Automotive Exhaust Systems Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Exhaust Systems Market Report Overview
The exhaust systems market size was estimated at 87 million units in 2023. Innovations in exhaust system technology and increased deployment of combined after-treatment technology are the key factors influencing the market growth. However, the market is anticipated to record a negative CAGR of more than 2% during 2023-2028. The Asia-Pacific region led the global exhaust systems market in 2023.
Automotive Exhaust Systems Market Outlook 2023-2028 (Million Units)
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The exhaust systems market report provides a comprehensive overview of the automotive exhaust systems market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers. Furthermore, the report evaluates strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 87 million units |
CAGR (2023-2028) | >(2)% |
Key Segments | Exhaust – Petrol, Exhaust – Diesel, and Exhaust – DEF |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Faurecia, Tenneco, Magneti Marelli S.p.A., Katcon Global, Eberspächer, Futaba, Bosal, and Others |
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Automotive Exhaust Systems Market Trends
A major trend in the automotive exhaust systems industry is the rising demand for zero-emission automobiles. The combustion of fuels has led the government to impose limits on pollutant gas emissions from cars. A European Union mandate created the most recent emission standard, known as Euro 6, to minimize dangerous chemicals from an automobile’s exhaust system.
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Automotive Exhaust Systems Market Segmentation by Region
In 2023, Asia-Pacific emerged as the largest growth-contributing regional segment of the exhaust systems market.
The key regions in the exhaust systems market are Asia-Pacific, Europe, North America, South America, and MEA. Asian countries are at the forefront of emission control systems adoption which in turn drives the demand for the exhaust systems sector.
Automotive Exhaust Systems Market Analysis by Region, 2023 (%)
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Automotive Exhaust Systems Market – Competitive Landscape
Faurecia led the emission control systems market in 2021.
The leading companies in the exhaust systems market are:
- Faurecia
- Tenneco
- Magneti Marelli S.p.A.
- Katcon Global
- Eberspächer
- Futaba
- Bosal
- Others
Faurecia: The electrically heated catalyst from Faurecia was unveiled at the Shanghai Motor Show in 2021. It is intended to reach the ideal temperature for pollutant conversion faster (in less than 10 seconds) and with twice the energy efficiency of competing technologies.
The company has taken a few strategic actions to aid the growth of the automotive exhaust systems market. For instance, in Bavans (Doubs), Faurecia established its global center of expertise for the design and manufacture of hydrogen storage systems.
Automotive Exhaust Systems Market Analysis by Companies, 2021 (%)
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Automotive Exhaust Systems Market Segmentation by Sectors
In 2023, exhaust – petrol garnered the largest share among all exhaust systems segments
The key sectors in the exhaust systems market are exhaust-petrol, exhaust–diesel, and exhaust-DEF. Exhaust – diesel also had a significant share in the automotive exhaust systems market.
Automotive Exhaust Systems Market Analysis by Sectors, 2023 (%)
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Automotive Exhaust Systems Market – Latest Developments
- In July 2023, Milltek Sport developed an improved exhaust system for BMW’s new M2 Coupé. Milltek Sport, based in the United Kingdom, is a global, leading manufacturer of performance exhaust systems for a wide range of vehicles, and has become one of the first to introduce an enhanced high-performance exhaust system for BMW’s exciting M2 Coupé, unlocking even more potential from the new baby M car.
- In 2023, Berkshire Hathaway sells AP Emissions Technologies to Marmon Holdings. Marmon Holdings Inc., a Berkshire Hathaway subsidiary, has purchased AP Emissions Technologies (AP) with effect from January 1, 2023.
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Key Segments Covered in this Report.
Automotive Exhaust Systems Sector Outlook (Volume, Million Units, 2018-2028)
- Exhaust – Petrol
- Exhaust – Diesel
- Exhaust – DEF
Automotive Exhaust Systems Regional Outlook (Volume, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
It includes an analysis of the following –
- Trends & Drivers: Provides an overview of the current sector scenario regarding the outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2017–2026, and spot estimates for 2030 and 2036. The analysis also covers a regional overview highlighting sector size and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report provides key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Tenneco
Magneti Marelli S.p.A.
Katcon Global
Eberspächer
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive exhaust systems market size in 2023?
The automotive exhaust systems market size is estimated at 87 million units in 2023.
-
What will be the CAGR in the exhaust systems market during 2023-2028?
The exhaust systems market will record a negative CAGR of more than 2% during 2023-2028.
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Which was the leading sector of the automotive exhaust systems market?
Exhaust – petrol was the leading sector of the exhaust systems market.
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Which was the region garnering the highest exhaust systems market share?
Asia-Pacific was the region garnering the highest exhaust systems market share.
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Who are the leading exhaust systems market players?
Faurecia, Tenneco, Magneti Marelli S.p.A., Katcon Global, Eberspächer, Futaba, and Bosal among others are a few of the leading exhaust systems market players.
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