Exhaust Systems Market Size & Share Outlook up to 2024

Exhaust Systems MarketAn exhaust system is a piping that is used to exhaust the gases from the combustion that is inside the stove or engine. The complete system will convey the gases that are burnt from the engine; the system may include one or many exhaust pipes. The exhaust pipes are designed very carefully as they carry the toxic gases away from the users and the machines. The generators or the furnaces that are present indoor generate poisonous gases that fill the enclosed space with gases such as nitrogen oxides, hydrocarbons, and carbon monoxide which are very dangerous if inhaled, thus they should be properly vented.

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The global exhaust system segmentation is divided into both OE and aftermarket segments. The basic segmentation of the market is into its components, fuel type, after-treatment devices, and by vehicle type. On the basis of the components, the OE market is segregated into the exhaust manifold, engine downpipe, muffler, sensors, catalytic converter, and tailpipe. The exhaust manifold segment is further sub-segmented into a single wall and double wall. The sensors segment is sub-segmented into temperature sensors and oxygen sensors. The aftermarket segmentation by component includes tailpipe, catalytic converter, and muffler. Based on the fuel type, the global market is categorized into diesel and gasoline. On the basis of the OE market after-treatment devices, the global market is bifurcated into diesel particulate filter (DPF), selective catalytic reduction (SCR), diesel oxidation catalyst (DOC), and lean Nox trap (LNT). Based on the aftermarket after-treatment devices, the global market is divided into diesel particulate filter (DPF), selective catalytic reduction (SCR), and diesel oxidation catalyst (DOC). On the basis of the vehicle type, the global market is classified into heavy commercial vehicles, passenger cars, and light commercial vehicles.

The growing environmental problems and the increasing health hazards are the main reason that is driving the exhaust systems market. Exhaust manifolds and the catalytic converter held the largest market for the components segment. This growth is attributed to the increased production of the commercial vehicles and passenger cars globally. There are many R&D activities going on for the development of the exhaust systems, thus triggering the market. The segment in the after-treatment devices segment that is growing fast is the gasoline particulate filters.

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Region-wise, the global exhaust systems market is diversified into North America, Asia-Pacific, Europe, and the Rest of the World. The Asia-Pacific region is leading the exhaust systems market owing to the increased production of the vehicles. The country that is leading the automobile industry is China. It is due to the presence of the major automotive OEMs in the region. Asia Pacific region is followed by North America and Europe. North America is contributing a good share in the exhaust systems market owing to the growing government regulations regarding the emissions of the harmful gases.

Market Competitive Players

The key market players in the exhaust systems market include Faurecia, Eberspächer, Sango Co. Ltd., Friedrich Boysen GmbH & Co. KG, Sejong Industrial Co., Ltd., Tenneco Inc., Futaba Industrial Co. Ltd., Benteler International AG, Yutaka Giken Co., Ltd., and Bosal.

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Exhaust Systems Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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