AUTOMOTIVE & TRANSPORTATION
Global Exhaust System Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Exhaust System Market, By After-treatment device (DOC, DPF, SCR, LNT, GPF), Equipment Type (Agricultural tractor, Construction Equipment, Mining Equipment), Component (Manifolds, Downpipes, Catalytic Converter, Mufflers, Tailpipes, Sensors, Hangers), Vehicle Type (Passenger Cars, LCVs, Buses, Trucks), Fuel Type (Diesel and Gasoline), Sales Channel (OEM and Aftermarket), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global exhaust system market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
An exhaust system is an important component of an internal combustion engine that directs and expels exhaust gases produced during fuel combustion. It usually consists of parts like the tailpipe, muffler, catalytic converter, and exhaust manifold. The technology minimizes noise, enhances engine performance, and lowers dangerous emissions. The exhaust system market includes the production and distribution of these components, which cater to both original equipment manufacturers (OEMs) and the aftermarket. It includes a variety of goods made for many kinds of vehicles, such as trucks, motorcycles, and passenger automobiles. Technological developments in emission control, legal mandates for environmental standards, and innovations targeted at improving efficiency and performance are important market drivers.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Stringent emission regulations and environmental standards.
- Rising demand for fuel-efficient and eco-friendly vehicles.
RESTRAINTS
- High costs associated with advanced exhaust technologies.
- Complexity in integrating exhaust systems with newer vehicle technologies.
OPPORTUNITIES
- Expansion in emerging markets with growing automotive industries.
- Development of aftermarket exhaust systems for performance enhancement.
CHALLENGES
- Meeting evolving emission regulations and standards.
- High competition and price pressures among manufacturers.
SEGMENTATION
- After-treatment device
- DOC
- DPF
- SCR
- LNT
- GPF
- Equipment Type
- Agricultural tractor
- Construction Equipment
- Mining Equipment
- Component
- Manifolds
- Downpipes
- Catalytic Converter
- Mufflers
- Tailpipes
- Sensors
- Hangers
- Vehicle type
- Passenger Cars
- LCVs
- Buses
- Trucks
- Fuel type
- Diesel
- Gasoline
- Sales Channel
- OEM
- Aftermarket
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Faurecia
- Eberspächer
- Sango Co. Ltd.
- Friedrich Boysen GmbH & Co. KG
- Sejong Industrial Co., Ltd.
- Tenneco Inc.
- Futaba Industrial Co. Ltd.
- Benteler International AG
- Yutaka Giken Co., Ltd.
- Bosal.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Exhaust System Market, by After-treatment device
- 3.2 Global Exhaust System Market, by Equipment Type
- 3.3 Global Exhaust System Market, by Component
- 3.4 Global Exhaust System Market, by Vehicle Type
- 3.5 Global Exhaust System Market, by Fuel Type
- 3.6 Global Exhaust System Market, by Sales Channel
- 3.7 Global Exhaust System Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.9 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of electric and hybrid vehicles.
- 5.1.2 Technological advancements in exhaust system designs
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Stringent emission regulations and environmental standards.
- 5.2.2 Rising demand for fuel-efficient and eco-friendly vehicles.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High costs associated with advanced exhaust technologies.
- 5.3.2 Complexity in integrating exhaust systems with newer vehicle technologies.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion in emerging markets with growing automotive industries.
- 5.4.2 Development of aftermarket exhaust systems for performance enhancement.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Meeting evolving emission regulations and standards.
