IMARC Group has recently released a new research study titled “Automotive Exhaust System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the automotive exhaust system market?
The global automotive exhaust system market size reached US$ 42.0 Billion in 2022 and expects the market to reach US$ 59.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
What is automotive exhaust system?
An automotive exhaust system is a component of a vehicle that plays a significant role in the operation, performance, and environmental impact of an automobile. It comprises a network of interconnected parts and components designed to manage and direct the exhaust gases produced by the engine, ultimately releasing them safely into the atmosphere. It also consists of a catalytic converter, which contains a catalyst that helps convert harmful pollutants into less harmful substances. It functions to treat, filter, and ultimately expel the harmful byproducts generated during the combustion process within the engine. It plays a role in optimizing the backpressure within the engine, which affects the scavenging of exhaust gases and the overall efficiency of the combustion process. Furthermore, it ensures compliance with emission regulations and reduces noise levels.
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Market Trends and Growth Drivers:
At present, the increasing demand for automotive exhaust systems to minimize the environmental impact of vehicles while maximizing their efficiency and performance represents one of the crucial factors impelling the market growth. Besides this, the rising implementation of stringent environmental regulations and policies to control the emission of vehicular exhausts and industrial fumes responsible for causing air pollution. In addition, the growing purchase of personal cars to travel comfortably and avoid public transportation is offering a favorable market outlook.
Apart from this, the increasing awareness about the detrimental impacts of air pollution on the environment and public health is supporting the growth of the market. Additionally, the rising integration of sensors and connectivity features in automotive exhaust systems for real-time monitoring of exhaust gas emissions and facilitating better vehicle management is strengthening the growth of the market.
Who are the major exhaust manufacturers?
The report covers the major market manufacturers including:
- Benteler International Aktiengesellschaft
- Bosal International (Bosal Nederland B.V.)
- Eberspächer Gruppe GmbH & Co. Kg
- Friedrich Boysen Holding GmbH
- Futaba Industrial Co. Ltd.
- Sango Co. Ltd.
- Sejong Industrial Co. Ltd.
- Tenneco Inc.
- Yutaka Giken Company Limited (Honda Motor Company)
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component Type:
- Catalyst Converter
Breakup by After-Treatment Device:
- Diesel Oxidation Catalyst System
- Diesel Particulate Filter
- Selective Catalytic Reduction System
- Exhaust Gas Recirculation System
- Gasoline Particulate Filter
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
Breakup by Fuel Type:
Breakup by Distribution Channel:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/automotive-exhaust-system-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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