Exhaust System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Exhaust system is defined as a piping system intended to guide reaction exhaust gases away from combustion taking place inside an automotive engine. The key purpose of the exhaust system is to emit burned gases to the back of the vehicle and to decrease the sound of engine combustion.

MARKET SCOPE

The "Global Exhaust system Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the exhaust system market with detailed market segmentation by vehicle type, fuel type, components, treatment after device, sales channel, and geography. The report provides key statistics on the market status of the leading exhaust system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on vehicle type, the global exhaust system market is segmented into passenger cars, LCV and HCV.
  
•   On the basis of fuel type, the market is segmented into gasoline and diesel.
  
•   Based on components, the global exhaust system market is segmented into exhaust valve, exhaust manifold, oxygen sensor, exhaust pipe, catalytic converter, muffler and tail pipe.
  
•   Based on treatment after device, the global exhaust system market is segmented into diesel oxygen catalyst, diesel particulate filter, lean nox trap, selective catalytic reduction.
  
•   Based on sales channel, the global exhaust system market is segmented into OEM and aftermarket.
  

MARKET DYNAMICS
Drivers:

•   Strict government rules & regulations for fuel efficiency & emissions is the major driver which helps in surging the growth of exhaust system market.
  
•   Introduction of real drive emission test will add new opportunities for this market in the coming years.
  

Restraints:

•   Consumer preference toward electric vehicles act as a restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The exhaust system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the exhaust system market in these regions.

IMPACT OF COVID-19 ON EXHAUST SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Exhaust System Market Report Analysis

Exhaust System Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Benteler International AG
• BOSAL Group
• Eberspächer Group
• Faurecia
• Futaba Industrial Co., Ltd
• Robert Bosch GmbH
• SANGO Co., Ltd
• Sejong Industrial Co., Ltd.
• Tenneco Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Vehicle Type

• Passenger Cars
• LCV
• HCV

By Fuel Type

• Gasoline
• Diesel

By Components

• Exhaust Valve
• Exhaust Manifold
• Oxygen Sensor
• Exhaust Pipe
• Catalytic Convertor
• Muffler
• Tail Pipe

By After Treatment Device

• Diesel Oxidation Catalyst
• Diesel Particulate Filter
• Lean Nox Trap
• Selective Catalytic Reduction

MARKET PLAYERS

The report covers key developments in the exhaust system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from exhaust system market are anticipated to lucrative growth opportunities in the future with the rising demand for exhaust system in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the exhaust system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Benteler International AG
  
•   BOSAL Group
  
•   Eberspächer Group
  
•   Faurecia
  
•   Futaba Industrial Co., Ltd
  
•   Robert Bosch GmbH
  
•   SANGO Co., Ltd
  
•   Sejong Industrial Co., Ltd.
  
•   Tenneco Inc.
  
•   Yutaka Giken Company Limited
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Exhaust System Market Report Scope