- 5.5.2 High competition and price pressures among manufacturers.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE
- 6.1 After-treatment device Summary
- 6.2 Market Attractive Index
- 6.3 Global Exhaust System Market, by After-treatment device (2019-2032)
- SECTION 7 - GLOBAL EXHAUST SYSTEM MARKET, BY EQUIPMENT TYPE
- 7.1 Equipment Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Exhaust System Market, by Equipment Type (2019-2032)
- SECTION 8 - GLOBAL EXHAUST SYSTEM MARKET, BY COMPONENT
- 8.1 Component Summary
- 8.2 Market Attractive Index
- 8.3 Global Exhaust System Market, by Component (2019-2032)
- SECTION 9 - GLOBAL EXHAUST SYSTEM MARKET, BY VEHICLE TYPE
- 9.1 Vehicle Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Exhaust System Market, by Vehicle Type (2019-2032)
- SECTION 10 - GLOBAL EXHAUST SYSTEM MARKET, BY FUEL TYPE
- 10.1 Fuel Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Exhaust System Market, by Fuel Type (2019-2032)
- SECTION 11 - GLOBAL EXHAUST SYSTEM MARKET, BY SALES CHANNEL
- 11.1 Sales Channel Summary
- 11.2 Market Attractive Index
- 11.3 Global Exhaust System Market, by Sales Channel (2019-2032)
- SECTION 12 - GLOBAL EXHAUST SYSTEM MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Exhaust System Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA EXHAUST SYSTEM MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Exhaust System Market, by After-treatment device (2019-2032)
- 13.4 North America Exhaust System Market, by Equipment Type (2019-2032)
- 13.5 North America Exhaust System Market, by Component (2019-2032)
- 13.6 North America Exhaust System Market, by Vehicle Type (2019-2032)
- 13.7 North America Exhaust System Market, by Fuel Type (2019-2032)
- 13.8 North America Exhaust System Market, by Sales Channel (2019-2032)
- 13.9 North America Exhaust System Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE EXHAUST SYSTEM MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Exhaust System Market, by After-treatment device (2019-2032)
- 14.4 Europe Exhaust System Market, by Equipment Type (2019-2032)
- 14.5 Europe Exhaust System Market, by Component (2019-2032)
- 14.6 Europe Exhaust System Market, by Vehicle Type (2019-2032)
- 14.7 Europe Exhaust System Market, by Fuel Type (2019-2032)
- 14.8 Europe Exhaust System Market, by Sales Channel (2019-2032)
- 14.9 Europe Exhaust System Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC EXHAUST SYSTEM MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Exhaust System Market, by After-treatment device (2019-2032)
- 15.4 Asia-Pacific Exhaust System Market, by Equipment Type (2019-2032)
- 15.5 Asia-Pacific Exhaust System Market, by Component (2019-2032)
- 15.6 Asia-Pacific Exhaust System Market, by Vehicle Type (2019-2032)
- 15.7 Asia-Pacific Exhaust System Market, by Fuel Type (2019-2032)
- 15.8 Asia-Pacific Exhaust System Market, by Sales Channel (2019-2032)
- 15.9 Asia-Pacific Exhaust System Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA EXHAUST SYSTEM MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Exhaust System Market, by After-treatment device (2019-2032)
- 16.4 South America Exhaust System Market, by Equipment Type (2019-2032)
- 16.5 South America Exhaust System Market, by Component (2019-2032)
- 16.6 South America Exhaust System Market, by Vehicle Type (2019-2032)
- 16.7 South America Exhaust System Market, by Fuel Type (2019-2032)
- 16.8 South America Exhaust System Market, by Sales Channel (2019-2032)
- 16.9 South America Exhaust System Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA EXHAUST SYSTEM MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Exhaust System Market, by After-treatment device (2019-2032)
- 17.4 Middle East and Africa Exhaust System Market, by Equipment Type (2019-2032)
- 17.5 Middle East and Africa Exhaust System Market, by Component (2019-2032)
- 17.6 Middle East and Africa Exhaust System Market, by Vehicle Type (2019-2032)
- 17.7 Middle East and Africa Exhaust System Market, by Fuel Type (2019-2032)
- 17.8 Middle East and Africa Exhaust System Market, by Sales Channel (2019-2032)
- 17.9 Middle East and Africa Exhaust System Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Exhaust System Market, Company Share Analysis
- 18.2 North America Exhaust System Market, Company Share Analysis
- 18.3 Europe Exhaust System Market, Company Share Analysis
- 18.4 Asia-Pacific Exhaust System Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Faurecia
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Eberspächer
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Sango Co. Ltd.
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Friedrich Boysen GmbH & Co. KG
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Sejong Industrial Co., Ltd.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Tenneco Inc.
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Futaba Industrial Co. Ltd.
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Benteler International AG
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Yutaka Giken Co., Ltd.
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Bosal.
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.