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

The global automotive exhaust systems market has been growing steadily over the past few decades. Various factors such as stringent emission norms, advancement in engine technology, and materials used have pushed the demand for efficient exhaust systems. Automotive exhaust systems play a vital role in controlling tailpipe emissions from vehicles. Recent years have seen governments across major economies implementing stringent emission regulations such as Euro 6 and BS 6 to curb air pollution. This has compelled automakers to focus on developing advanced exhaust components that can meet regulatory standards. Furthermore, with growing awareness about environmental protection, consumers too prefer vehicles with cleaner exhaust systems. Going forward, the market is expected to be shaped by tightening emission rules as well as rising demand for hybrid and electric vehicles worldwide.

Market Dynamics:

The global automotive exhaust systems market is driven by stringent emission norms implemented by several countries. Most nations have framed regulations to limit vehicular pollution and improve urban air quality. This has prompted automakers to design optimized exhaust components for purifying exhaust gases before release. However, high initial costs associated with advanced emission control technologies pose a challenge for widespread adoption. Moreover, the rising popularity of electric vehicles could dent the demand for combustion engine vehicles and associated components like exhaust systems in the long run. On the bright side, growing penetration of hybrid vehicles opens new opportunities for manufacturers as they require dual exhaust structures. Several companies are also developing innovative exhaust heat recovery systems to enhance fuel efficiency in conventional vehicles.

Key Features of the Study:

• This report provides an in-depth analysis of the global automotive exhaust systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive exhaust systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BENTELER International Aktiengesellschaft, BOSAL, Continental AG, Eberspächer, FORVIA Faurecia, FUTABA INDUSTRIAL CO. LTD, Boysen, Sejong Industrial Co.Ltd., Tenneco Inc., Yutaka Giken Company Limited, Johnson Matthey, BASF SE, Umicore, Klarius Products Ltd, and Cummins Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automotive exhaust systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive exhaust systems market.

Detailed Segmentation:

• By Component
  • Manifold
  • Exhaust Pipes
  • Muffler
  • Connector
  • Oxygen Sensor
•  By Fuel Type
  • Gasoline
  • Diesel
  • Alternate Fuels
• By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • BENTELER International Aktiengesellschaft
  • BOSAL
  • Continental AG
  • Eberspächer
  • FORVIA Faurecia
  • FUTABA INDUSTRIAL CO. LTD
  • Boysen
  • Sejong Industrial Co.Ltd.
  • Tenneco Inc.
  • Yutaka Giken Company Limited
  • Johnson Matthey
  • BASF SE
  • Umicore
  • Klarius Products Ltd
  • Cummins Inc.