Global Automotive Exhaust System Market Size, Share, Forecast Report, 2020-2027
Automotive exhaust systems are an integral component of the automobiles vehicles. The increased focus on the development of technologies for meeting international emission guidelines is expected to impact the use of exhaust systems in the automotive manufacturing industry. Factors such as regulatory obligations, increasing consumer awareness, and emergence of automotive companies that utilize advanced and eco-friendly technologies drive the growth of the global market for automotive exhaust systems. The key components of an automotive exhaust system include the engine, automotive exhaust manifold, automotive exhaust valve, automotive exhaust pipe, silencer, muffler, and the vehicle tailpipe. Automotive exhaust systems are majorly used for releasing the automotive exhaust gases from an internal combustion engine.
The market is expected to expand with a CAGR of 7% over the forecast period.
Global Automotive Exhaust System Market: Segmentation
The passenger car segment is expected to dominate the automotive exhaust system market. The increase in the sales of passenger cars leads to an increase in demand for automotive exhaust system units. OEMs are focusing on venturing the passenger car market in developing countries such as China and India, as they have less penetration of automobiles than developed economies. Exhaust system manufacturers are also focusing on increasing their production for meeting the rising need of these systems.
Based on component type, the market has been segmented as Manifold, Downpipe, Catalyst Converter, Muffler, Tailpipe, and Others. The manifold is fixed at the cylinder head; takes gases right after the burning process into the exhaust system. The catalytic convertor breaks down the harmful exhaust gases into less harmful gases for the environment and the muffler suppresses the high noise created by the engine releasing the exhaust gases.
The major player operating in the market of global automotive exhaust system market are Faurecia SA (France), Tenneco Inc. (U.S.), Eberspächer GmbH & Co. Kg. (Germany), and Futaba Industrial Co. Ltd. (Japan). Sango Co. Ltd. (Japan), Benteler International AG. (Germany), Friedrich Boysen GmbH & Co. Kg. (Germany), Yutaka Giken Co. Ltd. (Japan), Sejong Industrial Co., Ltd. (South Korea), and Bosal International NV (Belgium) are among others.