Market Overview:
The global truck exhaust system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial vehicles, especially in emerging economies such as China and India. Additionally, the stringent emission norms across different countries are also propelling the demand for truck exhaust systems. The global truck exhaust system market is segmented on the basis of type, application and region. On the basis of type, it is divided into single exhaust system and dual exhaust system. Single exhaust systems are more popular than dual exhaust systems as they are cheaper and lighter in weight. Dual exhaust systems offer better performance than single ones but are costlier and heavier in weight. On the basis of application, it is classified into light trucks and heavy trucks segments respectively. Light trucks include pickup trucks, SUVs etc., while heavy trucks comprise semi-trailers & trailers, dumpers etcetera.
Product Definition:
The truck exhaust system is a series of tubes and chambers that carry the exhaust gases from the engine to the outside of the vehicle. The system includes an exhaust manifold, a catalytic converter, and a muffler. The purpose of the truck exhaust system is to reduce emissions and noise from the engine.
Single Exhaust System:
Single exhaust system (SES) is a type of emission control technology used in automotive vehicles. It was initially developed for use in racing cars and has since been adopted as standard equipment on many commercial motor vehicles. SES involves the removal of multiple exhaust pipes from the vehicle’s engine, which reduces the overall weight and increases fuel efficiency by reducing combustion chamber pressure.
The global truck exhaust system market size was valued at USD 29,852 million in 2016.
Dual Exhaust System:
The dual exhaust system is a series of pipes that carry exhaust gases out of an engine. The basic function of the dual exhaust system is to provide two outlets for the exhausts, one for each cylinder. In older vehicles, before emission control regulations were strict, this was a common way to increase performance by routing the excess air and noise out through two pipes instead of just one.
Application Insights:
Based on application, the market has been segmented into light truck and heavy truck. The light trucks include passenger cars and commercial vehicles with a capacity of 3.5 to 6.0 tons such as mini buses, pick-up trucks and compact cars etc., while the heavy trucks include mid-sized commercial vehicles with a capacity of more than 6 tons such as dumpers, cement mixers etc. Light trucks accounted for over 60% of the global revenue share in 2017 owing to increasing demand from end-use industries including automotive manufacturing, construction industry etc. Additionally, stringent regulations regarding pollution levels in various regions are expected to increase exhaust systems installation in light trucks over the forecast period thereby driving growth further.
The heavy vehicle segment is anticipated to witness significant growth during the forecast period due largely to rising demand from developing countries such as India & China who are investing heavily in infrastructure development activities at an exponential rate coupled with stringent government rules regarding vehicular emissions across various regions globally including North America.
Regional Analysis:
The North American market held the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The U.S., being a developed economy, has an advanced consumer base that prefers luxury vehicles with enhanced safety features such as power steering, airbags, anti-lock braking systems (ABS), and start-stop technology. These safety feature enhancements require exhaust system upgrades which are anticipated to drive the regional demand for truck exhaust systems over the forecast period.
Asia Pacific is estimated to be one of the fastest growing markets from 2018 to 2030 owing to rising disposable income among consumers coupled with increasing sales of commercial vehicles in countries such as China.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This will lead to an increase in demand for truck exhaust systems, as they are an essential part of the vehicle.
- Stringent emissions regulations: Governments across the world are tightening emissions regulations for commercial vehicles, in order to reduce pollution levels. This will create opportunities for truck exhaust system manufacturers as they race to meet these new standards.
