Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, and GPF), Aftermarket (DOC, DPF, and SCR), Vehicle Type (Passenger Car, LCV, HCV, Construction Equipment, and Agriculture Tractor), Component, and Region - Global Forecast to 2025

[190 Pages Report] The study involves four main activities to estimate the current size for the exhaust system market. Exhaustive secondary research was done to collect information on the market, such as after-treatment devices and various exhaust components. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up approaches were employed to estimate the complete market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the exhaust system market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (exhaust system and after-treatment devices manufacturers) across major regions, namely, North America, Europe, Asia Oceania, and Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the exhaust system market. The exhaust system market size by after-treatment devices, in terms of volume, is derived by multiplying the country-level fuel breakup for each vehicle type with country-level production of each vehicle type (passenger car, LCV, truck, and bus) and country-level after-treatment device penetration (which is estimated using secondary research and then validated by primary interviews) for each vehicle type. The country-level after-treatment device market size, by volume, is multiplied with country-level average OE price (AOP) of each after-treatment device for each vehicle type to get the country-level after-treatment device market, by value. The summation of the country-level market would give the regional level, and then further addition provides the global exhaust system market, by after-treatment device (DOC, DPF, LNT, SCR, and GPF). The total value of each country is then summed up to derive the total value of the exhaust systems market, by after-treatment device. Similar methodology has been followed for exhaust systems market, by component (catalytic converter, engine downpipe, exhaust manifold, mufflers, sensors, and tailpipe), and off- highway vehicle (construction equipment and agriculture tractor) on the basis of after-treatment device (DOC, DPF, and SCR).

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the exhaust system market.

Report Objectives

• To define, describe, and forecast the global exhaust system market, in terms of volume (’000/million units) and value (USD million/billion)
• To define, describe, and forecast the exhaust system OE market for on-highway vehicles, by value and volume, on the basis of after-treatment device (diesel particulate filter, diesel oxidation catalyst, lean NOx Trap, selective catalytic converter, and gasoline particulate filter) at regional and country level
• To define, describe, and forecast the exhaust system OE market for on-highway vehicles, by value and volume, on the basis of vehicle type (passenger car, light commercial vehicle, truck, and bus) at the regional level
• To define, describe, and forecast the exhaust system aftermarket for on-highway vehicles, by value and volume, on the basis of diesel after-treatment device (diesel particulate filter, diesel oxidation catalyst, and selective catalytic converter) at the regional level
• To define, describe, and forecast the exhaust system OE market for on-highway vehicles, by value and volume, on the basis of component (catalytic converter, downpipe, exhaust manifold, mufflers, tailpipe, and sensors) at the regional level
• To define, describe, and forecast the exhaust system market for off-highway vehicles (construction equipment and agricultural tractor), by value and volume, on the basis of after-treatment device (diesel particulate filter, diesel oxidation catalyst, and selective catalytic converter) at the regional level
• To define, describe, and forecast the exhaust system market, by value and volume, on the basis of region (Asia Oceania, Europe, North America, and RoW)
• To understand the market dynamics (drivers, restraints, opportunities, and challenges) for the exhaust system market
• To analyze the market share of the key players operating in the exhaust system market
• To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by the key industry participants in the exhaust system market

Scope of the Report

This research report categorizes the exhaust system market based on after-treatment device, component, vehicle type, off-highway vehicle type, aftermarket, and region.

Exhaust System (OE) Market, By After-Treatment Device

• Diesel Particulate Filter
• Diesel Oxidation Catalyst
• Lean NOx Trap
• Selective Catalytic Converter
• Gasoline Particulate Filter

Exhaust System (OE) Market, By Component

• Catalytic Converter
• Downpipe
• Exhaust Manifold
• Mufflers
• Tailpipe
• Sensors

Exhaust System (OE) Market, By Vehicle Type

• Passenger car
• Light commercial vehicle
• Truck
• Bus

Exhaust System Aftermarket, By Vehicle Type

• Light-duty vehicle
• Heavy-duty vehicle

Exhaust System (OE) Market, By Off-highway Vehicle Type

• Agricultural Tractor
• Construction Equipment

Exhaust System Market, By Region

• North America
• Europe
• Asia Oceania
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

