Automotive Exhaust System Market Size to grow by USD 23.51 billion between 2023-2027
According to a research report “ Automotive Exhaust System Market” by Application (Passenger vehicles, Commercial vehicles) Fuel Type (Gasoline, Diesel) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 23.51 billion, at a CAGR of 7.42% during the forecast period. The global automotive exhaust system market is experiencing significant growth due to the widespread adoption of steel-made exhaust systems. Notably, automakers have been incorporating tubular steel exhaust manifolds in entry-level vehicles to enhance exhaust system efficiency. The choice of material for manufacturing exhaust manifolds is crucial, as it impacts the reliability and longevity of the exhaust system. Advanced high-strength steels, such as austenitic and ferritic stainless steel, are increasingly being utilized in exhaust manifolds. Additionally, various grades of aluminized steel are gaining popularity due to their high thermal expansion coefficient and durability. These advancements in exhaust manifold materials contribute to improved exhaust system performance and overall vehicle efficiency..
Browse market data tables, figures, and in-depth TOC on “Automotive Exhaust System Market” by Application (Passenger vehicles, Commercial vehicles) Fuel Type (Gasoline, Diesel) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample
By Application, the Passenger vehicles segment is projected to dominate the market size in 2024
The passenger car segment holds a significant market share in the global automotive exhaust system industry, driven by the increasing passenger vehicle sales in emerging and developing economies, including India, China, and ASEAN nations. This trend is fueled by the expanding automotive market, with a growing demand for passenger cars worldwide. Strict vehicular emission regulations are further propelling the adoption of advanced exhaust systems, necessitating the installation of catalytic converters by automotive original equipment manufacturers (OEMs) to meet regulatory compliance.
By Fuel Type, Gasoline segment is expected to hold the largest market size for the year 2024
The gasoline exhaust system market encompasses the production and distribution of exhaust system components for gasoline-powered automobiles. These components, which include exhaust manifolds, catalytic converters, mufflers, pipes, and oxygen sensors, play a crucial role in filtering and expelling harmful exhaust gases, such as carbon monoxide, nitrogen oxides, and particulate matter. These emissions can negatively impact both the environment and human health. The market caters to original equipment manufacturers (OEMs) who integrate these components into new vehicles and aftermarket distributors and retailers, serving consumers seeking exhaust system replacements or upgrades.
APAC is forecasted to hold the largest market size by region in 2024
The automotive exhaust system market in the Asia Pacific (APAC) region is experiencing significant growth due to the increasing penetration of automobiles in countries such as China, Japan, South Korea, ASEAN, and India. This trend is driven by automakers in the region offering advanced exhaust systems, which minimize the emission of pollutants, in response to growing consumer awareness and stricter emission standards. Notably, many economies in APAC are revising their emission standards to align with those of developed automotive markets, further fueling market growth. The region's advanced automotive markets, including Japan, South Korea, and Australia, present significant opportunities for market expansion.
The Automotive Exhaust System Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Exhaust System Market encompasses a wide range of vehicles, including buses, trucks, luxury vehicles, SUVs, hatchbacks, sedans, motorcycles, and more. Key components of exhaust systems include tailpipes, resonators, catalytic converters, and mufflers. The market for these systems is significant in the commercial vehicle sector, particularly for utility trucks, cabs, metropolitan buses, and heavy commercial vehicles. Rapid urbanization and increasing traffic congestion have led to a growing focus on reducing toxic gases, such as nitrogen oxide, and carbon emissions from vehicles. As a result, there is a shift towards vehicle electrification, hybrid vehicles, and electric buses and coaches. Passenger cars, including hatchbacks and sedans, also contribute to the market. Diesel vehicles have been under scrutiny due to their high carbon emissions and toxic gases. However, advancements in exhaust technology, such as selective catalytic reduction systems, have helped mitigate these issues. The market for automotive exhaust systems is expected to grow significantly in the coming years, driven by increasing demand for reduced emissions and improved fuel efficiency. The use of advanced materials and technologies, such as lightweight catalytic converters and noise reduction systems, is also expected to drive growth.
Market Research Overview
The Automotive Exhaust System Market is experiencing significant growth due to the increasing demand for efficient and eco-friendly vehicles. With the rise of battery technology and charging infrastructure, the focus on hydrogen powered vehicles and electric vehicles is increasing. The automotive sector, including passenger cars, SUVs, hatchbacks, sedans, buses, trucks, utility vehicles, and motorcycles, is transitioning towards vehicle electrification and hybrid vehicles. The shift towards vehicle electrification has led to the development of efficient exhaust systems made from raw materials like aluminum and steel. The market for exhaust systems in commercial vehicles, including utility trucks, cabs, metropolitan buses, and heavy commercial vehicles, is expected to grow due to the increasing demand for logistics and transportation. However, the market is also facing challenges such as the reduction of toxic gases like nitrogen oxide and carbon emissions. Traditional gasoline and diesel-powered vehicles, including passenger cars and heavy-duty trucks, continue to contribute significantly to noise pollution through their tailpipes. Exhaust pipes, oxygen sensors, catalytic converters, mufflers, resonators, and tailpipes are essential components of exhaust systems. The automobile industry, manufacturing industry, restaurant industry, and entertainment industry are significant consumers of exhaust systems. The market for exhaust systems is expected to grow as the world grapples with rapid urbanization and the need for cleaner and more efficient transportation solutions.
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