市場調查報告書
商品編碼
1516925
印度的汽車排氣系統的全球市場的評估:各產品類型,各零件,各車輛類型,各技術,感測器,各地區,機會,預測,2018年~2032年India Automotive Exhaust System Market Assessment, By Product Type, By Components, By Vehicle Type, By Technology, By Sensor, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度汽車排氣系統市場規模預計將從 2024 年的 38 億美元增加到 2032 年的 75.7 億美元,2025 年至 2032 年的預測期間複合年增長率為 8.98%。商用車的快速成長以及乘用車產量和需求的增加預計將推動印度汽車排氣系統市場的成長。汽車排氣系統收集並釋放廢氣,去除汽缸內的有害物質和廢氣。社會各階層可支配收入的增加以及與碳排放相關的政府標準的收緊預計將推動市場成長。印度等新興國家汽車需求和供應的增加以及排氣系統的技術創新將加速市場成長。此外,排氣設備製造商增加研發支出以及車主對車輛污染意識的提高預計將進一步推動市場成長。
此外,對燃油效率的追求以及排氣系統製造中對輕質材料的需求正在推動市場向前發展。此外,客戶對環境永續性的認識也得到了有效提高,這鼓勵了環保排氣解決方案的採用。此外,新興國家對商用車和公共交通的需求不斷增長,從而推動了全球市場的成長。除此之外,人們對空氣污染對環境和健康的負面影響的認識不斷提高,促使人們越來越多地轉向帶有排氣系統的低排放車輛,從而增加了印度汽車排氣系統市場的需求迅速增長。該市場的製造商也在顯著增強其排氣系統的功能,以滿足汽車製造商和車主不斷增長的需求。
在汽車產業,由於消費者生活水準的變化、可支配收入的增加以及汽車功能的快速進步,汽車的產銷量不斷增加。因此,對排氣系統的需求顯著增加。對豪華車的需求不斷增長以及個人化的快速發展趨勢為印度汽車排氣系統市場的參與者創造了新的市場成長機會。此外,由於人們越來越青睞高性價比乘用車,乘用車銷量大幅成長,也有助於印度市場的擴張。印度汽車排氣系統市場的主要參與者正在投資建立新工廠,以提高排氣系統解決方案的可靠性,並提供汽車製造商所需的高品質排氣系統。
本報告提供印度的依汽車排氣系統市場相關調查,提供市場概要,以及各產品類型,各零件,各車輛類型,各技術,感測器,各地區趨勢,及加入此市場的主要企業簡介等資訊。
India automotive exhaust system market is anticipated to observe a CAGR of 8.98% during the forecast period FY2025-FY2032, increasing from USD 3.80 billion in FY2024 to USD 7.57 billion in FY2032. The rapid rise in the number of commercial vehicles and growing production and demand of passenger cars are projected to propel the growth of the India automotive exhaust systems market. The automotive exhaust systems collect and release exhaust gases, eliminating poisonous substances and exhaust gases from cylinders. The increasing disposable incomes among different sections of society and vigorous government standards connected to carbon emissions are projected to propel market growth. The growing demand and supply of vehicles in emerging countries such as India and technological innovations in exhaust systems accelerate market growth. In addition, growing expenditure on R&D by exhaust manufacturers and growing awareness among vehicle owners related to vehicle pollution are further projected to propel market growth.
Additionally, the aim of fuel efficiency and the requirement for lightweight materials in exhaust system manufacturing is raising the market forward. Furthermore, among the customers, awareness of environmental sustainability is increasing efficiently, which has encouraged the adoption of eco-friendly exhaust solutions, which, in turn, is propelling India's automotive exhaust system market growth. Also, the growing need for commercial as well as public transport vehicles is rising in emerging countries which in turn is propelling the growth of the global market. In addition to this, rising awareness among the population concerning the harmful effects of air pollution on the environment as well as health will lead to a rise in a shift towards low-emission vehicles facilitated with exhaust systems thereby surging the India automotive exhaust system market demand. In addition, manufacturers in the market are significantly enhancing the functioning of exhaust systems to address the rising demand from automakers and vehicle owners.
For instance, Tenneco Exhaust India Private Limited is one of the leading companies in the India automotive exhaust system market, working on decreasing the weight of the exhaust systems and offering different products at cost-effective rates.
Production and Sales of Vehicles Pushes the Growth of the Exhaust System Market
In the automotive industry, the production and sales of vehicles are rising due to changes in the living standards of consumers, increases in disposable income, and rapid advancements in the functioning of automobiles. Therefore, the demand for exhaust systems is rising significantly. The increase in demand for luxury vehicles and a rapid trend of personalization create new market growth opportunities for India automotive exhaust system market players. In addition, the significant increase in sales of passenger cars due to a growing preference toward cost-effective passenger cars contributes to market expansion in India. Key participants in the India automotive exhaust system market are investing in establishing new plants to enhance the reliability of exhaust system solutions according to the automaker's requirements and offer high-quality exhaust systems.
For instance, Sharda Motor Industries Ltd is a front-runner in supplying and manufacturing of exhaust systems, pressed parts, catalytic converters, and independent suspension. During recent years, Sharda Motor has also been involved in different collaborations to open a new production plant that aims to produce, develop, and sell exhaust systems for commercial vehicles.