• Exhaust System Components (OE) Market, By Vehicle Type
• Passenger car
• Light commercial vehicle
• Truck
• Bus

Exhaust System (OE) Market, By Fuel Type

• Gasoline
• Diesel

Hybrid Vehicle Exhaust System (OE) Market, By After-Treatment Device

• LNT
• GPF

Off-Highway Exhaust System After-Treatment Devices OE Market, By Region

• DOC
• DPF
• SCR

Two & Three-Wheelers Exhaust System Market, By Region

• Asia Oceania
• Europe
• North America
• RoW

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production
           2.2.2 Key Secondary Sources for Market Sizing
           2.2.3 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Exhaust System—Global Market Sizing & Forecast
    4.2 Exhaust System (OE) Market, By Region
    4.3 Exhaust System (OE) Market, By Component
    4.4 Exhaust System (OE) Market, By After-Treatment Device
    4.5 Exhaust System (OE) Market, By Ic Vehicle Type
    4.6 Exhaust System (OE) Market, By Off-Highway Vehicle
    4.7 Exhaust System Aftermarket, By Ic Vehicle Type

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Vehicle Emissions Leading to Increased Stringency in Emission Regulations and Fuel Economy Standards
                               5.2.1.1.1 On-Highway Vehicle Production Growth and Growing Emissions From these Vehicles
                               5.2.1.1.2 Region-Wise Emission and Fuel Efficiency Targets
                               5.2.1.1.3 After-Treatment Devices for On- and Off-Highway Vehicles
                    5.2.1.2 Technology Partnerships Between Automakers and Exhaust System Manufacturers
           5.2.2 Restraints
                    5.2.2.1 Increasing Sales of Battery Electric Vehicles (BEVS)
                    5.2.2.2 High Cost of Lightweight Exhaust Components
           5.2.3 Opportunities
                    5.2.3.1 Advanced Exhaust Heat Recovery Systems
                    5.2.3.2 Increase in Use of Gasoline Particulate Filter (GPF) With the Advancement in GDI Engine
                    5.2.3.3 Introduction of Real Drive Emission (RDE) Tests
           5.2.4 Challenges
                    5.2.4.1 Maintaining A Balance Between Performance and Low-Cost Diesel After-Treatment Devices
                    5.2.4.2 Global Harmonization of Emission Regulations

6 Technical Overview (Page No. - 53)
    6.1 Introduction
    6.2 Major Components and their Functions in an Automotive Exhaust System
           6.2.1 Exhaust Manifold
           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 Tailpipe
           6.2.5 Resonators
           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 Emission and Fuel Economy Norms (Page No. - 60)
    7.1 Introduction
    7.2 Upcoming Emission and Fuel Economy Standards, Up to 2025
           7.2.1 Passenger Car
           7.2.2 Light Commercial Vehicle
           7.2.3 Heavy Commercial Vehicle
           7.2.4 Diesel Vehicle Sulphur Limit, By Region
           7.2.5 Gasoline Vehicle Sulphur Limit, By Region
    7.3 Europe
    7.4 North America
           7.4.1 US Federal Standards
           7.4.2 California Standards
    7.5 Asia Oceania
           7.5.1 China
           7.5.2 Japan
           7.5.3 India
           7.5.4 South Korea
    7.6 RoW
           7.6.1 Brazil
           7.6.2 South Africa
           7.6.3 Iran

8 Exhaust System (OE) Market, By After-Treatment Device (Page No. - 69)
    8.1 Introduction
    8.2 Diesel Oxidation Catalyst (Doc)
           8.2.1 Asia Oceania is Estimated to Lead the Diesel Oxidation Catalyst Market
    8.3 Diesel Particulate Filter (DPF)
           8.3.1 Europe Hold the Largest Market Share for Diesel Particulate Filter
    8.4 Lean Nox Trap (LNT)
           8.4.1 <2 Litre Engine Capacity Passenger Cars Have Fitment of Lean Nox Trap
    8.5 Selective Catalyst Reduction (SCR)
           8.5.1 Upcoming Stringency in Global Emission Standards Drives the SCR Market
    8.6 Gasoline Particulate Filter (GPF)
           8.6.1 With Increase in Gasoline Direct Injection (GDI) Engines, Europe is Anticipated to Be the Fastest Market

