Vehicle Exhaust Systems Market Size, Trends, Analysis, and Outlook by Technology (Reformulated Gasoline, Catalytic Converters, Active and Passive Regenerative Thermal Oxidizers, Selective Catalytic Reduction (SCR), Oxygen Sensor and Closed Loop Feedback Control Systems), Component (Exhaust Manifold, Mufflers and Resonators, Catalytic Converter, EGR Cooler, Exhaust Gas Recirculation (EGR) Valve), Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Country, Segment, and Companies, 2024-2030
The global Vehicle Exhaust Systems market size is poised to register 5.94% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Vehicle Exhaust Systems market by Technology (Reformulated Gasoline, Catalytic Converters, Active and Passive Regenerative Thermal Oxidizers, Selective Catalytic Reduction (SCR), Oxygen Sensor and Closed Loop Feedback Control Systems), Component (Exhaust Manifold, Mufflers and Resonators, Catalytic Converter, EGR Cooler, Exhaust Gas Recirculation (EGR) Valve), Vehicle (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles).
The Vehicle Exhaust Systems market is witnessing significant growth driven by automotive emissions regulations, technological advancements in exhaust aftertreatment systems, and the demand for improved fuel efficiency and vehicle performance. Vehicle exhaust systems comprise components such as mufflers, catalytic converters, diesel particulate filters (DPF), and selective catalytic reduction (SCR) systems, designed to reduce harmful emissions and noise levels from internal combustion engines. Increasing adoption of clean diesel technologies, hybrid powertrains, and electric vehicles are driving market expansion. Looking towards 2030, the market is expected to witness further innovation with the development of lightweight materials, integrated thermal management solutions, and multi-stage exhaust treatment systems, addressing emission control challenges and enhancing environmental sustainability in the automotive industry..
Vehicle Exhaust Systems Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Vehicle Exhaust Systems market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Vehicle Exhaust Systems survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Vehicle Exhaust Systems industry.
Key market trends defining the global Vehicle Exhaust Systems demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.
Vehicle Exhaust Systems Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Vehicle Exhaust Systems industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Vehicle Exhaust Systems companies scaling up production in these sub-segments with a focus on expanding into emerging countries.
Key strategies adopted by companies within the Vehicle Exhaust Systems industry
Leading Vehicle Exhaust Systems companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Vehicle Exhaust Systems companies.
Vehicle Exhaust Systems Market Study- Strategic Analysis Review
The Vehicle Exhaust Systems market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Vehicle Exhaust Systems Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Vehicle Exhaust Systems industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.
Vehicle Exhaust Systems Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.
North America Vehicle Exhaust Systems Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Vehicle Exhaust Systems market segments. Similarly, Strong end-user demand is encouraging Canadian Vehicle Exhaust Systems companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Vehicle Exhaust Systems market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.
Europe Vehicle Exhaust Systems Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Vehicle Exhaust Systems industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Vehicle Exhaust Systems market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.
Asia Pacific Vehicle Exhaust Systems Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Vehicle Exhaust Systems in Asia Pacific. In particular, China, India, and South East Asian Vehicle Exhaust Systems markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.
Latin America Vehicle Exhaust Systems Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Vehicle Exhaust Systems Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Vehicle Exhaust Systems market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Vehicle Exhaust Systems.
Vehicle Exhaust Systems Market Company Profiles
The global Vehicle Exhaust Systems market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Borla Performance Industries, Calsonic Kansei Corp, Continental AG, Cummins Inc, Dinancmag Automotive Performance, Faurecia SA, Magneti Marelli S.P.A, Mitsubishi Motors Corp, Tenneco Inc, Walser Automotive Group.
Recent Vehicle Exhaust Systems Market Developments
The global Vehicle Exhaust Systems market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Vehicle Exhaust Systems Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
Market Segmentation:
Technology
Reformulated Gasoline
Catalytic Converters
Active and Passive Regenerative Thermal Oxidizers
Selective Catalytic Reduction (SCR)
Oxygen Sensor and Closed Loop Feedback Control Systems
Component
Exhaust Manifold
Mufflers and Resonators
Catalytic Converter
EGR Cooler
Exhaust Gas Recirculation (EGR) Valve
Vehicle
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Companies
Borla Performance Industries
Calsonic Kansei Corp
Continental AG
Cummins Inc
Dinancmag Automotive Performance
Faurecia SA
Magneti Marelli S.P.A
Mitsubishi Motors Corp
Tenneco Inc
Walser Automotive Group.
Formats Available: Excel, PDF, and PPT