Automotive Exhaust Systems Global Market Report 2024

Automotive exhaust systems play a crucial role in collecting and expelling gases from a vehicle while removing harmful substances. Additionally, these systems contribute to noise reduction and direct filtered exhaust away from vehicle occupants. Performance exhaust systems are designed to maintain optimal air levels in the engine, reducing the need for extra fuel consumption to compensate for poor air quality.

Key technologies involved in automotive exhaust systems include diesel oxidation catalyst (DOC), diesel particulate filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), and other advancements. For instance, the diesel oxidation catalyst is an after-treatment device specifically used to minimize emissions from diesel-powered vehicles. These exhaust systems find applications in various vehicle types, including passenger cars, light commercial vehicles, and trucks and buses.

The automotive exhaust systems market research report is one of a series of new reports that provides automotive exhaust systems market statistics, including automotive exhaust systems industry global market size, regional shares, competitors with an automotive exhaust systems market share, detailed automotive exhaust systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive exhaust systems industry. This automotive exhaust systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive exhaust systems market size has grown strongly in recent years. It will grow from $40.28 billion in 2023 to $42.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period of automotive exhaust systems can be attributed to factors such as stringent regulatory emissions standards, increasing consumer demand for cleaner vehicles, growth in vehicle production, requirements for improved fuel efficiency, and efforts to control noise pollution. These factors collectively drove advancements in exhaust system technologies to meet environmental and performance standards.

The automotive exhaust systems market size is expected to see strong growth in the next few years. It will grow to $55.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The forecasted growth in the automotive exhaust systems market can be attributed to the increasing adoption of electric and hybrid vehicles, the use of lightweight materials, advancements in autonomous vehicle technologies, the growth of the aftermarket and retrofit market, the emergence of hydrogen fuel cell vehicles, and the industry's focus on recycling and sustainability. Additionally, there is a trend toward developing emission reduction technologies, integrating sensors and electronics, employing advanced manufacturing techniques, fostering collaborations and mergers, and emphasizing customization and aesthetics, along with the adoption of advanced coating technologies.

The surge in automobile production stands as a primary driver propelling the automotive exhaust systems market. A rapid increase in disposable income among individuals globally, coupled with the burgeoning demand for personal vehicles for daily commutes, has fueled a significant uptick in automobile demand worldwide. This surge in automotive demand directly contributes to heightened utilization of automotive exhaust systems, pivotal components in vehicle manufacturing. For example, in 2021, as reported by OICA (Organisation Internationale des Constructeurs d’Automobiles), the global production of cars, encompassing passenger vehicles and commercial vehicles, reached around 80 million, marking a 3% increase from the previous year. Consequently, the upsurge in automobile production is poised to drive the demand for automotive exhaust systems in the foreseeable future.

The enforcement of stringent emission regulations by governmental bodies plays a pivotal role in propelling the growth trajectory of the automotive exhaust systems market. These regulations, implemented globally, are designed to regulate and curb pollutants emitted by automobile engines and on-road vehicles, aiming to reduce greenhouse gas (GHG) emissions, combat climate change, and minimize air pollution. For instance, in April 2023, the US government proposed new vehicle pollution regulations aimed at enhancing the efficiency and cleanliness of all vehicles, including gas-powered cars and heavy-duty trucks, with an anticipated reduction of approximately 10 billion tons of CO2 emissions. The strict enforcement of such emission regulations is anticipated to drive the demand for automotive exhaust systems during the forecast period, as the automotive industry strives to comply with these stringent norms.

A key emerging trend in the automotive exhaust systems market is the establishment of new production plants by industry players. Companies operating in this sector are strategically focusing on building new manufacturing facilities to expand their business presence into emerging markets. For instance, in March 2021, Esslingen, a Germany-based automotive supplier, inaugurated a new plant for exhaust technology in Ramos Arizpe, near Saltillo, Mexico. This newly established Mexican plant enhances production chain efficiency in North America, enabling swift and direct services for clients in close proximity to major multinational automakers. The strategic location near the Pan-American Highway offers excellent transportation and traffic connections, fostering Esslingen's access to crucial markets.

Numerous companies within the automotive exhaust systems market are actively engaged in pioneering innovative products featuring enhanced designs crafted from lightweight materials. These advancements aim to reduce overall vehicle weight, leading to enhanced engine efficiency, lowered fuel consumption, and improved overall vehicle performance. For instance, in February, Akrapovič d. d., a Slovenian-based manufacturer of automotive exhaust systems, introduced the Racing Line (titanium) for the 2022 Yamaha TMAX and the Slip-On Line (titanium) for the 2022 Yamaha MT-10. These novel additions to their product range are meticulously crafted from premium-grade, lightweight titanium. They are specifically engineered to seamlessly integrate with the intended motorcycle models, boasting the latest designs and cutting-edge production techniques. These innovative exhaust systems highlight the ongoing efforts to enhance performance through the use of lightweight materials and advanced design methodologies.

In August 2021, Faurecia SE, a France-based automotive equipment supplier, completed the acquisition of Hella KGaA Hueck & Co. for a sum of $5.68 billion. This strategic acquisition led to the transformation of both companies, consolidating their positions to form the 7th largest global automotive supplier and possess a highly advanced technology portfolio. Hella KGaA Hueck & Co., a German-based company, specializes in developing and manufacturing lighting, electronic components, and systems for the automotive industry. This acquisition marks a significant step toward synergizing expertise and technological advancements, fostering innovation and growth within the automotive industry.

Major companies operating in the in the automotive exhaust systems market report are Benteler International AG, Continental AG, Eberspacher Group, Faurecia SE, Friedrich Boysen GmbH & Co. KG, Tenneco Inc., MagnaFlow, Borla Performance Industries, Bosal Industries Limited, Sejong Industrial Co. Ltd., Yutaka Giken Co. Ltd., Sango Co. Ltd., Futaba Industrial Co. Ltd., Kolbenschmidt Pierburg AG, Delphi Technologies, Tata AutoComp Systems Limited, Eminox Ltd., Calsonic Kansei Corporation, AP Exhaust Products Inc., Sankei Giken Kogyo Co. Ltd., Motus Integrated Technologies, Meritor Inc., Sharda Motor Industries Ltd., Johnson Matthey plc, Arvin Sango Inc., CECO Environmental Corporation, Flowmaster Inc., Dynomax Inc., Crown, Katcon SA de CV

Asia-Pacific was the largest region in the automotive exhaust systems market in 2023. The regions covered in the automotive exhaust systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive exhaust systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive exhaust systems market consists of sales of single exit pipe, dual rear exit, opposite dual exhaust, and dual side exhaust. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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