9 Exhaust System (OE) Market, By Component (Page No. - 79)
    9.1 Introduction
    9.2 Exhaust Manifold
           9.2.1 Asia Oceania is Estimated to Lead the Engine Manifold Market
    9.3 Downpipe
           9.3.1 With Maximum Share in Global Vehicle Production, Asia Oceania Leads the Engine Downpipe Market
    9.4 Catalytic Converter
           9.4.1 Three Way Catalytic Converter is the Most Popular Type Owing to It's Higher Efficiency to Filter Emission Gases
    9.5 Muffler
           9.5.1 Resonator is Integrated in the Muffler for Weight Reduction Which is Used to Refine Sound Level
    9.6 Tailpipe
           9.6.1 in V Engine Configuration, Usually Two Tailpipes are Equipped to Maintain Back Pressure and Improved Aesthetic Appearance
    9.7 Sensors
           9.7.1 Asia Oceania is the Largest Market for Exhaust Sensors

10 Exhaust System (OE) Market, By Vehicle Type (Page No. - 88)

Note - The Chapter is Further Segmented at After-Treatment Device and Considered After-Treatment Devices are DPF, Doc, LNT, SCR and GPF
     10.1 Introduction
     10.2 Passenger Car
             10.2.1 LNT is Usually Installed in Class -A, B, and C Passenger Cars
     10.3 Light Commercial Vehicles (LCV)
             10.3.1 Doc is Dominating After-Treatment Technology in Light Commercial Vehicles
     10.4 Truck
             10.4.1 SCR is Fastest Growing Market in Truck Owing to the Stringency in Emission Norms for Heavy-Duty Vehicles
     10.5 Bus
             10.5.1 Asia Oceania is Estimated to Hold the Largest Exhaust System Market for Buses

11 Exhaust System Aftermarket, By Vehicle Type (Page No. - 96)

Note - The Chapter is Further Segmented at After-Treatment Device and Considered After-Treatment Devices are DPF, Doc, SCR
     11.1 Introduction
     11.2 Light Duty Vehicles
             11.2.1 Ldv Hold Largest Aftermarket Share for the After-Treatment Devices By Volume
     11.3 Heavy Duty Vehicles
             11.3.1 SCR Leads the Hdv After-Treatment Devices Market During the Forecast Period

12 Exhaust System (OE) Market, By Off-Highway Vehicle (Page No. - 101)

Note - The Chapter is Further Segmented at After-Treatment Device and Considered After-Treatment Devices are DPF, Doc, SCR
     12.1 Introduction
     12.2 Agricultural Tractor
             12.2.1 <200 Kw Agricultural Tractors are Mostly Equipped With Doc and DPF, Whereas >200 Kw Tractors are Equipped With Doc, DPF, and SCR
     12.3 Construction Equipment
             12.3.1 DPF is Anticipated to Lead Construction Equipment After-Treatment Devices Market

