市场调查报告书
商品编码
1516925
印度的汽车排气系统的全球市场的评估:各产品类型,各零件,各车辆类型,各技术,感测器,各地区,机会,预测,2018年~2032年India Automotive Exhaust System Market Assessment, By Product Type, By Components, By Vehicle Type, By Technology, By Sensor, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度汽车排气系统市场规模预计将从 2024 年的 38 亿美元增加到 2032 年的 75.7 亿美元,2025 年至 2032 年的预测期间复合年增长率为 8.98%。商用车的快速成长以及乘用车产量和需求的增加预计将推动印度汽车排气系统市场的成长。汽车排气系统收集并释放废气,去除汽缸内的有害物质和废气。社会各阶层可支配收入的增加以及与碳排放相关的政府标准的收紧预计将推动市场成长。印度等新兴国家汽车需求和供应的增加以及排气系统的技术创新将加速市场成长。此外,排气设备製造商增加研发支出以及车主对车辆污染意识的提高预计将进一步推动市场成长。
此外,对燃油效率的追求以及排气系统製造中对轻质材料的需求正在推动市场向前发展。此外,客户对环境永续性的认识也得到了有效提高,这鼓励了环保排气解决方案的采用。此外,新兴国家对商用车和公共交通的需求不断增长,从而推动了全球市场的成长。除此之外,人们对空气污染对环境和健康的负面影响的认识不断提高,促使人们越来越多地转向带有排气系统的低排放车辆,从而增加了印度汽车排气系统市场的需求迅速增长。该市场的製造商也在显着增强其排气系统的功能,以满足汽车製造商和车主不断增长的需求。
在汽车产业,由于消费者生活水准的变化、可支配收入的增加以及汽车功能的快速进步,汽车的产销量不断增加。因此,对排气系统的需求显着增加。对豪华车的需求不断增长以及个人化的快速发展趋势为印度汽车排气系统市场的参与者创造了新的市场成长机会。此外,由于人们越来越青睐高性价比乘用车,乘用车销量大幅成长,也有助于印度市场的扩张。印度汽车排气系统市场的主要参与者正在投资建立新工厂,以提高排气系统解决方案的可靠性,并提供汽车製造商所需的高品质排气系统。
本报告提供印度的依汽车排气系统市场相关调查,提供市场概要,以及各产品类型,各零件,各车辆类型,各技术,感测器,各地区趋势,及加入此市场的主要企业简介等资讯。
India automotive exhaust system market is anticipated to observe a CAGR of 8.98% during the forecast period FY2025-FY2032, increasing from USD 3.80 billion in FY2024 to USD 7.57 billion in FY2032. The rapid rise in the number of commercial vehicles and growing production and demand of passenger cars are projected to propel the growth of the India automotive exhaust systems market. The automotive exhaust systems collect and release exhaust gases, eliminating poisonous substances and exhaust gases from cylinders. The increasing disposable incomes among different sections of society and vigorous government standards connected to carbon emissions are projected to propel market growth. The growing demand and supply of vehicles in emerging countries such as India and technological innovations in exhaust systems accelerate market growth. In addition, growing expenditure on R&D by exhaust manufacturers and growing awareness among vehicle owners related to vehicle pollution are further projected to propel market growth.
Additionally, the aim of fuel efficiency and the requirement for lightweight materials in exhaust system manufacturing is raising the market forward. Furthermore, among the customers, awareness of environmental sustainability is increasing efficiently, which has encouraged the adoption of eco-friendly exhaust solutions, which, in turn, is propelling India's automotive exhaust system market growth. Also, the growing need for commercial as well as public transport vehicles is rising in emerging countries which in turn is propelling the growth of the global market. In addition to this, rising awareness among the population concerning the harmful effects of air pollution on the environment as well as health will lead to a rise in a shift towards low-emission vehicles facilitated with exhaust systems thereby surging the India automotive exhaust system market demand. In addition, manufacturers in the market are significantly enhancing the functioning of exhaust systems to address the rising demand from automakers and vehicle owners.
For instance, Tenneco Exhaust India Private Limited is one of the leading companies in the India automotive exhaust system market, working on decreasing the weight of the exhaust systems and offering different products at cost-effective rates.
Production and Sales of Vehicles Pushes the Growth of the Exhaust System Market
In the automotive industry, the production and sales of vehicles are rising due to changes in the living standards of consumers, increases in disposable income, and rapid advancements in the functioning of automobiles. Therefore, the demand for exhaust systems is rising significantly. The increase in demand for luxury vehicles and a rapid trend of personalization create new market growth opportunities for India automotive exhaust system market players. In addition, the significant increase in sales of passenger cars due to a growing preference toward cost-effective passenger cars contributes to market expansion in India. Key participants in the India automotive exhaust system market are investing in establishing new plants to enhance the reliability of exhaust system solutions according to the automaker's requirements and offer high-quality exhaust systems.
For instance, Sharda Motor Industries Ltd is a front-runner in supplying and manufacturing of exhaust systems, pressed parts, catalytic converters, and independent suspension. During recent years, Sharda Motor has also been involved in different collaborations to open a new production plant that aims to produce, develop, and sell exhaust systems for commercial vehicles.
