IMARC Group, a leading market research company, has recently releases report titled “Automotive Exhaust System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive exhaust system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the automotive exhaust system market?
The global automotive exhaust system market size reached US$ 42.0 Billion in 2022 and expects the market to reach US$ 59.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
What is automotive exhaust system?
The exhaust system is created of various components that work together to decrease exhaust noise and offer a conduit for exhaust gases to exit the engine by creating their way out under the vehicle. This route is employed to keep harmful gases from entering the vehicle and making inhabitants sick. The exhaust system can make the fired fumes cleaner to decrease emissions and shield the environment from further destruction in many cases. Some of the components in an exhaust system include pipes, hangers, sensors, and clamps.
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What are the growth prospects and trends in the automotive exhaust system industry?
Significant expansion in the automotive industry represents a key factor driving the growth of the market across the globe. Additionally, the rising sales of passenger cars and commercial vehicles across both the developed and developing countries are driving the market growth. Apart from this, the strict government standards linked to carbon emissions are contributing to the market growth. In line with this, the rising focus of automobile manufacturers toward rapid innovations in exhaust technology is expected to create a positive outlook of the market.
Other factors, such as the extensive research and development (R&D) activities and the integration of mass dampers and decoupling elements to prevent major deflections from exhaust systems, are contributing to the market growth.
Who are the major exhaust manufacturers?
The report covers the major market manufacturers including:
- Benteler International Aktiengesellschaft
- Bosal International (Bosal Nederland B.V.)
- Eberspächer Gruppe GmbH & Co. Kg
- Faurecia
- Friedrich Boysen Holding GmbH
- Futaba Industrial Co. Ltd.
- Sango Co. Ltd.
- Sejong Industrial Co. Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited (Honda Motor Company)
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component Type:
- Manifold
- Downpipe
- Catalyst Converter
- Muffler
- Tailpipe
- Others
Breakup by After-Treatment Device:
- Diesel Oxidation Catalyst System
- Diesel Particulate Filter
- Selective Catalytic Reduction System
- Exhaust Gas Recirculation System
- Gasoline Particulate Filter
- Others
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Others
Breakup by Fuel Type:
- Diesel
- Gasoline
Breakup by Distribution Channel:
- OEM
- Aftermarket
Geographical Analysis:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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