13 Exhaust System OE Market, By Region (Page No. - 106)

Note - The Chapter is Further Segmented at Regional and Country Level By After-Treatment Device and Considered After-Treatment Devices are DPF, Doc, GPF
     13.1 Introduction
     13.2 Asia Oceania
             13.2.1 China
                        13.2.1.1 SCR is the Prominent After-Treatment Device Market in China
             13.2.2 India
                        13.2.2.1 India is Estimated to Be the Fastest Market in Asia Oceania
             13.2.3 Japan
                        13.2.3.1 Japan is the Second Largest Market for After-Treatment Device in Asia Oceania
             13.2.4 South Korea
                        13.2.4.1 DPF is Estimated to Be Largest Market in South Korea as of 2018
             13.2.5 Thailand
                        13.2.5.1 DPF is Estimated to Be Largest Market During the Forecast Period
             13.2.6 Rest of Asia Oceania
                        13.2.6.1 SCR is Estimated to Be Largest After-Treatment Device Market By 2025
     13.3 Europe
             13.3.1 Germany
                        13.3.1.1 Germany is Estimated to Be the Largest Market for Exhaust System By After-Treatment Device
             13.3.2 France
                        13.3.2.1 SCR is Estimated to Be Largest After-Treatment Device Market By 2025
             13.3.3 Spain
                        13.3.3.1 DPF and Doc are Estimated to Be Largest Market By Volume
             13.3.4 Turkey
                        13.3.4.1 DPF is Estimated to Be Largest Market During the Forecast Period
             13.3.5 UK
                        13.3.5.1 DPF is Estimated to Be Largest Market in UK as of 2018
             13.3.6 Russia
                        13.3.6.1 Doc is Estimated to Be Largest Market By Volume in 2018
             13.3.7 Rest of Europe
                        13.3.7.1 SCR is Projected to Be the Fastest Market
     13.4 North America
             13.4.1 US
                        13.4.1.1 After-Treatment Devices Such as Doc and DPF Have Almost 100% Adoption Rate for Diesel Vehicle in Us
             13.4.2 Canada
                        13.4.2.1 SCR is Estimated to Be Largest After-Treatment Market By 2025
             13.4.3 Mexico
                        13.4.3.1 Mexico is Estimated to Be the Fastest Growing Market in North America Owing to Increasing Vehicle Production
     13.5 RoW
             13.5.1 Brazil
                        13.5.1.1 Doc is Estimated to Be Largest Market By Volume as of 2018
             13.5.2 Iran
                        13.5.2.1 Iran is the Fastest Growing Market in Row
             13.5.3 Rest of Row
                        13.5.3.1 DPF is Estimated to Be Largest Market By 2025

14 Competitive Landscape (Page No. - 138)
     14.1 Overview
     14.2 Exhaust System Market: Market Share Analysis
     14.3 Competitive Scenario
             14.3.1 Expansions
             14.3.2 New Product Launches/New Product Developments
             14.3.3 Supply Contracts
             14.3.4 Partnerships/Joint Ventures
             14.3.5 Mergers & Acquisitions

15 Company Profiles (Page No. - 148)

(Business Overview, Products Offered, Recent Developments, Swot Analysis)*  (Page No. - )
     15.1 Faurecia
     15.2 Tenneco
     15.3 Continental
     15.4 Eberspächer
     15.5 Futaba Industrial
     15.6 Benteler International
     15.7 Friedrich Boysen
     15.8 Yutaka Giken
     15.9 Sejong Industrial
     15.10 Bosal
*Details on Business Overview, Products Offered, Recent Developments, Swot Analysis Might Not Be Captured in Case of Unlisted Companies.  (Page No. - )

16 Additional Company Profiles (Page No. - 178)
     16.1 North America
             16.1.1 Magnaflow
             16.1.2 Katcon
             16.1.3 Grand Rock
     16.2 Europe
             16.2.1 Fennosteel
             16.2.2 Dinex
             16.2.3 Eminox
             16.2.4 European Exhaust and Catalyst
     16.3 Asia Oceania
             16.3.1 Sango
             16.3.2 Calsonic Kansei
             16.3.3 Sharda Motor Industries

17 Appendix (Page No. - 180)
     17.1 Insights of Industry Experts
     17.2 Discussion Guide
     17.3 Knowledge Store: Marketsandmarkets’ SubSCRiption Portal
     17.4 Available Customizations
             17.4.1 Exhaust System Components OE Market, By Vehicle Type

Note: The Components (Exhaust Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe, and Sensors) OE Market Can Be Offered for Ic Vehicle Type- Passenger Cars, LCV, Trucks, and Buses at the Regional Level- North America, Europe, Asia Oceania, and RoW.
                        17.4.1.1 Passenger Cars
                        17.4.1.2 LCV
                        17.4.1.3 Trucks
                        17.4.1.4 Buses
             17.4.2 Exhaust System OE Market, By Fuel Type

