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Automotive Exhaust System Market Trends

Report ID: GMI7490
Published Date: Nov 2023
Report Format: PDF

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Automotive Exhaust System Market Trends

Integration of advanced materials will significantly boost the automotive exhaust system industry forecast over the next ten years. The automotive industry is continually exploring advanced materials to enhance performance and reduce weight. In the exhaust system market, there is a growing trend towards integrating lightweight and durable materials, such as high-strength alloys and composite materials. This helps improve fuel efficiency and overall vehicle performance.

For an instance, in September 2023, Milltek unveiled an exhaust system crafted for the Ineos Grenadier, utilizing aircraft-grade stainless steel pipes to deliver a unique and distinctive sound for the 4x4 vehicle. Constructed from T304L stainless steel, the system is not only durable but is expected to endure almost indefinitely, a crucial attribute considering the intended robust use of the Grenadier. The exhaust system attaches using original fixtures, ensuring convenient installation while preserving the off-road capability by avoiding any elements that might compromise its performance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Automotive exhaust system industry size was USD 37.8 billion in 2022 and is expected to register over 7% CAGR from 2023-2032 due to the increasing vehicle production along with the stringent emission standards and regulations imposed by governments worldwide.

The passenger cars vehicle type segment held 68% share of the automotive exhaust system industry in 2022 and is expected to register appreciable CAGR from 2023-2032 due to rising adoption propelled by stringent global emissions standards.

North America held over 30% share of the automotive exhaust system industry in 2022 and is expected to register commendable CAGR from 2023-2032 due to the stringent emissions regulations and the increasing consumer awareness of environmental sustainability in the region.

BENTELER International, Continental AG, Eberspacher, Faurecia, Friedrich Boysen, Katcon Global, and Tenneco Inc. are some of the major automotive exhaust system companies worldwide.