자동차 배기 시스템 시장 평가 : 자동차, 유형, 컴포넌트, 연료, 판매채널, 지역별 기회 및 예측(2017-2031년)

The global automotive exhaust systems market is projected to witness a CAGR of 7.97% during the forecast period 2024-2031, growing from USD 46.04 billion in 2023 to USD 85.03 billion in 2031. Even with the proliferation of electric vehicles and increased adoption of vehicles with alternative energy, the ICE still holds the major share of passenger and commercial vehicles around the globe. The exhaust's shape, size, and technology have constantly evolved over the years with the addition of government policies, emission laws, and automaker's research and development. Each component of the system has evolved and turned out better in terms of efficiency, emission, and heating. The rising demand for advanced vehicles pushes automakers to work on different features including reduced backpressure, higher power, ceramic coating of pipe, and others. The evolved systems include rightly designed mufflers, enabling the engine to function at its optimum state along with the utilization of high-performance stainless steel for longer shelf-life and safety.

The importance of vehicle exhaust systems comprises emission control, enhanced engine performance and life, and noise reduction. The car's exhaust system makes it possible for all the trapped gases to be released effectively, which enhances engine performance and fuel efficiency. It provides a comfortable ride and reduces noise pollution with an effective exhaust system. Alongside this, equipment manufacturing brands collaborate and partner with automakers to deliver enhanced exhaust systems.

For instance, in June 2023, Magnaflow announced new XMOD series exhaust systems for the 2023 Honda Civic Type R. Drivers quickly swap out the two supplied xMOD modules-a 14" straight-through muffler module and an xTreme Delete module that resembles a straight pipe-using racing-bred V-band clamps with male/female keyed flanges.

Demand for After-treatment and Enhanced Exhausts to Fuel Market Expansion

The rapidly transforming emission laws along with extended research and development are likely to impact the industry through the adoption of after-treatment devices. For instance, the combination of Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF) reduces up to 70% of the gases including two harmful emissions produced by diesel engines, oxides of nitrogen (NOx) and particulate matter (PM). These after-treatment technologies fuel the demand for advanced exhaust system components, expanding the global automotive exhaust systems market size. Furthermore, the technologically advanced vehicle models are also garnering market growth. The demand for performance exhaust systems with better engine performance, efficiency, and tons of power is anticipated to shape future trends in the market.

For instance, in July 2023, United Kingdom-based Milltek Sport launched its enhanced high-performance exhaust system for BMW's flagship M2 Coupe, enabling higher engine potential from the new baby M car. Following the announcement, the newest M2 is the last full-bore M vehicle with an all-internal combustion engine that comes with a 454-horsepower turbocharged inline six-cylinder engine powered by Milltek Sport's upgraded exhaust system.

Advent of Lightweight Vehicles and Increasing Disposable Income to Thrive Market Growth

The growing trend of lightweight vehicles with increased mileage and lower particulate emissions is pushing automakers to cut weight proportionally. Hence, automakers and equipment manufacturers are now producing lightweight vehicle components with the usage of advanced materials. These materials include high-performance stainless steel, aluminum, and titanium. Titanium, being extremely lightweight, might be an ideal material to address this weight issue. Although titanium is a light and moderately strong alloy for exhaust applications, at higher temperatures it can oxidize as oxygen diffuses into the surface.

For instance, in May 2022, Valentino Balboni launched a lightweight exhaust for the Lamborghini Huracan STO. The finished product bolts up with no fabrication required, and the company claims it is one of the finest upgrades one could apply to STO.

Asia's developing economies, including India and China, have seen an increase in the automotive sector due to rising disposable incomes across various social segments. The automotive exhaust systems business is predicted to have stronger growth possibilities due to the expected increase in demand for passenger and commercial cars.

Government Compliance Policies and to Fuel Market Growth

The government plays one of the crucial roles in the market growth trajectory. Emission laws, engine standards, and pollution-based stringent policies are anticipated to fuel the market growth. Stricter laws governing vehicle emissions are being implemented by governments worldwide to lessen the adverse environmental impacts attributed to the automobile sector. Component providers are under pressure from these rules to develop highly efficient and environmentally friendly vehicle exhaust systems for both home and foreign markets. The government also introduces policies and regulatory acts for the manufacturing and usage of exhaust systems.

In April 2023, New environmental-friendly criteria for exhaust emissions from light- and heavy-duty vehicles were recommended by the Environmental Protection Agency. The automobiles that are produced between 2027 and 2032 will be subject to the new regulations.

