Automotive
exhaust system is an integral component of the automobiles vehicle. It is
primarily used for releasing the automotive exhaust gases from an internal
combustion engine. It includes catalytic converter, which aids clean the gases
& other parts. It includes one or more exhaust pipes, which depends on the
overall system design. The exhaust system is carefully designed to collects the
exhaust gases or noxious gases (hydrocarbons, nitrogen-oxides, and carbon
monoxide) from the cylinders, eliminates harmful substances, decreases the
level of noise and discharges the filtered exhaust gases at an appropriate
point of the vehicle away from its occupants.
According
to study, “World Automotive Exhaust System
Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and
etc)” the key companies operating in the world
automotive exhaust system market are Faurecia SA, SANGO Co. Ltd., HITER,
Wanxiang, Yutaka Giken Co. Ltd., Benteler International AG, Boysen, Futaba
Industrial Co. Ltd., Tenneco Inc., Airui, Benteler International AG., Friedrich
Boysen GmbH & Co. Kg., Eberspacher GmbH & Co. Kg, Bosal International
NV., Catar, Sejong Industrial Co., Ltd. The key players are focusing on
developing lightweight devices with advancements on field exhaust systems for
elimination of noise pollution. Advent of compressed exhaust systems based on innovative
anti-sound principle is estimated to gain prominence in the industry. These
systems will effectively increase the vehicle’s fuel efficiency.
Based
on type, automotive exhaust system market is segmented into single exhaust
system and dual exhaust system. Based on component type, market is segmented
into catalyst converter, downpipe, manifold, tailpipe, muffler and others.
Based on after treatment device, market is segmented into Lean NOx Trap (LNT),
Diesel Oxidation Catalyst (DOC), Selective Catalytic Reduction (SCR) and Diesel
Particulate Filter (DPF). Based on fuel type, market is segmented into gasoline
and diesel. Diesel segment is expected to witness higher growth rate owing to
advancements in diesel technologies and availability of low sulfur diesel over
the forecast period. Based on vehicle type, market is segmented into passenger
Car, construction equipment, Light Commercial Vehicles (LCV), Heavy Commercial
Vehicles (HCV), and agriculture tractor. In addition, based on sales channel,
market is segmented into aftermarket and Original Equipment Manufacturers
(OEM).
The
automotive exhaust system market is driven by rapid growth of the automotive
industry, followed by rise in disposable income of consumers, increase in
infrastructure & other commercial projects, emergence of automotive
companies, increase in consumer awareness, growth in demand for commercial
vehicles, increase in incorporation of catalytic converters and rise in demand
for effective & unobtrusive catalytic converter units. However, shifting
consumer preference toward electric vehicles and high cost of lightweight
exhaust components may impact the market.
Based
on geography, China and Japan countries hold major share in automotive exhaust
system market owing to growth in volume of sale of passenger vehicles in the
countries. USA and EU are expected to showcase a substantial growth rate over
the forecast time frame due to stringent regulations regarding emissions. The
global market is expected to grow at a CAGR of approximately 4.6% over the next
five years, will reach US $46100 million in 2024, from US $35200 million in
2019.
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