Note: The Exhaust System OE Market Can Be Offered By Fuel Type- Gasoline & Diesel at the Regional Level- North America, Europe, Asia Oceania, and RoW
                        17.4.2.1 Gasoline
                        17.4.2.2 Diesel
             17.4.3 Hybrid Vehicle Exhaust System OE Market, By After-Treatment Device

Note: The Hybrid Vehicle (Hev & Phev) Exhaust System OE Market Can Be Offered By After-Treatment Devices-LNT, and GPF
                        17.4.3.1 LNT
                        17.4.3.2 GPF
             17.4.4 Off-Highway Exhaust System After-Treatment Devices OE Market, By Region

Note: The Off-Highway Vehicle (Construction Equipment, and Agricultural Tractors) Market Can Be Offered By After-Treatment Devices-Doc, DPF, and SCR at The Regional Level- North America, Europe, Asia Oceania and RoW.
                        17.4.4.1 Asia Oceania
                        17.4.4.2 Europe
                        17.4.4.3 North America
                        17.4.4.4 RoW
             17.4.5 Two & Three Wheeler Vehicle Exhaust System OE Market, By Region

Note: The Exhaust System OE Market Can Be Offered at the Regional Level- North America, Europe, Asia Oceania, and RoW
                        17.4.5.1 Asia Oceania
                        17.4.5.2 Europe
                        17.4.5.3 North America
                        17.4.5.4 RoW
             17.4.6 Detailed Analysis and Profiling of Additional Market Players (Upto 3)
     17.5 Related Reports
     17.6 Author Details

List of Tables (109 Tables)

