The global automotive exhaust systems market was valued at approximately USD 46.53 billion in 2022 and is projected to reach USD 82.06 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. The demand for automotive exhaust systems is directly linked to production and sales volumes.

 

An increase in the sales of passenger cars and commercial vehicles across both developed and emerging economies is driving global demand for automotive exhaust systems. Additionally, stringent government regulations concerning carbon emissions are expected to propel market growth over the forecast period, as gasoline and diesel engines release toxic gases and particles harmful to the environment.

 

Governments worldwide are enforcing stricter vehicular emission standards to mitigate the environmental impacts of the automotive industry. These regulations compel component suppliers to develop high-efficiency and eco-friendly automotive exhaust systems for both domestic and international markets.

 

Furthermore, rising disposable incomes across various segments of society have fueled the growth of the automotive sector in developed European nations such as Italy, the Netherlands, and France. The demand for passenger and commercial vehicles is also anticipated to increase in regions like the Asia Pacific, the Middle East and Africa, and Latin America, further enhancing the growth prospects for the automotive exhaust systems industry.

 

Key Market Trends & Insights

  • The Asia Pacific region held the largest revenue share in 2022 and is expected to register the fastest CAGR over the forecast period. This growth is attributed to increasing technological awareness and the spending capacity of consumers in the region. The evolving automotive landscape in emerging economies like China and India is also expected to drive market expansion.
  • By component, the exhaust manifold segment accounted for the largest revenue share of 38.8% in 2022. The growing demand for vehicles, particularly in emerging markets, has expanded the market. As more individuals purchase cars, the need for exhaust systems that provide superior performance, durability, and noise reduction becomes crucial.
  • By fuel type, the gasoline segment represented the largest revenue share of 83.9% in 2022 and is projected to register the fastest CAGR during the forecast period. In emerging economies, approximately 9 out of 10 vehicles utilize internal combustion engines.
  • By vehicle type, the passenger car segment held the largest revenue share of 71.1% in 2022. According to the European Automobile Manufacturers' Association (ACEA), Europe recorded 569 vehicles per 1,000 inhabitants in 2019. Additionally, emerging economies like China and India are expected to further accelerate market growth over the forecast period.

                           

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Market Size & Forecast

  • 2022 Market Size: USD 46.53 Billion
  • 2030 Projected Market Size: USD 82.06 Billion
  • CAGR (2023-2030): 7.7%
  • Asia Pacific: Largest Market in 2022

 

Key Companies & Market Share Insights

Industry players are employing strategies such as product launches, acquisitions, and collaborations to expand their global reach. For example, in February 2020, Tenneco Inc.'s Walker Emissions Control introduced a new replacement catalytic converter named Walker CalCat and a muffler called Walker Ultra in North America. Additionally, market players are focusing on expansion to enhance their presence in untapped markets. In March 2021, Eberspacher announced the opening of a new exhaust technology plant in Ramos Arizpe, near Saltillo, Mexico, as part of the company's strategy to expand its footprint in North America.

Key Players

  • BENTELER International Aktiengesellschaft
  • BOSAL
  • Continental AG
  • Eberspächer
  • FORVIA Faurecia
  • FUTABA INDUSTRIAL CO., LTD
  • Boysen
  • Sejong Industrial Co., Ltd
  • Tenneco Inc.
  • Yutaka Giken Company Limited

 

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Conclusion

The utomotive exhaust systems market is poised for significant growth, driven by rising vehicle sales, stringent emissions regulations, and increasing consumer demand for environmentally friendly solutions. As governments impose stricter standards and the automotive industry continues to evolve, manufacturers must adapt by developing innovative exhaust systems that meet regulatory requirements while enhancing performance. The ongoing expansion in emerging markets, particularly in the Asia Pacific region, will further bolster the market, making it essential for companies to invest in technology and strategic partnerships to maintain a competitive edge.