HOME Top Market Reports Automotive Exhaust Systems Market by After-Treatment Device (DPF, DOC, LNT, & SCR), Components (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler & Tailpipe), Fuel Type (Gasoline & Diesel) and by Region - Trends & Forecast to 2020

Automotive Exhaust Systems Market by After-Treatment Device (DPF, DOC, LNT, & SCR), Components (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler & Tailpipe), Fuel Type (Gasoline & Diesel) and by Region - Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: AT 3505

 

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The overall automotive exhaust systems market, in terms of value, is projected to grow at a CAGR of 7.07% reaching a size of $28.6 Billion for the period 2015 to 2020. Factors driving growth in the automotive exhaust system market include increasing global vehicle production and stringent emission norms. Most automotive OEMs are expanding their businesses in emerging economies such as China and India to improve their sales as well as market share, which is expected to drive growth of exhaust system market in these regions, as every vehicle needs to be fitted with an exhaust system. Emission regulations are getting stricter globally and this has led to improved demand for advanced after treatment products.

Automotive exhaust systems perform the function of diverting exhaust gases from the engine cylinder into the atmosphere though the tail-pipe of the vehicle. These gases are created due to fuel ignition inside the combustion chamber. An exhaust system mainly comprises five components: exhaust manifold, engine down pipe, catalytic converter, muffler, and tail pipe. Some modern vehicles also use resonator along with a muffler for noise reduction. The automotive exhaust system market has recorded significant growth during the past few years. This growth is estimated to continue in the foreseeable future, following emission reduction regulations.

After-treatment devices are mainly used by the diesel engine vehicles. Diesel-powered vehicles generate more harmful exhausts gases due to its impurities as compared to gasoline, which is more pure than diesel. The different diesel after-treatment devices considered in the study include Diesel Particulate Filter (DPF), Diesel Oxidation Catalyst (DOC), Lean NOx Trap (LNT), and Selective Catalytic Reduction (SCR).

Diesel Particulate Filter (DPF) traps particulate matter present in the exhaust gas and collects the resultant soot. A Diesel Oxidation Catalyst (DOC) breaks down the carbon monoxide and hydrocarbons into carbon dioxide and water. The Lean NOx Trap (LNT) reduces the NO and NO2­ emissions generated during the lean burning of fuel and Selective Catalytic Reduction (SCR), uses ceramic brick and precious metals such as platinum, palladium, and rhodium, acting as catalysts, breaks down the harmful exhaust gases.

The latest development in the field of after-treatment devices is the launch of Gasoline Particulate Filter (GPF), which works on the same principle as DPF, and is useful to reduce the particulate matter generated during the rich burning of gasoline fuel in Gasoline Direct Injection (GDI) engines.

This report projects the growth trends for the global automotive exhaust system market from 2015 to 2020, through a detailed qualitative and quantitative analysis of the global market. The research methodology used in the report involves various secondary sources including encyclopedias, directories, and databases to identify and collect information useful for an extensive, commercial market study. The primary sources–experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess the future prospects of the automotive exhaust system market.

The report also provides a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive exhaust system market. The key players in the market for automotive exhaust system have also been identified and profiled. Some of which are, Tenneco Inc. (U.S.), Faurecia S.A. (France), Eberspδcher GMBH & Co. KG (Germany), Futaba Industrial Co. Ltd (Japan), & Sango Co. Ltd. (Japan). Apart from  quantitative analysis, the report also covers qualitative aspects such as supply chain analysis, PEST analysis, and Porter’s Five Forces analysis for the global automotive exhaust system market.

Table of Contents

1 Introduction
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    1.6 Limitiation

2 Research Methodology
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
    2.3 Data From Secondary Sources
    2.4 Primary Data
           2.4.1 Sampling Techniques & Data Collection Methods
           2.4.2 Primary Participants
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand Side Analysis
           2.5.3 Supply Side Analysis
           2.5.4 Influence of Other Factors
    2.6 Market Size Estimation
    2.7 Data Triangualation
    2.8 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Fuel Type
           5.2.1 By Components
           5.2.2 By Diesel After-Treatment Devices
           5.2.3 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.3.4 Challenges
    5.4 Winning Imperatives
           5.4.1 Preparation for Future Emission Norms
    5.5 Burning Issues
           5.5.1 Diesel Particulate Filter – Boon Or Bane
    5.6 Supply Chain Analysis
    5.7 Porter’s Five Forces Analysis
           5.7.1 Bargaining Power of Suppliers
           5.7.2 Threat of Substitutes
           5.7.3 Threat of New Entrants
           5.7.4 Bargaining Power of Buyers
           5.7.5 Degree of Competition
    5.8 Automotive Exhuast After-Treatment Devices Product Life Cycle

