The global automotive exhaust systems market is estimated to grow at the CAGR of nearly 4.7% during the forecast period. The major factors contributing to the growth of the market include the stringent vehicle emission standards and rising production of commercial and passenger vehicles. Increasing environment regulations related to vehicle emissions have augmented the adoption of automotive exhaust systems in the vehicle components. For instance, on February 19, 2016, the Indian Ministry of Road Transport and Highways (MoRTH) sanctioned a notification of Bharat Stage (BS) VI emission standards. This notification is issued for all major on-road vehicle classes in India.
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These standards applied to heavy-duty and light vehicles, as well as two- and three-wheelers. After 1st April 2020, the BS-VI standards will go into effect for all such vehicles. The proposed BS-VI emission standards adoption will bring Indian motor vehicle regulations into a configuration with EU regulations for two-wheeled vehicles, light-duty passenger cars and commercial vehicles, and heavy-duty trucks and buses. These stringent emissions will further drive the demand for automotive exhaust systems that collects the exhaust gases from the cylinders and eliminates harmful substances. It decreases the noise level and discharges the purified exhaust gases. The system meanwhile reduces pollution and accelerate the power of the engine.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Exhaust Systems Market by Component
- Manifold
- Catalytic Converters
- Flexible Couplings
- Muffler
- Pipes
- Hanger Rods
- Others
- Gasket and Flanges
Global Automotive Exhaust Systems Market by Application
- Passenger Vehicles
- Commercial Vehicles
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Flow Engineering, Inc.
- AK Steel Corp.
- Akrapovi? d.d.
- BENTELER International AG
- BorgWarner Inc.
- Bosal International
- Continental AG
- Eberspächer Exhaust Technology GmbH & Co. KG
- Faurecia Group
- Friedrich Boysen GmbH & Co. KG
- Futaba Industrial Co. Ltd.
- Hirotec Corp.
- Marelli Corp.
- V. Bekaert S.A.
- Red Rooster Performance International Pvt. Ltd.
- Royal Enfield
- Sejong Industrial Co., Ltd.
- Tata AutoComp Systems Ltd.
- Tenneco Inc.
- Termignoni Spa
- Yutaka Giken Co., Ltd.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive exhaust systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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