Automotive Exhaust System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Exhaust System Market will showcase over 7.5% CAGR from 2024 to 2032, driven by stringent emissions regulations and rising environmental awareness. As per the EPA reports, new vehicle emission standards for light-duty vehicles, introduced in 2023, are projected to reduce nitrogen oxide (NOx) emissions by up to 50% by 2030 compared to current levels.

Governments worldwide are enforcing stricter emissions standards, pushing automakers to adopt advanced exhaust technologies that reduce pollutants and enhance fuel efficiency. Additionally, the increasing demand for electric vehicles (EVs) is encouraging the manufacturers to develop new exhaust solutions. Technological advancements in exhaust system components, such as catalytic converters and particulate filters, also support market growth by improving vehicle performance and compliance with regulatory requirements.

The automotive exhaust system market is sorted based on component, vehicle, fuel type, technology, and region.

The catalytic converters segment is set for notable growth through 2032, driven by Global emphasis on reducing vehicular emissions. As environmental regulations become more stringent, there is a growing need for components that can effectively minimize harmful pollutants released from vehicle exhausts. The heightened regulatory pressure, coupled with increased consumer awareness of environmental issues, pushing automotive manufacturers to integrate advanced catalytic converters into their vehicles to meet both regulatory standards and consumer expectations.

The commercial vehicles segment will account for a prominent automotive exhaust system market share by 2032. As commercial vehicles, including trucks and buses, account for a large share of road transport and generate higher emissions compared to passenger vehicles, there is a strong demand for advanced exhaust systems to meet regulatory requirements and reduce environmental impact. The expansion of commercial transportation networks and logistics operations intensifies the need for effective exhaust solutions, driving market growth as manufacturers focus on developing systems that enhance compliance and operational efficiency.

Europe automotive exhaust system market will grow at a remarkable pace during the forecast period, augmented by the ambitious climate goals and commitment to reducing GHG emissions. Europe's stringent environmental regulations and progressive policies aimed at achieving carbon neutrality by 2050 are compelling automotive manufacturers to invest in advanced exhaust technologies. Additionally, the increasing adoption of hybrid and electric vehicles in Europe is fueling demand for innovative exhaust solutions that support these new vehicle types. The strong presence of automotive manufacturers and suppliers in Europe accelerates market growth through continuous innovation and the development of cutting-edge exhaust system components.

Product Code: 7490

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Software providers
- 3.2.2 Service provider
- 3.2.3 Technology providers
- 3.2.4 End-user
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Technological advancements in exhaust system
  - 3.8.1.2 Increasing demand for fuel efficiency
  - 3.8.1.3 Increasing vehicle production and sales
  - 3.8.1.4 Increased awareness of environmental impact
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Economic downturns and fluctuations
  - 3.8.2.2 The rise of electric vehicles
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Exhaust manifold
5.3 Catalytic converter
5.4 Muffler
5.5 Resonator
5.6 Tailpipe
5.7 Others

Chapter 6 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Passenger cars
6.3 Commercial vehicles
- 6.3.1 Light commercial vehicles
- 6.3.2 Heavy commercial vehicles
- 6.3.3 Buses and coaches

Chapter 7 Market Estimates and Forecast, By Fuel Type, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Gasoline
7.3 Diesel
7.4 Alternative fuels

Chapter 8 Market Estimates and Forecast, By Technology, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 Diesel particulate filter (DPF)
8.3 Selective catalytic reduction (SCR)
8.4 Exhaust gas recirculation (EGR)
8.5 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 BENTELER International
10.2 BORLA Performance Industries
10.3 BOSAL
10.4 Continental AG
10.5 Eberspacher
10.6 Faurecia
10.7 Flowmaster
10.8 Friedrich Boysen
10.9 Katcon Global
10.10 MagnaFlow
10.11 Sejong Industrial
10.12 Tenneco Inc.
10.13 Yutaka Giken Company Limited