Exhaust System Market by Vehicle Type (Passenger Cars, LCV, and HCV), Fuel Type (Gasoline, and Diesel), Components (Exhaust Valve, Exhaust Manifold, Oxygen Sensor, Exhaust Pipe, Catalytic Convertor, Muffler, and Tail Pipe), After Treatment Device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Lean Nox Trap (LNT), and Selective Catalytic Reduction (SCR)), Sales Channel (OEM, and Aftermarket): Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026580 | Pages: 100 | Automotive and Transportation | Oct 2022 | Type: Global | Status: Published

The market crossed US$ 36.9 billion mark in 2022 and is expected to hit US$ 47.9 billion by 2030, recording a CAGR of 5.3% during the forecast period.

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Exhaust system market has been significantly growing due to the stringent regulations regarding emissions.

Stringent regulations about emissions which leads to rising penetration of diesel vehicles will boost the demand for the exhaust systems. Environmental sustainability is one of the key issue several automobile manufacturers with focus on reducing harmful emissions such as CO2, NO2 and other chemicals are some of the major factors driving the growth of the exhaust system market. In addition, the global production and sales of automobiles, including passenger cars and commercial vehicles, increased in 2021. Further, the growing demand for diesel engine exhaust treatment fluids in industries such as automotive, aerospace, and marine. The passenger car segment is expected to hold the largest market share in the market. Further, LCV segment is also expected to gain traction during the forecasted year.

Within the report, the exhaust system market is segmented into vehicle type, fuel type, component, application, and geography. On the basis of vehicle type, the exhaust system market is bifurcated into passenger cars, LCV, HCV. By fuel type, the market is further segmented into gasoline and diesel. On the basis of component, the exhaust system market is bifurcated into exhaust valve, exhaust manifold, oxygen sensor, exhaust pipe, catalytic convertor, muffler, tail pipe. On the basis of application, the exhaust system market is bifurcated into Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Lean Nox Trap (LNT), and Selective Catalytic Reduction (SCR). By sales channel, the market is further segmented into OEM and aftermarket. Geographically, the exhaust system market is subsegmented into North America, Europe, Asia Pacific, and Rest of the World.

Growing adoption of after-treatment devices is enhancing the growth of exhaust system market.

Stringent emission norms and rise in the demand for reducing exhaust gas emissions is expected to fuel the exhaust system market growth. The combination of after-treatment devices supports automotive OEMs and manufacturers to curb vehicle emissions. For example, BASF’s Catalysts division is offering the combination of Diesel Oxidation Catalyst (DOC) and a Lean NOx Trap (LNT). This DOC and LNT combination offer high combustion and CO2 removal efficiency.

The increasing demand for lightweight emission systems is one of the major factors accelerating the exhaust system market growth.

Automotive OEMs across the globe are working on different aspects such as new and lightweight materials, aerodynamic design, engine drive train efficiency to reduce the overall weight of the vehicle. In addition, the in Asian countries like China, and India have seen significant rise standard of living and income levels which is expected to boost the market growth. The Asian countries are projected to witness fastest automotive sector growth which will lead to increase in demand for exhaust systems.

Recent strategic developments in exhaust system market

The exhaust system market has undergone several significant developments, and a few of these have been mentioned below:

  • In March 2021, Eberspacher Group announced the opening of a new plant for exhaust technology in Ramos Arizpe, close to Saltillo, Mexico.
  • In July 2020, Benteler has developed its exhaust systems with new EU-7 standard regulations to support emission regulations.

The exhaust system market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Benteler International AG, BOSAL Group, Eberspächer Group, Faurecia, Futaba Industrial Co., Ltd., Robert Bosch GmbH, SANGO Co., Ltd., Sejong Industrial Co., Ltd., Tenneco Inc., and Yutaka Giken Company Limited are among the prominent players operating in the market.

Target audience for the report:

  • Raw material suppliers
  • Exhaust system companies
  • Aftermarket services
  • OEMs
  • Automotive dealers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of automotive sector

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Vehicle Type
    • Passenger Car
    • Hybrid Commercial Vehicle (HCV)
    • Light Commercial Vehicle (LCV)
    • Off Highway
  • Fuel Type
    • Gasoline
    • Diesel
  • Components
    • Exhaust Valve
    • Exhaust Manifold
    • Oxygen Sensor
    • Exhaust Pipe
    • Catalytic Convertor
    • Muffler
    • Tail Pipe
  • Component
    • Diesel Oxidation Catalyst (DOC)
    • Diesel Particulate Filter (DPF)
    • Lean Nox Trap (LNT)
    • Selective Catalytic Reduction (SCR)
  • Sales Channel
    • OEM
    • Aftermarket
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    •   Benteler International AG
    •   BOSAL Group
    •   Eberspächer Group
    •   Faurecia
    •   Futaba Industrial Co., Ltd
    •   Robert Bosch GmbH
    •   SANGO Co., Ltd
    •   Sejong Industrial Co., Ltd.
    •   Tenneco Inc.
    •   Yutaka Giken Company Limited

The List of Companies
- Benteler International AG
- BOSAL Group
- Ebersp?cher Group
- Faurecia
- Futaba Industrial Co., Ltd
- Robert Bosch GmbH
- SANGO Co., Ltd
- Sejong Industrial Co., Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited

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