Press release
Automotive Suppliers Establish New Plants For Exhaust Technology Trend: A Crucial Influence on the Automotive Exhaust Systems Market's Transformation in 2025
Automotive Exhaust Systems Market
The automotive exhaust systems market is thriving due to a surge in automobile manufacturing. This rise is largely attributed to an increase in disposable income amongst individuals in both emerging as well as developed nations, leading to a growing need for private transportation for daily commuting. This global spike in automobile demand is anticipated to enhance the use of automotive exhaust systems, a crucial element in the fabrication of automotive vehicles. For example, the European Automobile Manufacturers Association, a Belgian motor industry of the European Union, disclosed in May 2023 that around 85.4 million automobiles were manufactured worldwide in 2022, which signifies a 5.7% increment from 2021. Hence, the soaring production of automobiles will most likely fuel the demand for automotive exhaust systems in the predicted period.
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How will the growth rate of the automotive exhaust systems market shape industry trends by 2034?
There has been a significant increase in the size of the automotive exhaust systems market in the past few years. It is projected to augment from $42.3 billion in 2024 to $44.8 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.9%. Factors that led to this growth in the past include stringent emission regulations, customer demand, expansion in vehicle production, the need for fuel efficiency, and control of noise pollution.
The market for automotive exhaust systems is projected to experience robust expansion in the coming years, with its valuation estimated to reach $59.68 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth over the forecast period include the rise of electric and hybrid vehicles, the utilisation of lightweight materials, the advent of autonomous vehicles, the robust aftermarket and retrofit market, the emergence of hydrogen fuel cell vehicles, the focus on recycling and sustainability, and the drive to achieve emissions reduction objectives. Key trends expected during this forecast period are strategies for reducing emissions, the integration of sensors and electronics, advanced methods of manufacturing, partnerships and amalgamations, focus on customization and aesthetics, and the development of advanced coating technologies.
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What trends are poised to drive the future success of the automotive exhaust systems market?
The increasing focus on launching new manufacturing facilities has emerged as a prominent trend in the automotive exhaust systems market. In order to broaden their business scope and penetrate newer markets, these companies are strategically investing in setting up new plants. An example of this strategy can be seen with Eberspaecher, a German firm specializing in the production of exhaust emission control systems. In October 2023, the company initiated a new plant in Thailand on AAPICO's Rayong campus. This new facility, spanning over 3,000 square meters, was constructed in a record time of five months. With nearly 150 employees, the new plant will be responsible for the production of passenger car exhaust systems. These systems are intended for use in a leading US automotive manufacturer's major pickup truck platform.
Which primary segments of the automotive exhaust systems market are driving growth and industry transformations?
The automotive exhaust systems market covered in this report is segmented -
1) By Technology: Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), Selective Catalytic Reduction (SCR), Exhaust Gas Recirculation (EGR), Gasoline Particulate Filter (GPF), Other Technologies
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle, Truck and Bus
Subsegments:
1) By Diesel Oxidation Catalyst (DOC): Platinum-Based DOC, Palladium-Based DOC, Rhodium-Based DOC
2) By Diesel Particulate Filter (DPF): Ceramic DPF, Metallic DPF, Wall-Flow DPF, Flow-Through DPF
3) By Selective Catalytic Reduction (SCR): Urea-Based SCR, Ammonia-Based SCR
4) By Exhaust Gas Recirculation (EGR): Low-Pressure EGR, High-Pressure EGR
5) By Gasoline Particulate Filter (GPF): Wall-Flow GPF, Flow-Through GPF
6) By Other Technologies: Active Exhaust Systems, Integrated Exhaust Systems, Exhaust Manifolds
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Which geographical regions are pioneering growth in the automotive exhaust systems market?
Asia-Pacific was the largest region in the automotive exhaust systems market in 2024. The regions covered in the automotive exhaust systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the automotive exhaust systems market landscape?
Major companies operating in the automotive exhaust systems market include Benteler International AG, Continental AG, Eberspacher Group, Faurecia SE, Friedrich Boysen GmbH & Co. KG, Tenneco Inc., MagnaFlow, Borla Performance Industries, Bosal Industries Limited, Sejong Industrial Co. Ltd., Yutaka Giken Co. Ltd., Sango Co. Ltd., Futaba Industrial Co. Ltd., Kolbenschmidt Pierburg AG, Delphi Technologies, Tata AutoComp Systems Limited, Eminox Ltd., Calsonic Kansei Corporation, AP Exhaust Products Inc., Sankei Giken Kogyo Co. Ltd., Motus Integrated Technologies, Meritor Inc., Sharda Motor Industries Ltd., Johnson Matthey plc, Arvin Sango Inc., CECO Environmental Corporation, Flowmaster Inc., Dynomax Inc., Crown, Katcon SA de CV
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What Is Covered In The Automotive Exhaust Systems Global Market Report?
•Market Size Forecast: Examine the automotive exhaust systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive exhaust systems market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive exhaust systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive exhaust systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive exhaust systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive exhaust systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive exhaust systems market.
•Competitive Landscape: Review strategic developments in the automotive exhaust systems market, including expansions, agreements, and new product launches.
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