Automotive Exhaust Systems Market (By Component: Exhaust Manifold, Muffler, Catalytic Converter, Oxygen Sensor, Exhaust Pipes; By Fuel Type: Gasoline, Diesel; By Vehicle Type: Passenger Car, Commercial Vehicles) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global automotive exhaust systems market size is expected to be worth around US$ 70.45 billion by 2030, according to a new report by Vision Research Reports.

The global automotive exhaust systems market size was valued at US$ 45.7 billion in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

 Stringent government regulations associated with vehicle emissions coupled with the increasing penetration of after-treatment devices are anticipated to drive the demand for automotive exhaust systems. Moreover, the increasing sales of passenger cars and commercial vehicles along with the growing demand for lightweight emission systems are expected to create significant opportunities for players operating across the value chain of the market.

The demand for automotive exhaust systems is directly dependent on automotive production and sales units. Thus, the increasing sales of passenger cars and commercial vehicles across developed and emerging economies are driving the demand for automotive exhaust systems globally.

By Component Analysis

Based on components, the market has been segmented into the exhaust manifold, muffler, catalytic converter, oxygen sensor, and exhaust pipes. The muffler segment is projected to register the highest CAGR of over 7.0% over the forecast period, accounting for a majority of the sales of automotive exhaust system components by 2030. 

By Fuel Type Analysis 

Based on fuel type, the market has been segmented into gasoline and diesel. The gasoline segment accounted for the largest revenue share of around 80% in 2020 and is anticipated to maintain its dominance over the forecast period. In the emerging economies, 9 out of 10 vehicles are equipped with an internal combustion engine. While the popularity of electric vehicles in regions such as North America and Europe has dwindled ICE vehicle sales, limited electric vehicle infrastructure in emerging countries continues to contribute to the growing sales of gasoline-driven vehicles.

By Vehicle Type Analysis

The passenger car segment accounted for the largest revenue share of over 70% in 2020 and is anticipated to maintain its dominance over the forecast period. The segment is estimated to expand at a CAGR of over 5.0% over the forecast period.

The commercial vehicles segment is projected to expand at the highest CAGR of over 9.0% from 2021 to 2030. The growth can be attributed to the increasing demand for heavy trucks across the logistics and transportation sectors. Logistics is one of the key end-use industries for commercial vehicles.

By Regional Analysis

Asia Pacific captured around 60% of the automotive exhaust systems demand and is estimated to register a CAGR of over 8.0% from 2021 to 2030. This can be attributed to the increasing technological awareness and spending capacity of customers in the region. 

 The Latin American region is projected to expand at the second-highest CAGR of over 7.8% over the forecast period. The increasing automotive production and sales across countries such as Brazil and Mexico are expected to support the growth of the regional market.

Key Players 

• BENTELER International

• Bosal

• Continental AG

• Eberspacher

• Faurecia

• FUTABA INDUSTRIAL CO., LTD.

• Friedrich Boysen

• Sejong Industrial Co., Ltd.

• Tenneco Inc.

• Yutaka Giken Company Limited

Market Segmentation

• Component 

  • Exhaust Manifold

  • Muffler

  • Catalytic Converter

  • Oxygen Sensor

  • Exhaust Pipes

• Fuel Type 

  • Gasoline

  • Diesel

• Vehicle Type

  • Passenger Car

  • Commercial Vehicles

• Regional

  • North America

    • U.S.

    • Canada

  •  Europe

    •  U.K.

    •  Germany

    • Rest of Europe

  • Asia Pacific

    • Greater China

    •  Japan

    •  India

    • Rest of Asia Pacific

  • Latin America

    •  Brazil

    •  Mexico

    • Rest of Latin America

  • Middle East & Africa (MEA)

The Automotive Exhaust Systems market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Automotive Exhaust Systems market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Automotive Exhaust Systems market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Exhaust Systems market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Exhaust Systems market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Automotive Exhaust Systems capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Automotive Exhaust Systems by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Exhaust Systems market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Exhaust Systems market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Exhaust Systems market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Automotive Exhaust Systems industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Automotive Exhaust Systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Exhaust Systems market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Exhaust Systems market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Exhaust Systems market. These factors have benefited the growth of the global market for Automotive Exhaust Systems. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Exhaust Systems. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Automotive Exhaust Systems are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.