- Technological advancements: Truck exhaust systems are becoming increasingly complex, with more and more features being added every year. This is creating opportunities for innovation and growth within the market segmented players strive to stay ahead of the curve by offering cutting-edge technologies and products . 4) Rising disposable income: As incomes rise around the world, consumers will have more money available to spend on luxury items such as truck exhaust systems . 5) Growing e-commerce sector: The e-commerce sector is growing rapidly around the world, with sales projected to reach trillion by 2020 . This growth will create new opportunities for companies that manufacture or supply components used in truck exhaust systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck Exhaust System Market Research Report
By Type
Single Exhaust System, Dual Exhaust System
By Application
Light Truck, Heavy Truck
By Companies
Faurecia, Tenneco, Eberspacher, Boysen, Sango, HITER, Yutaka Giken, CalsonicKansei, Magneti Marelli, Benteler, Sejong Industrial, Katcon, Futaba, Wanxiang, Bosal, Harbin Airui, Dinex, Catar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Truck Exhaust System Market Report Segments:
The global Truck Exhaust System market is segmented on the basis of:
Types
Single Exhaust System, Dual Exhaust System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Truck, Heavy Truck
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Faurecia
- Tenneco
- Eberspacher
- Boysen
- Sango
- HITER
- Yutaka Giken
- CalsonicKansei
- Magneti Marelli
- Benteler
- Sejong Industrial
- Katcon
- Futaba
- Wanxiang
- Bosal
- Harbin Airui
- Dinex
- Catar
Highlights of The Truck Exhaust System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Exhaust System
- Dual Exhaust System
- By Application:
- Light Truck
- Heavy Truck
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Truck Exhaust System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A truck exhaust system is a series of pipes and tubes that carry exhaust from the engine to the outside. The system helps reduce pollution and noise levels in the truck.
Some of the major players in the truck exhaust system market are Faurecia, Tenneco, Eberspacher, Boysen, Sango, HITER, Yutaka Giken, CalsonicKansei, Magneti Marelli, Benteler, Sejong Industrial, Katcon, Futaba, Wanxiang, Bosal, Harbin Airui, Dinex, Catar.
The truck exhaust system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck Exhaust System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Truck Exhaust System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck Exhaust System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Truck Exhaust System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Truck Exhaust System Market Size & Forecast, 2018-2028
4.5.1 Truck Exhaust System Market Size and Y-o-Y Growth
4.5.2 Truck Exhaust System Market Absolute $ Opportunity
Chapter 5 Global Truck Exhaust System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Truck Exhaust System Market Size Forecast by Type
5.2.1 Single Exhaust System
5.2.2 Dual Exhaust System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Truck Exhaust System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Truck Exhaust System Market Size Forecast by Applications
6.2.1 Light Truck
6.2.2 Heavy Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Truck Exhaust System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Truck Exhaust System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Truck Exhaust System Analysis and Forecast
9.1 Introduction
9.2 North America Truck Exhaust System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Truck Exhaust System Market Size Forecast by Type
9.6.1 Single Exhaust System
9.6.2 Dual Exhaust System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Truck Exhaust System Market Size Forecast by Applications
9.10.1 Light Truck
9.10.2 Heavy Truck
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Truck Exhaust System Analysis and Forecast
10.1 Introduction
10.2 Europe Truck Exhaust System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Truck Exhaust System Market Size Forecast by Type
10.6.1 Single Exhaust System
10.6.2 Dual Exhaust System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Truck Exhaust System Market Size Forecast by Applications
10.10.1 Light Truck
10.10.2 Heavy Truck
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Truck Exhaust System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Truck Exhaust System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Truck Exhaust System Market Size Forecast by Type
11.6.1 Single Exhaust System
11.6.2 Dual Exhaust System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Truck Exhaust System Market Size Forecast by Applications
11.10.1 Light Truck
11.10.2 Heavy Truck
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Truck Exhaust System Analysis and Forecast
12.1 Introduction
12.2 Latin America Truck Exhaust System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Truck Exhaust System Market Size Forecast by Type
12.6.1 Single Exhaust System
12.6.2 Dual Exhaust System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Truck Exhaust System Market Size Forecast by Applications
12.10.1 Light Truck
12.10.2 Heavy Truck
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Truck Exhaust System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Truck Exhaust System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Truck Exhaust System Market Size Forecast by Type
13.6.1 Single Exhaust System
13.6.2 Dual Exhaust System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Truck Exhaust System Market Size Forecast by Applications
13.10.1 Light Truck
13.10.2 Heavy Truck
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Truck Exhaust System Market: Competitive Dashboard
14.2 Global Truck Exhaust System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Faurecia
14.3.2 Tenneco
14.3.3 Eberspacher
14.3.4 Boysen
14.3.5 Sango
14.3.6 HITER
14.3.7 Yutaka Giken
14.3.8 CalsonicKansei
14.3.9 Magneti Marelli
14.3.10 Benteler
14.3.11 Sejong Industrial
14.3.12 Katcon
14.3.13 Futaba
14.3.14 Wanxiang
14.3.15 Bosal
14.3.16 Harbin Airui
14.3.17 Dinex
14.3.18 Catar