6 Technical Overview
    6.1 Introduction
    6.2 Major Components & Their Functions in an Automotive Exhaust System
           6.2.1 Exhuast Manufold
           6.2.2 Catalytic Converter
                    6.2.2.1 Substrate
                    6.2.2.2 Wash-Coat
                    6.2.2.3 Catalyst
           6.2.3 Muffler
           6.2.4 Tail-Pipe
           6.2.5 Resonator
           6.2.6 Active Noise Cancellation (ANC)
    6.3 Advanced After-Treatment Technologies
           6.3.1 Diesel Particulate Filter
           6.3.2 Selective Catalytic Reduction
           6.3.3 Gasoline Particulate Filter

7 Global Emission Regulations
    7.1 Introduction
    7.2 North America
    7.3 Europe
    7.4 Asia-Oceania
    7.5 RoW

8 Global Automotive Exhaust Systems Market, By Fuel Type
    8.1 Introduction
    8.2 Gasoline
    8.3 Diesel

9 Global Automotive Exhaust Systems Market, By Components
    9.1 Introduction
    9.2 Engine Manifold
    9.3 Engine Down-Pipe
    9.4 Catalytic Converter
    9.5 Muffler
    9.6 Tail-Pipe

10 Global Automotive Exhaust Systems Market, By Diesel After-Treatment Devices
     10.1 Introduction
     10.2 Diesel Particulate Filter (DPF)
             10.2.1 PM Sensors
     10.3 Diesel Oxidation Catalyst (DOC)
     10.4 Lean Nox Trap (LNT)
     10.5 Selective Catalytic Reduction (SCR)

11 Global Automotive Exhaust Systems Market, By Region & Vehicle Type
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
             11.2.4 Pest Analysis
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Pest Analysis
     11.4 Asia-Oceania
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 South Korea
             11.4.5 Pest Analysis
     11.5 RoW
             11.5.1 Brazil
             11.5.2 Russia
             11.5.3 Pest Analysis

12 Competitive Landscape
     12.1 Overview
     12.2 Who Supplies Whom
             12.2.1 Americas
             12.2.2 Europe
             12.2.3 Asia-Oceania
     12.3 Competitive Situation & Trends
     12.4 Battle for Market Share: Expansions/Investments Was the Key Strategy
     12.5 Expansions/Investments
     12.6 New Product Launch/New Product Development/New Technology
     12.7 Mergers & Acquisitions/Joint Ventures/Collaborations/Agreements
     12.8 Supply Contracts & Agreements

13 Company Profiles
     13.1 Introduction
     13.2 Faurecia S.A.
             13.2.1 Business Overview
             13.2.2 Product Portfolio
             13.2.3 Key Strategy
             13.2.4 Recent Developments, 2011–2014
             13.2.5 SWOT Analysis
             13.2.6 MnM View
     13.3 Tenneco Inc.
             13.3.1 Business Overview
             13.3.2 Product Portfolio
             13.3.3 Key Strategy
             13.3.4 Recent Developments, 2011–2014
             13.3.5 SWOT Analysis
             13.3.6 MnM View
     13.4 Eberspacher GmbH & Co. KG
             13.4.1 Business Overview
             13.4.2 Product Portfolio
             13.4.3 Key Strategy
             13.4.4 Recent Developments, 2011–2014
             13.4.5 SWOT Analysis
             13.4.6 MnM View
     13.5 Futaba Industrial Co., Ltd.
             13.5.1 Business Overview
             13.5.2 Product Portfolio
             13.5.3 Key Strategy
             13.5.4 Recent Developments, 2011–2014
             13.5.5 SWOT Analysis
             13.5.6 MnM View
     13.6 Sango Co., Ltd.
             13.6.1 Business Overview
             13.6.2 Product Portfolio
             13.6.3 Key Strategy
             13.6.4 Recent Developments, 2011–2014
             13.6.5 SWOT Analysis
             13.6.6 MnM View
     13.7 Benteler International AG
             13.7.1 Business Overview
             13.7.2 Product Portfolio
             13.7.3 Key Strategy
             13.7.4 Recent Developments, 2011–2014
     13.8 Friedrich Boysen GmbH & Co. KG
             13.8.1 Business Overview
             13.8.2 Product Portfolio
             13.8.3 Key Strategy
             13.8.4 Recent Developments, 2011–2014
     13.9 Yutaka Giken Co., Ltd.
             13.9.1 Business Overview
             13.9.2 Product Portfolio
             13.9.3 Key Strategy
             13.9.4 Recent Developments, 2011–2014
     13.10 Sejong Industrial Co., Ltd.
             13.10.1 Business Overview
             13.10.2 Product Portfolio
             13.10.3 Key Strategy
             13.10.4 Recent Developments, 2011–2014
     13.11 Bosal International NV
             13.11.1 Business Overview
             13.11.2 Product Portfolio
             13.11.3 Key Strategy
             13.11.4 Recent Developments, 2011–2014

