Market Overview:
The global vehicle exhaust systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for vehicles across the globe and stringent emission norms by regulatory authorities. The global vehicle exhaust systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single exhaust systems and dual exhaust systems. Dual exhaust system dominates the global vehicle exhaust system market as it offers better performance than single exhaust system. On the basis of application, diesel vehicles account for majority share in terms of revenue in 2017 and are expected to maintain its dominance during forecast period as well owing to stringent emission norms by regulatory authorities across different geographies such as Europe and North America which are major markets for diesel vehicles. However, with advent of electric vehicles (EVs), petrol-powered cars are likely to gain traction over next decade which would result in decline in demand for diesel-powered cars globally thereby affecting growth prospects for this sub-segment over long term outlook period (2018–2030).
Product Definition:
A vehicle exhaust system is a series of pipes and chambers that remove pollutants from the engine's exhaust gases before they are released into the atmosphere. The most common type of vehicle exhaust system is the muffler, which uses baffles and chambers to quiet the sound of the engine. Other components include the catalytic converter, which converts harmful emissions into less harmful ones, and the oxygen sensor, which monitors air-fuel mixture levels to ensure that they are correct.
Single Exhaust Systems:
Single exhaust systems are also known as single-outlet or single pipe exhaust systems. It is a type of vehicle exhaust system that has only one outlet or pipe, which leads from the engine to the outside world. The main objective of this type of system is to reduce pollution by eliminating unneeded cabin air.
The global Single Exhaust Systems market size was valued at USD 1,867.7 million in 2016.
Dual Exhaust Systems:
Dual exhaust systems are two pipes coming out of the muffler, one for each exhaust pipe. The dual exhaust system is connected to the catalytic converter in some vehicles and it branches off into two separate pipes which lead to the rear of the vehicle. This type of setup is mostly found in sports cars and luxury vehicles where performance is considered to be crucial.
Application Insights:
Diesel vehicle exhaust systems dominated the global vehicle exhaust systems market, accounting for over 45% of the overall revenue in 2017. The segment is expected to continue its dominance over the forecast period. Diesel vehicles are gaining popularity across various regions as they provide better performance than petrol counterparts on account of their superior fuel efficiency and reduced carbon emissions.
The petrol vehicle exhaust systems segment is projected to witness significant growth during the forecast period owing to growing demand from passenger car drivers globally for aural comfort and aesthetic appeal while driving their cars or trucks at high speeds on highways or city roads with low-resistance motorsports mufflers that are designed specifically for such applications.
Petrol vehicles emit more noise when compared with diesel counterparts as they have larger engines.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing sales of diesel vehicles in China and India. Diesel vehicle exhaust systems accounted for more than 80% of the global market share in 2017, which will further boost product demand across APAC over the next eight years.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to stringent emission norms coupled with implementation of ‘clean diesel’ technology across various countries such as Germany, France.
The European Union has implemented strict emission rules that are applicable on all new passenger cars introduced from 2020 onwards known as Real Driving Emission (RDE) regulation that aims at reducing harmful emissions coming out from car exhausts by 30%.
Growth Factors:
- Increasing demand for fuel-efficient and low-emission vehicles
- Stringent emission norms by regulatory authorities across the globe
- Rising demand from developing countries for passenger cars and commercial vehicles
- Technological advancements in vehicle exhaust systems
- Growing awareness about the benefits of vehicle exhaust systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Exhaust Systems Market Research Report
By Type
Single Exhaust Systems, Dual Exhaust Systems
By Application
Diesel Vehicle Exhaust Systems, Petrol Vehicle Exhaust Systems
By Companies
Faurecia, Tenneco, Eberspacher, Boysen, Sango, HITER, Yutaka Giken, Calsonic Kansei, 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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Exhaust Systems Market Report Segments:
The global Vehicle Exhaust Systems market is segmented on the basis of:
Types
Single Exhaust Systems, Dual Exhaust Systems
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
Diesel Vehicle Exhaust Systems, Petrol Vehicle Exhaust Systems
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
- Calsonic Kansei
- Magneti Marelli
- Benteler
- Sejong Industrial
- Katcon
- Futaba
- Wanxiang
- Bosal
- Harbin Airui
- Dinex
- Catar
Highlights of The Vehicle Exhaust Systems 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 Systems
- Dual Exhaust Systems
- By Application:
- Diesel Vehicle Exhaust Systems
- Petrol Vehicle Exhaust Systems
- 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 Vehicle Exhaust Systems 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
Vehicle exhaust systems are a series of devices that help to expel the gases and particles created by the engine. These systems can include an exhaust pipe, muffler, catalytic converter, and emissions control system.
