Global Automotive Exhaust Systems Market Price 2024, Forecast To 2033
15 Feb, 2024
The automotive exhaust systems market has shown strong growth, increasing from $40.28 billion in 2023 to $42.91 billion in 2024 at a 6.5% CAGR. Regulatory emissions standards, consumer demand, and vehicle production growth drove this historic growth. In the forecast, the market is anticipated to reach $55.89 billion in 2028 with a 6.8% CAGR. Factors include the impact of electric and hybrid vehicles, lightweight materials, autonomous vehicles, aftermarket and retrofit market, hydrogen fuel cell vehicles, and sustainability initiatives, along with trends such as emission reduction technologies and advanced manufacturing techniques.
Global Automotive Exhaust Systems Market Key Driver
The rise in automobile production drives the automotive exhaust systems market. Increased demand for personal vehicles globally led to a 3% YoY rise in car production, reaching 80 million in 2021. This automotive production surge boosts demand for exhaust systems, underscoring the pivotal role in the automotive industry.
Get A Free Sample Of The Global Automotive Exhaust Systems Market ReportGlobal Automotive Exhaust Systems Market Segments
The automotive exhaust systems market covered in this report is segmented –
1) By Technology: Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), Other Technologies
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Truck and Bus
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the automotive exhaust systems market in 2023. The regions covered in the automotive exhaust systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Exhaust Systems Industry Players
Benteler International AG; Continental AG; Eberspacher Group; Faurecia SE; Friedrich Boysen GmbH & Co. KG; Tenneco Inc.; MagnaFlow; Borla Performance Industries; Bosal Industries Limited; Sejong Industrial Co. Ltd.; Yutaka Giken Co. Ltd.; Sango Co. Ltd.; Futaba Industrial Co. Ltd.; Kolbenschmidt Pierburg AG; Delphi Technologies; Tata AutoComp Systems Limited; Eminox Ltd.; Calsonic Kansei Corporation; AP Exhaust Products Inc.; Sankei Giken Kogyo Co. Ltd.; Motus Integrated Technologies; Meritor Inc.; Sharda Motor Industries Ltd.; Johnson Matthey plc; Arvin Sango Inc.; CECO Environmental Corporation; Flowmaster Inc.; Dynomax Inc.; Crown; Katcon SA de CV
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Automotive Exhaust Systems Market Overview
The automotive exhaust systems refer to a system that collects and exhaust gases from a vehicle by removing harmful substances. It also reduces the level of noise and discharges filtered exhaust away from the occupants of the vehicle. Performance exhaust systems help to maintain optimal air levels inside the vehicle's engine. These optimal levels then decrease the need for the engine to consume extra fuel to compensate for dirty air levels.
Automotive Exhaust Systems Global Market Report 2023 provides data on the global automotive exhaust systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive exhaust systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.