Table 1 Currency Exchange Rates (W.R.T. Per USD)
Table 2 Overview of Emission Regulation Specifications for Passenger Cars
Table 3 Emission Norms Specifications in Key Countries for Passenger Cars
Table 4 Top BEV Models, By Sales, 2016–2017 (‘000 Units)
Table 5 Government Incentives for Electric Vehicles, By Country
Table 6 Pricing of Cast Iron Manifolds vs Cast Steel Manifolds
Table 7 Comparison of Old and New Car Engines
Table 8 Emission Norms in Different Countries for Light Duty Vehicles
Table 9 Exhaust System Market, By After-Treatment Device, 2016–2025 (Million Units)
Table 10 Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 11 Doc: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 12 Doc: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 13 DPF: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 14 DPF: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 15 LNT: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 16 LNT: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 17 SCR: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 18 SCR: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 19 GPF: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 20 GPF: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 21 Exhaust System Market, By Component, 2016–2025 (Million Units)
Table 22 Exhaust System Market, By Component, 2016–2025 (USD Million)
Table 23 Exhuast Manifold: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 24 Exhuast Manifold: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 25 Downpipe: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 26 Downpipe: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 27 Catalytic Converter: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 28 Catalytic Converter: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 29 Muffler: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 30 Muffler: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 31 Tailpipe: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 32 Tailpipe: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 33 Sensors: Exhaust System Market, By Region, 2016–2025 (Million Units)
Table 34 Sensors: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 35 Exhaust System Market, By Vehicle Type, 2016–2025 (Thousand Units)
Table 36 Exhaust System Market, By Vehicle Type, 2016–2025 (USD Million)
Table 37 Passenger Car: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 38 Passenger Car: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 39 LCV: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 40 LCV: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 41 Truck: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 42 Truck: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 43 Bus: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 44 Bus: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 45 Exhaust System Aftermarket, By Vehicle Type, 2016–2025 (Million Units)
Table 46 Exhaust System Aftermarket, By Vehicle Type, 2016–2025 (USD Million)
Table 47 Light Duty Vehicles: Exhaust System Aftermarket, By After-Treatment Device, 2016–2025 (Million Units)
Table 48 Light Duty Vehicles: Exhaust System Aftermarket, By After-Treatment Device, 2016–2025 (USD Million)
Table 49 Heavy Duty Vehicles: Exhaust System Aftermarket, By After-Treatment Device, 2016–2025 (Million Units)
Table 50 Heavy Duty Vehicles: Exhaust System Aftermarket, By After-Treatment Device, 2016–2025 (USD Million)
Table 51 Exhaust System Market, By Off-Highway Vehicle, 2016–2025 (Thousand Units)
Table 52 Exhaust System Market, By Off-Highway Vehicle, 2016–2025 (USD Million)
Table 53 Agricultural Tractors: Exhaust System Market, By Region, 2016–2025 (Thousand Units)
Table 54 Agricultural Tractors: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 55 Construction Equipment: Exhaust System Market, By Region, 2016–2025 (Thousand Units)
Table 56 Construction Equipment: Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 57 Exhaust System Market, By Region, 2016–2025 (Thousand Units)
Table 58 Exhaust System Market, By Region, 2016–2025 (USD Million)
Table 59 Asia Oceania: Exhaust System Market, By Country, 2016–2025 (Thousand Units)
Table 60 Asia Oceania: Exhaust System Market, By Country, 2016–2025 (USD Million)
Table 61 China: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 62 China: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 63 India: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 64 India: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 65 Japan: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 66 Japan: Exhaust System, By After-Treatment Device, 2016–2025 (USD Billion)
Table 67 South Korea: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 68 South Korea: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 69 Thailand: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 70 Thailand: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 71 Rest of Asia Oceania: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 72 Rest of Asia Oceania: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 73 Europe: Exhaust System Market, By Country, 2016–2025 (Thousand Units)
Table 74 Europe: Exhaust System Market, By Country, 2016–2025 (USD Million)
Table 75 Germany: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 76 Germany: Exhaust System, By After-Treatment Device, 2016–2025 (USD Billion)
Table 77 France: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 78 France: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 79 Spain: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 80 Spain: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 81 Turkey: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 82 Turkey: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 83 UK: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 84 UK: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 85 Russia: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 86 Russia: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 87 Rest of Europe: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 88 Rest of Europe: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 89 North America: Exhaust System Market, By Country, 2016–2025 (Thousand Units)
Table 90 North America: Exhaust System Market, By Country, 2016–2025 (USD Million)
Table 91 US: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 92 US: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 93 Canada: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 94 Canada: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 95 Mexico: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 96 Mexico: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 97 RoW: Exhaust System Market, By Country, 2016–2025 (Thousand Units)
Table 98 RoW: Exhaust System Market, By Country, 2016–2025 (USD Million)
Table 99 Brazil: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 100 Brazil: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 101 Iran: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 102 Iran: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 103 Rest of RoW: Exhaust System Market, By After-Treatment Device, 2016–2025 (Thousand Units)
Table 104 Rest of RoW: Exhaust System Market, By After-Treatment Device, 2016–2025 (USD Million)
Table 105 Expansions, 2014–2018
Table 106 New Product Launches/New Product Developments, 2014–2018
Table 107 Supply Contracts, 2014–2018
Table 108 Partnerships/Joint Ventures, 2016–2018
Table 109 Mergers & Acquisitions, 2014–2016

List of Figures (60 Figures)

