Automobile laws are becoming a focus of attention as worldwide concern about pollution grows. The exhaust system is critical in ensuring that exhaust gases are expelled smoothly, allowing the engine to operate at its full potential. The exhaust system’s other major function is to reduce noise as well as the temperature and pressure of exhaust gas. The rising demand for electric vehicles, on the other hand, will stifle the expansion.
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AUTOMOTIVE EXHAUST SYSTEM MARKET DYNAMICS
Manufacturers of exhaust systems are focusing on research and development operations in order to comply with the increasingly strict rules imposed by governments across the world. The market is driven by a constant need for fuel-efficient automobiles. The market will be driven by further developments in various components to meet pollution control laws.
AUTOMOTIVE EXHAUST SYSTEM MARKET SEGMENTATION
Automotive Exhaust System Market By After Treatment Devices
- Diesel Oxidation Catalyst (DOC)
- Diesel Particulate Filter (DPF)
- Gasoline Particulate Filter (GPF)
- Exhaust Gas Recirculation (EGR)
- Selective Catalytic Reduction (SCR)
Automotive Exhaust System Market By Component
- Catalytic Converters
- Exhaust Manifold
- Exhaust Downpipe
Automotive Exhaust System Market By Fuel Type
Automotive Exhaust System Market By Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Two Wheeled Vehicles
Automotive Exhaust System Market By Geography
AUTOMOTIVE EXHAUST SYSTEM MARKET BY AFTER TREATMENT DEVICES
Due to its great fuel efficiency and cost savings, selective catalytic reduction has obtained the most market share based on the technology used. It’s a relatively new technology that can lower NOx emissions by 70% to 80%.
Filtering hazardous gases is done using other methods such as DPF, DOC, and GPF. However, because of their failure to reduce NOx emissions, they are combined with SCR technology. The GPF (Gasoline Particulate Filter) is the most widely used of the three due to the growing number of gasoline-powered cars.
AUTOMOTIVE EXHAUST SYSTEM MARKET SIZE AND FORECAST
From 2021 to 2026, the global automotive exhaust system market is expected to grow at a CAGR of XX percent, from $XX billion in 2020 to $XX billion in 2026. Exhaust system manufacturers are constantly working on new ways to minimise the weight of their systems. This will have a positive impact on the market in the future.
Palladium, which is used to make catalytic converters, has seen a 25 percent price increase in China in order to meet pollution rules. As a result, producers will be compelled to find a replacement for the component, strengthening the market.
AUTOMOTIVE EXHAUST SYSTEM MARKET COMPETITIVE LANDSCAPE
BASF, a catalytic converter pioneer, has developed a number of solutions for gasoline and diesel engines. Three-way catalysts, four-way catalysts, catalysed soot filters, and lean NOx traps are among them. Over 90% of HC, NOx, and CO emissions produced by passenger cars are removed by the three-way catalysts. In a single technology, the four-way catalysts can remove all four primary pollutants: NOX, HC, CO, and Particulate Matter.
BASF (Germany), Faurecia (France), Tenneco (US), Yutuka Giken (Japan), Benteler (Germany), and Sejong Industries are the top manufacturers of vehicle exhaust systems (South Korea).
AUTOMOTIVE EXHAUST SYSTEM MARKET COMPANY PROFILE
- Futaba Industrial
- Yutuka Giken
- Sejong Industrial Co Ltd
- Harbin Emissary Green Automobile Exhaust Systems
- Chongqing Height Environment Group
- Sango Co Ltd
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