Automotive Exhaust System Market size is poised to cross USD 195 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive exhaust system was USD 105 Billion. The growth of the market can primarily be attributed to the growing demand of automotive exhaust system owing to the fact that transportation holds the largest share of greenhouse gas (GHG) emissions worldwide. For instance, the transport sector was responsible for ~25% of greenhouse gas emissions in 2020.
Automotive exhaust system collects the exhaust gases from the cylinders, removes harmful substances, and reduces the level of noise. It also discharges the purified exhaust gases at an appropriate point of the vehicle away from its occupants. Depending on the engine, the automotive exhaust system can consist of one or two channels. With every internal combustion engine producing the exhaust noise as well as stringent policies regarding the noise limits, the demand for automotive exhaust systems is on the rise amongst the automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive exhaust system market during the forecast period. For instance, as per the Environment Protection Rules 1986 (EPR), the noise limits of all passenger and commercial vehicles at the manufacturing stage should range from 81 dB to 90 dB.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
6% |
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Base Year Market Size (2022) |
USD 105 Billion |
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Forecast Year Market Size (2033) |
USD 195 Billion |
Fuel Type (Diesel, Gasoline, Alternate Fuels)
The global automotive exhaust system market is segmented and analyzed for demand and supply by fuel type into diesel, gasoline, and alternate fuels. Amongst these segments, the gasoline segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of vehicle registration along with the surge in the penetration of gas powertrain worldwide. For instance, ~22 million vehicles were registered in the United States in 2018, out of which ~94% vehicles had gas powertrain.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Fuel Type |
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By Vehicle Type |
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Regionally, the global automotive exhaust system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, backed by the presence of a strong automobile network in the region, growing number vehicles, as well as the rising vehicular emission resulting into air pollution along with rising concern of growing incidences. For instance, as per a study on the ‘Health and Economic Impact of Air pollution in India’, about 18% of all deaths in 2020 could be attributed to air pollution, resulting into a loss of ~1.2% of gross domestic product (GDP).
Tenneco Incorporated – revealed that it’s advanced exhaust and powertrain technologies is responsible for the 2020 Chevrolet Corvette Stingray's sound and performance.
Benteler International Aktiengesellschaft’s - electrically heated catalytic converters offers car manufacturers a solution in compliance with the strict pollutant requirements of the new EU-7 standard. It also ensures almost 100% pollutant removal during cold starts, making a further contribution towards sustainable mobility.
Author Credits: Harshita Srivastava, Saima Khursheed
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