Industry Background:
The auto exhaust system is defined as the exhaust system which is responsible for transportation the burned exhaust gases from the engine. It contains various components such as exhaust manifold, exhaust pipes, catalytic converter, muffler, and tailpipe. The demand for the auto exhaust system has increased, due to the increased demand for the automobile sector. For instance, For instance, according to a published by India Brand Equity Foundation (IBEF), India's automobile sector is the 7th largest in the world producing more than 2.6 million cars of the world’s 73 million cars produced. In addition, it was also found that India became the 4th largest exporter of automobiles followed by Japan, South Korea & Japan. Hence, the rising demand for the automobile sector will affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Faurecia (France), Tenneco (United States), The Eberspächer Group of Companies (Germany), Friedrich Boysen GmbH & Co. KG (Germany), SANGO CO., LTD. (Japan), Chongqing Hiter Automotive Exhaust Systems Co Ltd. (China), Yutaka Giken (Japan), Calsonic Kansei Corporation (Japan), Magneti Marelli S.p.A. (Italy), Benteler International AG (Germany), SEJONG INDUSTRIAL Co., Ltd. (Korea) and Futaba Corporation (Japan) |
This growth is primarily driven by Region-Wise Emission as well as Fuel Efficiency Targets and The increasing number of commercial and Passenger Vehicle.
Globally, a noticeable market trend is evident Technology Advancement regarding Auto Exhaust System Major Vendors, such as Faurecia (France), Tenneco (United States), The Eberspächer Group of Companies (Germany), Friedrich Boysen GmbH & Co. KG (Germany), SANGO CO., LTD. (Japan), Chongqing Hiter Automotive Exhaust Systems Co Ltd. (China), Yutaka Giken (Japan), Calsonic Kansei Corporation (Japan), Magneti Marelli S.p.A. (Italy), Benteler International AG (Germany), SEJONG INDUSTRIAL Co., Ltd. (Korea) and Futaba Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2023, Cummins Inc. announced that it had entered into a definitive agreement with Faurecia, a company of the FORVIA group, to purchase Faurecia's two commercial vehicle manufacturing plants and associated activities for €142 million. Manufacturing facilities are located in Columbus, Indiana and Roermond, The Netherlands.
In May 2018, A Chinese subsidiary of Sejong Industrial has announced to agreement with Changan Automobile for supplying mufflers worth more than USD 101.8 million to the Chinese automaker. Hence, it will affect the growth of market in future.
Influencing Trend:
Technology Advancement regarding Auto Exhaust System
Market Growth Drivers:
Region-Wise Emission as well as Fuel Efficiency Targets and The increasing number of commercial and Passenger Vehicle
Challenges:
Issue related to High Cost of Lightweight Exhaust Components
Restraints:
Increasing Sales of Battery Electric Vehicles and Global Harmonization of Emission Regulations
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Auto Exhaust System Market
- Analysis about New Entrants in Auto Exhaust System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Auto Exhaust System Study Sheds Light on
The Auto Exhaust System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Auto Exhaust System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Auto Exhaust System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.