Automotive Exhaust Systems Market Size, Share, Trends, Innovations, Outlook 2022-2030
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.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 70.45 billion by 2030 |
| Growth Rate | CAGR of 7.8% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Component, fuel type, vehicle type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Faurecia; Friedrich Boysen; BENTELER International; Tenneco Inc.; Continental AG; Bosal; Eberspächer; FUTABA INDUSTRIAL CO., LTD.; Sejong Industrial Co., Ltd.; Yutaka Giken Company Limited |
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)
- North America
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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
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Exhaust Systems Market, By Component
7.1. Automotive Exhaust Systems Market, by Component, 2021-2030
7.1.1. Exhaust Manifold
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Muffler
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Catalytic Converter
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Oxygen Sensor
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Exhaust Pipes
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Automotive Exhaust Systems Market, By Vehicle Type
8.1. Automotive Exhaust Systems Market, by Vehicle Type, 2021-2030
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Commercial Vehicles
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Automotive Exhaust Systems Market, By Fuel Type
9.1. Automotive Exhaust Systems Market, by End User, 2021-2030
9.1.1. Gasoline
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Diesel
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Automotive Exhaust Systems Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Component (2017-2030)
10.1.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Component (2017-2030)
10.2.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Component (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Component (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Component (2017-2030)
10.3.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Component (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Component (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Component (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Component (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Component (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Component (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Vehicle Type (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Fuel Type(2017-2030)
Chapter 11. Company Profiles
11.1. BENTELER International
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Bosal
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Continental AG
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Eberspacher
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Faurecia
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. FUTABA INDUSTRIAL CO., LTD.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Friedrich Boysen
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Sejong Industrial Co., Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Tenneco Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Yutaka Giken Company Limited
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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