Rising Awareness Among Vehicle Owners Drives Market Demand
According to a report by the Indian Institute of Toxicology Research, during 2022-2023, a leading cause of recorded air pollution was automobiles. Exhaust systems help decrease the release of harmful gases and enhance the overall functioning of vehicles. Hence, increased awareness concerning applications of an exhaust system is driving the exhaust system market in India. In addition, the Indian Government announced different regulations concerning carbon emissions and started campaigning to spread awareness related to the harmful effects of dangerous gases. Manufacturers of automobiles are compelled to efficiently install exhaust systems in vehicles to increase their consumer base and enhance their functioning, which further drives the India exhaust system market demand significantly. Exhaust system manufacturers are working on fulfilling all the requirements of automakers to expand their footprint and product portfolio.
For instance, Faurecia Clean Mobility (FECT India Pvt. Ltd.) is currently involved in manufacturing complete emissions control assemblies and exhaust systems and has supplied various exhaust systems to original equipment manufacturers (OEMs).
Government Regulations Concerning Emission Control Products Pushes Market Growth
Stringent emission regulations and standards imposed by legal authorities are propelling the demand for exhaust systems. To decrease the environmental impacts of vehicular emissions, the Government of India is imposing vigorous regulations which compel suppliers to produce environmentally friendly automotive exhaust systems for international and domestic markets. In addition, due to strict government emission standards, exhaust system technologies are experiencing innovations and advancements, propelling the market revenue in the forecast period. Automakers are advancing exhaust systems for diesel engines to decrease the emission of nitric oxide (NOx) and address future limits of vehicle emissions. The above-mentioned factors linked with the advancement and enhancement of the India automotive exhaust system are estimated to accelerate the requirement for innovative and cost-effective exhaust systems for automobiles.
For instance, in January 2023, the Government of India announced the implementation of tough new fuel economy norms for heavy, medium, and light duty vehicles that are applicable on all new sales of commercial vehicles above 3.5 tons from 1st April 2023.
Passenger Cars Segment Registers the Largest Market Share
The passenger vehicles segment dominates with largest market revenue share in the exhaust systems market due to an increase in sales and production of passenger cars, advancement in technology of passenger cars, and increase in per capita income. The passenger car is the most preferred mode of transportation and is in high demand from middle-class families, propelling the growth of the passenger cars segment, which further accelerates the demand for exhaust systems. In addition, strict government regulations have a considerable impact on the passenger car segment owing to the higher contribution to carbon emissions. Manufacturers in the market are efficiently investing in different research and development activities to continuously advance passenger car technologies and address the increasing customer preference for fuel-efficient vehicles, propelling the demand for exhaust systems.
For instance, Futaba Industrial Gujarat Private Limited is one of the key players in the Indian automotive exhaust system market and has advanced the efficiency of exhaust systems for passenger cars as well as commercial vehicles.
Soot Sensors Segment Registers the Largest Market Share
Soot sensors are exclusively installed in diesel vehicles that have a diesel particulate filter. Both gasoline and diesel engines utilize temperature sensors, oxygen sensors, and NOx sensors. In the exhaust system, gasoline vehicles typically have one temperature sensor, while diesel vehicles use two. In addition, two oxygen sensors are employed for each catalytic converter across all vehicle types. The push to address emission reduction targets is projected to boost the adoption of exhaust sensors in vehicle exhaust systems, facilitating the capture, analysis, and monitoring of emission cases and their quantities. This trend is projected to propel the need for these sensors in the forecast period. Players are efficiently functioning on developing the performance of PM sensors to advance the effectiveness and compatibility of exhaust systems.
For instance, Standard Motor Products, Inc. is a premier producer of high-quality soot sensors, which allows technicians to make timely advancements to prevent vehicle breakdowns.
Future Market Scenario (FY2025-FY2032F)
Rapid innovation in exhaust system technology, comprising exhaust gas recirculation systems and others, has increased owing to stringent government regulations concerning pollution, which are anticipated to drive the sales and production of automotive exhaust systems.
In India, rapid urbanization and a rise in disposable income are driving the requirement for automobiles, further accelerating the India automotive exhaust system market's growth.
Heavy funding by companies in different research and development activities to advance the efficiency and compatibility of exhaust systems is increasing demand from automakers for exhaust systems.
The rapid acceptance of commercial vehicles in the logistic segment is estimated to propel the growth of the Indian automotive exhaust system market.
Key Players Landscape and Outlook
Key companies in the India automotive exhaust system market are efficiently funding different research and development activities to enhance the fuel efficiency and dependability of exhaust systems. Market participants are announcing new growth strategies, including joint ventures, new product launches, partnerships, collaborations, mergers and acquisitions, and others to develop the food print and product portfolio. In addition, the players are proposing economic products to survive in the Indian market and enlarge their competitive edge. The giant market players are working to enhance the productivity of exhaust systems and benefit clients by offering cost-effective products.
Futaba Industrial Co., Ltd., a leading company in the India automotive exhaust system market, offers car body parts and exhaust system parts for global and domestic automakers.
Marelli (India) Private Limited offers a wide variety of exhaust system products, including newly developed products with applications for catalytic converters, exhaust manifolds, spinning and heat utilization, heat collectors, and mufflers.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.