14 Appendix
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing Rt: Real Time Market Intelligence
     14.4 Available Customizations
             14.4.1 Global Automotive Exhaust System Aftermarket, By Diesel After-Treatment Devices
                        14.4.1.1 DOC
                        14.4.1.2 DPF
             14.4.2 Global Off-Highway Diesel After-Treatment Devices Market
                        14.4.2.1 Construction
                        14.4.2.1 Agriculture
     14.5 Related Reports


List of Tables (87 Tables)

Table 1 Micro & Macro Factor Analysis
Table 2 Overview of Emission & Fuel Economy Regulation Specifications for Passenger Cars
Table 3 Impact of Drivers on the Automotive Exhuast Systems Market
Table 4 Impact of Restraints on the Automotive Exhaust Systems Market
Table 5 Impact of Opportunities on the Automotive Exhaust Systems Market
Table 6 Impact of Challenge on the Automotive Exhuast Systems Market
Table 7 Fuel Emission Standards, By Country, 2012–2019
Table 8 EPA Norms
Table 9 Euro Norms
Table 10 Global: Exhaust System Market, By Fuel Type, 2013–2020, ('000 Units)
Table 11 Global: Exhaust System Market, By Fuel Type, 2013–2020, ($Million)
Table 12 Gasoline Exhaust System Market, By Region, 2013–2020, ('000 Units)
Table 13 Gasoline Exhaust System Market, By Region, 2013–2020, ($Million)
Table 14 Diesel Exhaust System Market, By Region, 2013–2020, ('000 Units)
Table 15 Diesel Exhaust System Market, By Region, 2013–2020, ($Million)
Table 16 Global: Exhaust System Market, By Component, 2013–2020, ('000 Units)
Table 17 Global: Exhaust System Market, By Component, 2013–2020, ($Million)
Table 18 Engine Manifold Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 19 Engine Manifold Market, By Vehicle Type, 2013–2020, ($Million)
Table 20 Engine Down-Pipe Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 21 Engine Down-Pipe Market, By Vehicle Type, 2013–2020, ($Million)
Table 22 Catalytic Converter Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 23 Catalytic Converter Market, By Vehicle Type, 2013–2020, ($Million)
Table 24 Muffler Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 25 Muffler Market, By Vehicle Type, 2013–2020, ($Million)
Table 26 Tail-Pipe Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 27 Tail-Pipe Market, By Vehicle Type, 2013–2020, ($Million)
Table 28 Global: Diesel After-Treatment Devices Market, By Region & Vehicle Type, 2013–2020, (‘000 Units)
Table 29 Global: Diesel After-Treatment Devices Market, By Region & Vehicle Type, 2013–2020, ($Million)
Table 30 PM Sensors Market, By Region, 2013–2020, (‘000 Units)
Table 31 PM Sensors Market, By Region, 2013–2020, ($Million)
Table 32 DPF Market, By Region & Vehicle Type, 2013–2020, (‘000 Units)
Table 33 DPF Market, By Region & Vehicle Type, 2013–2020, ($Million)
Table 34 DOC Market, By Region & Vehicle Type, 2013–2020, (‘000 Units)
Table 35 DOC Market, By Region & Vehicle Type, 2013–2020, ($Million)
Table 36 LNT Market, By Region & Vehicle Type, 2013–2020, (‘000 Units)
Table 37 LNT Market, By Region & Vehicle Type, 2013–2020, ($Million)
Table 38 SCR Market, By Region & Vehicle Type, 2013–2020, (‘000 Units)
Table 39 SCR Market, By Region & Vehicle Type, 2013–2020, ($Million)
Table 40 Global: Exhaust System Market, By Region, 2013–2020, ('000 Units)
Table 41 Global: Exhaust System Market, By Region, 2013–2020, ($Million)
Table 42 Global: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 43 Global Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 44 North America: Exhaust System Market, By Country, 2013–2020, ('000 Units)
Table 45 North America: Exhaust System Market, By Country, 2013–2020, ($Million)
Table 46 North America: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 47 North America: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 48 U.S.: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 49 U.S.: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 50 Canada: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 51 Canada: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 52 Mexico: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 53 Mexico: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 54 Europe: Exhaust System Market, By Country, 2013–2020, ('000 Units)
Table 55 Europe: Exhaust System Market, By Country, 2013–2020, ($Million)
Table 56 Europe: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 57 Europe: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 58 Germany: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 59 Germany: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 60 U.K.: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 61 U.K.: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 62 France: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 63 France: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 64 Asia-Oceania: Exhaust System Market, By Country, 2013–2020, ('000 Units)
Table 65 Asia-Oceania: Exhaust System Market, By Country, 2013–2020, ($Million)
Table 66 Asia-Oceania: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 67 Asia-Oceania: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 68 China: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 69 China: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 70 Japan: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 71 Japan: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 72 India: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 73 India: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 74 South Korea: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 75 South Korea: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 76 RoW: Exhaust System Market, By Country, 2013–2020, ('000 Units)
Table 77 RoW: Exhaust System Market, By Country, 2013–2020, ($Million)
Table 78 RoW: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 79 RoW: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 80 Brazil: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 81 Brazil: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 82 Russia: Exhaust System Market, By Vehicle Type, 2013–2020, ('000 Units)
Table 83 Russia: Exhaust System Market, By Vehicle Type, 2013–2020, ($Million)
Table 84 Expansions/Investments, 2014–2015
Table 85 New Product Launch/New Product Development/New Technology, 2014–2015
Table 86 Mergers & Acquisitions/Joint Ventures/Collaborations/Agreements, 2013–2015
Table 87 Supply Contracts & Agreements, 2014–2015
 
