Automotive Exhaust Systems Market Research Report, 2017-2024

A new report covers Automotive Exhaust Systems Market outlook providing historical facts, current status and future development trends information along with data on leading players and regions.

Adoption of stringent norms and regulations, such as EPA10 and Euro6 by various governments, owing to increasing health issues by harmful emissions will drive the industry over the forecast timeframe. These regulations ensure the integration of enhanced exhaust systems in vehicles to reduce Particulate Matter (PM) and Nitrogen Oxide (NOx) emissions. Large investments by industry participants on advancements in these exhaust systems, such as improved torque and engine horsepower, will induce immense potential to the industry size.

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The use of stainless steel in aftermarket automotive exhaust systems will result in enhanced efficiency and durability that lead to the better quality of the overall product. Industry players are also focusing on developing lightweight devices with advancements on field exhaust systems for the elimination of noise pollution. Advent of compact exhaust systems based on innovative anti-sound principle is anticipated to gain prominence in the industry.

Selective Catalytic Reduction (SCR) is another technology that has gained traction in the automotive exhaust systems market. It is a cost-reduction and fuel-efficient technology for emissions control. It reduces NOx level by 90%, Co & HC emissions by 50-90%, and PM emissions by 30-50%. Moreover, increasing usage of Gasoline Particulate Filter (GPF) and Diesel Particulate Filter (DPF) have opened growth opportunities for after treatment devices. Advent of Real Driving Emission (RDE) tests has also paved an opportunistic way for this industry.

By fuel type, the automotive exhaust systems market is segmented into gasoline and diesel. Gasoline is expected to dominate the industry owing to its advantages over diesel. Moreover, this growth is attributed to its excessive usage in passenger vehicles in countries such as the U.S., China, and Japan. Diesel will grow at an exponential rate due to its heavy utilization in heavy commercial vehicles.

Based on the component, automotive exhaust systems market can be divided into downpipe, catalytic converter, tailpipe, sensor, manifold, and muffler. Catalytic converter is anticipated to exhibit the highest share in the industry. It can be attributed to the increased production of commercial and passenger vehicles across the globe.

The presence of various OEMs will escalate the regional growth. Increasing demand in countries, such as South Korea and Japan, along with cheap labor and favorable working conditions will further fuel the industry growth in the region. Europe and North America are likely to showcase a significant growth rate over the forecast time frame owing to stringent regulations regarding emissions.

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Friedrich Boysen GmbH, Faurecia, Tenneco, Eberspacher, Sango Co., Ltd., Yutaka Giken Co., Ltd., Sejong Industrial Co., Ltd., Futaba Industrial Co., Ltd., and Benteler International AG. are a few players in automotive exhaust systems market. Industry participants focus on adopting strategies including business expansions and partnerships to gain a competitive edge in the industry. For instance, in July 2017, Faurecia extended its Clean Mobility partnership for emissions control with Components Group and Dongfeng Motor parts. In October 2016, Eberspacher established an exhaust technology factory in Romania to produce exhaust silencers and catalytic converters.

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