NEW YORK, June 20, 2023 /PRNewswire/ — The automotive exhaust system market is estimated to grow by USD 23.51 billion from 2022 to 2027, growing at a CAGR of 7.42% during the forecast period. APAC is estimated to contribute 62% to the growth of the global market during the forecast period. This key factor for the growth of the region is rising vehicle market penetration in countries such as China, Japan, South Korea, ASEAN, and India. Automobile manufacturers in the region offer automobiles with improved exhaust systems that reduce harmful emissions into the atmosphere. Furthermore, many APAC economies are changing emissions standards to keep up with advanced automotive countries. The rapid economic development of emerging economies in the Asia-Pacific region has resulted in a notable rise in per capita income. As a result, it has increased the purchasing power of consumers and led to an increase in automobile sales in the region. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) – View Sample report
Technavio has announced its latest market research report titled Global Automotive Exhaust System Market 2023-2027
Vendor Landscape
The automotive exhaust system market is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy The Report
Automotive exhaust system market – Market Dynamics
Major Drivers & Challenges
The increasing use of lightweight and advanced alloys is driving the growth of the automotive exhaust system market. The use of tubular steel exhaust manifolds is increasing among automakers for their entry-level vehicles as it helps to improve the overall efficiency of the exhaust system. The choice of material for manufacturing the exhaust manifold holds significant importance as it directly affects the reliability and durability of the entire exhaust system. Therefore, the use of stainless steel in mass-produced vehicles such as automobiles is increasing, which is driving the growth of the global automotive exhaust system market.
The high cost associated with exhaust systems is a key factor challenging the growth of the market. The automotive industry is experiencing a significant integration of electronics into the design, development, and manufacturing processes of vehicles. This integration is accompanied by increased utilization of advanced materials and the adoption of advanced techniques and machinery. As a result of these changes, modern automobiles have become safer, more energy efficient, and more fuel efficient. However, these trends in the industry are also contributing to the rising costs of vehicles. Hence, all these factors will challenge the growth of the global automotive exhaust system market.
Key Trends
Developments in the field of automotive catalytic converters are the major trend shaping the automotive exhaust system market. Continuous advancements are being made in the structural design, materials, and functionality of automotive catalytic converters. These developments in automotive catalytic converters are enhancing the effectiveness and efficiency of automobile exhaust systems. Currently, a new prototype of an advanced catalytic converter is in the process of development. This prototype design will minimize the use of metal, resulting in reduced fuel consumption and lower manufacturing costs. In addition, rare metals such as palladium, rhodium, and platinum are very expensive, so reducing the consumption of these metals can significantly reduce the cost of manufacturing catalytic converters. Hence, these developments are positively influencing the growth of the global automotive exhaust system market.
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Report
Company Profiles
The automotive exhaust system market report includes information on the product launches, sustainability, and prospects of leading vendors including Akrapovic d.d., Benteler International AG, Berkshire Hathaway Inc., Bosal Nederland BV, Eberspacher Gruppe GmbH and Co.KG, Eisenmann Exhaust Systems GmbH, Faurecia, Friedrich Boysen GmbH and Co. KG, Futaba Industrial Co. Ltd., Hexadex Ltd., Hirotec Corp., Honda Motor Co. Ltd., Klarius Products Ltd., Marelli Holdings Co. Ltd., Munjal Auto Industries Ltd., REMUS Innovation GmbH, Sango Co. Ltd., Sejong Industrial Co. Ltd., Thunder Exhaust System Co. Ltd, and Tenneco Inc..
Competitive Analysis
The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.
Market Segmentation
The automotive exhaust system market report extensively covers market segmentation by application (passenger vehicles and commercial vehicles), fuel type (gasoline and diesel), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market share growth in the passenger vehicles segment will be significant during the forecast period. The growth of the passenger car segment in emerging and developing countries like India, China, and ASEAN nations is a key factor driving the growth of the passenger car segment within the automotive exhaust system industry. Furthermore, stringent regulations on vehicle emissions in the automotive market are driving the introduction of more effective exhaust systems.
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Automotive Exhaust System Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.42% |
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Market growth 2023-2027 |
USD 23.51 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
6.3 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 62% |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akrapovic d.d., Benteler International AG, Berkshire Hathaway Inc., Bosal Nederland BV, Eberspacher Gruppe GmbH and Co.KG, Eisenmann Exhaust Systems GmbH, Faurecia, Friedrich Boysen GmbH and Co. KG, Futaba Industrial Co. Ltd., Hexadex Ltd., Hirotec Corp., Honda Motor Co. Ltd., Klarius Products Ltd., Marelli Holdings Co. Ltd., Munjal Auto Industries Ltd., REMUS Innovation GmbH, Sango Co. Ltd., Sejong Industrial Co. Ltd., Thunder Exhaust System Co. Ltd, and Tenneco Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Fuel Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive exhaust system market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on global automotive exhaust system market 2017 – 2021 ($ billion)
4.2 Application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ billion)
4.3 Fuel type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Fuel type Segment 2017 – 2021 ($ billion)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger vehicles – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger vehicles – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Passenger vehicles – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Passenger vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger vehicles – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ billion)
Exhibit 43: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Fuel Type
7.1 Market segments
Exhibit 44: Chart on Fuel Type – Market share 2022-2027 (%)
Exhibit 45: Data Table on Fuel Type – Market share 2022-2027 (%)
7.2 Comparison by Fuel Type
Exhibit 46: Chart on Comparison by Fuel Type
Exhibit 47: Data Table on Comparison by Fuel Type
7.3 Gasoline – Market size and forecast 2022-2027
Exhibit 48: Chart on Gasoline – Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Data Table on Gasoline – Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Chart on Gasoline – Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Gasoline – Year-over-year growth 2022-2027 (%)
7.4 Diesel – Market size and forecast 2022-2027
Exhibit 52: Chart on Diesel – Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Diesel – Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Diesel – Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Diesel – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Fuel Type
Exhibit 56: Market opportunity by Fuel Type ($ billion)
Exhibit 57: Data Table on Market opportunity by Fuel Type ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 59: Chart on Market share by geography 2022-2027 (%)
Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 63: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 75: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 83: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 91: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 Japan – Market size and forecast 2022-2027
Exhibit 95: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.12 South Korea – Market size and forecast 2022-2027
Exhibit 99: Chart on South Korea – Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on South Korea – Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on South Korea – Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on South Korea – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 103: Market opportunity by geography ($ billion)
Exhibit 104: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Akrapovic d.d.