 
List of Figures (65 Figures)
 
Figure 1 Research Design
Figure 2 Research Methodology Model
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation,  & Region
Figure 4 Gross Domestic Product (GDP) vs. Commercial Vehicle Production (CVP)
Figure 5 Urbanization vs. Passenger Cars Per 1,000 People
Figure 6 Impact of Growing Road Network on Passenger Car Sales
Figure 7 Significant Growth in Vehicle Production Across the Globe
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Automotive Exhaust Systems Market Snapshot , By Region (2015 vs. 2020 in $Million): Market for Asia-Oceania is Projected to Grow the Most During the Forecast Period
Figure 10 Automotive Exhaust Systems Market Share (Volume), By Region,  2015
Figure 11 Asia-Oceania is the Fastest Growing Region, ($Million)
Figure 12 Diesel Oxidation Catalyst is Projected to Grow at the Highest CAGR of XX%  ($Million) During the Next Five Years
Figure 13 Automotive Exhaust Systems Market Size, By Region, Vehicle Type, & Fuel Type Snapshot (2014)
Figure 14 Automotive Exhaust Systems Market, By Vehicle Type
Figure 15 Favorable Opportunities in the Emerging Economies of XXX
Figure 16 Automotive Exhaust Systems Market: Rapidly Growing Regions
Figure 17 Automotive Exhaust Systems Market, By Region
Figure 18 Automotive Exhaust Systems Market, By Key Country
Figure 19 Automotive Exhaust Systems Market, By Diesel After-Treatment Devices
Figure 20 Market Segmentation, By Fuel Type
Figure 21 Market Segmentation, By Components
Figure 22 Market Segmentation, By Diesel After-Treatment Devices
Figure 23 Market Segmentation, By Region
Figure 24 Automotive Exhaust Systems Market Dynamics
Figure 25 Emission Norms Comparative Analysis: U.S. Tier II vs. Euro 5 vs. Euro 6 (Nox vs. PM)
Figure 26 Global Vehicle Production & Vehicle PARC (2013–2020)
Figure 27 Electric Vehicle (EV) Sales, By Region, 2012–2014 (‘000 Units)
Figure 28 DPF Systems: Pros & Cons
Figure 29 Automotive Exhaust Systems: Supply Chain Analysis
Figure 30 Automotive Exhaust Systems Market: Porter’s Five Forces Analysis
Figure 31 Integration of Gasoline Particulate Filter (GPF) Estimated to Grow After Commercialization
Figure 32 Working of an Automotive Exhaust System
Figure 33 Working of an ANC Muffler
Figure 34 Working of an Automotive Diesel Particulate Matter Treatment System (DOC + DPF)
Figure 35 Working of an Automotive SCR System
Figure 36 Engine Manifold Market, By Vehicle Type, 2013–2020, ($Million)
Figure 37 Engine Down-Pipe Market, By Vehicle Type, 2013–2020, ($Million)
Figure 38 Catalytic Converter Market, By Vehicle Type, 2013–2020, ($Million)
Figure 39 Muffler Market, By Vehicle Type, 2013–2020, ($Million)
Figure 40 Tail-Pipe Market, By Vehicle Type, 2013–2020, ($Million)
Figure 41 DPF Market, By Region & Vehicle Type, 2013–2020, ($Million)
Figure 42 DOC Market, By Region & Vehicle Type, 2013–2020, ($Million)
Figure 43 LNT Market, By Region & Vehicle Type, 2013–2020, ($Million)
Figure 44 SCR Market, By Region & Vehicle Type, 2013–2020, ($Million)
Figure 45 North America: U.S. Estimated to Hold the Largest Market Share
Figure 46 Asia-Oceania: Fastest Growing Region During the Forecast Period
Figure 47 Companies Adopted Expansion as the Key Growth Strategy for the Past Five Years (2010–2014)
Figure 48 Eberspacher GmbH & Co KG Grew at the Highest Rate From 2010 to 2014
Figure 49 Market Evolution Framework - Expansions & New Product Developments Have Fuelled Growth & Innovation (2011–2015)
Figure 50 Region-Wise Revenue Mix of Top 5 Players
Figure 51 Competitive Benchmarking of Key Players (2010–2014): Faurecia SA  Proved to Be A Frontrunner With Its Leading Emission Control Technologies
Figure 52 Faurecia SA: Company Snapshot
Figure 53 Faurecia SA : SWOT Analysis
Figure 54 Tenneco Inc.: Company Snapshot
Figure 55 Tenneco Inc.: SWOT Analysis
Figure 56 Eberspacher GmbH & Co. KG.: Company Snapshot
Figure 57 Eberspacher GmbH & Co. KG. : SWOT Analysis
Figure 58 Futaba Industrial Co., Ltd.: Company Snapshot
Figure 59 Futaba Industrial Co., Ltd. : SWOT Analysis
Figure 60 Sango Co., Ltd: Company Snapshot
Figure 61 Sango Co., Ltd.: SWOT Analysis
Figure 62 Benteler International AG.: Company Snapshot
Figure 63 Friedrich Boysen GmbH & Co. KG: Company Snapshot
Figure 64 Yutaka Giken Co. Ltd.: Company Snapshot
Figure 65 Sejong Industrial Co., Ltd: Company Snapshot

