Automotive Exhaust Systems Market Size, Share, Opportunities, And Trends By Component (Exhaust Manifold, Muffler, Oxygen Sensor, Catalytic Converter, Exhaust Pipes), By Fuel Type (Gasoline, Diesel), By Vehicle Type (Passenger Cars, Commercial Vehicles), And By Geography - Forecasts From 2024 To 2029

  • Published : Apr 2024
  • Report Code : KSI061616861
  • Pages : 141

An automotive exhaust system is used to guide the harmful exhaust gases away from controlled combustion that goes inside an engine to avoid any harmful effect on the driver. It is carefully designed to carry toxic or noxious gases away from the drivers of the automobile. Depending upon the type of engine and its intended use, these automobile exhaust systems come in many varieties. These exhausts have different varieties based on the type of vehicle like motorcycles, trucks, and passenger cars.

The exhaust system is made mainly of pipes in several different shapes, each designed to connect and conform to a particular part of the underside of the car. The exhaust flows through each particular pipe, and every pipe is responsible for moving the exhaust gases toward the back. The exhaust system is made up of several components that work together to reduce exhaust noise and remove harmful gases.

These components include an exhaust manifold that collects exhaust gases from each cylinder from the combustion chamber of the engine and takes them to the exhaust pipe, a catalytic converter that converts the harmful emissions from the engine’s combustion chamber into water vapor, muffler which muffles sound that is produced by the engine, resonator that can organize and tune vibration sounds but also plays a big role in improving exhaust flow effectiveness, and tailpipe which extends past the rear bumper of most vehicles and direct the exhaust gases away.

INTRODUCTION:

The automotive exhaust system market is driven majorly by the increasing demand for emissions vehicles and growing awareness for environment-friendly alternatives to reduce emissions and carbon footprint globally. There is a major shift among the general public due to this awareness towards the low emissions vehicles, which require automotive exhaust systems to make these efficient and low emission vehicles. The rise in demand for these low-emission vehicles has made many automobile manufacturers go towards research and development to enhance efficiency and reduce emissions using these automotive exhaust systems, and the market is anticipated to grow.

The growth in sales of passenger and commercial vehicles globally has also contributed to growing the market, as without these exhaust systems, the construction of vehicles is incomplete. These exhaust systems help provide a way for exhaust gases to exit the engine by making their way out beneath the vehicle and keep harmful gases from entering the vehicle and affecting the driver's health. The advancement in exhaust technology like EGR systems and exhaust after-treatment systems due to government regulations for reduced emissions are also contributing to market growth over the forecast period.

MARKET DRIVERS:

  • Growth in sales for commercial and passenger vehicles globally is predicted to propel the market:

The demand and sales for vehicles have seen rapid market growth for commercial purposes such as business operations and passenger vehicles for personal use with the growing global population. This is due to the rise in urbanization and growing industrialization in several countries the need for commercial vehicles has grown for logistics, transport, and daily business operations.

The growth in disposable incomes in growing economies among the general public is also a contributing factor in raising the sales of vehicles globally. This rise in demand and sales for vehicles is directly proportional to the automotive exhaust systems market growth, as it is a necessary part of manufacturing the vehicle, and therefore, the automotive exhaust systems market is anticipated to grow.

The constant innovation in exhaust technology is anticipated to propel growth in the market.

The automotive exhaust system plays a major role in controlling and managing the harmful gases that are produced during the use of vehicles. Therefore, significant technological advancements are being made due to growing awareness of environmental health to reduce emissions and the government-making policies regarding reducing emissions led many major manufacturers to do intense research and development in exhaust technology and improve the automotive exhaust system. For instance, exhaust after-treatment systems and EGR systems or exhaust gas recirculation systems are such innovations and are anticipated to fuel the market over the forecast period.

MARKET RESTRAINT:

The growing popularity of electric vehicles among the general public and several governments making significant investments to enhance infrastructure to make electric vehicles more convenient to use in developing countries is predicted to hinder market growth.

Governments across the globe are providing tax exemptions and subsidies on electric vehicles as these vehicles are more eco-friendly and fuel-efficient to use. With the growing awareness of environmental impact worldwide, it is necessary to control harmful emissions and provide an alternative to the general public over traditional combustion engine vehicles, which need exhaust systems in the near future, the adoption of electric vehicles in public transport like buses, taxi, and others will be prominent. Hence, the market will be affected negatively.

Prominent growth is projected in the Asia Pacific region.

Asia Pacific region is expected to show major growth in the automotive market. The rapid growth in the automobile industry in the region, with its growing population and production of vehicles, is contributing to the region’s market growth. The rising urbanization and industrialization in several developing countries are rapidly increasing the demand for commercial purposes vehicles and passenger vehicles that are necessary for meeting the rising demand for business operations and personal use.

The availability of labor and resources at much cheaper rates in this region is a major contributing factor in increasing the manufacturing of automobiles, and with it, automotive exhaust systems and many major automobile manufacturers are setting up manufacturing units. The rise of GDP in several countries across the Asia Pacific region and growth in disposable incomes has raised the sales of automobiles in the region, and therefore, the market of automotive exhaust systems is anticipated to be boosted significantly.

