Automotive Exhaust Systems Market Size to Cross USD 123.43 Billion by 2032

Published Date : 08 May 2024

The global automotive exhaust systems market size was estimated at USD 77.55 billion in 2023 and is projected to rise around USD 123.43 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033. The increasing number of commercial vehicles and increasing sales of passenger cars are anticipated to drive the growth of the automotive exhaust systems market.

Automotive Exhaust Systems Market Size and Growth Rate 2023 to 2032

Market Overview 

The automotive exhaust systems market is a thriving and dynamic industry that plays an important role in the automotive industry to ensure compliance, reduce emissions, and enhance vehicle performance with strict environmental regulations. The automotive exhaust systems gather and discharge the purified exhaust gases and remove harmful substances and exhaust gases from cylinders. The rising disposable incomes among several sections of society and strict government standards related to carbon emissions are expected to drive the growth of the market. The increasing production and sales of vehicles in emerging countries and technological advancements in exhaust systems fuel market growth. In addition, rising expenditure on R&D by exhaust manufacturers and rising awareness among customers related to vehicle pollution are further anticipated to drive the growth of the market.

Increasing automotive production and sales to fuel the automotive exhaust systems market growth

The demand for automotive exhaust systems is rapidly growing due to the increasing sales and production of vehicles globally. The increasing disposable incomes, improving living standards, and rapid urbanization in developing countries have surged the demand for automobiles such as two-wheelers, commercial vehicles, and passenger cars. In addition, the replacement of old vehicles with advanced and new vehicles contributes to increased sales of exhaust systems. The emergence of an advanced automotive market and the occurrence of a higher consumer base in emerging countries help to drive market demand. As automakers struggle to fulfill the rising vehicle demand, they search for better exhaust system suppliers that are efficient in delivering compliant and high-quality products. These are the major factors anticipated to drive the demand for automotive exhaust systems in the market.

However, rising sales of clean vehicles may restrain the growth of the market. Clean vehicles such as LPG, CNG, and BEVs powered vehicles. Sales of LPG and CNG-powered vehicles are rising with the increasing demand for low-emission vehicles. These vehicles are cost-effective as the functioning cost of LPG and CNG vehicles is less than petroleum-based vehicles. The sales of BEVs are thriving with various effective measures and government mandates, including tax subsidies to increase the adoption of electric vehicles. These are the several factors that are responsible for the demand for automotive exhaust systems in the market. 

Automotive Exhaust Systems Market Scope

Report Coverage Details
Market Revenue in 2023 USD 77.55 Billion
Projected Forecast Revenue by 2032 USD 123.43 Billion
Growth Rate from 2023 to 2032 CAGR of 5.3%
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Automotive Exhaust Systems Market Top Companies 

  • Yutaka Giken Company Limited 
  • Umicore 
  • Milltek Sport
  • Tenneco, Inc. 
  • Sejong Industrial Co. Ltd. 
  • Sango Co. Ltd. 
  • Klarius Products Ltd 
  • Johnson Matthey 
  • Harbin Airui Automotive Exhaust Systems Co. Ltd. 
  • Futaba Industrial Co. Ltd. 
  • Friedrich Boysen GmbH & Co. KG 
  • Faurecia S.A. 
  • Eberspancher Climate Control Systems GmbH & Co. KG 
  • Continental AG 
  • Mercedes
  • Bosal International N.V. 
  • Benteler International AG 
  • BASF SE 

Recent Development by Milltek Sport 

  • In July 2023, a global, leading manufacturer, UK-based Milltek Sport, launched For BMW’s exciting M2 Coupe an enhanced high-performance exhaust system. They unlocked even more potential from the advanced baby M car. They are constantly expanding into new varieties of vehicles.  

Recent Development by Mercedes 

  • In October 2023, to enhance driving dynamics and potent hybrid powertrain, Mercedes-AMG launched C 43. This C 43 was the complete host of upgrades spanning the powertrain, interior, and exterior. This C 43 was part of an entirely organized exhaust system and gave a 6-cylinder to a 4-cylinder engine. 

