Automotive Exhaust Systems Market rowth 2024 To 2033

Automotive Exhaust Systems Market Size to Reach USD 123.43 Bn by 2032

The global automotive exhaust systems market size reached USD 77.55 billion in 2023 and it is expected to hit around USD 123.43 billion by 2032 with a CAGR of 5.3% from 2023 to 2032.

The purpose of the modern automotive system is to collect exhaust air from of the cylinder, eliminate dangerous materials and contaminants, minimize noise, and release the cleansed exhaust. Dependent on the engine, the exhaust pipe has one or two streams, and the flowing impedance is chosen to ensure that exhaust differential pressure doesn’t impair engine performance. The main parts of the exhaust system also include the exhaust system, muffler, outlet pipe, exhaust pipe, and tailpipes. The vehicle exhaust system is primarily designed to improve motor efficiency and decrease the discharge of dangerous gases into the atmosphere.

Get the sample pages of report@ https://www.precedenceresearch.com/sample/2102

Regional Snapshots

Asia-Pacific is anticipated to account for the bulk of the global market for automobile exhausts throughout the forecast timeframe. Rising urbanization, increasing GDP, and rising personal discretionary cash all contribute to the expansion of this sector. Several businesses are establishing production plants in this location due to the lower cost of labor and resources, and it is anticipated that this development would hasten the expansion of the local market.

Europe, the industry’s second-largest area, is anticipated to have strong growth during the projection timeframe. The country’s stringent environmental regulations are forcing automakers to develop innovative exhaust systems. This, in addition to the region’s growing utilization of low-emission vehicles, are factors that are anticipated to drive the industry’s expansion.

Report Scope of the Automotive Exhaust Systems Market

Report Coverage Details
Market Size in 2023 USD 77.55 Billion
Market Size by 2032 USD 123.43 Billion
Growth Rate from 2023 to 2032 CAGR of 5.3%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Vehicle Type, Fuel Type, After-treatment Device, Component, Technology, and Geography

Market Dynamics

Drivers:

As worldwide emission requirements become more stringent on an annual basis, there is a growing need for a reduction in exhaust stream emissions specifics and quantities. Thanks to a variety of after-treatment systems, auto OEMs and performance exhaust manufacturers can regulate vehicle emissions to stay within legal limitations. The most common after-treatment equipment pairings include SCR and PDF. Together, they remove more than 70% of all gaseous and particle pollutants. The SCR converts NOx to N2 and liquid in the presence of a reduction agent, while the DPF screens out particles. These mixes consequently stimulate the market for exhaust systems, including aftermarket equipment.

Government pollution rules have led to rapid advancement in particulate filter technology, including exhaust stream regeneration (EGR) processes and emission after-treatment options. These techniques should accelerate industry growth. To comply with upcoming vehicle quality regulations, automakers are developing technology that reduces NOx emissions from gasoline exhaust gases. It is anticipated that all of these aspects of the development and improvement of the automobile catalytic converter would lead to a growth in the use of improved particle filters for automobiles.

Restraints:

CNG, BEVs, and Liquefied petroleum cars are examples of automobiles. The rising demand for low-emission internal combustion engines is driving sales up of CNG and Liquefied petroleum automobiles. The running costs of CNG and Liquefied petroleum automobiles are significantly lower than those of petroleum-based automobiles, making these automobiles cost-effective. Purchases of BEVs, the most popular type of clean car, are soaring because of numerous government requirements and other successful initiatives like tax subsidies to encourage the use of powered mobility.

Clean automobiles now have little effect on the market for exhaust systems. They are anticipated to have a significant influence in the future, nevertheless. Therefore, during the projection timeframe, the industry expansion is anticipated to be constrained by the rising sales of cleaner automobiles.

Opportunities:

There is a growing demand for automobiles to be lighter to comply with tight pollution and gasoline economy requirements and avoid paying hefty fines levied by governmental agencies. Lighter cars consume less gasoline and produce fewer greenhouse gases because they require less energy to move because there is less friction to contend with. Industry experts claim that a 10% weight reduction in a car can increase mileage and fuel efficiency by 6% to 8%. Automobile manufacturers are concentrating on elements including new, lighter components, aerodynamic shape, and drivetrain component performance to reduce the overall weight of the vehicle. The emission system and its components in conventional particulate filters are made of, among other things, stainless steel, cast iron, mild steel, and carbon fiber.