Products Offered by Key Companies:

  • Hirotec: The automotive exhaust components and systems provide performance that can be enjoyed from the moment the engine starts. It follows industry trends to create a harmony between environmental functionality and performance.
  • Magna Flow: The street series stainless steel axle-back exhaust system with split rear exit has wide-open performance power and delivers smooth deep sound while maintaining exhaust efficiency.

Key Developments:

  • In June 2023, Magna Flow announced the launch of a new XMOD series exhaust system for the 2023 Honda Civic Type R. This system allows drivers to easily switch out the two included xMOD modules which are a straight-pipe-like xTreme delete module and a 14” straight-through muffler module.

Automotive Exhaust Systems Market Scope:

 

Report Metric Details
Growth Rate CAGR during the forecast period
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Billion
Segments Covered
  • Component
  • Fuel Type
  • Vehicle Type
  • Geography
Companies Covered
  • Hirotec
  • MagnaFlow
  • Autoline Industries
  • Tenneco
  • ONYX Auto India
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope Free report customization with purchase

 

Segmentation:

  • By Component
    • Exhaust Manifold
    • Muffler
    • Oxygen Sensor
    • Catalytic Converter
    • Exhaust Pipes
  • By Fuel Type
    • Gasoline
    • Diesel
  • By Vehicle Type
    • Passenger Cars
    • Commercial Vehicles
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others 
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Others 
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others 
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. AUTOMOTIVE EXHAUST SYSTEMS MARKET BY COMPONENT

5.1. Introduction

5.2. Exhaust Manifold

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Muffler

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Oxygen Sensor

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Catalytic Converter

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

5.6. Exhaust Pipes

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.6.3. Geographic Lucrativeness

6. AUTOMOTIVE EXHAUST SYSTEMS MARKET BY FUEL TYPE

6.1. Introduction

6.2. Gasoline

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Diesel

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

7. AUTOMOTIVE EXHAUST SYSTEMS MARKET BY VEHICLE TYPE

7.1. Introduction

7.2. Passenger Cars

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Commercial Vehicles

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

8. AUTOMOTIVE EXHAUST SYSTEMS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Component

8.2.2. By Fuel Type

8.2.3. By Vehicle Type

8.2.4. By Country

8.2.4.1. United States

8.2.4.1.1. Market Trends and Opportunities

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Trends and Opportunities

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Trends and Opportunities

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Component

8.3.2. By Fuel Type

8.3.3. By Vehicle Type

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.1.1. Market Trends and Opportunities

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Trends and Opportunities

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Trends and Opportunities

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Component

8.4.2. By Fuel Type

8.4.3. By Vehicle Type

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Trends and Opportunities

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Trends and Opportunities

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Trends and Opportunities

8.4.4.3.2. Growth Prospects

8.4.4.4. Italy

8.4.4.4.1. Market Trends and Opportunities

8.4.4.4.2. Growth Prospects

8.4.4.5. Spain

8.4.4.5.1. Market Trends and Opportunities

8.4.4.5.2. Growth Prospects

8.4.4.6. Others

8.4.4.6.1. Market Trends and Opportunities

8.4.4.6.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Component

8.5.2. By Fuel Type

8.5.3. By Vehicle Type

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Trends and Opportunities

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Trends and Opportunities

8.5.4.2.2. Growth Prospects

8.5.4.3. Others

8.5.4.3.1. Market Trends and Opportunities

8.5.4.3.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Component

8.6.2. By Fuel Type

8.6.3. By Vehicle Type

8.6.4. By Country

8.6.4.1. Japan

8.6.4.1.1. Market Trends and Opportunities

8.6.4.1.2. Growth Prospects

8.6.4.2. China

8.6.4.2.1. Market Trends and Opportunities

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Trends and Opportunities

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Trends and Opportunities

8.6.4.4.2. Growth Prospects

8.6.4.5. Taiwan

8.6.4.5.1. Market Trends and Opportunities

8.6.4.5.2. Growth Prospects

8.6.4.6. Thailand

8.6.4.6.1. Market Trends and Opportunities

8.6.4.6.2. Growth Prospects

8.6.4.7. Indonesia

8.6.4.7.1. Market Trends and Opportunities

8.6.4.7.2. Growth Prospects

8.6.4.8. Others

8.6.4.8.1. Market Trends and Opportunities

8.6.4.8.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Hirotec

10.2. MagnaFlow

10.3. Autoline Industries

10.4. Tenneco

10.5. ONYX Auto India

10.6. Munjal Auto Industries Limited

10.7. Birchills Automotive

10.8. Akrapovic

10.9. E&E Manufacturing

10.10. Futaba Sangyo


Hirotec

MagnaFlow

Autoline Industries

Tenneco

ONYX Auto India

Munjal Auto Industries Limited

Birchills Automotive

Akrapovic

E&E Manufacturing

Futaba Sangyo