Exhibit 111: Akrapovic d.d. – Overview
Exhibit 112: Akrapovic d.d. – Product / Service
Exhibit 113: Akrapovic d.d. – Key offerings
12.4 Benteler International AG
Exhibit 114: Benteler International AG – Overview
Exhibit 115: Benteler International AG – Business segments
Exhibit 116: Benteler International AG – Key offerings
Exhibit 117: Benteler International AG – Segment focus
12.5 Berkshire Hathaway Inc.
Exhibit 118: Berkshire Hathaway Inc. – Overview
Exhibit 119: Berkshire Hathaway Inc. – Business segments
Exhibit 120: Berkshire Hathaway Inc. – Key news
Exhibit 121: Berkshire Hathaway Inc. – Key offerings
Exhibit 122: Berkshire Hathaway Inc. – Segment focus
12.6 Bosal Nederland BV
Exhibit 123: Bosal Nederland BV – Overview
Exhibit 124: Bosal Nederland BV – Product / Service
Exhibit 125: Bosal Nederland BV – Key news
Exhibit 126: Bosal Nederland BV – Key offerings
12.7 Eberspacher Gruppe GmbH and Co.KG
Exhibit 127: Eberspacher Gruppe GmbH and Co.KG – Overview
Exhibit 128: Eberspacher Gruppe GmbH and Co.KG – Business segments
Exhibit 129: Eberspacher Gruppe GmbH and Co.KG – Key offerings
Exhibit 130: Eberspacher Gruppe GmbH and Co.KG – Segment focus
12.8 Faurecia
Exhibit 131: Faurecia – Overview
Exhibit 132: Faurecia – Business segments
Exhibit 133: Faurecia – Key offerings
Exhibit 134: Faurecia – Segment focus
12.9 Friedrich Boysen GmbH and Co. KG
Exhibit 135: Friedrich Boysen GmbH and Co. KG – Overview
Exhibit 136: Friedrich Boysen GmbH and Co. KG – Product / Service
Exhibit 137: Friedrich Boysen GmbH and Co. KG – Key offerings
12.10 Futaba Industrial Co. Ltd.
Exhibit 138: Futaba Industrial Co. Ltd. – Overview
Exhibit 139: Futaba Industrial Co. Ltd. – Product / Service
Exhibit 140: Futaba Industrial Co. Ltd. – Key offerings
12.11 Hexadex Ltd.
Exhibit 141: Hexadex Ltd. – Overview
Exhibit 142: Hexadex Ltd. – Product / Service
Exhibit 143: Hexadex Ltd. – Key offerings
12.12 Hirotec Corp.
Exhibit 144: Hirotec Corp. – Overview
Exhibit 145: Hirotec Corp. – Product / Service
Exhibit 146: Hirotec Corp. – Key offerings
12.13 Honda Motor Co. Ltd.
Exhibit 147: Honda Motor Co. Ltd. – Overview
Exhibit 148: Honda Motor Co. Ltd. – Business segments
Exhibit 149: Honda Motor Co. Ltd. – Key news
Exhibit 150: Honda Motor Co. Ltd. – Key offerings
Exhibit 151: Honda Motor Co. Ltd. – Segment focus
12.14 Klarius Products Ltd.
Exhibit 152: Klarius Products Ltd. – Overview
Exhibit 153: Klarius Products Ltd. – Product / Service
Exhibit 154: Klarius Products Ltd. – Key offerings
12.15 Marelli Holdings Co. Ltd.
Exhibit 155: Marelli Holdings Co. Ltd. – Overview
Exhibit 156: Marelli Holdings Co. Ltd. – Product / Service
Exhibit 157: Marelli Holdings Co. Ltd. – Key news
Exhibit 158: Marelli Holdings Co. Ltd. – Key offerings
12.16 Sejong Industrial Co. Ltd.
Exhibit 159: Sejong Industrial Co. Ltd. – Overview
Exhibit 160: Sejong Industrial Co. Ltd. – Product / Service
Exhibit 161: Sejong Industrial Co. Ltd. – Key offerings
12.17 Tenneco Inc.
Exhibit 162: Tenneco Inc. – Overview
Exhibit 163: Tenneco Inc. – Business segments
Exhibit 164: Tenneco Inc. – Key news
Exhibit 165: Tenneco Inc. – Key offerings
Exhibit 166: Tenneco Inc. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 167: Inclusions checklist
Exhibit 168: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 169: Currency conversion rates for US$
13.4 Research methodology
Exhibit 170: Research methodology
Exhibit 171: Validation techniques employed for market sizing
Exhibit 172: Information sources
13.5 List of abbreviations
Exhibit 173: List of abbreviations
About us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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