Figure 1 Market Segmentation: Exhaust System Market
Figure 2 Exhaust System Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach: Exhaust System Market
Figure 6 Data Triangulation
Figure 7 Exhaust System Market for Automotive: Market Outlook
Figure 8 an Overview of Automotive Exhaust System Market, 2018-2025 (USD Billion)
Figure 9 Exhaust System Market, By Region, 2018 vs. 2022 vs. 2025 (USD Million)
Figure 10 Attractive Opportunities in the Exhaust System Market
Figure 11 Asia Oceania is Estimated to Be the Largest Market During the Forecast Period, 2018 (USD Billion)
Figure 12 Catalytic Convertor is Anticipated to Be the Largest Market, 2018 vs. 2025
Figure 13 SCR is Anticipated to Be the Largest Market During the Forecast Period, 2018 vs. 2025
Figure 14 Passenger Car is Expected to Be the Largest Market Over the Forecast Period
Figure 15 SCR is Expected to Be the Fastest Growing After-Treatment Device for Off-Highway Vehicle, 2018 vs. 2025
Figure 16 Heavy-Duty Vehicle is Expected to Be the Largest Market, 2018 vs. 2025
Figure 17 Exhaust System Market: Market Dynamics
Figure 18 Global Vehicle Production, 2012–2017 (Thousand Units)
Figure 19 BEV Sales, 2016–2025 (‘000 Units)
Figure 20 Working of an Automotive Exhaust System
Figure 21 Vehicle Exhaust Manifold
Figure 22 Catalytic Converter Working Model
Figure 23 Working of an ANC Muffler
Figure 24 Working of an Automotive Diesel Particulate Matter Treatment System (Doc + DPF)
Figure 25 Working of an Automotive SCR System
Figure 26 Overview of Emission Regulation for Passenger Cars, Up to 2025
Figure 27 Overview of Emission Regulation for Light Commercial Vehicles, Up to 2025
Figure 28 Overview of Emission Regulation for Heavy Commercial Vehicles, Up to 2025
Figure 29 Overview of Diesel Fuel Sulphur Limits, By Key Country
Figure 30 Overview of Gasoline Fuel Sulphur Limits, By Key Country
Figure 31 Fine Particulate (Pm2.5) Average Lifetime Emission Factors for Diesel Vehicles By Emission Standard and Sulfur Content
Figure 32 Epa vs. Euro Emission Norms Analysis, Nox vs. Pm
Figure 33 Exhaust System Market, By After-Treatment Device, 2018–2025 (USD Billion)
Figure 34 Exhaust System Market, By Component, 2018 vs. 2022 vs. 2025 (USD Billion)
Figure 35 Exhaust System Market, By Vehicle Type, 2018 vs. 2022 vs. 2025 (USD Billion)
Figure 36 Exhaust System Aftermarket, By Vehicle Type, 2018 vs. 2025 (USD Billion)
Figure 37 Exhaust System Market, By Off-Highway Vehicle, 2018-2025 (USD Million)
Figure 38 Exhaust System Market, By Region, 2018—2025 (USD Million)
Figure 39 Asia Oceania: Exhaust System Market Snapshot
Figure 40 Europe: Exhaust System Market Snapshot
Figure 41 North America: Exhaust System, 2018—2025 (USD Million)
Figure 42 Companies Adopted New Product Development & Expansions as the Key Growth Strategy From 2014 to 2018
Figure 43 Exhaust System Market Share Analysis in 2017
Figure 44 Faurecia: Company Snapshot
Figure 45 Faurecia: Sales By Customers, 2017
Figure 46 Faurecia: Swot Analysis
Figure 47 Tenneco: Company Snapshot
Figure 48 Tenneco: Sales By Customer, 2017
Figure 49 Tenneco: Swot Analysis
Figure 50 Continental: Company Snapshot
Figure 51 Continental: Swot Analysis
Figure 52 Eberspächer: Company Snapshot
Figure 53 Eberspächer: Swot Analysis
Figure 54 Futaba Industrial: Company Snapshot
Figure 55 Futaba Industrial: Sales By Customer, 2018
Figure 56 Futaba Industrial: Swot Analysis
Figure 57 Benteler International: Company Snapshot
Figure 58 Friedrich Boysen: Company Snapshot
Figure 59 Yutaka Giken: Company Snapshot
Figure 60 Sejong Industrial: Company Snapshot

The exhaust system market is estimated to be USD 84.8 billion in 2018 and is projected to reach USD 128.2 billion by 2025, at a CAGR of 6.08%. Increasing vehicle production, continuous upgrades in emission regulation, upcoming emission-related regulatory compliances in developing countries, and technological partnerships between OEMs and Tier I players are projected to drive the exhaust system market.

The SCR segment is expected to be the largest contributor in the exhaust system market, by after-treatment device, during the forecast period

The SCR technology offers benefits including enhanced nitrogen oxide (NOx) reduction than LNT by nearly 90%, and hence, it is mostly preferred in diesel vehicles across the globe. SCR has a maximum installation rate in European and North American countries owing to the ongoing emission norms such as Euro 6 and Tier 3 respectively. Europe has a large adoption rate of diesel passenger cars and LCVs. Thus, it has a higher installation rate of SCRs compared to other regions such as Asia Oceania and North America in these vehicle types. Further, the newer trucks and buses of developed countries must withstand the NOx permissible limits and should be fitted with SCRs. Moreover, owing to the ongoing and upcoming stringent emission norms in developing countries such as China, India, and Thailand, the demand for SCRs is expected to increase significantly across all diesel vehicle types by 2022 at a global level.

