USD 50.09 Billion
Automotive Exhaust Systems Market Size, Share, Growth Analysis, By Vehicle type(Passenger cars, commercial vehicles, and motorcycles), By Component type(Exhaust manifolds, catalytic converters, mufflers, and tailpipes), By Fuel type(Gasoline, diesel, and alternative fuel-powered vehicles), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2120 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|Tables:
91
|Figures:
76
Automotive Exhaust Systems Market Insights
Automotive Exhaust Systems Market size was valued at USD 52.69 Billion in 2023 and is poised to grow from USD 55.43 Billion in 2024 to USD 83.15 Billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Global Automotive Exhaust Systems Market is a dynamic and thriving industry that plays a crucial role in the automotive sector. With the purpose of enhancing vehicle performance, reducing emissions, and ensuring compliance with stringent environmental regulations, the market offers a wide range of exhaust system solutions to automotive manufacturers. One of the key drivers fueling the growth of this market is the increasing global demand for automobiles. As the number of vehicles on the road continues to rise, there is a corresponding need for efficient exhaust systems that can effectively manage emissions and improve fuel efficiency. Moreover, stringent emission regulations imposed by various governments across the world are pushing automotive manufacturers to adopt advanced exhaust systems to meet the required standards.
While the market presents promising growth opportunities, it also faces certain restraints. The rising prices of raw materials, such as steel and aluminum, used in exhaust system manufacturing can pose challenges for market players. Additionally, the complexity of integrating exhaust systems into advanced vehicle architectures, such as electric and hybrid vehicles, presents a unique set of challenges for manufacturers. However, amidst these challenges, there are key trends and opportunities that market participants can capitalize on. The increasing adoption of lightweight materials, such as titanium and composites, in exhaust system construction offers significant opportunities for market growth. Furthermore, the growing trend of vehicle electrification has opened up avenues for the development of innovative exhaust systems that can enhance the performance and efficiency of electric powertrains.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Passenger Cars
Fastest Growth
Passenger Cars
Growth Rate
5.2% CAGR
Global Automotive Exhaust Systems Market ($ Bn)
Country Share for North America Region (%)
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Automotive Exhaust Systems Market Segmental Analysis
Global Automotive Exhaust Systems Market is segmented on the basis of vehicle type, component type, fuel type, and region. By vehicle type, the market is segmented into passenger cars, commercial vehicles, and motorcycles. By component type, the market is segmented into exhaust manifolds, catalytic converters, mufflers, and tailpipes. By fuel type, the market is segmented into gasoline, diesel and alternative fuel-powered vehicles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Exhaust Systems Market Analysis by Vehicle Type
The passenger cars segment dominated the market in terms of revenue and volume. Passenger cars account for a significant share of the overall market due to the sheer number of vehicles on the road and the continuous demand for personal transportation. The segment encompasses various types of passenger cars, including sedans, hatchbacks, SUVs, and luxury vehicles. Passenger cars are the preferred mode of transportation for individuals and families worldwide, resulting in a substantial demand for exhaust systems. These systems play a critical role in improving engine performance, reducing noise levels, and controlling emissions. With increasing concerns about environmental sustainability and stringent emission regulations, the demand for technologically advanced and efficient exhaust systems in passenger cars is growing rapidly. Moreover, the passenger car segment is witnessing a surge in demand due to factors such as rising disposable income, urbanization, and changing lifestyles. As more people aspire to own personal vehicles for convenience and comfort, the demand for passenger cars is expected to remain strong, thus driving the growth of the automotive exhaust systems market.
On the other hand, the fastest growing segment in the automotive exhaust systems market is the commercial vehicles segment. This includes trucks, buses, and other utility vehicles used for transportation and logistics purposes. With the globalization of trade and the expansion of e-commerce, the demand for commercial vehicles is experiencing a significant upswing. Commercial vehicles, especially heavy-duty trucks, require robust and efficient exhaust systems to comply with stringent emission norms and ensure optimal performance. Governments and regulatory bodies worldwide are imposing stricter regulations on commercial vehicle emissions, driving the adoption of advanced exhaust systems in this segment. Additionally, the rising demand for electric and hybrid commercial vehicles presents new opportunities for exhaust system manufacturers to cater to the evolving needs of the market.
Automotive Exhaust Systems Market Analysis By Fuel Type
Among the fuel types, the largest segment in the global automotive exhaust systems market is gasoline-powered vehicles. Gasoline engines have traditionally been the dominant choice for automobiles, accounting for a significant portion of the global vehicle fleet. The popularity of gasoline-powered vehicles can be attributed to factors such as their widespread availability, lower initial costs compared to alternative fuel options, and the extensive network of gasoline filling stations. Gasoline-powered vehicles offer a compelling combination of performance, efficiency, and convenience, making them a preferred choice for a vast consumer base. As a result, the demand for exhaust systems for gasoline-powered vehicles remains robust. Market analysis indicates that this segment is expected to maintain its dominance in the coming years, driven by factors such as the ongoing growth of the global automotive market and the rising demand for passenger vehicles in emerging economies.
On the other hand, the fastest-growing segment in the global automotive exhaust systems market is the alternative fuel-powered vehicles segment. With the increasing focus on environmental sustainability and the drive towards reducing greenhouse gas emissions, there has been a significant surge in the adoption of alternative fuel options such as electric, hybrid, and hydrogen-powered vehicles. These vehicles require specialized exhaust systems that cater to their unique powertrain configurations and emission characteristics. The market is experiencing rapid growth, driven by supportive government policies, incentives for electric vehicle adoption, and technological advancements in the field of alternative powertrains. The growth potential of this segment is further bolstered by the increasing investments in charging infrastructure, advancements in battery technology, and the growing consumer awareness regarding the benefits of alternative fuel vehicles. As a result, market analysts predict a substantial expansion of the segment in the foreseeable future.
