Global Automotive Exhaust System Market 2024-2030

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    AUTOMOTIVE EXHAUST SYSTEM MARKET

     

    INTRODUCTION

    Automobile regulations are becoming the center of focus amid growing global concern over environmental pollution. Exhaust system plays a crucial role in ensuring that exhaust gases are discharged smoothly so that the engine can run at complete potential. The other significant importance of exhaust system is to reduce the noise and reduce the temperature and pressure of exhaust gas. However, growing demand for electric vehicles will hamper the growth.

     

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    AUTOMOTIVE EXHAUST SYSTEM MARKET SEGMENTATION

     

    Automotive Exhaust System Market By After Treatment Devices

    • Diesel Oxidation Catalyst (DOC)
    • Diesel Particulate Filter (DPF)
    • Gasoline Particulate Filter (GPF)
    • Exhaust Gas Recirculation (EGR)
    • Selective Catalytic Reduction (SCR)
    • Others

     

    Automotive Exhaust System Market By Component

    • Catalytic Converters
    • Exhaust Manifold
    • Exhaust Downpipe
    • Sensors
    • Mufflers
    • Tailpipe

     

    Automotive Exhaust System Market By Fuel Type

    • Gasoline
    • Diesel

     

    Automotive Exhaust System Market By Vehicle Type

    • Passenger Cars
    • Heavy Commercial Vehicle
    • Light Commercial Vehicle
    • Two Wheeled Vehicles

     

    Automotive Exhaust System Market By Geography

    • US
    • Europe
    • China
    • India
    • ROW

     

    AUTOMOTIVE EXHAUST SYSTEM MARKET DYNAMICS

    In order to adhere to the increasing stringent regulations introduced by the governments across the world, manufacturers of exhaust system are focussing on research and development activities. Constant demand for fuel efficient automobiles is driving the market. Further innovations in various components to meet the emission control regulations will drive the market.

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    AUTOMOTIVE EXHAUST SYSTEM MARKET BY AFTER TREATMENT DEVICES

    Based on the technology used selective catalytic reduction has gained highest market share due to its high fuel efficient technology and cost reduction. It is a relatively new technology and is able to reduce NOx emission by 70-80%. Other technologies such as DPF, DOC and GPF are used for filtering the harmful gases. However due to its inability to reduce NOx emission these are used along with the SCR technology. GPF (Gasoline Particulate Filter) among the 3 finds wider application due to increased number of gasoline run vehicles.

     

    The below chart shows the market share of different after treatment types:

     

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    AUTOMOTIVE EXHAUST SYSTEM MARKET BY FUEL TYPE

    Gasoline (petrol) holds the highest revenue share. The higher number of gasoline driven is one major factor. Along with that the higher amount of carbon emissions from diesel vehicles has led to its phasing out in major markets such as China and US.

     

     

    AUTOMOTIVE EXHAUST SYSTEM MARKET BY COMPONENT

    Catalytic converter occupies the highest share in the industry. The tailpipe segment is expected to gain larger revenue in the future.

     

     

    AUTOMOTIVE EXHAUST SYSTEM MARKET BY VEHICLE TYPE

    The passenger cars hold the major market share. The new regulations have led to continuous upgrade in the exhaust system of the cars. The rise of electric passenger cars will restrain the growth of the exhaust system in this segment. Commercial vehicles particularly heavy duty vehicles occupy the next highest market share.

     

     

    US AUTOMOTIVE EXHAUST SYSTEM MARKET

    The Tier-3 standard in US is the most stringent regulation in the world and it is fuel neutral i.e. same emission limits regardless any fuel.

     

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    Almost every top selling passenger cars in the region come with twin exhaust tailpipe. Thus, the tailpipe market substantially increases.

     

     

    EUROPE AUTOMOTIVE EXHAUST SYSTEM MARKET

    To meet the Euro 6 standards the automakers are considering incorporating the gasoline and diesel particulate filters for their respective engines.

     

    Every top selling car in Europe features twin tailpipe considerably increasing the market share of tailpipe.

     

     

    CHINA AUTOMOTIVE EXHAUST SYSTEM MARKET

    China is the world’s largest heavy duty vehicle market and has planned to achieve soot free by 2021. In its national standard VI, it the DPF is made mandatory for new diesel heavy duty vehicles launched after July 2021.

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    INDIA AUTOMOTIVE EXHAUST SYSTEM MARKET

    The Bharat Stage VI which went into effect from April 2020 has reduced the sulphur content to 10 ppm. This has provoked the automakers to install modern after treatment technologies such as SCR, GPF and DPF. The mandate to incorporate three way catalytic converters for petrol engines has led to surge in demand of catalytic converters.