Regional Insights 

Asia Pacific dominated the automotive exhaust systems market in 2023. The increasing purchasing power, rising technical savvy, and developing automotive industry in emerging countries are anticipated to drive market growth in the Asia Pacific region. India, China, Japan, and South Korea are the major developing countries in this Asia-Pacific market.

China is the leading country and has the largest market in the automotive industry. The demand for exhaust systems in China has grown rapidly in the past few years. The demand and production are growing very rapidly. The Chinese economy maintains rapid growth, which has been motivated by the successive growth of industrial exports, imports, output capital investments, and customer consumption. China’s automotive exhaust systems help major industry participants, industry structure, industry capacity, supply and demand, industry development, investment environment, and economic trends. The maximum number of automotive exhaust systems and parts are manufactured in China, including exhaust pipes, exhaust gaskets, catalytic converters, exhaust hangers, and exhaust hoses. Also, China has leading market payers and exhaust system manufacturers such as HAMIL METALS CO., BETE Ceramics Co., JEA MECHANICAL AND ELECTRICIAL EQUIPMENT, GLOBAL TRADE, Shandong Zhaori Stainless Steel Co. And many more. The market players manufacture products with remote controls, adjustable valves, nondestructive installation, and intelligent variable valve exhaust. Also, they make products at affordable rates. Some of the Chinese exhaust systems are popular for their quality and durability.

In India, there is also a maximum number of automotive suppliers, parts manufacturers, and exhaust systems, such as Revac Systems, Kpt Industries Limited, and Analab Scientific Inst. Pvt. Ltd. And Shekina Metal Works. India is the best country for car buyers because there are six types of car exhaust systems: Inner-tube exhaust system, single exit pipe, dual clear exit, opposite dual exhaust, dual side exhaust, and high-performance automotive exhaust systems. These are the major factors, and leading companies in India and China are expected to drive the demand for automotive exhaust systems in the Asia Pacific region.

Market Potential and Growth Opportunity 

Increasing emerging markets and product innovation 

There are so many factors responsible for the development of the market, including vehicle ownership, urbanization, and growing disposable income. Governments will play a major role in the development of the automotive industry in all countries. Some countries invest in R&D to improve their products. Some countries help their clients improve their optimized dealer network, innovative digital marketing tools, and consumer-insight capabilities. In addition, product innovation in the future is also a major opportunity. The materials create opportunities for manufacturers, and continued advancements in exhaust system design help them gain a competitive edge and differentiate their offerings. With innovative solutions permitting professionals to create more revenue, the automotive industry is moving towards a bright future. Some major advanced technologies will help in product innovation, such as the Internet of Things (IoT), artificial intelligence, blockchain, autonomous vehicles, human-machine interface, big data & analytics, vehicle tracking software, electrification, mobility, and cloud computing. These are the major opportunities that are anticipated to drive the demand for market in the coming future.   

Automotive Exhaust Systems Market News 

  • In March 2024, Hyundai, the leading automotive manufacturer, launched the Creta N Line with the feature of twin-tip exhaust system. After the Venue N Line and i20 N line, Hyundai offered the Creta N line. This great feature of the exhaust system N Line Creta started from Rs. 16.82 lakh in India.   
  • In January 2024, in India, McLaren, the British automaker 750S supercar. The manufacturer said that this was the most powerful and lightest production with advanced features of the exhaust system. The supercar was worth Rs. 5.91 crore in India. The 750S supercar also features a larger splitter, a revamped rear section with a new exhaust system, and an active spoiler with a dry weight of 12,77 kg.

Market Segmentation

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicle

By Fuel Type

  • Gasoline
  • Diesel

By After-treatment Device

  • LNT
  • GPF

By Component

  • Exhaust Manifold
  • Muffler
  • Catalytic Converter
  • Oxygen Sensor
  • Exhaust Pipes

By Technology 

  • Diesel Oxidation Catalyst (DOC)
  • Diesel Particulate Filter (DPF)
  • Selective catalytic reduction (SCR)
  • Exhaust gas recirculation (EGR)
  • Gasoline Particulate Filter (GPF)
  • Others

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