Light-duty vehicle (LDV) is estimated to be the fastest growing aftermarket during the forecast period

LDVs comprise passenger cars and LCVs. In LDV, passenger cars hold the largest market share for the after-treatment devices owing to the maximum vehicle parc. According to MarketsandMarkets analysis, the contribution of passenger cars in the overall vehicle parc stood at nearly 70–75% in 2017 which is anticipated to grow at a prominent rate in the coming years. Also, emission regulations are getting more stringent for all vehicles. Between the Euro 4 to Euro 6, PM and NOx levels have reduced significantly. This has prompted the installation of DOC, DPF, and SCR in older vehicles which has further spurred the demand for after-treatment devices in the aftermarket for passenger cars. On the other hand, along with the passenger cars, the emission norms are getting tighter for LCVs that further lead to the implementation of after-treatment devices.

Asia Oceania is expected to account for the largest market size during the forecast period

Asia Oceania has the largest market share of vehicle production with about 54–56% of the total vehicle production. China, India, and Japan are the largest vehicle production hubs because of rising urbanization, increasing GDP, and industrialization among others. With the growing vehicle production, vehicle emissions have also increased significantly. Considering this, few countries such as China, Japan, and India have implemented vehicle emission norms. For instance, China and India are currently running on China IV and BS IV. However, they are planning to implement China VI and BS VI by 2020 which is equivalent to Euro VI. Moving toward strict emission norms will create a huge demand for various after-treatment devices. In Asia Oceania, China and Japan are the leading countries for the exhaust system market, by after-treatment device.

Some of the key players in the exhaust system market are Faurecia (France), Tenneco (US), Continental (Germany), Eberspächer (Germany), Futaba Industrial (Japan), Benteler International (Austria), Friedrich Boysen (Germany), Yutaka Giken (Japan), Sejong Industrial (South Korea), and Bosal (Belgium). Faurecia is anticipated to be a dominant player in the exhaust system market. Faurecia adopted the strategies of expansion, new product development, partnership, and merger & acquisition to retain its leading position in the exhaust system market. Strengthening the product portfolio and global presence by building customer relationships, Faurecia has left a mark not only in the current market but also in emerging markets such as India. This is the strategy that Faurecia is following to maintain its leadership in the exhaust system market.

Recent Developments

• In June 2018, Continental opened a combined production and storage facility for NOx sensors in Trutnov, Czech Republic. The two surface-mount technology (SMT) production lines would produce printed circuit boards, which will help in enhancing the NOx sensors manufacturing. These electronic components detect NOx in the exhaust gas of a vehicle and provide the data for the effective conversion of NOx into harmless substances. 
• In February 2017, Eberspächer mass produced the exhaust systems featuring GPF. Using the special filters means the soot particle content in the exhaust gas is well below the legal limit. As a result, the systems conform to the upcoming level of the Euro 6 emissions standard. The filters also minimize the vehicle's exhaust noise. 
• In May 2018, A Chinese subsidiary of Sejong Industrial, Taicang Sejong Auto Parts Co., Ltd. reached an agreement with Changan Automobile for supplying mufflers worth USD 101.8 million to the Chinese automaker. The products are designed for 3 new models whose mass production is slated to begin in 2019. Taicang Sejong Auto Parts plans to boost its annual sales to USD 254.5 million by 2021. 

Key Questions addressed by the report

• Which after-treatment device is going to dominate in the future?
• How are the industry players addressing the challenge of maintaining a balance between performance and low-cost diesel after-treatment devices?
• When is SCR going to get mass adoption in the exhaust system market for all vehicle types?
• What could be the market size of exhaust systems for off-highway vehicles?
• What could be the market size of exhaust systems for the aftermarket?

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