Higher Adoption, Better Compatibility, and Compact Size to Fuel Segmental Growth

The exhaust manifold category held the highest revenue share. The market has grown because of the rising demand for automobiles, especially in emerging economies. Exhaust systems that provide increased performance, durability, and noise reduction are critical as more people purchase cars. As a result, exhaust manifold producers decided to invest more in research and development to create cutting-edge products that meet changing consumer tastes. The muffler segment accelerates with a higher CAGR due to higher replacement.

For instance, Metalcaucho launched new heat exchangers and exhaust manifold gaskets. In this case, the emphasis is on heat exchangers, a family that currently has more than 250 component numbers in the catalog, and intake manifolds, a family that was introduced last year and is still expanding with 22 new spare parts.

Asia-Pacific Region Leads in the Global Automotive Exhaust Systems Market

Asia-Pacific held the biggest revenue share due to the region's growing spending power and awareness of technology. Furthermore, market expansion is anticipated due to the developing and evolving automotive sectors in developing nations such as China and India. India provides several advantages to the automobile industry, including low labor costs and less expensive raw materials, thus it is anticipated that the Made in India campaign is anticipated to attract significant investments. India and China are two of the world's fastest-growing economies and have extensive supply chains and logistics networks. In the upcoming years, it is also projected that the region's expanding e-commerce sector will increase demand for commercial cars. Brands update their vehicles with the latest exhaust systems while launching their vehicle in this region.

For instance, in July 2023, Kia Motors launched the facelift version of its successful SUV Seltos in India. The updates include more bold and aggressive looks. The GTX+ model also has a working pair of dual exhaust systems in addition to a set of oversized dual-tipped exhausts.

Future Market Scenario (2024-2031F)

The expanding automotive presence in emerging economies such as India and China along with the stringent emission regulations are expected to fuel the market growth.

The shift towards highly sustainable materials and manufacturing is anticipated to transform the market growth.

The technological advancements and after-service of exhaust systems are projected to add value to the market.

Companies expanding support to automakers with the extension of the production facilities is likely to fuel the market growth.

Key Players Landscape and Outlook

The automotive exhaust systems market comprises major automotive players along with aftermarket companies. The companies focus on utilizing high-performance metals, advanced technologies for temperature monitoring, enhanced design, and compliances, Furthermore, the companies also collaborate, acquire, and partner to expand their supply chain, distribution channel, and overall market hold.

For instance, in April 2022, Continental's enlarged product line expanded with exhaust gas temperature sensors (EGT sensors) for the Volkswagen Group brands VW, Audi, and Skoda. Additionally, the technology company is growing its EGT sensor program for the Opel brand, which now covers cars with high-volume deliveries including the Astra, Corsa, and Mokka.

Cummins Inc. acquired a part of Faurecia's commercial vehicle exhaust aftertreatment business, including a manufacturing facility in Columbus. The roughly USD 153 million deal announced in May 2023 transferred Faurecia's Columbus South plant located off of County Road 450S and another manufacturing facility in Roermond, Netherlands, and their related activities to Cummins.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Voice of Customer

• 4.1.Performance
• 4.2.Emission Compliance
• 4.3.Durability
• 4.4.Fitment
• 4.5.Sound
• 4.6.Weight
• 4.7.Warranty

5.Global Automotive Exhaust Systems Market Outlook, 2017-2031F

• 5.1.Market Size & Forecast
  • 5.1.1.By Value
  • 5.1.2.By Volume
• 5.2.By Vehicle
  • 5.2.1.Passenger Vehicles
  • 5.2.2.Commercial Vehicles
• 5.3.By Type
  • 5.3.1.Single Exit Pipe
  • 5.3.2.Dual Rear Exit
  • 5.3.3.Opposite Dual Exhaust
  • 5.3.4.Others
• 5.4.By Component
  • 5.4.1.Exhaust Manifold
  • 5.4.2.Muffler
  • 5.4.3.Oxygen Sensor
  • 5.4.4.Others
• 5.5.By Fuel
  • 5.5.1.Gasoline
  • 5.5.2.Diesel
• 5.6.By Sales Channel
  • 5.6.1.OEM
  • 5.6.2.Aftermarket
• 5.7.By Region
  • 5.7.1.North America
  • 5.7.2.Europe
  • 5.7.3.Asia-Pacific
  • 5.7.4.South America
  • 5.7.5.Middle East and Africa
• 5.8.By Company Market Share (%), 2023

