Strategic overview

The engine of an Internal Combustion Engine (ICE) vehicle releases several toxic gases into the environment. An exhaust system  in these vehicles is used to purify numerous harmful gases, as well as to channel these gases away from the combustion area inside an engine, thereby decreasing the overall noise of the engine.

Exhaust gases released from engine cylinders are accumulated and cooled down by the exhaust manifold and passed to the catalytic converter through the downpipe. The catalytic converter and after-treatment devices act as an exhaust gas purifier and subsequently remove harmful determinants from the gases.

These gases then travel through the muffler, minimizing engine noise, and are finally emitted as less harmful exhaust gases through the tailpipe. The exhaust system consists of an exhaust manifold, a downpipe, a catalytic converter, sensors (oxygen, temperature, and others), and tailpipes, among other components.

The exhaust system also consists of various after-treatment devices, along with the catalytic converter, which are used to remove harmful constituents such as carbon monoxide (CO), carbon dioxide (CO2), nitrogen oxides (NOX), and Particulate Matter (PM) from the exhaust gas.

Detailed Segmentation:

The global exhaust system market is segmented on the basis of component, after-treatment device, vehicle type and region. The detailed segmental description is listed below:

Based on Component

• Manifold
• Downpipe
• Catalyst Converter
• Muffler
• Tailpipe
• Others

Based on After-Treatment Device

• Diesel Oxidation Catalyst System
• Diesel Particulate Filter
• Selective Catalytic Reduction System
• Exhaust Gas Recirculation System
• Gasoline Particulate Filter
• Others

Based on Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

To know more about Exhaust System For Right Perspective & Competitive Insights, Coverage Here 

Market Dynamics

The stringent emission norms enacted by several countries across the world are a primary factor slated to improve the demand for efficient exhaust systems. This in turn is expected to boost the revenue trajectory of this given market.

The increasing demand for lightweight vehicles, coupled with a growing need for fuel economy has resulted in reduced emissions. These factors are anticipated to create lucrative opportunities of financial growth for this global market.

The increasing demand for EVs, CNG-, and LPG-powered vehicles primarily due to a spike in concerns regarding environmental pollution and the various negative repercussions of climate change are also factors expected to hamper projected profit margins for the global exhaust system market.

Competitive Landscape:

A few notable key players of this global industry are

• Faurecia
• Tenneco Inc.
• Continental AG
• Futaba Industrial Co. Ltd.
• Benteler International
• Friedrich Boysen GmbH & Co. KG
• Yutaka Giken Company Limited
• Sejong Industrial Co. Ltd.
• Bosal
• Magnaflow
• Katcon Global
• Grand Rock Co. Inc.
• Magneti Marelli S.p.A.
• FennoSteel
• Eminox
• European Exhaust and Catalyst Ltd.
• Sango Co. Ltd.
• Calsonic Kansei Corporation
• Sharda Motor Industries Ltd.
• Denso Corporation

Key Developments:

• In May 2021, Futaba Industrial Co. Ltd. announced that it will exhibit its products online at the Automotive Engineering Exposition 2021. The company will introduce exhaust and body system components focusing to reduce the release of harmful substances into the environment, improving fuel efficiency, and reducing weight for SDGs (Sustainable Development Goals).

• In March 2021, Tenneco’s Clean Air Business Group announce its partnership with Eaton's Vehicle Group to produce an integrated exhaust thermal management system for commercial trucks and light vehicles to comply with new emissions regulations.