測(2017 -2031)Exhaust Hanger Market Assessment, By Product Type [Two Holes Exhaust Hangers, Four Holes Exhaust Hangers, V-Type, U-shaped], By Application [Passenger Vehicles, Commercial Vehicles], By Region, Opportunities and Forecast, 2017-2031F |
全球排氣吊架市場規模將從2023年的402億美元成長到2031年的618.8億美元,在2024年至2031年的預測期內複合年增長率為5.54%。
人們對車輛安全意識的提高、對輕型汽車和電動汽車的需求不斷增加、製造工藝的轉型、政府加強安全法規等預計將在預測期內推動全球排氣吊架市場的增長。 汽車技術和設計的不斷發展也推動了對排氣吊架的需求。 此外,事故數量的增加、排氣吊架的耐用性有限以及車輛的磨損也增加了對排氣吊架的需求。
如今,客戶正在尋求各種修改和定制,以改善汽車的外觀和性能。 這種客製化和改裝的趨勢正在推動對具有高性能和長壽命的排氣吊架的需求。 全球永續發展意識的不斷提高以及零碳排放標準規範的不斷增加也推動了對有效排氣系統的需求。 進入者公司正在積極投資高性能排氣吊架,以確保穩定性和使用壽命。 隨著汽車的快速發展,對高性能排氣吊架的需求日益顯著增加。 製造商正在引入新的製造工藝,並與其他進入者合作,以增加汽車產量並推出新的創新車輛,這些努力也增加了全球對排氣吊架的需求。
汽車進步與創新:
汽車產業正在經歷大數據、數位科技和人工智慧的各種變革和融合,使乘用車更加安全、更人性化,從而為車主帶來更多便利。 這一轉型趨勢正在增加乘用車和商用車的產量和銷售量,進一步推動全球對排氣吊架的需求。
政府政策和措施推動了排氣吊架的需求:
各國政府頒布了各種環境永續標準,零排放標準要求使用高性能排氣吊架材料,使排氣系統高效運作。 全球嚴格的排放標準正在推動對排氣吊架的需求,這些吊架可以提供平穩的行駛並確保環境的可持續性。 為了保障消費者安全,政府推出了各種政策,企業也面臨有效利用排氣吊架的壓力。
本報告調查了全球排氣吊架市場,提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構以及影響市場成長的因素分析、案例研究、競爭格局、主要公司的簡介等等。
Global exhaust hanger market is estimated to witness a CAGR of 5.54% during the forecast period 2024-2031, rising from USD 40.2 billion in 2023 to USD 61.88 billion in 2031. Increasing awareness concerning vehicle safety, rise in demand for lightweight vehicles and electric vehicles, transformation in the manufacturing process, and growing safety regulations by the government are anticipated to drive the growth of the global exhaust hanger market across the globe in the forecast period. In addition, the constant evolution of automotive technology, and design positively propel the demand for exhaust hangers. An increase in the number of accidents, limited durability of exhaust hangers, and wear and tear in vehicles increase the need for exhaust hangers.
Consumers nowadays are looking to make different modifications and customizations to enhance the appearance and performance of their vehicles. This trend of customization and modifications fosters the demand for exhaust hangers that provide high performance and longevity. The increasing awareness of sustainability and increasing norms on zero-carbon emission standards across the globe propel the demand for effective exhaust systems. Companies in the market are actively investing in high-performance exhaust hangers to ensure stability and longevity. As automobiles are evolving rapidly, the demand for high-performance exhaust hangers is increasing more significantly. Manufacturers are introducing new manufacturing processes and collaborating with other market players to increase the production of vehicles and introduce new and innovative vehicles which further increases the demand for exhaust hanger market growth across the globe.
For instance, in March 2024, JSW MG Motor India announced a joint venture with SAIC Motors to bring innovative and futuristic technologies and aims to build a diverse portfolio to address the rising demand of consumers. This joint venture also plans to launch new cars, increasing the demand for exhaust hangers.
Advancement and Innovations in Vehicles
The automotive industry is witnessing different transformations and integration of big data, digital technology, and AI, making a passenger car safer, and user-friendly, thereby enhancing the usefulness for vehicle owners. This trend of transformation increases the production and sale of passenger and commercial vehicles which further fosters the demand for exhaust hangers across the globe more significantly. In addition, automakers are actively investing in introducing new vehicles to provide high-quality customer services and gain a competitive edge over other market players. Furthermore, by keeping consumer safety in mind, the automakers are integrating an electronic system that enables different sensors and increasing the demand for exhaust hangers to offer smoother rides. Automakers keep updating durable exhaust hangers to ensure the reliability and longevity of vehicles, thereby raising demand for commercial and passenger vehicles further boosting the requirement for exhaust hangers.
For instance, in October 2023, Hyundai Motor Company announced a joint venture with the Public Investment Fund (PIF) to set up a highly automated vehicle manufacturing plant across Saudi Arabia. This joint venture aims to manufacture nearly 50,000 vehicles annually.
