Exhaust System Market

Faurecia (France) and Tenneco (US) are the Key Players in the Exhaust System Market

The exhaust system market is projected to grow from USD 84.8 billion in 2018 to USD 128.2 billion by 2025, at a CAGR of 6.08%. The major driving factors of the exhaust system market are increasing vehicle production, stringency in emission norms, growing demand for improved fuel efficiency, and strategic partnerships between automotive OEMs and exhaust system manufacturers.

The exhaust system market is dominated by global players and comprises several regional players. 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).

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Expansion and new product development are the two most prevailing strategies to expand business in this market. For example, Continental started the construction of a new plant in Wuhu, Auhui. The new plant would be built on a site of 80,000 square meters in the Wuhu Economic Development Zone. It would produce sensors, actuators, fuel and exhaust gas post-processing systems, and other drivetrain components. The company plans to invest USD 33.5 million in the site acquisition and plant construction. Eberspächer mass produced the exhaust systems featuring Gasoline Particulate Filters (GPF). Using the special filters maintains the soot particle content in the exhaust gas 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 vehicles exhaust noise.

Faurecia adopted the strategies of expansion, new product development, partnership, and merger & acquisition to retain its leading position in the exhaust system market. In March 2018, Faurecia inaugurated its 15th plant in Mexico, located in Guanajuato, where it has invested USD 86.2 million. The 110,000-square-meter facility, part of Faurecia’s Clean Mobility division, would manufacture exhaust systems for GM and FCA. In September 2016, Faurecia signed an agreement with Renault Trucks (France) in which Faurecia provided the Exhaust Heat Power Generation (EHPG) systems for Renault Trucks. The EHPG systems were installed in the new Euro VI emission norms-compliant Renault Trucks. Renault Trucks has planned to deploy EHPG systems in long-haul trucks post-2020 which will help bring power gains and emission improvements to heavy-duty vehicles. In April 2015, Faurecia introduced GPF for passenger cars to cater to the stringent emission norms introduced in Europe and China. GPF reduces the PM emissions from the direct injection system in gasoline passenger vehicles.

Tenneco adopted expansion, new product developments, supply contracts, and partnerships to sustain its market position. In September 2016, Tenneco announced a supply contract for the Ford F-650/F-750 medium-duty trucks. These commercial-grade trucks are currently in production and feature Ford’s exclusive 6.7-liter Power Stroke diesel and 6.8-liter V10 gasoline engines. Tenneco supplies the full exhaust system for both engines including the SCR after-treatment system for the Power Stroke diesel engine and engineered elastomer leaf spring eye bushings. In August 2016, Tenneco opened a new clean air manufacturing plant in Michigan, US, to support GM and its crossover vehicle platform. The 70,000-square foot facility is responsible for sequencing exhaust assemblies for the GMC Acadia, Buick Enclave, and Chevrolet Traverse models assembled at GMs Lansing plant. In September 2015, Tenneco introduced a newly-designed GPF. The GPF was oval-shaped and designed for GDI engines to reduce PM emissions in compliance with the Euro 6c emission regulations. GDI engines also help improve fuel economy, and therefore, reduce CO2 emissions.

Related Reports:

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

Mr. Shelly Singh
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Report Code
AT 3505
Published ON
Oct, 2018
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