Global Exhaust System Market, By After-Treatment Device (Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Lean NOx (Nitrogen Oxide) Trap (LNT), Selective Catalyst Reduction (SCR) and Gasoline Particulate Filter (GPF)), Component (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe and Sensors), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Truck and Bus), Aftermarket Vehicle Type (Light-Duty Vehicle (LDV) and Heavy Duty Vehicle (HDV)), Off-Highway Vehicle Type (Agricultural Tractor and Construction Equipment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights Global Exhaust System Market
Exhaust system market is expected to rise from its initial estimated value of USD 85.05 million in 2020 to an estimated value of USD 95,451 million by 2028, registering a CAGR of 7.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on exhaust system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth. Increasing amounts of environmental pollution and stringent regulations by the particular authorities in the past few years has boosted the exhaust system market.
An exhaust system can usually be defined as the piping system that directs the harmful and toxic gases away from the engine and user of the vehicles. The entire system of pipes usually contains two or more directing system of pipes that flows the harmful gases away from the engine and user while directing the fuel towards the engine.
The high rate of vehicle emissions and pollution is the main driving force in the growth of the emissions system. Strict regulation that appeals to automakers and ventilation systems to develop products and related technologies is also a driving force in the venture market market. The ongoing R&D activities for the production of production systems are also an opportunity for the growth of the production system market.
Increasing demand and usage of battery electric vehicles (BEVs) is expected is a challenge for the exhaust system market. However, the higher cost of lighter-weight exhaust components is a restraint for the growth of the exhaust system market during the forecast period of 2021- 2028.
This exhaust system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research exhaust system market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In February 2017, Eberspächer announced to launch mass production of petrol (GPF) in May. The company's move is expected to increase the market demand for the product as plans are expected to be rolled out to all categories of fuel vehicles.
Exhaust System Market Scope and Market Size
Exhaust system market is segmented on the basis of after-treatment device, component, vehicle type, aftermarket vehicle type and off-highway vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Exhaust system market on the basis of after-treatment device has been segmented as diesel oxidation catalyst (DOC), diesel particulate filter (DPF), lean NOx (Nitrogen Oxide) trap (LNT), selective catalyst reduction (SCR) and gasoline particulate filter (GPF).
- Based on component, the exhaust system market has been segmented into exhaust manifold, downpipe, catalytic converter, muffler, tailpipe and sensors.
- On the basis of vehicle type, the exhaust system market has been segmented into passenger car, light commercial vehicle (LCV), truck and bus.
- Based on aftermarket vehicle type, the exhaust system market is segmented into light-duty vehicle (LDV) and heavy duty vehicle (HDV).
- Based on off-highway vehicle type, the exhaust system market is segmented into agricultural tractor and construction equipment.
Exhaust System Market Country Level Analysis
Exhaust system market is analysed and market size, volume information is provided by country, after-treatment device, component, vehicle type, aftermarket vehicle type and off-highway vehicle type as referenced above.
The countries covered in the exhaust system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the exhaust system market due to the increasing production of the vehicles. Availability of low cost skilled labour, reduced import duties, and benefits for setting up manufacturing plants also helps the growth of market in this region, whereas North America will witness its growth rate due to the growing government regulations regarding the emissions of the harmful gases.
The country section of the exhaust system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Exhaust System Market Share Analysis
Exhaust system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to exhaust system market.
The major players covered in the exhaust system market report Faurecia, Tenneco Inc., Continental AG, Eberspächer, FUTABA INDUSTRIAL CO.LTD., Benteler International, Friedrich Boysen GmbH & Co. KG, Yutaka Giken Company Limited, Sejong Industrial Co.Ltd., BOSAL, MAGNAFLOW, KATCON GLOBAL, Grand Rock Co. Inc., Magneti Marelli S.p.A., FennoSteel, Eminox, European Exhaust and Catalyst Ltd, SANGO Co. Ltd., Calsonic Kansei Corporation, Sharda Motor Industries Ltd., and DENSO CORPORATION among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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