Collaborations and Joint Ventures Between Automakers Push the Exhaust Hanger Demand
The collaboration, acquisitions, and joint ventures between automakers result in the introduction and sales of vehicles, increasing the need for exhaust hangers. For instance, Zhongding Group has successfully made three acquisitions in different sectors including auto components, auto retail, and aftersales. Additionally, partnerships and agreements are highly advancing the landscape of the automotive industry. These strategic collaborations between the automakers support the advancement of new manufacturing facilities, by making use of each other's expertise in manufacturing new and innovative vehicles. Hence, the demand for exhaust hangers increases significantly in the forecast period.
Moreover, the manufacturing facilities will introduce more jobs and enable knowledge transfer, increasing per capita income and economic development which further raise the demand for vehicles and exhaust hangers. The automakers in the industry are also making heavy investments in developing the functioning of automobiles and advancing the procedure of production the same. The advancement in automotive ensures consumer safety and provides a smooth ride, influencing the growth of the global exhaust hanger market across the globe.
For instance, in August 2023, Ford announced a joint venture with Changan Automobile to develop its footprint in China. The joint venture enables Ford to sell models and to supply new energy passenger vehicles.
Government Policies and Initiatives Drive the Demand for Exhaust Hangers
The government is releasing different environmental sustainability standards and zero-emission norms require the usage of high-performance exhaust hanger materials to enable the efficient functioning of exhaust systems. Strict emission standards globally increase demand for exhaust hangers that provide a smooth ride and ensure environmental sustainability. Companies are also compelled to fulfill these policies by integrating safety features that foster the demand for exhaust hangers because they reduce stress and limit movement, contributing to a smoother and quieter ride. Moreover, to ensure consumer safety governments are initiating different policies, and companies are compelled to make effective use of exhaust hangers.
For instance, in January 2024, the Canadian Motor Vehicle Safety Act was announced to define safety regulations concerning importing and manufacturing motor vehicles. The main objective of this law is to integrate basic safety features in imported and manufactured vehicles to decrease the accident rates in Canada.
Passenger Car Dominates the Exhaust Hanger Market
The segment of passenger cars registers global market growth due to an increase in disposable income, economic development in developing countries of the Asia-Pacific region, and rapid advancement in safety features of passenger cars. The customization of passenger car vehicles and modifications in aftermarket drive the exhaust hanger material demand that gives a noiseless ride, high performance, and longevity. The rising market for passenger vehicle personalization and advancement in safety features presents different market growth opportunities for exhaust hanger material market players to modify and advance the products organized for owner preferences. The increase in production for passenger cars influences the need for exhaust hangers to keep the exhaust pipe in place.
For instance, in March 2023, Tata Motors announced an accomplishment of five million passenger cars production. The objective of Tata Motors is to enable engineering and tech-empowered automotive solutions offering the future of mobility.
Asia-Pacific Leads the Exhaust Hanger Market
The Asia-Pacific dominates the largest market revenue share in the exhaust hanger market. Economic development leads to the demand for vehicles which further drives the exhaust hanger market growth in the forecast period. The change in living standards of consumers and technological advancement in vehicles propels the need for exhaust hangers due to the rising trend of customization of vehicles. The exhaust hangers are essential for holding exhaust pipes and improving overall vehicle performance. It also prevents surplus vibration and decreases noise levels, raising the demand for exhaust hangers. The stringent emission standards, rising aim on sustainability, and heavy investments in advancing materials across developing countries of the region propel the growth of the Asia-Pacific exhaust hanger market growth. Companies in the Asia-Pacific are also increasing the production of vehicles to address the rising demand for vehicles which further boosts the demand for exhaust hangers in the forecast period.
For instance, in November 2023, Nexteer Automotive announced to capitalize on its footprint in Jiangsu, China by increasing manufacturing and testing capacity to address the rising demand from both domestic and global OEM customers across the Asia-Pacific.
Future Market Scenario (2024-2031F)
Advanced safety features and an increase in demand for passenger vehicles push the need for exhaust hangers for a better driving experience.
As environmental concerns push for more sustainable technological solutions, energy-efficient exhaust hangers will gain significance.
Advancement in manufacturing procedures and rising concern about damage at high speed, increasing in demand for exhaust hangers.
Exhaust hangers will adapt to different form factors to meet the needs of various customer segments.
Key Players Landscape and Outlook
Continuous innovation characterizes this landscape, as these companies compete to outperform one another in terms of durability, reliability, and unique features. The market scenario remains positive, owing to increased demand for passenger vehicles, and rising environmental sustainability concerns. Exhaust hanger manufacturers are concerned with supply chain resilience, efficiency, and environmental practices, which will likely define the industry's future. Collaborations and partnerships between automakers, new product development, and the development of safety features are anticipated to increase competition in this fast-paced market.
In July 2023, Maruti Suzuki announced the launch of its most expensive car, Invicto. This premium MPV offers a comfortable and luxurious driving experience to consumers.
In January 2024, Renault India announced its investment of USD 6.36 billion to launch five brand new cars in the next three years to address the rising demand for Renault models.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.