AUTOMOTIVE EXHAUST SYSTEMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2023, Purem AAPICO, a joint venture between Eberspaecher and AAPICO Hitech, officially opened its new facility in Rayong, Thailand, located approximately 100 kilometers southeast of Bangkok. This production site will manufacture exhaust systems for a leading U.S.-based automotive manufacturer's pickup truck platform.
• In July 2023, a U.K.-based company, Milltek Sport, a leading global manufacturer, introduced an enhanced high-performance exhaust system for BMW's new M2 Coupé, unlocking additional potential from the advanced vehicle. This move reflects the company's ongoing expansion into various vehicle types, further solidifying its position in the performance automotive industry.
• In May 2023, Cummins Inc. announced its intent to acquire portions of FORVIA Faurecia's commercial vehicle exhaust aftertreatment business in Europe and the U.S. The manufacturing plants located in Columbus, Indiana, and Roermond, and the Netherlands, are included in this acquisition. This proposed deal aims to help both Cummins Inc. and Faurecia achieve their long-term strategic objectives. By doing so, they intend to ensure the continuity of operations and jobs for the skilled employees in these two plants and associated technology centers, all while generating value for customers and suppliers across the entire supply chain.
• In March 2023, Vance & Hines introduced the HoleShot Series, a line of cat-back performance exhaust systems for some of the most popular truck models in the U.S. market. These exhaust systems are designed to replace the stock exhaust from the catalytic converter to the tips, while retaining all the necessary emissions control equipment. The HoleShot Series features a turbo-chambered muffler that provides a deeper, more exhilarating exhaust note, and is engineered to eliminate any unpleasant cabin resonances.
• In May 2022, Allied Distribution, a leading wholesale distributor of exhaust, performance, and accessories, acquired Indy Exhaust Products, a prominent distributor of automotive exhaust components. This strategic move by Allied Distribution aims to leverage new opportunities, expand its market presence, and enhance its service offerings to customers.

*Definition: The global automotive exhaust systems market involves the manufacturing and sales of automotive exhaust systems fitted in vehicles. Automotive exhaust systems are instrumental in reducing harmful gases emitted from vehicles and making them comply with stringent emission norms. They include components like mufflers, tailpipes, catalytic converters. The market is growing due to strict emission regulations around the world and rising demand for high-performance vehicles with advanced exhaust systems enhancing driving experience.