The automotive exhaust system market size is projected to grow at a promising CAGR of 7.07% during the forecast period, to reach $28.6 Billion by 2020.

In 2015, the major trends in the automotive industry are towards delivering more fuel efficient vehicles and reduction in exhaust emissions. Hence, vehicle manufacturers are striving to improve emission systems with advanced technologies.

The growth in the automotive exhaust system industry has been on a constant rise, given the changing emission norms across the globe. To meet the rigorous environmental laws, manufacturers of exhaust systems are coming with new and advanced technological advancements.

Economic growth and improved standard of living has led to increased sales of vehicles in Asia-Oceania region. This has attracted both the automobile as well as automotive components manufacturers, who have expanded their businesses in this region. Leading players in exhaust system market have invested significantly to improve their market share and global presence. China had been the leading automobile manufacturer in the world for couple of years. Automotive industry in other emerging economies such as India, Malaysia, Thailand, and Indonesia has flourished over the past five years from 2010 to 2014 showing positive growth. Thus, in Asia-Oceania, the automotive exhaust systems market has a high penetration rate, with China and India expected to be the most promising markets.

In North America and Europe, stringent EPA and Euro norms have led to an increased demand for exhaust systems. Moreover, advanced exhaust after-treatment products for further reduction in harmful emissions are being made mandatory by some governments in these regions. This gives further impetus to the exhaust system market in this region.

The key global automotive exhaust system manufacturers include Faurecia SA (France), Tenneco Inc. (U.S.), Eberspacher GmbH & Co KG (Germany), Futaba Industrial Co Ltd (Japan), and Sango Industrial Co Ltd (Japan). These companies collectively constitute the major share in the global market. However, the demand for the exhaust system is highly dependent on the rise in vehicle production and changing emission norms imposed by governments across different countries.

Asia-Oceania Automotive Exhaust Systems Market Size, by Country, 2015–2020 (‘000 Units)

Automotive Exhaust Systems Market

Source: Industry Journals, Company Presentations, and MarketsandMarkets Analysis

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