Automotive Exhaust System Market Growth Potential & Forecast, 2032
Automotive Exhaust System Market size is anticipated to expand at over 7% CAGR from 2023-2032 driven by the global shift towards EVs worldwide.
With the automotive sector embracing
sustainable mobility, traditional exhaust systems are evolving to accommodate
the unique needs of EVs. The rising collaborations between traditional exhaust
system manufacturers and electric vehicle producers is contributing to
innovative solutions, reflecting the commitment to environmentally friendly
transportation. For
instance, in July 2023, Milltek Sport launched an improved high-performance
exhaust system for BMW's M2 Coupe for maximizing additional capability from the
new baby M vehicle. The development of exhaust solutions for hybrid and
electric powertrains, including sound management systems and emission controls
for range extenders, is also accelerating the market growth.
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As per vehicle type, the automotive exhaust
system market from the commercial vehicles segment is anticipated to witness
high demand between 2023 and 2032. The escalating need for global logistics and
transportation coupled with a growing number of strict emission regulations for
commercial vehicles is contributing to the rising demand for advanced exhaust
systems, including selective catalytic reduction and diesel particulate
filters. Furthermore, leading commercial vehicle manufacturers are heavily investing
in innovative exhaust technologies to enhance fuel efficiency and reduce
environmental impacts.
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Partial chapters of report table of contents
(TOC):
1.1
Market scope & definition
1.2
Base estimates & calculations
1.3
Forecast calculation
1.4
Data sources
1.4.1
Primary
1.4.2
Secondary
1.4.2.1 Paid
sources
1.4.2.2 Public
sources
Chapter
2 Executive Summary
2.1
Automotive exhaust system market 360º synopsis, 2018 - 2032
2.2
Business trends
2.3
Regional trends
2.4
Component trends
2.5
Vehicle type trends
2.6
Fuel type trends
Chapter
3 Automotive Exhaust System Industry Insights
3.1
Impact of COVID-19
3.2
Industry ecosystem analysis
3.3
Vendor matrix
3.4
Profit margin analysis
3.5
Technology & innovation landscape
3.6
Patent analysis
3.7
Key news and initiatives
3.7.1
Partnership/Collaboration
3.7.2
Merger/Acquisition
3.7.3
Investment
3.7.4
Product launch & innovation
3.8
Regulatory landscape
3.9
Impact forces
3.9.1
Growth drivers
3.9.1.1 Rising
demand for fuel efficiency
3.9.1.2 Advancements
in exhaust system technologies
3.9.1.3 High
focus on material innovations
3.9.1.4 Increased
awareness of environmental impact
3.9.2
Industry pitfalls & challenges
3.9.2.1 Stringent
emission standards
3.9.2.2 Global
economic uncertainties
3.10
Growth potential analysis
3.11
Porter’s analysis
3.12
PESTEL analysis
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