Automotive Exhaust Systems Market Future Scenario, Key Insights

Automotive exhaust systems are an important component of a vehicle's operation. They help to control emissions and reduce noise while ensuring optimal performance. Here are some valuable pieces of information about automotive exhaust systems:

1. Components of an Exhaust System: The main components of an exhaust system include the exhaust manifold, catalytic converter, resonator, muffler, and tailpipe. The exhaust manifold collects exhaust gases from the engine, while the catalytic converter converts harmful pollutants into less harmful emissions. The resonator and muffler work together to reduce exhaust noise, and the tailpipe expels the exhaust gases away from the vehicle.

2. Importance of a Catalytic Converter: The catalytic converter is a crucial component of the exhaust system. It reduces harmful emissions by converting them into less harmful ones. Without a functioning catalytic converter, a vehicle may not pass emissions tests and could contribute to air pollution.

3. Exhaust System Maintenance: Regular maintenance of the exhaust system is important for optimal performance and safety. This includes checking for leaks, rust, and damage to the components. Any issues should be addressed promptly to prevent further damage and ensure the safety of the vehicle.

Revenue growth is expected to be propelled by strict government pollution rules, which are leading to increased development of exhaust system technologies such as exhaust after-treatment systems and exhaust gas recirculation (EGR) systems. In order to conform to upcoming regulations on vehicle emissions, the automotive industry is developing exhaust systems for diesel engines to reduce NOx emission. Demand for automotive exhaust systems is expected to rise as a result of all the issues.

The global automotive exhaust systems market is expected to reach a market valuation of US$ 106.98 Billion by the year 2022, accelerating with a moderate CAGR of 6.07% by 2022-2032. Automotive exhaust systems market size is anticipated to be valued at about US$ 192.86 Billion by 2032 end.

Key Takeaways

• Asia Pacific region is expected to account for more than 60% of the global growth in demand for automotive exhaust systems.

• More than 6.8% CAGR growth is predicted for Latin America throughout the forecast period, making it the second fastest growing area.

• The expansion of the regional automotive exhaust systems market is anticipated to be bolstered by the rising output and demand for automobiles in nations like Brazil and Mexico.

• From 2021 to 2028, the market for commercial vehicles is expected to grow at a CAGR of about 8.0%. This expansion is a direct result of rising demands in the transportation and logistics industries for large vehicles.

• One of the most important automotive exhaust systems market is the logistics sector. In 2020, gasoline sales made up almost 80% of total sales, and this trend is expected to continue during the projection period.

• Passenger cars generated over 70% of total market revenue in 2020, and this trend is expected to continue over the forecast period. Around the predicted time period, the automotive exhaust systems sector is expected to grow at a CAGR of over 5.0%.

For more information: https://www.futuremarketinsights.com/reports/automotive-exhaust-systems-market

Competitive Landscape for the Automotive Exhaust Systems Market

There are just a handful of major players in the automobile exhaust systems market. Because of their dedication to innovation and the creation of a wide variety of items for use with exhaust systems, these businesses have risen to the top of respective industries. Companies like these are anticipated to expand their automotive exhaust systems market share throughout the forecast period.

Global Automotive Exhaust Systems Market Key Players

• Faurecia S.A.

• Tenneco Inc.

• Eberspächer Group

• Friedrich Boysen GmbH & Co. KG

• Benteler International AG

• Futaba Industrial Co. Ltd.

• Yutaka Giken Co. Ltd.

• Bosal International N.V.

• Harbin Airui Automotive Exhaust Systems Co. Ltd.

• Sejong Industrial Co. Ltd.

Recent Developments

• Futaba Industrial Co., Ltd. stated in May 2021 that they would be participating in the Automotive Engineering Exposition 2021 Online. With an eye on achieving SDGs, the business plans to deploy new exhaust and body system components that enhance fuel efficiency, cut weight, and reduce emissions (Sustainable Development Goals).

• Faurecia's Clean Mobility Division has its headquarters in the Koriyama Plant in Koriyama City, Fukushima Prefecture, and in April 2021, the company announced that production would begin there in the second half of that year. Although the Koriyama Plant was supposed to begin operations in September 2020, the spread of the coronavirus has temporarily slowed production at the automakers to whom it delivered products (COVID-19).

• In March of 2021, Eberspächer revealed that it has begun serial manufacturing of tunnel mixers, a technology used to convert exhaust emissions from automobiles and commercial vehicles. The mixer guarantees that the aqueous urea solution is evaporated and mixed with the exhaust gas to the best of its ability.

• In March of 2021, Tenneco's Clean Air business group partnered with Eaton's Vehicle Group to develop an integrated exhaust thermal management system for commercial trucks and light cars. This technology is anticipated to help manufacturers comply with new emissions rules.

Automotive Exhaust Systems Market by Segmentation

By Product Type:

• Exhaust Manifold

• Muffler

• Catalytic Converter

• Oxygen Sensor

• Exhaust Pipes

By Vehicle Type:

• Passenger Car

• Light Commercial Vehicle

• Heavy Commercial Vehicle

By Engine Type:

• Gasoline

• Diesel

By Sales Channel:

• Original Equipment Manufacturer (OEM)

• Aftermarket