    To know more about Automotive Exhaust After Treatment Market in India, read our report

     

    AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE AND FORECAST

    The Global Automotive Exhaust System market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2029, registering a CAGR of XX% from 2024 to 2030.

     

    There are continuous R&D activities going on among the exhaust system manufacturers to reduce the weight of the system. This will boost the market in the future.

     

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    In China, in order to meet the emission requirements the palladium required for manufacturing catalytic converters has witnessed a surge in price by 25%. This will propel the manufacturers to develop an alternative for the component, thus boosting the market.

     

     

    RECENT AUTOMOTIVE EXHAUST SYSTEM MARKET TREND

    • Vitesco Technologies has developed electric catalyst heating technology which helps in reduction of emissions in high-voltage hybrid vehicles.
      • The new DC/DC converter, the heating discs of the electrically heated EMICAT catalyst. The production is expected to begin in 2023.
    • Tula’s Dynamic Skip Fire (DSF) developed a mild-hybrid diesel vehicle which was able to reduce CO2 emissions in a 2.3 liter 4-cylinder 48-Volt light commercial vehicle.
    • In order to ensure that sufficient efforts to reduce and prevent emissions are deployed until 2030, the European climate law introduces a limit of 225 Mt of CO2 to target reduction of net greenhouse gas emissions (emissions after deduction of removals) by at least 55% by 2030.
    • In anticipation of stricter emissions regulations and in order to improve air quality, Faurecia has developed the Electrically Heated Catalyst.In anticipation of stricter emissions regulations and in order to improve air quality, Faurecia has developed the Electrically Heated Catalyst.
    • Eberspacher’s AVG2 acoustic valve is one third lighter and resistant to temperatures up to 750°C. The electric control allows the valve plate to be infinitely adjusted and enable active modification to a wide range of driving profiles.
    • Walker Emission Control with its global brand DRiV, has developed a new replacement catalytic converter and muffler. Thus, extending coverage to more than 16 million vehicles in operation in North America.
    • Eberspacher GmbH and Sharda Motor Industries have opened a new plant in Pune, to develop exhaust systems for commercial vehicles to meet BS-VI emission norms.
    • Tenneco is supplying a new range of cold end exhaust systems to GM for its new Chevrolet Corvette Stingray 2020.
    • Cummins and Tula technology has demonstrated to optimize the cylinder deactivation and thus reducing NOx emissions significantly.
    • Continental has opened a combined production and storage facility in Trutnov, Czech. The plant is expected to develop sensors to detect NOx emissions
    • Taicang Auto Parts, a Chinese subsidiary of Sejong Industrial, has reached an agreement with Chinese automaker to supply mufflers.

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    AUTOMOTIVE EXHAUST SYSTEM MARKET COMPETITIVE LANDSCAPE

    BASF pioneer in the catalytic converter has developed various technologies for gasoline and diesel engines. Some of the being three way catalysts, four way catalysts, catalyzed soot filters and lean NOx traps. The three way catalysts are capable of removing over 90% of HC, NOx and CO emissions produced by passenger cars. The four way catalysts can remove all four major pollutants NOX, HC, CO and Particulate Matter in single technology.

     

    The leading players in the automotive exhaust systems are BASF (Germany), Faurecia (France), Tenneco (US), Yutuka Giken (Japan), Benteler (Germany) and Sejong Industries (South Korea).

     

    Some of the Chinese manufacturers are Harbin Emissary and Chongqing Height.

     

    Boysen is working on its Euro 7 gas heat management system

     

    AUTOMOTIVE EXHAUST SYSTEM MARKET COMPANY PROFILES

    1. Tenneco
    2. Faurecia
    3. Futaba Industrial
    4. Eberspacher
    5. Yutuka Giken
    6. BASF
    7. Boysen
    8. Benteler
    9. Sejong Industrial Co Ltd
    10. Bosal
    11. Harbin Emissary Green Automobile Exhaust Systems
    12. Chongqing Height Environment Group
    13. Sango Co Ltd

     

    THIS AUTOMOTIVE EXHAUST SYSTEM MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. Automotive Exhaust System Market size and Forecast, by region, by application
    2. Average B-2-B price for Automotive Exhaust System Market, by region, per user
    3. Technology trends and related opportunity for new Automotive Exhaust System Market tech suppliers
    4. Automotive Exhaust System Market share of leading vendors, by region,
    5. Coronavirus impact on Automotive Exhaust System Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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