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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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
