The exhaust system (OE) market, by vehicle type is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of aftertreatment devices in combinations are boosting the growth of the exhaust system market.
Exhaust system manufacturers are investing in R&D activities to introduce advanced types of an exhaust system. For example, in February 2021, Eberspächer announced to develop a solution for metal and ceramic catalytic converters to further reduce the emission of pollutants. Eberspächer presented the EHC Lamella Heater, an electrically heated catalyst, as its first series product, which is expected to meet the new EURO 7 emission standards. The Eberspächer EHC Lamella Heater is an electrically heated catalyst that directs the exhaust gas flow over preheated lamellas at the inlet of the exhaust system. It is installed in diesel and gasoline-powered vehicles directly in front of the catalytic converters to generate the necessary temperatures at best possible point.
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Faurecia (France), Tenneco Inc.(US), Eberspächer (Germany), Friedrich Boysen GMBH & CO. KG (Germany), and BENTELER International (Austria) are the prominent players in the exhaust system market.. New product development, expansion, acquisition, and collaboration strategy have been the most dominating strategy adopted by major players from 2018 to 2021, which helped them to innovate on their offerings and broaden their customer base.
Tenneco Inc. was founded in 1940 and is headquartered in Lake Forest, Illinois, US. It was renamed Tenneco Inc. in 2005 by Tenneco Automotive Inc. The company operates through four business segments: clean air, powertrain, ride performance, and motor parts. The clean air segment designs, manufactures, and distributes a variety of products like exhaust systems designed to reduce pollution and optimize engine performance, acoustic tuning, and weight on a vehicle for light vehicles, commercial trucks, and off-highway OE customers. The clean air segment has 66 clean air manufacturing facilities worldwide, of which 17 facilities are located in North America, 20 in Europe, 3 in South America, and 26 in Asia Pacific.
Faurecia was founded in 1997, after a merger between Bertrand Faure (France), a specialist in seat cushions for the automotive industry, and ECIA, a subsidiary of Peugeot (France), which manufactures seats, vehicle interior, front end, and exhaust systems. The company operates in 332 locations across 35 countries, majorly from Asia, North America, and Europe region, including 266 industrial sites and 39 research and development centers. Faurecia operates with a workforce of 113,931 and provides exhaust system components to automotive OEMs, including Ford, GM, Citroen, BMW, Dongfeng Passenger Vehicle, Volkswagen, and Audi Ag.
Eberspächer was founded in 1865 and is headquartered in Esslingen, Germany. It is one of the key players in system development and supplying exhaust technologies, air conditioning systems, and vehicle heaters. It operates through three business units, namely, exhaust technology, climate control systems, and automotive controls. It offers exhaust systems and their related components under its exhaust technology segment. The company provides exhaust systems to automotive OEMs like Audi, Toyota, Ford, Isuzu, SEAT, Skoda, Volkswagen, and Daimler. In May 2021, Eberspächer Group announced that its exhaust technology division would operate as the Purem by Eberspächer brand. This development is aimed at strengthening the operational independence of the area and expanding opportunities for global cooperation with other companies.
Friedrich Boysen was founded in 1921 and is headquartered in Altensteig, Germany. It is one of the key global players in the automotive exhaust system market. The company offers exhaust systems for premium passenger cars and commercial vehicles. The product portfolio consists of manifolds, catalytic converters, particulate filters, silencers, exhaust flaps, and trims.
The company has a presence in over 23 locations worldwide and serves car manufacturers primarily in Germany, France, India, China, and the US. Some of the major clients of the company include Audi AG, BMW Group, and Daimler AG. Eberspächer and Tenneco Inc. are the company’s major competitors in the exhaust system market.
BENTELER International was founded in 1876 and is headquartered in Salzberg, Austria. It is an international holding group comprising Benteler Deutschland GmbH, under which it operates its major revenue-generating businesses. BENTELER International operates through three different operating segments named automotive, steel/tube, and distribution. The automotive segment offers solutions for engine and exhaust systems and related components.
It has a presence across 100 locations in around 30 countries covering all major regions such as North America, Asia Pacific, and Europe, with 24,908 employees as of 2020.
Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region - Global Forecast to 2026
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