Challenges:

Realistic Traveling Emissions Test measures harmful pollutants from engine exhaust, such as NOx, generated by cars while they are driving on the highway with the help of a transportable emissions measurement instrument. RDE is crucial to minimizing the disparity between approved vehicular emission values and actual results. The difference between authorized laboratory test findings and real car efficiency has grown unabatedly from 9 percent in 2001 to 28 percent in 2012 and 42 percent in 2015, according to the European Federation for Transportation and Environmental AISBL. RDE regulations are therefore projected to have a positive impact on the quality of the environment in European nations by demanding that car manufacturers integrate pollution control systems with their engines and take additional actions to achieve the best possible carbon reduction while operating.

Report highlights:

  • The passenger car segment, which currently commands the biggest market share, will maintain its dominance. As commercial vehicle sales increase in developing countries, this industry sector is expected to grow. The market for both heavy and light commercial trucks is expected to grow positively during the projection timeframe. This business segment is anticipated to grow during the projected period as a consequence of advancements made by automakers to the ventilation systems of internal combustion engines to reduce small particulates and NOx emissions.
  • The industry for automobile particulate filters is anticipated to have significant expansion in the alternate energy type segment throughout the projection timeframe. The main factor promoting the expansion of this market sector is the fuel’s capacity to be pure and emission-free.
  • The industry for fossil diesel type is anticipated to grow consistently throughout the forecast timeframe. Governmental emission regulations that are too severe and the increasing pollution from diesel engines are impeding the development of such a market sector.
  • The connection, exhaust system, and manifold element types sections of the vehicle exhaust equipment market are expected to grow significantly throughout the projected period. As passenger vehicle sales & manufacturing increase, these target markets are anticipated to grow.

Read Also: Sustainable Aviation Fuel Market Size to Reach USD 14.84 Bn by 2032

Recent Developments:

  • Futaba Industrial Co., Ltd. declared in May 2021 that it would show its goods at the Department Of mechanical engineering Exhibition 2021 Online. The business will provide emissions and systems in the body elements that will lessen the release of pollutants, increase fuel economy, and lighten vehicles for the Sustainable Development Goals.
  • In 2021 Apr, Faurecia revealed that the manufacturing hub for its Clean Transportation Department, the Koriyama Factory in Koriyama Municipal, Fukushima Prefecture, will begin operations in the second quarter of 2021. The Koriyama Factory was supposed to begin operation about Sept 2020; however, it was delayed because the automaker to which it supplied components temporarily reduced output as a result of the coronavirus outbreak (COVID-19).
  • Eberspaecher declared in March 2021 that the series manufacture of tunnels mixing for exhaust-emission conversions in commercial vehicles and passenger vehicles had begun. The mixer makes sure that the watery urea solutions and exhaust gas are mixed and evaporated as efficiently as possible.
  • To create a comprehensive effluent temperature control system that would permit producers of commercial vehicles & lightweight cars to comply with forthcoming pollution rules, Tenneco’s Air Quality trade organization partnered together Eaton’s Vehicles Department in Mar 2021.
  • A partnership agreement for a 50:50 ownership split was struck in Feb 2019 by Eberspaecher and Sharda Motors Manufacturing Ltd. To meet the strictest emissions targets, Bharat Stage VI, the new partnership will design, build, and market emissions after-treatment devices for Indian commercial car manufacturers.

Key market players:

  • BASF SE
  • Benteler International AG
  • Bosal International N.V.
  • Continental AG
  • Eberspacher Climate Control Systems GmbH & Co. KG
  • Faurecia S.A.
  • Friedrich Boysen GmbH & Co. KG
  • Futaba Industrial Co. Ltd.
  • Harbin Airui Automotive Exhaust Systems Co. Ltd.
  • Johnson Matthey
  • Klarius Products Ltd
  • Sango Co., Ltd.
  • Sejong Industrial Co., Ltd.
  • Tenneco, Inc.
  • Umicore
  • Yutaka Giken Company Limited

Segments covered in the report:

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicle

By Fuel Type

  • Gasoline
  • Diesel

By After-treatment Device

  • LNT
  • GPF

By Component

  • Exhaust Manifold
  • Muffler
  • Catalytic Converter
  • Oxygen Sensor
  • Exhaust Pipes

By Technology

  • Diesel Oxidation Catalyst (DOC)
  • Diesel Particulate Filter (DPF)
  • Selective catalytic reduction (SCR)
  • Exhaust gas recirculation (EGR)
  • Gasoline Particulate Filter (GPF)
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Leave a Reply

Your email address will not be published. Required fields are marked *