市场调查报告书
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汽车排气系统市场评估:依车辆、类型、零件、燃料、销售管道和地区划分的机会和预测(2017-2031)Automotive Exhaust Systems Market Assessment By Vehicle, By Type, By Component By Fuel, By Sales Channel, By Region, Opportunities and Forecast, 2017-2031F |
全球汽车排气系统市场规模将从 2023 年的 460.4 亿美元成长到 2031 年的 850.3 亿美元,预计 2024-2031 年复合年增长率为 7.97%。
儘管电动车被广泛采用,而且替代能源汽车的采用也越来越多,但内燃机车仍然在全球乘用车和商用车中占主要占有率。 由于政府政策、排放法规和汽车製造商研发的结合,排气系统的形状、尺寸和技术多年来不断发展。 该系统的每个组件都在效率、排放和供暖方面不断发展并变得更好。 对先进车辆不断增长的需求正在推动汽车製造商致力于各种功能的开发,包括降低背压、增加功率输出以及管道上的陶瓷涂层。 先进的系统包括一个设计合理的消音器,使引擎能够发挥最佳功能,并利用高性能不銹钢来延长保质期和安全性。
对后处理和增强排气驱动市场扩张的需求:
快速变化的排放法规和研发可能会透过后处理设备的采用对产业产生影响。 例如,选择性催化还原(SCR)和柴油颗粒过滤器(DPF)的结合可以减少柴油引擎产生的气体量,包括氮氧化物(NOx)和颗粒物(PM)这两种有害废气。 这些后处理技术正在推动对先进排气系统组件的需求,并扩大全球汽车排气系统市场的规模。 此外,技术先进的车款也推动了市场的成长。 对具有更好引擎性能、效率和吨功率的高性能排气系统的需求预计将塑造市场的未来趋势。
轻型车辆的兴起和可支配收入的增加推动市场成长:
提高燃油效率和减少颗粒物排放的轻型车辆的发展趋势正在促使汽车製造商减轻重量。 因此,汽车製造商和设备製造商现在正在使用先进材料生产轻型汽车零件。 这些材料包括高性能不銹钢、铝和钛。 钛极轻,被认为是解决这个重量问题的理想材料。
政府合规政策推动市场成长:
政府在市场成长的轨迹中扮演重要角色。 基于排放法规、引擎标准和污染的严格政策预计将推动市场成长。 为了减少汽车产业对环境造成的负面影响,世界各国政府正收紧监管车辆排放的法律。 这些法规迫使零件製造商为国内和国际市场开发高效、环保的汽车排气系统。 政府也推出了有关排气系统製造和使用的政策和监管立法。
本报告调查了全球汽车排气系统市场,提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构以及影响市场成长的因素。简介等等。
The global automotive exhaust systems market is projected to witness a CAGR of 7.97% during the forecast period 2024-2031, growing from USD 46.04 billion in 2023 to USD 85.03 billion in 2031. Even with the proliferation of electric vehicles and increased adoption of vehicles with alternative energy, the ICE still holds the major share of passenger and commercial vehicles around the globe. The exhaust's shape, size, and technology have constantly evolved over the years with the addition of government policies, emission laws, and automaker's research and development. Each component of the system has evolved and turned out better in terms of efficiency, emission, and heating. The rising demand for advanced vehicles pushes automakers to work on different features including reduced backpressure, higher power, ceramic coating of pipe, and others. The evolved systems include rightly designed mufflers, enabling the engine to function at its optimum state along with the utilization of high-performance stainless steel for longer shelf-life and safety.
The importance of vehicle exhaust systems comprises emission control, enhanced engine performance and life, and noise reduction. The car's exhaust system makes it possible for all the trapped gases to be released effectively, which enhances engine performance and fuel efficiency. It provides a comfortable ride and reduces noise pollution with an effective exhaust system. Alongside this, equipment manufacturing brands collaborate and partner with automakers to deliver enhanced exhaust systems.
For instance, in June 2023, Magnaflow announced new XMOD series exhaust systems for the 2023 Honda Civic Type R. Drivers quickly swap out the two supplied xMOD modules-a 14" straight-through muffler module and an xTreme Delete module that resembles a straight pipe-using racing-bred V-band clamps with male/female keyed flanges.
Demand for After-treatment and Enhanced Exhausts to Fuel Market Expansion
The rapidly transforming emission laws along with extended research and development are likely to impact the industry through the adoption of after-treatment devices. For instance, the combination of Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF) reduces up to 70% of the gases including two harmful emissions produced by diesel engines, oxides of nitrogen (NOx) and particulate matter (PM). These after-treatment technologies fuel the demand for advanced exhaust system components, expanding the global automotive exhaust systems market size. Furthermore, the technologically advanced vehicle models are also garnering market growth. The demand for performance exhaust systems with better engine performance, efficiency, and tons of power is anticipated to shape future trends in the market.
