Global Automotive Exhaust Systems Market Outlook to 2028 Size, Share and Trend Analysis Report – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The “Automotive Exhaust Systems Market Size, Share and Trend Analysis Report by Component, Fuel Type (Gasoline, Diesel), Vehicle Type (Passenger Car, Commercial Vehicles) ), by Region and Segment Forecast, 2021-2028 “report was added to ResearchAndMarkets.com offer.

The global automotive exhaust system market size is expected to reach USD 68.45 billion by 2028. The market is expected to grow at a CAGR of 6.2% from 2021 to 2028.

Companies mentioned

  • BENTELER International

  • Bosal

  • Continental SA

  • Eberspacher

  • Faurecia

  • FUTABA INDUSTRIAL CO., LTD.

  • Friedrich boysen

  • Sejong Industrial Co., Ltd.

  • Tenneco inc.

  • Yutaka Giken Company Limited

Strict government regulations associated with vehicle emissions, coupled with the increasing penetration of aftertreatment devices, are expected to drive demand for automotive exhaust systems. Moreover, increasing sales of passenger cars and commercial vehicles along with growing demand for lightweight emission systems are expected to create significant opportunities for players operating throughout the market value chain.

Automotive OEMs are working on several aspects, such as new and lightweight materials, drivetrain efficiency (engine / drivetrain), and aerodynamic design, to reduce vehicle weight. Conventional exhaust systems and their components are made using materials such as stainless steel, cast iron, and mild steel / carbon steel. However, several automotive OEMs, exhaust system manufacturers and other companies strive to provide lightweight products made from high temperature resistant composite metals. For example, Tenneco Inc. offers lightweight compact systems and lightweight aftertreatment and metering systems to improve fuel economy and thermal management of the exhaust system and the vehicle as a whole.

The outbreak of the COVID-19 pandemic has hampered the overall business scenario in 2020, and the economy is expected to continue to suffer the consequences over the next several years. Supply chains have been disrupted and production has been temporarily suspended at several production facilities due to closures and restrictions imposed in various parts of the world. Subsequently, shipments were delayed and production volumes fell, affecting overall automotive production. As a result of the pandemic, several exhaust system companies and manufacturers have faced year-over-year decline in unit volumes and revenues. For example, Eberspacher, a leading player in the exhaust systems market, experienced declining revenues from the Exhaust Technology business segment. The company’s exhaust technology sales declined 0.4% year-on-year to $ 6,033.1 million in 2020, from $ 6,099.46 million in 2019.

In 2020, Asia-Pacific captured around 60% of the demand for automotive exhaust systems and is expected to register a CAGR of around 7.0% during the forecast period. This share is attributed to increased production and sales of passenger cars and commercial vehicles in emerging economies such as India and China. China has been the world’s largest automaker since 2008.

Highlights of the Automotive Exhaust Systems Market Report

  • In terms of components, the muffler segment is expected to register the highest CAGR of over 7% from 2021 to 2028 due to the growing demand for dual exhaust muffler systems in mid-size and luxury vehicles.

  • In terms of fuel type, the gasoline segment has emerged as the most important segment in 2020 and is expected to maintain its dominance during the forecast period.

  • In terms of vehicle type, the commercial vehicle segment is expected to grow at the highest CAGR of around 7.5% during the forecast period due to the increasing demand for commercial vehicles in the transportation and retail sectors. logistic.

  • Asia-Pacific has emerged as the largest regional automotive exhaust systems market in 2020 and is expected to maintain its dominance during the forecast period.

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Variables, Trends and Scope of Automotive Exhaust Systems Market

3.1 Mapping of penetration and growth prospects

3.2 Industry Value Chain Analysis

3.3 Automotive Exhaust Systems Market Dynamics

3.3.1 Market Driver Analysis

3.3.1.1 Strict government standards associated with carbon emissions

3.3.1.2 Increase in sales of passenger and utility vehicles worldwide

3.3.2 Analysis of market restrictions

3.3.2.1 Migrating to electric vehicles

3.3.3 Analysis of market opportunities

3.3.3.1 Lightweight emission systems

3.4 Automotive Exhaust Systems Industry Analysis – Porter’s

3.5 Automotive Exhaust Systems Industry Analysis – PEST

3.6 Automotive Exhaust Systems Market – COVID-19 Impact

3.7 Automotive Exhaust Systems Market: Key Company Analysis, 2020

Chapter 4. Automotive Exhaust Systems Market: Components Segment Analysis

Chapter 5. Automotive Exhaust Systems Market: Fuel Type Segment Analysis

Chapter 6. Automotive Exhaust Systems Market: Vehicle Type Segment Analysis

Chapter 7. Automotive Exhaust Systems Market: Regional Segment Analysis

Chapter 8. Competitive landscape

For more information on this report, visit https://www.researchandmarkets.com/r/dm73qq

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