HOME Research Insight Faurecia (France) and Tenneco Inc. (U.S.) are the Leading Position in the Exhaust System Market.

Faurecia (France) and Tenneco Inc. (U.S.) are the Leading Position in the Exhaust System Market.

The exhaust system, in a vehicle assembly, offers solutions to counter concerns related to noise, fuel performance, and exhaust emissions. With the increase in adoption of technology, the exhaust system market is projected to grow at a CAGR of 8.45%, during the forecast period, to reach a market size of USD 59.02 Billion by 2021. Growing stringency of emission norms for vehicles in emerging economies is one of the key factors which would drive the growth of the exhaust system market in the next few years.

The exhaust system market is dominated by a few global players, and comprises of several regional players such as Faurecia (France), Tenneco Inc. (U.S.), Eberspacher (Germany), Futaba Industrial Co., Ltd. (Japan), Sango Co., Ltd (Japan), Benteler International AG (Austria), Friedrich Boysen GmbH & Co. KG (Germany), Yutaka Giken Co., Ltd. (Japan) and Sejong Industrial Co., Ltd. (South Korea). The key strategy adopted by the players to gain traction in the global exhaust system market is the expansion. For instance, in October, 2016 Eberspacher (Germany) started a new exhaust technology factory for the manufacturing of catalytic converters and exhaust silencers in Oradea, Romania. The plant area is spread over 27,500 square meters with the production capacity of 1.5 Million mufflers and catalytic converters. New product development is second-most popular strategy followed by few key players, in order to diversify their operations and to fortify their business network. For instance, in September, 2015 Tenneco Inc. (U.S.) introduced a newly designed gasoline particular filter. The gasoline particulate filter is an oval shaped device, designed for Gasoline Direct Injection (GDI) engines to reduce particulate matter (PM) emissions in compliance with the Euro 6c emissions regulations.

\ Faurecia (France) has adopted partnerships as a primary strategy to retain their leading position in the exhaust system market. For instance, the company signed a partnership agreement with a number of OEMs to increase their reach. The company had acquired 91.5% shares of the Danish firm Amminex Emissions Technology A/S (Denmark).. In December 2016, Faurecia (France)  entered into a joint venture with MAAD (Iran) to establish Faurecia Crouse Advanced Exhaust System Co. (FCAES) (Iran). This new joint venture will primarily focus on the production and sale of exhaust systems in the Iranian market.

Tenneco Inc. (U.S.) adopted supply contract as a key strategy to strengthen its market position. In recent years the company had signed two major contracts, one in September 2016, as they received a supply contract for MAN Truck & Bus AG (Germany) for providing the after treatment technologies which includes Selective Catalytic Reduction (SCR) converter, muffler, and pipes which optimizes the urea dosing quantities. Also in March, 2015 they signed a contract to supply SCR technology to Kubota Corporation (Japan), a manufacturer of engines and agricultural equipment.

Related Reports:

Exhaust Systems Market by After Treatment Device (DOC, DPF, LNT, SCR & GPF), Fuel Type, Component (Manifold, Downpipe, Catalytic Converter, Muffler, Tailpipe, Sensor), and Region, Aftermarket by Component & After Treatment Device - Global Forecast to 2021

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