Automotive Exhaust System Market (By Fuel Type: Gasoline, Diesel; By End Use: Passenger Vehicle: Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV); By End Use: DPF, DOC, SCR, LNT) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027

Acumen Research and Consulting estimates that global Automotive Exhaust System market is expected to reach the market value of around US$ 135 Bn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 – 2027.

The report provides analysis of global Automotive Exhaust System market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Insights

Automotive exhaust system, which is a piping system, is primarily designed to track exhaust reaction gasses generated from a controlled combustion. Environmental damage and rising concerns are among some of the primary factors promoting growth in the global market for automotive exhaust systems. With a view to reducing the effect of toxic gas emissions on the atmosphere as well as reducing haze and asthma and respiratory issues caused by air pollution, policymakers in various countries have adopted and enforced strict legislation related to emission rates and vehicle quality requirements. In order to conform to progressively more rigorous regulations imposed by governments, manufacturers of automobile exhaust systems are focused on research and development activities to help in manufacturing more efficient exhaust systems to avoid and mitigate influence of exhaust fumes and pollution on the atmosphere, which is also among other key factors driving growth of the global industry. Advancements in material science, technical and mechanical advances to eliminate pollution emissions in exhaust systems, growing demand for fuel-efficient vehicles, continuously evolving and usage of more enhanced technology in the global automotive industry, rising manufacturing trend to produce more enhanced exhaust systems, etc. are other factors leading to driving market development. Few factors hampering growth of the industry involve high cost and comparatively specific sound as opposed to traditional exhausts in cars. In addition, changing pattern and growing usage of electric cars, fluctuating fuel rates, high CO2 pollution rate, and high maintenance and primary costs are among several aspects hampering the growth of global automotive exhaust systems industry to a certain degree currently. 

Regional Stance

Asia Pacific is projected to be the fastest growing region in the global automotive exhaust system market due to the involvement of developing nations such as China, India, and Japan. Furthermore, owing to the strong demand for passenger and commercial vehicles, various automobile companies are focused on this market as they prepare to extend their operations in the Asia Pacific region.

Report coverage

The market research study on “Automotive Exhaust System Market (Automotive Exhaust System Market By Fuel: Type Gasoline, Diesel, Automotive Exhaust System Market By End Use: Passenger Vehicle, Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV); Automotive Exhaust System Market By End Use: DPF, DOC, SCR, LNT) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Automotive Exhaust System market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Automotive Exhaust System market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Automotive Exhaust System market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global Automotive Exhaust System market is segmented as below:

Market Segmentation

Automotive Exhaust System Market By Fuel Type

• Gasoline
• Diesel

Automotive Exhaust System Market By Vehicle Type

• Passenger Vehicle
• Heavy Commercial Vehicle (HCV)
• Light Commercial Vehicle (LCV)

Automotive Exhaust System Market By End Use

• DPF
• DOC
• SCR
• LNT

Automotive Exhaust System Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such Eberspacher, Faurecia, Benteler International, Futaba Industrial and Tenneco, Chongqing Height Automobile Exhaust System, Bosal International, Friedrich Boysen, and Others.

Their large range of Automotive Exhaust System products and large R&D investment in rubber, revenue, capital and employee strength, and the geographical presence of companies characterize their market dominance.