Press release
Global Automotive Exhaust Systems Market Expansion at 6.9% CAGR, Valued at $57.66 Billion by 2029
Automotive Exhaust Systems Market Size
What Are the Automotive Exhaust Systems Market Size Forecast for 2025?
The growth in the automotive exhaust systems market has been constant over recent years. The market is projected to expand from a worth of $42.3 billion in 2024 to about $44.21 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The past growth surge has been driven by factors such as stringent emission regulations, customer demands, an increase in vehicle production, the necessity for fuel efficiency, and noise pollution management.
What Is the Market Size Outlook for Automotive Exhaust Systems Until 2029?
Projected to witness considerable expansion in the coming years, the automotive exhaust systems market size is set to surge to $57.66 billion by 2029, increasing at a compound annual growth rate (CAGR) of 6.9%. The accelerated progress expected within the forecast period can be credited to factors like the emergence of electric and hybrid vehicles, adoption of lightweight materials, the advent of autonomous vehicles, the aftermarket and retrofit market boom, hydrogen fuel cell vehicles, recycling and sustainability initiatives, and emission reduction goals. Key trending themes throughout the forecast period are likely to be emission reduction technologies, the incorporation of sensors and electronics, advanced production methods, business collaborations and mergers, customization and aesthetic enhancements, and innovative coating technologies.
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What Are the Major Factors Driving Demand in the Automotive Exhaust Systems Market?
The acceleration in automobile manufacturing is propelling the growth of the automotive exhaust systems market. The swift increase in disposable income among individuals in both developed and emerging nations, along with the increasing need for personal transport for commuting to work, has led to a surge in demand for automobiles worldwide. This heightened demand for automobiles is projected to escalate the use of automotive exhaust systems, as they are an integral part of automobile production. For example, data from the European Automobile Manufacturers Association, a Belgium-based automotive industry in the European Union, indicated that in 2022, about 85.4 million motor vehicles were manufactured globally, marking a growth of 5.7% from 2021. Hence, the rise in automobile manufacture is anticipated to enhance the demand for automotive exhaust systems during the forecast period.
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How Are End-Use Segments Shaping the Automotive Exhaust Systems Market Outlook?
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
What Are the Strategic Trends Transforming the Automotive Exhaust Systems Market Landscape?
A noticeable trend in the automotive exhaust systems market is the creation of new manufacturing facilities. Companies involved in automotive exhaust systems are concentrating their efforts on constructing new production plants in order to grow their business and enter new up-and-coming markets. For example, Eberspaecher, a company based in Germany that manufactures exhaust emission control systems, set up a new factory in Thailand in October 2023. This new factory, spanning 3,000 square meters, was constructed in just five months at AAPICO's Rayong campus. The facility will employ around 150 people to manufacture exhaust systems for passenger cars, which will be used in the prominent pick-up truck platform of a top US automotive manufacturer.
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Who Are the Prominent Companies in the Automotive Exhaust Systems Market by ?
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
Which Region Is Expected to See the Highest CAGR 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
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