The two-wheeler exhaust market in India is estimated at $392 Million in 2019, growing at 9% CAGR till 2024
The >200cc segment is expected to grow by 16.4% by volume and 24.1% by value in 2021-2026. The exhaust system used in this segment is 80-90% more expensive than <110cc segment
The Indian auto component supplier Industry doesnât rank under top 15 globally, in terms of revenue and R&D spending. As a result,all exhaust system manufacturers are relying on 5 international catalyst companies in India for coating
SUMMARY OF REPORT
The two-wheeler exhaust market in India has taken a hit due to mandatory 5 years third-party insurance rule, high fuel prices and NBFC(Non-banking Financial companies) liquidity crunch resulted in reduced lending and brought down the industry volume
Experts proclaim that weak economic health, uncertain regulatory landscape, abnormal monsoon pattern and poor consumer sentiments towards the vehicles caused a decline in two-wheeler sales.
Since majority of the two- wheelers sold In India are low cost(<$1,000),a competitive B-2-B price offered by supplier holds immense value
The Major market shift in exhaust system of two-wheelers will be from 2-way to 3-way Catalytic Converter.Additionally, Reduction of NOx in 2-wheeler emission will take place with a REDUCTION CATALYST
The noise of exhaust system will drop because of structural changes in muffler and overall weight reduction of exhaust will be around 2-3 %.
The catalytic converter is in some cases manufactured by tier-1 exhaust supplier, by sourcing substrate from one supplier and catalyst/coating from another
Due to implementation of FI(Fuel Injection) and OBD(On-board diagonostics),the vehicles might get Lambda sensor to monitor the flow of exhaust gases. The emission can be altered through a control system. Thus, reducing the work of catalytic converter, avoiding the use of additional CATCON and even there are chances of not changing the size of CATCON
KEY CONTENTS- TWO WHEELER EXHAUST MARKET IN INDIA
Two-wheeler exhaust system manufacturing in India
Breakdown of two-wheeler exhaust system by sub-component
Impact of BS VI emission norms on two-wheeler exhaust system price and sourcing
Market Size ,Dynamics and Forecast By Engine capacity(<110cc, 110-200cc,>200cc)
Market Size ,Dynamics and Forecast, By Sub-component(Exhaust pipe, Muffler, Catalytic converter)
Competitive Landscape
Market share of vendors-2021
OE-supplier alignment in two-wheeler exhaust market in India
Unmet needs and Market Opportunity for suppliers (Tier-1 and Tier-2)
Conclusion
Sl no
Topic
Slide number
1
Market Segmentation
4
2
Research Methodology
5
3
Scope
6
4
Abbreviations
7
5
Executive Summary
10-12
6
Introduction
14-15
7
Insights from Industry stakeholders
17
8
Two-wheeler exhaust system manufacturing in India
19-20
9
Key criteria for Exhaust system vendor selection by two-wheeler OEMs
22
10
Breakdown of two-wheeler exhaust system by sub-component, gross margin
24
11
Impact of BS VI emission norms on two-wheeler exhaust system price and sourcing
26-27
12
About catalyst, honeycomb structure, steel casing sourcing in India
29-31
13
Catalytic converter mapping(Number per vehicle and type of substrate) by Vehicle model in BS VI(April 2020 onwards)
33-35
14
Market Size ,Dynamics and Forecast By Engine capacity(<110cc, 110-200cc,>200cc)
37-39
15
Market Size ,Dynamics and Forecast By Sub-components
41
16
Competitive Landscape
43-44
17
Market share of vendors
45
18
OEM-supplier relationship in two- wheeler exhaust system market
46
19
Unmet needs and Market Opportunity for suppliers (Tier-1 and Tier-2)
48
20
Conclusion
49
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