Rising Awareness Among Vehicle Owners Drives Market Demand
According to a report by the Indian Institute of Toxicology Research, during 2022-2023, a leading cause of recorded air pollution was automobiles. Exhaust systems help decrease the release of harmful gases and enhance the overall functioning of vehicles. Hence, increased awareness concerning applications of an exhaust system is driving the exhaust system market in India. In addition, the Indian Government announced different regulations concerning carbon emissions and started campaigning to spread awareness related to the harmful effects of dangerous gases. Manufacturers of automobiles are compelled to efficiently install exhaust systems in vehicles to increase their consumer base and enhance their functioning, which further drives the India exhaust system market demand significantly. Exhaust system manufacturers are working on fulfilling all the requirements of automakers to expand their footprint and product portfolio.
For instance, Faurecia Clean Mobility (FECT India Pvt. Ltd.) is currently involved in manufacturing complete emissions control assemblies and exhaust systems and has supplied various exhaust systems to original equipment manufacturers (OEMs).
Government Regulations Concerning Emission Control Products Pushes Market Growth
Stringent emission regulations and standards imposed by legal authorities are propelling the demand for exhaust systems. To decrease the environmental impacts of vehicular emissions, the Government of India is imposing vigorous regulations which compel suppliers to produce environmentally friendly automotive exhaust systems for international and domestic markets. In addition, due to strict government emission standards, exhaust system technologies are experiencing innovations and advancements, propelling the market revenue in the forecast period. Automakers are advancing exhaust systems for diesel engines to decrease the emission of nitric oxide (NOx) and address future limits of vehicle emissions. The above-mentioned factors linked with the advancement and enhancement of the India automotive exhaust system are estimated to accelerate the requirement for innovative and cost-effective exhaust systems for automobiles.
For instance, in January 2023, the Government of India announced the implementation of tough new fuel economy norms for heavy, medium, and light duty vehicles that are applicable on all new sales of commercial vehicles above 3.5 tons from 1st April 2023.
Passenger Cars Segment Registers the Largest Market Share
The passenger vehicles segment dominates with largest market revenue share in the exhaust systems market due to an increase in sales and production of passenger cars, advancement in technology of passenger cars, and increase in per capita income. The passenger car is the most preferred mode of transportation and is in high demand from middle-class families, propelling the growth of the passenger cars segment, which further accelerates the demand for exhaust systems. In addition, strict government regulations have a considerable impact on the passenger car segment owing to the higher contribution to carbon emissions. Manufacturers in the market are efficiently investing in different research and development activities to continuously advance passenger car technologies and address the increasing customer preference for fuel-efficient vehicles, propelling the demand for exhaust systems.
For instance, Futaba Industrial Gujarat Private Limited is one of the key players in the Indian automotive exhaust system market and has advanced the efficiency of exhaust systems for passenger cars as well as commercial vehicles.
Soot Sensors Segment Registers the Largest Market Share
Soot sensors are exclusively installed in diesel vehicles that have a diesel particulate filter. Both gasoline and diesel engines utilize temperature sensors, oxygen sensors, and NOx sensors. In the exhaust system, gasoline vehicles typically have one temperature sensor, while diesel vehicles use two. In addition, two oxygen sensors are employed for each catalytic converter across all vehicle types. The push to address emission reduction targets is projected to boost the adoption of exhaust sensors in vehicle exhaust systems, facilitating the capture, analysis, and monitoring of emission cases and their quantities. This trend is projected to propel the need for these sensors in the forecast period. Players are efficiently functioning on developing the performance of PM sensors to advance the effectiveness and compatibility of exhaust systems.
For instance, Standard Motor Products, Inc. is a premier producer of high-quality soot sensors, which allows technicians to make timely advancements to prevent vehicle breakdowns.
Future Market Scenario (FY2025-FY2032F)
Rapid innovation in exhaust system technology, comprising exhaust gas recirculation systems and others, has increased owing to stringent government regulations concerning pollution, which are anticipated to drive the sales and production of automotive exhaust systems.
In India, rapid urbanization and a rise in disposable income are driving the requirement for automobiles, further accelerating the India automotive exhaust system market's growth.
Heavy funding by companies in different research and development activities to advance the efficiency and compatibility of exhaust systems is increasing demand from automakers for exhaust systems.
The rapid acceptance of commercial vehicles in the logistic segment is estimated to propel the growth of the Indian automotive exhaust system market.
Key Players Landscape and Outlook
Key companies in the India automotive exhaust system market are efficiently funding different research and development activities to enhance the fuel efficiency and dependability of exhaust systems. Market participants are announcing new growth strategies, including joint ventures, new product launches, partnerships, collaborations, mergers and acquisitions, and others to develop the food print and product portfolio. In addition, the players are proposing economic products to survive in the Indian market and enlarge their competitive edge. The giant market players are working to enhance the productivity of exhaust systems and benefit clients by offering cost-effective products.
Futaba Industrial Co., Ltd., a leading company in the India automotive exhaust system market, offers car body parts and exhaust system parts for global and domestic automakers.
Marelli (India) Private Limited offers a wide variety of exhaust system products, including newly developed products with applications for catalytic converters, exhaust manifolds, spinning and heat utilization, heat collectors, and mufflers.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.