Automotive Exhaust Systems: Introduction
- An automotive exhaust system carries waste combustion products from the engine and reduces the overall noise of the vehicle. It comprises the exhaust valves that allow burned gases and particulate matter to pass through ports into the exhaust manifolds. These manifolds, which are fastened to the engine, combine the channel into a single outlet pipe wherein resonators and mufflers discharge the exhaust gases in the atmosphere through the tailpipe. Presently, automotive exhaust systems are widely utilized to trap certain pollutants, expel purified exhaust gases and minimize the environmental footprint of vehicles.
- The exhaust system consists of an exhaust manifold, downpipe, catalytic converter, sensors (oxygen, temperature, and others), mufflers, resonators, clamps, and tailpipes. The exhaust system also consists of various after-treatment devices, along with the catalytic converter, which is utilized to remove harmful constituents such as carbon monoxide (CO), carbon dioxide (CO2), nitrogen oxides (NOX), and particulate matter (PM) from the exhaust gas.
Key Drivers of Global Automotive Exhaust Systems Market:
- Demand for automotive exhaust systems is depends entirely on automotive production and sales. Thus, increasing sales of passenger cars and commercial vehicles across developed and emerging countries is driving the demand for automotive exhaust systems globally. Moreover, stringent government standards associated with carbon emissions are expected to drive the market during the forecast period, as gasoline and diesel engines emit toxic gases and particles that are hazardous to the environment.
- Governments across the globe are imposing more stringent regulations for vehicular emissions in an attempt to reduce the environmental impact associated with the automotive industry. Such regulations are compelling component suppliers to produce high-efficiency and environment-friendly automotive exhaust systems for domestic and international markets.
- Increasing disposable income of various sections of society has driven the automotive industry in developed countries of Europe, such as Italy, the Netherlands, and France. Demand for passenger and commercial vehicles is also expected to increase in regions such as the Asia Pacific, the Middle East & Africa, and Latin America, which in turn is expected to propel the automotive exhaust systems market across the globe.
Lightweight Emission System to Offer Significant Opportunities:
- Demand for vehicle weight reduction in order to comply with the stringent emission and fuel economy regulations and avoid heavy penalties imposed by government agencies is increasing consistently. Reduction in vehicle weight significantly reduces fuel consumption and CO2 emissions, as a lightweight car consumes less fuel and it needs to overcome less inertia, further reducing the power required to propel the vehicle. According to industry experts, the reduction of vehicle weight by 10% can boost its mileage by almost 6% to 8% and increase fuel economy.
- Automotive OEMs are working on several aspects such as new and lightweight materials, aerodynamic design, and drivetrain (engine/transmission) efficiency to achieve a reduction in the overall vehicle weight. Conventional exhaust systems use materials such as cast iron, stainless steel, and mild steel/carbon steel in the manufacture of exhaust system and its components. However, several automotive OEMs, exhaust system manufacturers, and other companies are working to reduce the weight of exhaust systems and their components.
Rising Sales of Clean Vehicles to Hamper Automotive Exhaust Systems Market:
- Clean vehicles include BEVs, CNG, and LPG-powered vehicles. Sales of CNG and LPG-powered vehicles are increasing owing to a rise in the demand for low emission vehicles. These vehicles are cost-effective, as the operating cost of CNG and LPG-powered vehicles is much lower than petroleum-based vehicles. Among all clean vehicles, sales of BEVs are booming with several government mandates and other effective measures such as tax subsidies to promote the adoption of electric vehicles.
- Rise in environmental awareness and government initiatives are further driving sales of electric vehicles at a rapid pace. CNG and LPG-powered vehicles use simpler versions of exhaust systems without any after-treatment devices such as DPF, DOC, SCR, LNT, or GPF. This decreases the revenue generation of the exhaust system industry compared to ICE-powered vehicles. On the other hand, BEVs use an electric motor to propel the vehicle. Hence, these vehicles are not equipped with any exhaust components as well as other after-treatment devices. Therefore, manufacturers of exhaust systems would be missing on a huge chunk of the OE market, as BEVs are gaining popularity across the world, especially in countries such as China and the U.S.
- Currently, the impact of clean vehicles in the exhaust system market is negligible. However, they are expected to create a huge impact in the near future. Consequently, an increase in sales of clean vehicles is expected to hinder the exhaust system market during the forecast period.
Asia Pacific to Hold Significant Share of Global Automotive Exhaust Systems Market:
- Technological awareness and spending capacity of customers in Asia Pacific is increasing. Moreover, expansion of the automotive industry in emerging economies such as China and India is expected to drive the market. The ‘Make in India’ campaign is expected to draw substantial investments in the automotive sector, as India offers several benefits, such as low-cost labor and cheaper raw materials. India and China comprise large supply chains & logistics networks and are among the fastest-growing economies globally. Expansion of the e-commerce industry in the region is also anticipated to boost the demand for commercial vehicles in the next few years.
Key Players Operating in Global Automotive Exhaust Systems Market:
The global automotive exhaust systems market is highly consulted with top manufacturers across the global market. A few of the key players operating and potential in the global automotive exhaust systems market are:
- Bosal International N.V.
- Benteler International AG
- Continental AG
- Eberspächer Group
- Faurecia S.A.
- Futaba Industrial Co. Ltd.
- Friedrich Boysen GmbH & Co. Kg.
- Harbin Airui Automotive Exhaust Systems Co. Ltd.
- Sejong Industrial Co. Ltd.
- Sango Co. Ltd.
- Tenneco Inc.
- Yutaka Giken Co. Ltd.
Global Automotive Exhaust Systems Market: Research Scope
Global Automotive Exhaust Systems Market, by Product Type
- Exhaust Manifold
- Muffler
- Catalytic Converter
- Oxygen Sensor
- Exhaust Pipes
- Others
Global Automotive Exhaust Systems Market, by Vehicle Type
- Two Wheeler
- Three Wheeler
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicles
- Light Commercial Vehicles
- Trucks
- Buses & Coaches
- Off-road Vehicle
- Agriculture Tractors & Equipment
- Construction & Mining Equipment
Global Automotive Exhaust Systems Market, by Fuel Type
Global Automotive Exhaust Systems Market, by Sales Channel
Global Automotive Exhaust Systems Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