For instance, in July 2023, United Kingdom-based Milltek Sport launched its enhanced high-performance exhaust system for BMW's flagship M2 Coupe, enabling higher engine potential from the new baby M car. Following the announcement, the newest M2 is the last full-bore M vehicle with an all-internal combustion engine that comes with a 454-horsepower turbocharged inline six-cylinder engine powered by Milltek Sport's upgraded exhaust system.
Advent of Lightweight Vehicles and Increasing Disposable Income to Thrive Market Growth
The growing trend of lightweight vehicles with increased mileage and lower particulate emissions is pushing automakers to cut weight proportionally. Hence, automakers and equipment manufacturers are now producing lightweight vehicle components with the usage of advanced materials. These materials include high-performance stainless steel, aluminum, and titanium. Titanium, being extremely lightweight, might be an ideal material to address this weight issue. Although titanium is a light and moderately strong alloy for exhaust applications, at higher temperatures it can oxidize as oxygen diffuses into the surface.
For instance, in May 2022, Valentino Balboni launched a lightweight exhaust for the Lamborghini Huracan STO. The finished product bolts up with no fabrication required, and the company claims it is one of the finest upgrades one could apply to STO.
Asia's developing economies, including India and China, have seen an increase in the automotive sector due to rising disposable incomes across various social segments. The automotive exhaust systems business is predicted to have stronger growth possibilities due to the expected increase in demand for passenger and commercial cars.
Government Compliance Policies and to Fuel Market Growth
The government plays one of the crucial roles in the market growth trajectory. Emission laws, engine standards, and pollution-based stringent policies are anticipated to fuel the market growth. Stricter laws governing vehicle emissions are being implemented by governments worldwide to lessen the adverse environmental impacts attributed to the automobile sector. Component providers are under pressure from these rules to develop highly efficient and environmentally friendly vehicle exhaust systems for both home and foreign markets. The government also introduces policies and regulatory acts for the manufacturing and usage of exhaust systems.
In April 2023, New environmental-friendly criteria for exhaust emissions from light- and heavy-duty vehicles were recommended by the Environmental Protection Agency. The automobiles that are produced between 2027 and 2032 will be subject to the new regulations.
Higher Adoption, Better Compatibility, and Compact Size to Fuel Segmental Growth
The exhaust manifold category held the highest revenue share. The market has grown because of the rising demand for automobiles, especially in emerging economies. Exhaust systems that provide increased performance, durability, and noise reduction are critical as more people purchase cars. As a result, exhaust manifold producers decided to invest more in research and development to create cutting-edge products that meet changing consumer tastes. The muffler segment accelerates with a higher CAGR due to higher replacement.
For instance, Metalcaucho launched new heat exchangers and exhaust manifold gaskets. In this case, the emphasis is on heat exchangers, a family that currently has more than 250 component numbers in the catalog, and intake manifolds, a family that was introduced last year and is still expanding with 22 new spare parts.
Asia-Pacific Region Leads in the Global Automotive Exhaust Systems Market
Asia-Pacific held the biggest revenue share due to the region's growing spending power and awareness of technology. Furthermore, market expansion is anticipated due to the developing and evolving automotive sectors in developing nations such as China and India. India provides several advantages to the automobile industry, including low labor costs and less expensive raw materials, thus it is anticipated that the Made in India campaign is anticipated to attract significant investments. India and China are two of the world's fastest-growing economies and have extensive supply chains and logistics networks. In the upcoming years, it is also projected that the region's expanding e-commerce sector will increase demand for commercial cars. Brands update their vehicles with the latest exhaust systems while launching their vehicle in this region.
For instance, in July 2023, Kia Motors launched the facelift version of its successful SUV Seltos in India. The updates include more bold and aggressive looks. The GTX+ model also has a working pair of dual exhaust systems in addition to a set of oversized dual-tipped exhausts.
Future Market Scenario (2024-2031F)
The expanding automotive presence in emerging economies such as India and China along with the stringent emission regulations are expected to fuel the market growth.
The shift towards highly sustainable materials and manufacturing is anticipated to transform the market growth.
The technological advancements and after-service of exhaust systems are projected to add value to the market.
Companies expanding support to automakers with the extension of the production facilities is likely to fuel the market growth.
Key Players Landscape and Outlook
The automotive exhaust systems market comprises major automotive players along with aftermarket companies. The companies focus on utilizing high-performance metals, advanced technologies for temperature monitoring, enhanced design, and compliances, Furthermore, the companies also collaborate, acquire, and partner to expand their supply chain, distribution channel, and overall market hold.
For instance, in April 2022, Continental's enlarged product line expanded with exhaust gas temperature sensors (EGT sensors) for the Volkswagen Group brands VW, Audi, and Skoda. Additionally, the technology company is growing its EGT sensor program for the Opel brand, which now covers cars with high-volume deliveries including the Astra, Corsa, and Mokka.
Cummins Inc. acquired a part of Faurecia's commercial vehicle exhaust aftertreatment business, including a manufacturing facility in Columbus. The roughly USD 153 million deal announced in May 2023 transferred Faurecia's Columbus South plant located off of County Road 450S and another manufacturing facility in Roermond, Netherlands, and their related activities to Cummins.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.