Global Automotive Exhaust System Components Market Size, Share and Trends Analysis Report, By Type (Manifold, Exhaust Pipe, Car Muffler, Connector, and Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and By Fuel Type (Gasoline and Diesel) Forecast Period (2022-2028)

The global automotive exhaust system components market is anticipated to grow at a CAGR of 6.1 % during the forecast period (2022-2028). The rising levels of environmental pollution, and stringent regulations imposed by specific authorities are expected to propel the growth of the market during the forecast period. An exhaust system is typically defined as the piping system that directs harmful and toxic gases away from the engine and the vehicle’s occupants. The entire system of pipes includes two or more directing systems of pipes that direct harmful gases away from the engine and user while directing fuel towards the engine. Strict regulation encourages automakers and ventilation systems to develop products and related technologies, which is further expected to drive the market during the forecast period. The ongoing R&D activities for the production of production systems are also an opportunity for the market to grow.

However, the growing demand for and use of battery electric vehicles (BEVs) will pose a challenge to the exhaust system market. The higher cost of lighter-weight exhaust components is further expected to restrain the growth of the exhaust system market during the forecast period.

Some major players in the market include Tenneco, Faurecia SE, Eberspacher Group, Yutaka Giken, Calsonic Kansei Corp., Magneti Marelli S.p.A., and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, ZF launched a new WABCO Diesel Exhaust Fluid for BS-VI vehicles. The BS-VI norms are very stringent and are expected to reduce nitrogen oxide (NOx) emissions by up to 70% along with a decrease in hydrocarbon emissions and particulate matter. As a result, OEMs are making several technical changes in diesel vehicles such as SCR provision for fitting diesel particulate filters and Exhaust Gas Recirculation (EGR).

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Component Type
  • By Vehicle Type
  • By Fuel Type
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Tenneco, FaureciaSE, Eberspacher Group, Yutaka Giken, Calsonic Kansei, Magneti Marelli S.p.A., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Exhaust System Components Market Report by Segment

By Component Type

• Manifold
• Exhaust Pipe
• Car Muffler
• Connector
• Others

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Fuel Type

• Gasoline
• Diesel

Global Automotive Exhaust System Components Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa