The global Automotive Exhaust Systems exhaust systems market is estimated to grow at the CAGR of nearly 4.7% during the forecast period. The major factors contributing to the growth of the market include the stringent vehicle emission standards and rising production of commercial and passenger vehicles. Increasing environment regulations related to vehicle emissions have augmented the adoption of Automotive Exhaust Systems exhaust systems in the vehicle components. For instance, on February 19, 2016, the Indian Ministry of Road Transport and Highways (MoRTH) sanctioned a notification of Bharat Stage (BS) VI emission standards. This notification is issued for all major on-road vehicle classes in India.
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The demand for automotive exhaust systems in passenger vehicles is growing significantly owing to the high production of passenger vehicles. As per the International Organization of Motor Vehicle Manufacturers (OICA), more than 70 million passenger cars were produced in 2018. This results in the adoption of automotive exhaust systems in passenger cars to meet vehicle emission standards. In addition, the increasing demand for plug-in hybrid electric cars is further contributing to the demand for automotive exhaust systems to control emissions and improve fuel efficiency. As per the International Energy Agency (IEA), in China, the demand for plug-in hybrid electric vehicles (PHEV) has significantly increased from 280,000 in 2017 to 540,000 in 2018.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Automotive Exhaust Systems Exhaust Systems Market Segmentation
By Component
- Manifold
- Catalytic Converters
- Flexible Couplings
- Muffler
- Pipes
- Hanger Rods
- Others (Gasket and Flanges)
By Application
- Passenger Vehicles
- Commercial Vehicles
Automotive Exhaust Systems Exhaust Systems Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Automotive Exhaust Systems exhaust systems market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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