About Exhaust Systems
Increasing environmental problems, as well as the growing health hazards, will help to boost global Exhaust system market. Exhaust systems are one of the important components of the vehicular infrastructure. Exhaust systems refer to wide piping employed to direct exhaust gases away from controlled combustion in the interior of an engine or stove. This development is attributed to the growing production of commercial vehicles as well as passenger cars worldwide. There are many R&D activities going on for the expansion of the exhaust systems, thus triggering the global exhaust system market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
Key players of exhaust systems have been making deliberate efforts to amplify their market position. However, in order to gain market share and tap new customers, key players of exhaust systems have also been looking forward to building strong foundations in the off-road industry. A few key players in the exhaust systems market have combined superior testing abilities related to temperature performance, leakage, and other critical factors. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Exhaust Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Faurecia (France), Tenneco (United States), Continental (Germany), Futaba Industrial (Japan), Eberspächer (Germany), Benteler International (Austria), Friedrich Boysen (Germany), Yutaka Giken (Japan), Sejong Industrial (South Korea) and Bosal (Belgium) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Harbin Airui Automotive Exhaust System (China) and Katcon (United States).
Segmentation Overview
AMA Research has segmented the market of Global Exhaust Systems market by and Region.
On the basis of geography, the market of Exhaust Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by After-Treatment Device, the sub-segment i.e. Diesel Particulate Filter (DOF) will boost the Exhaust Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger car will boost the Exhaust Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type , the sub-segment i.e. Gasoline will boost the Exhaust Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Catalytic Converter will boost the Exhaust Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Vehicle Emissions Leading To Improved Stringency in Emission Regulations and Fuel Economy Standards and Technology Partnerships between Automakers and Exhaust System Manufacturers
Market Growth Drivers:
Introduction of Automotive Companies That Utilize Advanced and Eco-Friendly Technologies and Region-Wise Emission and Fuel Efficiency Targets
Challenges:
Stringent Regulation about Global Harmonization of Emission and Maintaining A Balance Between Performance and Low-Cost Diesel After-Treatment Devices
Restraints:
Growing Concern about High Charge of Lightweight Component and Rising Sales of Battery Electric Vehicles (BEVs)
Opportunities:
Huge Demand for Gasoline Particulate Filter (GPF) With the Advancement In GDI Engine and The Emergence of Real Drive Emission (Rde) Tests
Market Leaders and their expansionary development strategies
In July 2023, Tenneco, a major automotive supplier, acquired Walker Products, a leading manufacturer of exhaust systems and emissions control components. This acquisition expands Tenneco's aftermarket presence and strengthens its position in the exhaust systems market.
In September 2023, Borla Performance, a renowned aftermarket exhaust manufacturer, partnered with Magna International, a global automotive supplier, to develop and manufacture high-performance exhaust systems for original equipment (OE) applications. This collaboration leverages Magna's expertise in mass production with Borla's performance-driven designs.
Key Target Audience
Exhaust Systems Manufacturers, Automobile Manufacturers, Traders and Distributors of Automotive Pressure Sensors, Raw Material Suppliers, Transport Authorities, Research Institutes, Industry Associations and Market Research And Consulting Firm
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.