6.Global Automotive Exhaust Systems Market Outlook, By Region, 2017-2031F

• 6.1.North America*
  • 6.1.1.Market Size & Forecast
    • 6.1.1.1.By Value
  • 6.1.2.By Vehicle
    • 6.1.2.1.Passenger Vehicles
    • 6.1.2.2.Commercial Vehicles
  • 6.1.3.By Type
    • 6.1.3.1.Single Exit Pipe
    • 6.1.3.2.Dual Rear Exit
    • 6.1.3.3.Opposite Dual Exhaust
    • 6.1.3.4.Others
  • 6.1.4.By Component
    • 6.1.4.1.Exhaust Manifold
    • 6.1.4.2.Muffler
    • 6.1.4.3.Oxygen Sensor
    • 6.1.4.4.Others
  • 6.1.5.By Fuel
    • 6.1.5.1.Gasoline
    • 6.1.5.2.Diesel
  • 6.1.6.By Sales Channel
    • 6.1.6.1.OEM
    • 6.1.6.2.Aftermarket
  • 6.1.7.United States*
    • 6.1.7.1.Market Size & Forecast
      • 6.1.7.1.1.By Value
    • 6.1.7.2.By Vehicle
      • 6.1.7.2.1.Passenger Vehicles
      • 6.1.7.2.2.Commercial Vehicles
    • 6.1.7.3.By Type
      • 6.1.7.3.1.Single Exit Pipe
      • 6.1.7.3.2.Dual Rear Exit
      • 6.1.7.3.3.Opposite Dual Exhaust
      • 6.1.7.3.4.Others
    • 6.1.7.4.By Component
      • 6.1.7.4.1.Exhaust Manifold
      • 6.1.7.4.2.Muffler
      • 6.1.7.4.3.Oxygen Sensor
      • 6.1.7.4.4.Others
    • 6.1.7.5.By Fuel
      • 6.1.7.5.1.Gasoline
      • 6.1.7.5.2.Diesel
    • 6.1.7.6.By Sales Channel
      • 6.1.7.6.1.OEM
      • 6.1.7.6.2.Aftermarket
  • 6.1.8.Canada
  • 6.1.9.Mexico

All segments will be provided for all regions and countries covered

• 6.2.Europe
  • 6.2.1.Germany
  • 6.2.2.France
  • 6.2.3.Italy
  • 6.2.4.United Kingdom
  • 6.2.5.Russia
  • 6.2.6.Netherlands
  • 6.2.7.Spain
  • 6.2.8.Turkey
  • 6.2.9.Poland
• 6.3.Asia-Pacific
  • 6.3.1.India
  • 6.3.2.China
  • 6.3.3.Japan
  • 6.3.4.Australia
  • 6.3.5.Vietnam
  • 6.3.6.South Korea
  • 6.3.7.Indonesia
  • 6.3.8.Philippines
• 6.4.South America
  • 6.4.1.Brazil
  • 6.4.2.Argentina
• 6.5.Middle East & Africa
  • 6.5.1.Saudi Arabia
  • 6.5.2.UAE
  • 6.5.3.South Africa

7.Market Mapping, 2023

• 7.1.By Vehicle
• 7.2.By Type
• 7.3.By Component
• 7.4.By Fuel
• 7.5.By Sales Channel
• 7.6.By Region

8.Macro Environment and Industry Structure

• 8.1.Demand Supply Analysis
• 8.2.Import Export Analysis
• 8.3.Value Chain Analysis
• 8.4.PESTEL Analysis
  • 8.4.1.Political Factors
  • 8.4.2.Economic System
  • 8.4.3.Social Implications
  • 8.4.4.Technological Advancements
  • 8.4.5.Environmental Impacts
  • 8.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 8.5.Porter's Five Forces Analysis
  • 8.5.1.Supplier Power
  • 8.5.2.Buyer Power
  • 8.5.3.Substitution Threat
  • 8.5.4.Threat from New Entrants
  • 8.5.5.Competitive Rivalry

9.Market Dynamics

• 9.1.Growth Drivers
• 9.2.Growth Inhibitors (Challenges and Restraints)

10.Key Players Landscape

• 10.1.Competition Matrix of Top Five Market Leaders
• 10.2.Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
• 10.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
• 10.4.SWOT Analysis (For Five Market Players)
• 10.5.Patent Analysis (If Applicable)

11.Pricing Analysis

12.Case Studies

13.Key Players Outlook

• 13.1.BENTELER International Aktiengesellschaft,
  • 13.1.1.Company Details
  • 13.1.2.Key Management Personnel
  • 13.1.3.Products & Services
  • 13.1.4.Financials (As reported)
  • 13.1.5.Key Market Focus & Geographical Presence
  • 13.1.6.Recent Developments
• 13.2.BOSAL
• 13.3.Continental AG
• 13.4.Eberspacher
• 13.5.FORVIA Faurecia
• 13.6.FUTABA INDUSTRIAL CO. LTD
• 13.7.Boysen
• 13.8.Sejong Industrial Co.Ltd
• 13.9.Tenneco Inc.
• 13.10.Yutaka Giken Company Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14.Strategic Recommendations

15.About Us & Disclaimer