Some of the key players operating in the vehicle exhaust systems market are Faurecia, Tenneco, Eberspacher, Boysen, Sango, HITER, Yutaka Giken, Calsonic Kansei, Magneti Marelli, Benteler, Sejong Industrial, Katcon, Futaba, Wanxiang, Bosal, Harbin Airui, Dinex, Catar.
The vehicle exhaust systems market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Exhaust Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vehicle Exhaust Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Exhaust Systems Market - Supply Chain
4.5. Global Vehicle Exhaust Systems Market Forecast
4.5.1. Vehicle Exhaust Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Exhaust Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Exhaust Systems Market Absolute $ Opportunity
5. Global Vehicle Exhaust Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vehicle Exhaust Systems Market Size and Volume Forecast by Type
5.3.1. Single Exhaust Systems
5.3.2. Dual Exhaust Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Exhaust Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vehicle Exhaust Systems Market Size and Volume Forecast by Application
6.3.1. Diesel Vehicle Exhaust Systems
6.3.2. Petrol Vehicle Exhaust Systems
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Exhaust Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vehicle Exhaust Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vehicle Exhaust Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vehicle Exhaust Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vehicle Exhaust Systems Demand Share Forecast, 2019-2026
9. North America Vehicle Exhaust Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vehicle Exhaust Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vehicle Exhaust Systems Market Size and Volume Forecast by Application
9.4.1. Diesel Vehicle Exhaust Systems
9.4.2. Petrol Vehicle Exhaust Systems
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Exhaust Systems Market Size and Volume Forecast by Type
9.7.1. Single Exhaust Systems
9.7.2. Dual Exhaust Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vehicle Exhaust Systems Demand Share Forecast, 2019-2026
10. Latin America Vehicle Exhaust Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vehicle Exhaust Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vehicle Exhaust Systems Market Size and Volume Forecast by Application
10.4.1. Diesel Vehicle Exhaust Systems
10.4.2. Petrol Vehicle Exhaust Systems
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Exhaust Systems Market Size and Volume Forecast by Type
10.7.1. Single Exhaust Systems
10.7.2. Dual Exhaust Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vehicle Exhaust Systems Demand Share Forecast, 2019-2026
11. Europe Vehicle Exhaust Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vehicle Exhaust Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vehicle Exhaust Systems Market Size and Volume Forecast by Application
11.4.1. Diesel Vehicle Exhaust Systems
11.4.2. Petrol Vehicle Exhaust Systems
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Exhaust Systems Market Size and Volume Forecast by Type
11.7.1. Single Exhaust Systems
11.7.2. Dual Exhaust Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vehicle Exhaust Systems Demand Share, 2019-2026
12. Asia Pacific Vehicle Exhaust Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vehicle Exhaust Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vehicle Exhaust Systems Market Size and Volume Forecast by Application
12.4.1. Diesel Vehicle Exhaust Systems
12.4.2. Petrol Vehicle Exhaust Systems
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Exhaust Systems Market Size and Volume Forecast by Type
12.7.1. Single Exhaust Systems
12.7.2. Dual Exhaust Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vehicle Exhaust Systems Demand Share, 2019-2026
13. Middle East & Africa Vehicle Exhaust Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vehicle Exhaust Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vehicle Exhaust Systems Market Size and Volume Forecast by Application
13.4.1. Diesel Vehicle Exhaust Systems
13.4.2. Petrol Vehicle Exhaust Systems
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Exhaust Systems Market Size and Volume Forecast by Type
13.7.1. Single Exhaust Systems
13.7.2. Dual Exhaust Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vehicle Exhaust Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vehicle Exhaust Systems Market: Market Share Analysis
14.2. Vehicle Exhaust Systems Distributors and Customers
14.3. Vehicle Exhaust Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Faurecia
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tenneco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eberspacher
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Boysen
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sango
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HITER
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yutaka Giken
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Calsonic Kansei
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Magneti Marelli
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Benteler
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sejong Industrial
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Katcon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Futaba
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wanxiang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bosal
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Harbin Airui
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dinex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Catar
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