Global Automotive Exhaust Systems Market By Vehicle Type
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Automotive Exhaust Systems Market Regional Insights
North America dominated the global market. With its robust automotive industry and stringent emission regulations, North America commands a significant market share in the global automotive exhaust systems market. In North America, the United States holds a prominent position, both as a major automotive manufacturer and as a market for exhaust systems. The country's strong focus on reducing emissions and improving fuel efficiency has led to the adoption of advanced exhaust systems. For instance, leading exhaust system manufacturers like Magna International Inc., headquartered in Canada, have gained a substantial market share in North America. Their cutting-edge technologies and extensive product offerings have positioned them as key players in the region.
The Asia Pacific region exhibits tremendous growth potential. With a burgeoning automotive industry and rising consumer demand for vehicles, countries like China and India are driving the growth of the automotive exhaust systems market. China, as the largest automotive market in the world, presents a significant opportunity for market players. For example, Faurecia, a leading exhaust system manufacturer, has established a strong presence in the Asia Pacific region and has witnessed substantial growth in China. Their focus on innovation and expanding production capacities has enabled them to capture a considerable market share in the region.
Global Automotive Exhaust Systems Market By Region
- Largest
- Fastest
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Automotive Exhaust Systems Market Dynamics
Automotive Exhaust Systems Market Drivers
Increasing Stringency of Emission Regulations
- Governments worldwide are implementing stringent emission regulations to curb pollution and reduce greenhouse gas emissions. These regulations push automotive manufacturers to adopt advanced exhaust systems that can effectively reduce emissions. For example, the Euro 6 emission standards in Europe have compelled automakers to incorporate technologies such as selective catalytic reduction (SCR) and diesel particulate filters (DPF) in their exhaust systems to meet the stringent nitrogen oxide (NOx) and particulate matter (PM) limits.
Automotive Exhaust Systems Market Restraints
Rising Raw Material Costs
- Automotive exhaust system manufacturing heavily relies on materials such as steel, aluminum, and precious metals. Fluctuating raw material prices, especially steel, and aluminum, can pose challenges for manufacturers, impacting their profitability. For example, any significant increase in steel prices can increase the production costs of exhaust systems, affecting the overall market dynamics.
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Automotive Exhaust Systems Market Competitive Landscape
Global automotive exhaust systems market boasts a highly competitive landscape with several key players vying for market share. Prominent companies in the industry are engaged in continuous research and development activities to introduce innovative and technologically advanced exhaust systems that meet the evolving needs of the automotive industry. They also focus on strategic collaborations, partnerships, and acquisitions to strengthen their market position and expand their global presence. Additionally, these players actively participate in sustainability initiatives and work towards developing eco-friendly exhaust systems to align with the growing emphasis on environmental consciousness. The competitive landscape of the market is characterized by intense rivalry, technological advancements, and a strong focus on customer satisfaction, driving the market's overall growth and innovation.
Automotive Exhaust Systems Market Top Player’s Company Profile
- Tenneco Inc. (US)
- Faurecia SA (France)
- Eberspächer Gruppe GmbH & Co. KG (Germany)
- MagnaFlow (US)
- Bosal International N.V. (Belgium)
- Friedrich Boysen GmbH & Co. KG (Germany)
- Yutaka Giken Co., Ltd. (Japan)
- Benteler Automotive Rumburk s.r.o. (Czech Republic)
- Sejong Industrial Co., Ltd. (South Korea)
- SANGO Co., Ltd. (Japan)
- Katcon Global (Mexico)
- Futaba Industrial Co., Ltd. (Japan)
- Yutaka Kogyo Co., Ltd. (Japan)
- Benteler Automotive Corporation (US)
- Sona Group (India)
- Chongqing Height Automobile Exhaust System Co., Ltd. (China)
- AP Exhaust Products, Inc. (US)
- Uniparts Group (India)
- Boysen Exhaust Systems (Germany)
- Tenneco Automotive (UK)
Automotive Exhaust Systems Market Recent Developments
- In March 2023, Faurecia announced plans to invest €1 billion in a new exhaust systems plant in China. The plant is expected to be operational by 2025 and will create 1,000 jobs.
- In December 2022, Tenneco announced that it had been awarded a contract to supply exhaust systems for the new Ford F-150 pickup truck. The contract is worth $1 billion and is expected to be completed in 2025.
Automotive Exhaust Systems Key Market Trends
- Lightweight Material Adoption: To improve fuel efficiency and reduce emissions, there is a growing trend of using lightweight materials in exhaust system construction. Materials such as titanium, composites, and high-strength alloys offer weight reduction benefits without compromising durability and performance. For instance, the adoption of titanium exhaust systems in high-performance vehicles improves exhaust flow and reduces weight, leading to enhanced engine performance.
Automotive Exhaust Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Automotive Exhaust Systems Market analysis, the market analysis indicates that the increasing production and sales of automobiles, coupled with stringent emission regulations worldwide, are driving the demand for advanced exhaust systems. Additionally, the rising consumer preference for fuel-efficient vehicles and the growing adoption of electric and hybrid vehicles are influencing the market growth trajectory. Furthermore, the shift towards lightweight materials and the integration of advanced technologies in exhaust system manufacturing are key trends observed in the market. The market research analyst predicts a positive outlook for the global market, with opportunities for market expansion fueled by the need for emission control and compliance with environmental standards in the automotive industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 52.69 Billion |
| Market size value in 2032 | USD 83.15 Billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Exhaust Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Exhaust Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Exhaust Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Exhaust Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Exhaust Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Exhaust Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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